| Type | State-owned enterprise |
|---|---|
| Industry | Food processing and trading |
| Founded | 1952 |
| Headquarters | Beijing, People's Republic of China |
| Area served | People's Republic of China |
| Key people | Chairman: Mr. Ning Gaoning |
| Subsidiaries | China Foods Limited China Agri-Industries Holdings Limited |
| Website | COFCO |
COFCO (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), full name China National Cereals, Oils and Foodstuffs Corporation, is one of China's state-owned foodstuffs import and export holding companies. COFCO Group is China's largest food processing, manufacturer and trader.[1]
Founded in 1952, it is one of the largest SOEs of the 49 directly administrated by 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, the Corporation had just over 60,000 employees in multiple locations in China as well as overseas operations in countries like the US, UK, Japan, Australia and Canada.
Besides the foodstuff business, COFCO has developed itself into a diversified conglomerate, involving planting, cultivation, food-processing, finance, warehouse, transportation, port facilities, hotels and real estate.[2][3] It is one of the top 500 enterprises chosen by US's Fortune Magazine.[4]
COFCO now has totally 5 listed companies. Two are China Foods Limited (HKEX: 506) and China Agri-Industries Holdings Limited (HKEX: 606) listed on the Hong Kong. Another three are COFCO Tunhe (SSE: 600737 ), COFCO Real Estate (SZSE: 000031) and BBCA (SZSE: 000930) listed on Shanghai and Shenzhen respectively.[5]
|
||||||||