China State Shipbuilding Corporation

The China State Shipbuilding Corporation (CSSC) is the largest shipbuilding conglomerate in the world. Headquartered in Beijing, the CSSC handles mostly shipbuilding activities in China.

Not to be confused with CSBC Corporation, Taiwan or China Shipbuilding Industry Corporation.
China State Shipbuilding Corporation Limited
Native name
中国船舶集团有限公司
State owned
IndustryShipbuilding, defense
Predecessor中国船舶工业总公司 (1982–1999)
中国船舶工业集团有限公司 (1999–2019)
FoundedMay 4, 1982 (1982-05-04) (as 中国船舶工业总公司)
Headquarters
Haidian District, Beijing
,
China
Area served
Worldwide
Key people
Lei Fanpei (雷凡培) (Chairman)
Number of employees
310,000 (2019)
ParentSASAC
Websitewww.cssc.net.cn
China State Shipbuilding Corporation
Simplified Chinese中国船舶工业总公司
Traditional Chinese中國船舶工業總公司
Alternative Chinese name
Simplified Chinese中船总公司
Traditional Chinese中船总公司
China State Shipbuilding Corporation Limited
Simplified Chinese中国船舶工业集团有限公司
Traditional Chinese中國船舶工業集團有限公司
Alternative Chinese name
Simplified Chinese中船工业
Traditional Chinese中船工業
China State Shipbuilding Corporation Limited
Simplified Chinese中国船舶集团有限公司
Traditional Chinese中國船舶集團有限公司
Alternative Chinese name
Simplified Chinese中船集团
Traditional Chinese中船集團
China CSSC Holdings Limited
中国船舶工业股份有限公司
Subsidiary
IndustryShipbuilding
Founded1998
Headquarters
Shanghai
,
China
Area served
Worldwide
Key people
Dong Qiang (董强) (Chairman)
ParentChina State Shipbuilding Corporation
WebsiteChina CSSC Holdings Limited

CSSC is one of the top 10 defence groups in China,[1] consists of various ship yards, equipment manufacturers, research institutes and shipbuilding related companies, some of the well known shipbuilders in China such as Jiangnan Shipyard and Hudong–Zhonghua Shipbuilding are currently owned by CSSC. Its subsidiary, China CSSC Holdings Limited (SSE: 600150), is listed on the Shanghai Stock Exchange, and in turn owns other subsidiaries including Shanghai Waigaoqiao Shipbuilding.[2]

On 1 July 1999, some of its companies were spun off by the Government to form a separate conglomerate group, China Shipbuilding Industry Corporation (CSIC), which hold shipbuilding activities in the north and the west of China and CSSC deals with those in the east and the south of the country.

In the 2019 last quarter, the State-owned Assets Supervision and Administration Commission (SASAC) approved the merge between CSSC and CSIC into new China State Shipbuilding Corp.[3][4][5] The timeline of the financial operation hasn't been disclosed at the time and it paved the birth of an oligopoly in the world industry with a new player taking the 21% of global sales.[6][7]

See also

References
  1. Allen-Ebrahimian, Bethany (2020-06-24). "Defense Department produces list of Chinese military-linked companies, 20 years after mandate". Axios. Retrieved 2020-06-24.
  2. http://www.chinasws.com/component_general_situation/index.php?typeid=10&sonid=1
  3. Zhang Dan (November 26, 2019). "Nation unveils largest shipbuilder". Global Times. Retrieved June 23, 2020.
  4. Zi Yang (May 19, 2020). "The Invisible Threat to China's Navy: Corruption". The Diplomat. Retrieved June 23, 2020.
  5. Brenda Goh (November 26, 2019). Himani Sarkar (ed.). "China establishes world's largest shipbuilding group: state media". Thomson reuters. Retrieved June 23, 2020.
  6. Watanabe, Shin (October 26, 2019). "Top Chinese shipbuilders CSSC and CSIC win approval for merger". Nikkei Asian Review. Dalian, CH.
  7. "Beijing Gives Green Light for CSSC-CSIC Merger". The Maritime Executive. October 25, 2019.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.