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China International Marine Containers

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This article is about the Chinese shipping equipment company. For the Cisco Integrated Management Controller, see Cisco Unified Computing System.
China International Marine Containers (Group) Company Ltd
中国国际海运集装箱(集团)股份有限公司
Company typePrivate company
IndustryShipping and logistics
Founded14 January 1980
FounderSia Yuan Geng
HeadquartersShekou,
Shenzhen, Guangdong
,
China[1]
Area served
Worldwide
Key people
Legal Representative and Chairman:Sia Li Jianhong
RevenueRMB 57.874 billion (2013)
RMB 2.18 billion (2013)
Owner
Number of employees
57,686 (as at 31 December 2013)
Websitewww.cimc.com

China International Marine Containers (Group) Co., Ltd (CIMC; Chinese: 中集集团) is a Chinese company principally engaged in the manufacture and sale of transportation equipment, such as containers, road transport vehicles and airport ground-handling equipment.

China International Marine Containers was a constituent of SZSE 100 Index, but was removed in January 2017.[2] As of 4 July 2017, it is one of the 200 components of SZSE 200 Index (the mid cap index of 101st to 300th companies).[3]

Corporate History

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CIMC was incorporated in Shenzhen as a joint venture on 14 January 1980 as China International Marine Containers Co., Ltd. (Chinese: 中國國際海運集裝箱股份有限公司). After being restructured as a joint stock limited company in December 1992, and publicly offered A shares and B shares which were listed on the Shenzhen Stock Exchange in 1994, CIMC adopted its current name in 1995.[4] Vanguard National Trailer Corp., CIMC's US subsidiary, acquired Monon in 2003.[5]

Business Operations

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Its container department produces dry freight containers, refrigerated containers, special containers and other containers. CIMC also offers road transport vehicles, including logistics vehicles, tanker trailers and construction vehicles. In addition, the Company designs and manufactures passenger boarding bridges and cargo handling systems for airports. Based in Shenzhen, Guangdong Province, CIMC is also engaged in the real estate industry through its subsidiaries.

With over 40% market share in the international container business and 56% market share in the dry marine container market, CIMC has been the biggest container-manufacturing company in the world since 1996.[6] It has 12 production bases lay out in South, East and North of China, with products ranging from dry van, reefer, tank and other special containers. The customers include leading shipping companies and container leasing companies.

Ziegler Z8 fire engine

In 2013, CIMC acquired German manufacturer of fire engines Ziegler, including its subsidiary Visser B.V., which builds ambulances and interiors of defense vehicles.[7][8]

It owns Yantai CIMC Raffles Shipyard in Yantai, China.

Listing and Shareholders

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On 8 April 1994, the A shares of CIMC were listed on the Shenzhen Stock Exchange.[9]

On 19 December 2012, CIMC converted its B shares into H shares, and listed its H shares by way of introduction on the Main Board of the Stock Exchange of Hong Kong, being the first enterprise in China to do so.[10]

According to the 2013 Annual Report of CIMC, China Merchants Group holds 25.54% while COSCO holds 22.75% of the total shares of the company.[11]

Other container manufacturers

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References

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  1. ^ "International Marine Containers Hong Kong Ltd". Bloomberg.
  2. ^ 关于调整深证成指、中小板指、创业板指、深证100、中小创新等指数样本股的公告 (PDF) (Press release) (in Chinese (China)). Shenzhen Securities Information. 12 December 2016. Archived from the original (PDF) on 11 February 2017. Retrieved 1 November 2017.
  3. ^ 指数样本 [Constituents] (Microsoft Excel) (in Chinese (China)). Shenzhen Securities Information. 4 July 2017. Archived from the original on 1 November 2017. Retrieved 1 November 2017.
  4. ^ p.7, Annual Report 2013
  5. ^ Monon completes sale to Vanguard National Trailer
  6. ^ Tsui, Sandra (2008-12-11). "Top box firm halts output". Lloyd's List Daily Commercial News. Informa Australia. p. 16.
  7. ^ "China's CIMC buys German fire-fighting truckmaker Ziegler". 2013-11-08.
  8. ^ "Chinees staatsbedrijf bouwt onze pantservoertuigen: 'Kwalijk en naïef'". RTL Nieuws & Entertainment (in Dutch). 2023-01-24. Retrieved 2024-11-14.
  9. ^ p.6, Annual Report 2013
  10. ^ p.6, Annual Report 2013
  11. ^ p.100, Annual Report 2013 of CIMC
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