China Metallurgical Group Corporation
China Metallurgical Group Corporation (MCC) is one of the six companies under the State-owned Assets Supervision and Administration Commission (SASAC). Previously known as China Minmetals Corporation, MCC was founded in 1998 as a giant state-owned enterprise, integrating overall planning and control of industrial enterprise operations. The primary business of MCC is divided into four major categories – metallurgical & mining, construction & engineering, real estate & housing, and finance & capital.
Metallurgical & mining sector is responsible for the mining, smelting, rolling and processing of metal mineral resources, as well as the production, and sales of metal products. It provides the State with raw materials for production and construction projects and is the backbone of China’s steel industry. MCC is the largest raw materials supplier for China’s outbound engineering projects and largest metal producer and exporter in the country.
Through its “Go Global” strategy, MCC expanded its international footprint, having engineering projects and services, as well as investments and assets across Europe, Russia, Asia, Southeast Asia, Africa and Latin America. Its overseas engineering projects include public works, mines, power plants, bridges and roads. MCC has presence in 40 countries, having 100 overseas service centers and office, more than 190 contracted projects, and near $100 billion in cumulative contract volume.
MCC’s construction & engineering sector offers comprehensive construction services and project management in the fields of public infrastructure, civil construction, steel structure, environment protection and building refurbishing. Its construction projects span across railways, ports, highways and bridges, environmental protection and engineering. It has undertaken construction projects on behalf of the Chinese central government, as well as for governments and companies in Malaysia, Thailand, Indonesia, Argentina and Mongolia, among others.
MCC’s real estate & housing primarily focuses on the development of residential and commercial properties. It is one of the largest real estate entrepreneurs in mainland China, with a strong presence in key cities such as Beijing, Shanghai, Guangzhou and Shenzhen, among others. It has planned, built and managed projects for universities and hospitals, as well as high-end complexes for business and leisure travelers.
Finally, its finance & capital division provides financial services and products such as Trust, Investment, Leasing and fund management. It also provides financial services such as strategic and financial consulting, corporate banking, and capital operation services.
Over the years, MCC has continuously grown and developed its business, achieving excellent results in its key business areas. In 2018, MCC posted total revenue of RMB 1.14 trillion. It has become well-known for its social responsibility and commitment to corporate values, with a firm belief in integrity, innovation and dedicated customer service. MCC was listed in the Dow Jones Sustainability Index for World Industrial Metals for the 8th consecutive year in 2018, proof that it truly is a corporate leader when it comes to sustainability.
