China Shipbuilding Industry Corporation

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Not to be confused with China Shipbuilding Corporation or China State Shipbuilding Corporation.

China Shipbuilding Industry Corporation
Native name
中国船舶重工股份有限公司
TypeState owned company
IndustryShipbuilding, defense
PredecessorChina State Shipbuilding Corporation
Founded1 July 1999; 22 years ago (1999-07-01)
FateMerged with China State Shipbuilding Corporation
SuccessorChina State Shipbuilding Corporation Limited
Headquarters
Haidian District, Beijing
,
China
Area served
Worldwide
Key people
Hu Wenming (胡问鸣) (Chairman)
ProductsShips, submarines, diesel engines, storage batteries, large steel structure fabrications, port machinery, turbochargers, tobacco machinery, gas meters and automation distribution systems
ParentSASAC
Websitewww.csic.com.cn
China Shipbuilding Industry Corporation
Simplified Chinese中国船舶重工股份有限公司
Traditional Chinese中國船舶重工股份有限公司
Abbreviation
Chinese中船重工
China Shipbuilding Industry Company Limited
SSE: 601989
IndustryShipbuilding
Headquarters
Beijing
,
China
Area served
Worldwide
Websitecsicl.com.cn

The China Shipbuilding Industry Corporation (CSIC) was one of the two largest shipbuilding conglomerates in China, the other was 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, and is 100% owned by State-owned Assets Supervision and Administration Commission (SASAC) of State Council.[1] Headquartered in Beijing, the CSIC handles shipbuilding activities in the north and the west of China, while the China State Shipbuilding Corporation (CSSC) deals with those in the east and the south of the country.

CSIC's subsidiary, China Shipbuilding Industry Company Limited (CSICL), was listed on the Shanghai Stock Exchange in 2008. Its trade arm is (CSOC).[2]

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,[3] 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.

On 26 November 2019, the shipbuilding conglomerate merged with China State Shipbuilding Corporation again to form new China State Shipbuilding Corporation.

History[]

The CSIC Chuandong Shipyard in Miaoyin'an, Chongqing

CSIC consists of 96 enterprises located in northern China, and employs over 300,000 people. Assets include shipbuilding and industrial enterprises in Dalian (Dalian Shipbuilding Industry Company), Tianjin, Qingdao, Wuhan, Xi'an, Chongqing and Kunming, as well as 30 research institutes and ten laboratories developing naval and civil vessels and related equipment.

China State Shipbuilding Corporation (CSSC) carried out fundamental institutional restructuring. Ship building and repair enterprises and related equipment manufacturers formerly owned by CSSC in areas of Dalian, Tianjin, Wuhan, Kunming and Xi’an, together with majority of the institutes under China Ship Research & Development Academy, formed China Shipbuilding Industry Corporation (CSIC), which was founded on 1 July 1999 in Beijing. This was part of the overall State Council initiative of 1 July 1999, under which the Chinese government split the top five Defense and Technology Corporations into ten new enterprises. These corporations are all large State-owned enterprises (SOEs) under direct supervision of the State Council. These SOEs include the China State Shipbuilding Corporation (CSSC) and the China Shipbuilding Industry Corporation (CSIC).

Business areas[]

CSIC is the largest group in China in the field of design, manufacture, and trade of military and civil ships, marine engineering and marine equipment. CSIC is a very large state owned enterprise (SOE) supervised by The State Council, a state authorised institution of investment, to combine investment with the industry, industry with trade, research and production, undertaking scientific and technological research and design on ships, civil vessels, marine equipment, production and sales of civil electro- mechanical products.

Enterprises[]

Consisting of some of the enterprises and institutes of former China State Shipbuilding Corporation (old CSSC), it has a total of 97 member units, assets worth of RMB 34 billion, annual turnover of RMB11 billion, 1.1 million DWT shipbuilding output per annum. There are 48 industrial enterprises, 28 scientific & technological research institutes, 15 share holding companies in CSIC, spread in more than 20 provinces and cities in China. Among its subsidiaries, CSIC has the world-renowned Dalian Shipbuilding Industry Company, Bohai Shipyard, Wuchang Shipyard, Shanhaiguan Shipyard, China Ship Research & Development Academy, China Shipbuilding Trading Company Ltd., China National Shipbuilding Equipment & Material Corporation, China Offshore Industrial Corporation, HZ Windpower (Haizhuang Wind Power Equipment) etc.

Shipbuilding[]

CSIC possesses the largest shipbuilding and ship repair bases, capable of undertaking research, design, manufacture and repair of various civil vessels up to the capacity of 388,000 DWT, marine engineering, surface and submersible combat vessels, naval supplementary boats, under water weapons and other related equipment. The hundreds of civil vessels, marine engineering projects and other machinery and electronics designed and built by CSIC have been exported to dozens of countries and regions. By utilizing shipbuilding and military technologies, CSIC has developed hundreds of electro-mechanic products which have been used in more than 20 domestic industries and fields such as aerospace, metallurgical, hydroelectricity, light industries, etc. The world-renowned Dalian shipyard, Dalian New Shipyard, Bohai Shipyard, Shan Hai Guan Shipyard, Wuchang Shipyard, Dalian Marine Diesel Engine Works, Shaanxi Diesel Engine Factory, China Ship Research & Development Academy, China Ship Scientific Research Center, China Shipbuilding Trading Co Ltd, China United Shipbuilding Co Ltd (Hong Kong), China National Shipbuilding Equipment & Materials Corp and China Offshore Industrial Corp are all members of CSIC.

CSIC is the largest shipbuilding and ship repair corporation in the country capable of undertaking new building and ship repair of various ships including VLCCs, surface and submersible naval vessels and naval supplementary boats up to a capacity of 300 000 dwt class. Ships of this description have been exported worldwide over 50 countries and regions. CSIC also consists of the country's main force on research and design of military ships. It has 28 scientific research institutes with over 360 major specialties involved, with about 30 000 technicians, six state-level laboratory centers, 150 large-scale laboratories and three state-level technological centers. CSIC is capable of developing and inventing new products with its strong scientific back up. CSIC is also the largest marine equipment manufacturer in the country. It has 38 plants producing marine diesel engines, marine equipment and auxiliary products including ship accessories for both military and civilian use. Some of these products are either produced under production licenses or technological transfer. By using shipbuilding and military technologies, CSIC has strength in developing and manufacturing large turnkey equipment. It has developed and produced hundreds of nonship products that have been used in more than 20 industries and fields such as aerospace, metallurgy, hydro power, petrochemicals, tobacco, railways, coal, light industries and city construction. The nonship products are also exported worldwide.

Market position[]

The market task of CSIC is to strengthen its market position with core businesses on military products and shipbuilding in which the military products are one priority. It also diverts into other industries while concentrating on technological innovation and cost controlling. The main business scope of CSIC includes: managing the group and its subsidiaries assets; domestic and overseas investing and financing; research and development of military products with more focus on warships; designing, producing and repairing civilian ships, marine equipment for both domestic and overseas markets; various forms of economic and technological cooperation; and overseas turnkey project contracting, labour exporting, construction and installation. CISC is also authorized to carry out other businesses.

Renewable energy / wind business[]

In 2004, CSOS started the company Haizhuang Wind Power Equipment. In 2008 the first prototype of a 2MW wind turbine (designed by aerodyn Energiesysteme GmbH) was installed.

Haizhuang Wind Power currently produces three types of wind turbines:

  • 850 kW wind turbine
  • 2.0MW wind turbine
  • 5.0MW offshore wind turbine

Controversy[]

In November 2020, Donald Trump issued an executive order prohibiting any American company or individual from owning shares in companies that the United States Department of Defense has listed as having links to the People's Liberation Army, which included CSIC.[4][5][6]

In December 2020, the United States Department of Commerce added 25 research institutes affiliated with CSIC to the Bureau of Industry and Security's Entity List due to the their role in territorial disputes in the South China Sea.[7]

See also[]

References[]

  1. ^ CSICL 2012 annual report page 59
  2. ^ http://www.csic.com.cn/en/Survey.htm Archived 19 August 2019 at the Wayback Machine (Introduction)
  3. ^ Allen-Ebrahimian, Bethany (24 June 2020). "Defense Department produces list of Chinese military-linked companies, 20 years after mandate". Axios. Retrieved 24 June 2020.
  4. ^ Chen, Shawna (12 November 2020). "Trump bans Americans from investing in 31 companies with links to Chinese military". Axios. Retrieved 12 November 2020.
  5. ^ Pamuk, Humeyra; Alper, Alexandra; Ali, Idrees (12 November 2020). "Trump bans U.S. investments in firms linked to Chinese military". Reuters. Retrieved 12 November 2020.
  6. ^ Swanson, Ana (12 November 2020). "Trump Bars Investment in Chinese Firms With Military Ties". The New York Times. ISSN 0362-4331. Retrieved 13 November 2020.
  7. ^ "U.S. Imposes New Sanctions on People's Republic of China Actors Linked to Malign Activities". United States Department of State. 18 December 2020. Retrieved 18 December 2020.

External links[]

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