Brief of NORINCO GROUP
China North Industries Group Corporation(NORINCO GROUP), as the main body for research and development of weapons and equipment of land forces as well as the backbone force for research and development of destruction and informationized equipment of army, deems upgrading self-innovation capability, improving quality of development and honoring social responsibility as its three major tasks. We endeavor to build up an ordnance industry in conformity with our international status by sticking to the guiding principles that technical capability determines market status which in turn determines corporate status, that the accumulation of capital, technology and talent should go in synchronization with that of culture, that force of market, mechanism and culture should be cultivated and given full play, that technological and management innovation should be taken as the core motivation, that talent should be the determining factor of achieving development, that truth-seeking and pragmatism and open development should be the way to be followed, that technology-related defense and civilian industry should develop hand in hand. Through practices in building important manufacturing bases and outstanding national strategy team, NORINCO GROUP persists in overall consideration of political, economic and social responsibility in their efforts to build up a global high-tech ordnance industry.
There are 51 member units under NORINCO GROUP altogether mainly distributed in several provinces, autonomous regions and municipalities in China, including Beijing, Shaanxi, Gansu, Shanxi, Hebei, Inner Mongolia, Liaoning, Jilin, Heilongjiang, Shandong, Henan, Hunan, Hubei and so on. There are dozens of overseas branches established all over the world.
By the end of 2015, NORINCO GROUP’s total asset was close to 336.82 billion yuan, while the employees totaled 276,600.
NORINCO GROUP ranked 134th in the list of 2016 Fortune Global 500.