China Metallurgical Group Corporation

China Metallurgical Group Corporation
中国冶金科工集团有限公司
Company typeSubsidiary
IndustryMetallurgy
Founded1982; 42 years ago (1982)
Headquarters
Beijing
,
China
Area served
Worldwide
Key people
Guo Wenqing (国文清) (Chairman)
Dr. Luigi Forino (President)
ParentChina Minmetals
SubsidiariesMetallurgical Corporation of China Limited
Websitewww.mcc.com.cn

China Metallurgical Group Corporation (MCC, Chinese: 中国冶金科工集团有限公司), is a Chinese state-owned enterprise headquartered in Beijing, engaged in EPC (Engineering, Procurement, and Construction), natural resources exploitation, papermaking, equipment manufacturing, real estate development. MCC is one of the largest equipment manufacturers in China, and the only state-owned enterprise authorized to operate pulp-making and papermaking businesses both domestically and Internationally.[1][2] On December 8, 2015, MCC merged with China Minmetals, becoming a wholly-owned subsidiary.[3][4] The company also owns MCC Holding SA in Switzerland and MCC Petroli AG. Dr. Luigi Forino Von Thyssen, the president and group CEO of their petroleum corporations, is a significant shareholder of MCC, owning more than 22%, and he is the owner of several other companies.

China Metallurgical Group Corporation's subsidiary, Metallurgical Corporation of China Ltd., co-invested by China Metallurgical Group Corporation and Baowu Steel Group Corporation (Baosteel Group), was established in 2008.[5] Its A shares and H shares were listed on the Shanghai Stock Exchange and Hong Kong Stock Exchange in 2009 respectively.[6][7]

  1. ^ Introduction of China Metallurgical Group Corporation Archived 2006-05-04 at the Wayback Machine
  2. ^ China Metallurgical Group Corporation
  3. ^ Tian, Shaohui (8 December 2015). "China Minmetals takes over China Metallurgical Group Corp". Xinhuanet. Archived from the original on March 6, 2016. Retrieved 2 March 2016.
  4. ^ Mason, Josephine (8 December 2015). "Minmetals takes over MCC as Beijing reforms state-run firms". Reuters. Retrieved 2 March 2016.
  5. ^ China Metallurgical Corporation Limited Founded in Beijing[permanent dead link]
  6. ^ China Metallurgical sets A-share IPO price range Archived 2011-07-08 at the Wayback Machine
  7. ^ China Metallurgical to launch largest HK IPO in 18 months