The China Shipbuilding Industry Corporation (CSIC) is one of the two largest shipbuilding conglomerates in China, the other being the China State Shipbuilding Corporation (CSSC). It was formed by the Government of the People's Republic of China on 1 July 1999 from companies spun off from CSSC. It is headquartered in Beijing. Its trade arm is China Shipbuilding & Offshore International Co. Ltd.
CSIC's subsidiary, China Shipbuilding Industry Company Limited, was listed on the Shanghai Stock Exchange in 2008.
CSIC has developed 10 main product sections: shipbuilding, marine engineering, diesel engines, storage batteries, large steel structure fabrications, port machinery, turbochargers, tobacco machinery, gas meters and automation distribution systems.
The main business scope of CSIC includes: management of all the state owned assets of the corporation and its subsidiaries, domestic and overseas investment and financing, undertaking scientific research and production of military products, mainly of warships, design, production and repair of domestic and overseas civil vessels, marine equipment and other non-ship products, various forms of economic and technological co-operation, overseas turnkey project contracting, labour export, projects of production with foreign materials, engineering project contracting, engineering construction, building construction and installation, and other business authorized.
Read more about China Shipbuilding Industry Corporation: History, Business Areas, Enterprises, Shipbuilding, Market Position
Famous quotes containing the words china, industry and/or corporation:
“The roof of England fell
Great Paris tolled her bell
And China staunched her milk and wept for bread”
—Karl Shapiro (b. 1913)
“No delusion is greater than the notion that method and industry can make up for lack of mother-wit, either in science or in practical life.”
—Thomas Henry Huxley (1825–95)
“It is truly enough said that a corporation has no conscience; but a corporation of conscientious men is a corporation with a conscience.”
—Henry David Thoreau (1817–1862)