COFCO Group

COFCO (Chinese: 中国粮油食品（集团）有限公司), 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.[2]

COFCO
Native name
中国粮油食品（集团）有限公司
State-owned enterprise
IndustryFood processing
Founded1949
Headquarters
Chaoyang District, Beijing
,
China
Area served
Worldwide
Key people
Lü Jun (吕军) (Chairman)
Revenue471,119,900,000 renminbi[1] (2018) 
OwnerSASAC
SubsidiariesChina Foods Limited
China Agri-Industries Holdings Limited
Websitewww.cofco.com/en/ (in English)

Background

Founded in 1949, it is one of the largest SOEs of those under the direct supervision of China's State Council. 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 the US, UK, Japan, 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.[3][4] It is one of the top 500 enterprises chosen by US's Fortune Magazine.[5]

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
  • China Foods Limited, a listed subsidiary of COFCO Group
  • China Agri-Industries Holdings Limited, a list subsidiary of COFCO Group

Equity investments
gollark: Say I want to use Signal, which is better for privacy than WhatsApp, but my friends refuse to use Signal too because they don't care. I'm now forced to use WhatsApp and compromise privacy somewhat.
gollark: Well, if people *want* to interact with you for whatever reason, they have to use Facebook or whatever else you're on.
gollark: If you use, say, Facebook, and won't use non-Facebook stuff which is better for privacy, you are giving Facebook money and making people use Facebook to communicate with you.
gollark: I mean, most of the more privacy-oriented stuff is free and open source.
gollark: As I said, it's not doing *much* to other people but it is doing something, which is why your threshold for that should probably be... above zero?

References
  1. https://finance.sina.com.cn/zt_d/2019_zq500qbd/.
  2. "Trade Intelligence,Gain valuable business insights from our searchable database of thousands of articles and reports".
  3. "CHINA NATIONAL CEREALS, OILS & FOODSTUFFS IMPORT & EXPORT CORPORATION". Archived from the original on 2009-01-23. Retrieved 2008-11-30.
  4. China National Cereals, Oils and Foodstuffs Import and Export Corporation
  5. Global 500 398. COFCO
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.