CITIC Pacific Limited engages in the special steel manufacturing and iron ore mining operations primarily in Hong Kong and Mainland China. The company’s segments include Special Steel, Iron Ore Mining, Property, Aviation, Power Generation, Civil Infrastructure, Communications, and Marketing and Distribution. Special Steel CITIC Pacific Special Steel operates as a special steel manufacturer in China. Special Steel is used in a range of industries, including auto components, machinery manufacturing, transportation, energy, railways and shipping. The major products are bearing steel, gear steel, spring steel and seamless steel tubes. These are used in a range of different industries, including auto components, machinery manufacturing, oil, petrochemicals, transportation, energy, railways and shipping. The company’s three operating plants, Jiangyin Xingcheng Special Steel, Xin Yegang Steel and Shijiazhuang Steel, are ideally located to cover the main markets for special steel in eastern, central and northern China. Special steel refers to steel that has added or extra benefits, such as heat resistance, anti corrosion and anti fatigue. Categorised by shape, special steel includes bar steel, plate, strip steel, tube steel and wire steel. Customers: The company’s customers include Jiangsu Zhenda Seamless Tube; Pangang Group Chengdu Iron and Steel; Yangzhou Chengde Steel Tube; Dongfeng Motor; and Jiangxi Hongdu Steelworks. Iron Ore Mining The Sino Iron project is the most advanced magnetite development in Australia. CITIC Pacific has rights to two billion tonnes of resource. The Sino Iron project is managed by CITIC Pacific Mining, a subsidiary of CITIC Pacific. Property CITIC Pacific focuses on developing medium and large scale projects in mainland China. Properties are located in prime areas in Shanghai, major cities in the Yangtze Delta area, as well as Hainan Island. Jointly developed by CITIC Pacific and the China State Shipbuilding Corporation, this project would include Grade-A office buildings, retail space, apartments and a hotel. Its properties include Lu Jia Zui New Financial District Project; Zhujiajiao New Town – Qingpu Residential Project; New Westgate Garden; No. 10, Hainan Road; Jiading New City Station of Metro Line No.11; Sichuan Beilu Station of Metro Line No. 10; CITIC Square, Ningbo; Noble Manor, Yangzhou; Binhu District Residential Project, Wuxi; Jiangyin Residential Project, Jiangyin; Shenzhou Peninsula Development, Wanning; CITIC Square; Royal Pavilion; and New Westgate Garden – Retail Portion; Discovery Bay. Aviation Cathay Pacific is an international passenger and freight carrier based in Hong Kong, which together with its subsidiaries Dragonair and Air Hong Kong, operates a fleet of 162 aircraft providing services to approximately 120 destinations in 37 countries worldwide. HACTL operates Super Terminal 1, the largest air cargo terminal worldwide. Power Generation CITIC Pacific owned a total attributable capacity of 6,250 MW. Civil Infrastructure The Eastern Harbour Tunnel registered average daily traffic of 63,218 vehicles in 2008. The Western Harbour Tunnel is a key section of the Route 3 highway connecting Hong Kong Island with mainland China and Chek Lap Kok Airport. Communications Communications includes CITIC 1616,CITIC Guoan; and cpcNet Hong Kong. CITIC 1616: It is a telecom hub based provider in Asia, interconnected to approximately 240 international telecom and mobile carriers in approximately 50 countries/areas. CITIC Guoan’s primary business is its 41.6% interest in CITIC Guoan Information Industry Co., Ltd. (Guoan Information). Guoan Information operates cable tv networks in 18 cities and one province in mainland China with approximately 6 million subscribers. Guoan Information also has interests in systems integration, software development, hotel management, salt lake consolidated resources developement and property development. cpcNet Hong Kong provides Internet services to corporate customers in the Greater China area. Marketing and Distribution Marketing and Distribution includes Motor Vehicle Trading and Non-Motor Trading. Motor Vehicle Trading: Dah Chong Hong is a major distributor of motor vehicles and consumer and food commodity products. It has operations in Hong Kong and mainland China, as well as businesses in Japan, Singapore and Canada. Dah Chong Hong distributes motor vehicles in the territory. It distributes a range of vehicles, such as Passenger cars and Commercial vehicles. Dah Chong Hong distributes imported and domestically manufactured vehicles through local partners. The non-motor trading business includes Dah Chong Hong and Sims. Dah Chong Hong distributes in Hong Kong, Macau and mainland China a range of consumer and commodity food. History CITIC Pacific Limited was founded in 1990.
citic ltd (267:Hong Kong)
1 Tim Mei Avenue
Phone: 852 2820 2111
Fax: 852 2877 2771www.citic.com
|Air China Ltd||CNY7.83 CNY||+0.64|
|Cathay Pacific Airways Ltd||$14.32 HKD||-0.18|
|Henderson Land Development Co Ltd||$48.30 HKD||-0.50|
|Lifestyle International Holdings Ltd||$11.98 HKD||-0.08|
|View Industry Companies|
Sponsored Financial Commentaries
To contact CITIC LTD, please visit www.citic.com. Company data is provided by Capital IQ. Please use this form to report any data issues.