China Railway Materials
State-owned | |
Industry | Trading, Construction materials |
Headquarters | Beijing, China |
Products | Rail Track |
Revenue | CN¥47.8 billion[1] (2015) |
(CN¥448.6 million) (2015) | |
Total assets | CN¥54.6 billion (2015) |
Total equity | CN¥5.2 billion (2015) |
Owner | Chinese government (100%) |
Parent | China Railway Materials Commercial Corp. |
Website | crmsc.com.cn |
China Railway Materials Co., Ltd. | |||
Simplified Chinese | 中国铁路物资股份有限公司 | ||
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Traditional Chinese | 中國鐵路物資股份有限公司 | ||
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China Railway Materials Commercial Corp. (CRMCC, Chinese: 中国铁路物资(集团)总公司) is a state-owned company of China, under the supervision of State-owned Assets Supervision and Administration Commission of the State Council.
The predecessor of the group was the Materials Administration Bureau of the Ministry of Railways (Chinese: 铁道部物资管理局).
The major subsidiary of the group was China Railway Materials Co., Ltd. (CRM, Chinese: 中国铁路物资股份有限公司). In 2010, most of the assets of CRMCC was injected to CRM, excluding the investment vehicle of CRMCC: China Railway Materials Investment (Chinese: 中铁物总投资有限公司)[2] as well as a plan to float CRM in Shanghai and Hong Kong Stock Exchange was announced. However, the company did not proceed.
In 2014 CRMCC was renamed from Chinese: 中国铁路物资总公司 to current name Chinese: 中国铁路物资(集团)总公司.
The company was a partner of former Australian listed company FerrAUS Limited,[3] Swiss company African Iron Ore Group[4] and British listed company African Minerals Limited.