China North Industries Group Corporation Limited (NORINCO Group) is the main platform responsible for developing mechanized, digitized and intellectualized equipment for PLA, plays a core role in developing destructive-attack devices for PLA and acts as a major carrier in R&D and manufacture of modernized new-generation army systemic equipment, as well as the main force that contributes to China’s “the Belt and the Road Initiative” and the development of civil-military integration.
NORINCO Group has consistently pursued national interests as its top priority, and regarded supply of weapons and equipment as its first mission, as the only major military industry group that is capable of providing weapons and technical support services to the army, navy, air force, rocket force, strategic support force, as well as armed police & public security unit. In addition to providing tanks and armored vehicles, long-range suppression weapons, air defense and anti-missile and other main battle equipment to the army, NORINCO Group also presents and offers strategic and basic products, such as intelligent ammunition, photoelectric information and damage technology, to various troops.
In addition, NORINCO Group has actively promoted the commercialization and industrialization of military technology, concentrated resources on developing advanced manufacturing sectors such as auto parts, engineering machinery and equipment, railway products, petrochemical, special chemical, civil explosion, photoelectric information, Beidou application, intelligent manufacturing, emergency, as well as modern service sectors such as trade circulation, engineering technology management, and financial services. NORINCO Group makes full efforts to implement the national "the Belt and Road Initiative", promotes China's equipment "going global" and international capacity cooperation, vigorously develops international business operations such as military trade, strategic resource development, international project contracting, product export and technology introduction.
Currently NORINCO Group has operated more than 50 sub-groups and directly-managed entities, mainly distributed in more than 30 provinces, cities and autonomous regions such as Beijing, Shaanxi and Inner Mongolia, and has set up more than 100 overseas branches & subsidiaries and representative offices in more than 70 countries and regions around the world. As of the end of 2018, NORINCO Group holds assets totaling 395.98 billion yuan and gathers more than 220,000 employees. NORINCO Group is a Grade A gainer for 15 years in succession and during 5 tenures in the operation performance assessment organized by the State-owned Assets Supervision and Administration Commission of the State Council. Moreover, the Group was ranked 140th among the Global Top 500 Enterprises.