China Metallurgical Group Corporation
China Metallurgical Group Corporation is a large conglomerate under supervision of the State Council’s State Assets Supervision and Administration Commission.
MCC founded and built China’s metallurgical industry, successfully establishing national iron and steel production centers at Baoshan, Anshan, Wuhan and Panzhihua. It is also a major player in capital construction, contributing to economic development through the fields of iron and steel, municipal services, transportation, power, chemicals, mining, light industry, environmental protection, electronics, nonferrous metallurgy, aeronautics and aerospace. MCC is also a well-known international contractor, having completed a number of important and successful projects around the world.
MCC combines research and development; consulting and planning; geological surveying; design and supervision; construction; property development; equipment manufacture, installation and assembly; resource development; industrial production; technical services and import and export trade into a single cross-sector conglomerate. It has won 20 national awards for inventions and 130 national and 700 provincial awards for technical advances; 100 national awards for excellence in engineering design; 600 provincial awards for excellence in design; 30 national awards for excellence in engineering; 18 Lu Ban awards for construction projects; 1 Zhan Tianyou award for civil engineering and 380 provincial awards for excellence in engineering.
As a large state-owned conglomerate, MCC has combined structural reform and transformation in order to improve internal mechanisms; promote innovation; raise company vitality; improve business structure, methods and functions; and raise the quality of growth, competitiveness and sustainability. MCC has developed rapidly since 1998, with almost 30% growth annually. In 2005 income approached RMB 70 bln, 5.65 times that of 1998. In US magazine Engineering News-Record’s list of the top 225 global contractors, MCC ranked 27th; and in China Enterprise Confederation list of China’s top 500 firms ranked 39th. MCC is also a leader in developing China’s corporate culture.
Currently MCC is transitioning from a stage of growth by expansion to one of growth by innovation. With the aims of the group’s second five-year plan to “increase innovation, strengthen and expand, sustain growth and stability” and of becoming one of the Fortune 500 by 2010, and with EPC contracting, resource exploitation and paper-making,equipment manufacturing and property development as our four core businesses, MCC will continue on its road of rational, sustainable, coordinated and balanced growth.
Website: http://www.mcc.com.cn/english/index.asp