|Type||State owned enterprise|
|Key people||Ren Hongbin (Chairman)|
|Industry||Heavy machinery, construction|
|Website||Sinomach site (English)|
China National Machinery Industry Corporation (also known as Sinomach) is a Chinese conglomerate with businesses in tool making; construction equipment; agriculture equipment; and infrastructure construction. In two particular areas of construction engineering, the company is among the top in terms of revenue from international projects. Based on 2013 rankings compiled by the Engineering News-Record, the company is the 3rd largest contractor of power projects and 8th largest contractor of industrial projects.
A major subsidiary is the YTO Group, primarily a manufacturer of agriculture equipment. In March 2011, YTO Group acquired McCormick France SAS, a French manufacturer of tractors, as part of strategy for entering the European tractor market.
Another major subsidiary of the company is the China Machinery Engineering Corporation, a provider of engineering and construction services. The company expressed interest in building a 10,000 to 30,000 acre complex of industry, retail, and residential properties in the Boise area, in Idaho, USA. The plan is billed as a collaboration "on the reinvigoration of the American industrial base."
References / sourcesEdit
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