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COFCO Group

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COFCO (Chinese: 中粮; full name: China Oil and Foodstuffs Corporation) is a Chinese state-owned food processing holding company. COFCO Group is China's largest food processor, manufacturer and trader.[5] It is also one of Asia's leading agribusiness groups alongside Wilmar International.

COFCO
Native name
中国粮油食品（集团）有限公司
Company typeState-owned enterprise
IndustryFood processing
Founded1949
Headquarters
Chaoyang District, Beijing
,
China
Area served
Worldwide
Key people
Lü Jun (吕军) (Chairman)
Revenue$72.149 billion (2020) [1]
Total assets$85.847 billion (2020) [2]
Total equity$12.499 billion (2020) [3]
OwnerSASAC
Number of employees
110,896 (2020) [4]
SubsidiariesChina Foods Limited
China Agri-Industries Holdings Limited
Chinese name
Simplified Chinese中国粮油食品（集团）有限公司
Traditional Chinese中國糧油食品（集團）有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinZhōngguó Liángyóu Shípǐn Jítuán Yǒuxiàngōngsī
COFCO
Simplified Chinese中粮
Traditional Chinese中糧
Transcriptions
Standard Mandarin
Hanyu PinyinZhōng Liáng
Websitewww.cofco.com/en/ (in English)

Its headquarters are in the COFCO Fortune Plaza (中粮福临门大厦) in Chaoyang District, Beijing.[6]

Background

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Founded in 1949, it is one of the largest SOEs of those under the direct supervision of the SASAC. Between 1952 and 1987, it was the sole agricultural products importer and exporter operating under direct control of the central government. In 2007, COFCO had just over 60,000 employees in multiple locations in China as well as overseas operations in countries such as Japan, US, UK, Australia and Canada.

Besides the foodstuff business, COFCO has developed into a diversified conglomerate, involving planting, cultivation, food-processing, finance, warehouse, transportation, port facilities, hotels and real estate.[7][8] It is one of the top 500 enterprises chosen by US's Fortune Magazine.[9]

COFCO has four companies listed in Hong Kong, namely, China Foods (SEHK: 506), China Agri-Industries Holdings (SEHK: 606), Mengniu Dairy (SEHK: 2319), and COFCO Packaging Holdings (SEHK: 906) and three companies listed in mainland China, namely, COFCO Tunhe (SSE: 600737), COFCO Property (SZSE: 000031), and BBCA (SZSE: 000930). COFCO boasts a wide range of branded products and service portfolios, such as Fortune edible oil, Great Wall wine, Mengniu dairy, Lohas fruit and vegetable juice, Le Conte chocolate, Tunhe tomato products, Joycome meat products, Joy City shopping mall, Yalong Bay resorts, Gloria hotels, Snow-Lotus cashmere, Zhongcha tea products, COFCO-Aviva Life Insurance, COFCO Trust, etc.

Subsidiaries

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  • China Foods Limited, a listed subsidiary of the COFCO Group
  • China Agri-Industries Holdings Limited, a listed subsidiary of COFCO Group
  • COFCO Oils & Oilseeds: a subsidiary of COFCO Group
  • COFCO Wines & Spirits: a subsidiary of COFCO Group that specializes in the alcohol business
  • COFCO Coca-Cola: A joint venture between COFCO and The Coca-Cola Company. Manufacture and distribute Coca-Cola branded products in 19 provinces and municipalities in China.
  • China Tea Co., Ltd.

Equity investments

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References

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  1. ^ "COFCO | 2021 Global 500".
  2. ^ "COFCO | 2021 Global 500".
  3. ^ "COFCO | 2021 Global 500".
  4. ^ "COFCO | 2021 Global 500".
  5. ^ "Trade Intelligence, Gain valuable business insights from our searchable database of thousands of articles and reports".
  6. ^ "Contact Us". COFCO. Retrieved 2020-12-30. Address: COFCO Fortune Plaza, No.8, Chao Yang Men South St., Chao Yang District, Beijing, China - Chinese address: "中国北京朝阳区朝阳门南大街8号中粮福临门大厦"
  7. ^ "CHINA NATIONAL CEREALS, OILS & FOODSTUFFS IMPORT & EXPORT CORPORATION". Archived from the original on 2009-01-23. Retrieved 2008-11-30.
  8. ^ China National Cereals, Oils and Foodstuffs Import and Export Corporation
  9. ^ Global 500 398. COFCO
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