Summary
COFCO (Chinese: 中粮; full name: China Oil and Foodstuffs Corporation) is a Chinese state-owned food processing holding company. COFCO Group is China's largest food processor, manufacturer and trader.[5] It is also one of Asia's leading agribusiness groups alongside Wilmar International.
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Native name | 中国粮油食品（集团）有限公司 | ||||||
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| Company type | State-owned enterprise | ||||||
| Industry | Food processing | ||||||
| Founded | 1949 | ||||||
| Headquarters | , China | ||||||
Area served | Worldwide | ||||||
Key people | Lü Jun (吕军) (Chairman) | ||||||
| Revenue | $72.149 billion (2020) [1] | ||||||
| Total assets | $85.847 billion (2020) [2] | ||||||
| Total equity | $12.499 billion (2020) [3] | ||||||
| Owner | SASAC | ||||||
Number of employees | 110,896 (2020) [4] | ||||||
| Subsidiaries | China Foods Limited China Agri-Industries Holdings Limited | ||||||
| Chinese name | |||||||
| Simplified Chinese | 中国粮油食品（集团）有限公司 | ||||||
| Traditional Chinese | 中國糧油食品（集團）有限公司 | ||||||
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| COFCO | |||||||
| Simplified Chinese | 中粮 | ||||||
| Traditional Chinese | 中糧 | ||||||
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| Website | www | ||||||
Its headquarters are in the COFCO Fortune Plaza (中粮福临门大厦) in Chaoyang District, Beijing.[6]
Background edit
Founded in 1949, it is one of the largest SOEs of those under the direct supervision of the SASAC. Between 1952 and 1987, it was the sole agricultural products importer and exporter operating under direct control of the central government. In 2007, COFCO had just over 60,000 employees in multiple locations in China as well as overseas operations in countries such as Japan, US, UK, Australia and Canada.
Besides the foodstuff business, COFCO has developed into a diversified conglomerate, involving planting, cultivation, food-processing, finance, warehouse, transportation, port facilities, hotels and real estate.[7][8] It is one of the top 500 enterprises chosen by US's Fortune Magazine.[9]
COFCO has four companies listed in Hong Kong, namely, China Foods (SEHK: 506), China Agri-Industries Holdings (SEHK: 606), Mengniu Dairy (SEHK: 2319), and COFCO Packaging Holdings (SEHK: 906) and three companies listed in mainland China, namely, COFCO Tunhe (SSE: 600737), COFCO Property (SZSE: 000031), and BBCA (SZSE: 000930). COFCO boasts a wide range of branded products and service portfolios, such as Fortune edible oil, Great Wall wine, Mengniu dairy, Lohas fruit and vegetable juice, Le Conte chocolate, Tunhe tomato products, Joycome meat products, Joy City shopping mall, Yalong Bay resorts, Gloria hotels, Snow-Lotus cashmere, Zhongcha tea products, COFCO-Aviva Life Insurance, COFCO Trust, etc.
Subsidiaries edit
- China Foods Limited, a listed subsidiary of the COFCO Group
- China Agri-Industries Holdings Limited, a listed subsidiary of COFCO Group
- COFCO Coca-Cola: A joint venture between COFCO and The Coca-Cola Company. Manufacture and distribute Coca-Cola branded products in 19 provinces and municipalities in China.
Equity investments edit
- UBS Securities (14%)
- Mengniu Dairy (31.25%) as of December 2019
References edit
- ^ "COFCO | 2021 Global 500".
- ^ "COFCO | 2021 Global 500".
- ^ "COFCO | 2021 Global 500".
- ^ "COFCO | 2021 Global 500".
- ^ "Trade Intelligence,Gain valuable business insights from our searchable database of thousands of articles and reports".
- ^ "Contact Us". COFCO. Retrieved 2020-12-30.
Address: COFCO Fortune Plaza, No.8, Chao Yang Men South St., Chao Yang District, Beijing, China
- Chinese address: "中国北京朝阳区朝阳门南大街8号中粮福临门大厦" - ^ "CHINA NATIONAL CEREALS, OILS & FOODSTUFFS IMPORT & EXPORT CORPORATION". Archived from the original on 2009-01-23. Retrieved 2008-11-30.
- ^ China National Cereals, Oils and Foodstuffs Import and Export Corporation
- ^ Global 500 398. COFCO
External links edit
- COFCO