China Railway Materials

China Railway Materials Commercial Corp. (CRMCC, Chinese: 中国铁路物资(集团)总公司) is a state-owned company of China, under the supervision of State-owned Assets Supervision and Administration Commission of the State Council.

China Railway Materials Co., Ltd.
State-owned
IndustryTrading, Construction materials
Headquarters
Beijing
,
China
ProductsRail Track
Revenue CN¥47.8 billion[1] (2015)
(CN¥448.6 million) (2015)
Total assets CN¥54.6 billion (2015)
Total equity CN¥5.2 billion (2015)
OwnerChinese government (100%)
ParentChina Railway Materials Commercial Corp.
Websitecrmsc.com.cn
China Railway Materials Co., Ltd.
Simplified Chinese中国铁路物资股份有限公司
Traditional Chinese中國鐵路物資股份有限公司

The predecessor of the group was the Materials Administration Bureau of the Ministry of Railways (Chinese: 铁道部物资管理局).

The major subsidiary of the group was China Railway Materials Co., Ltd. (CRM, Chinese: 中国铁路物资股份有限公司). In 2010, most of the assets of CRMCC was injected to CRM, excluding the investment vehicle of CRMCC: China Railway Materials Investment (Chinese: 中铁物总投资有限公司);[2] A plan to float CRM in Shanghai and Hong Kong Stock Exchange was announced in the same year. However, the company did not proceed the initial public offering.

In 2014 CRMCC was renamed from Chinese: 中国铁路物资总公司 to current name Chinese: 中国铁路物资(集团)总公司.

The company was a partner of former Australian listed company FerrAUS Limited,[3] Swiss company African Iron Ore Group[4] and British listed company African Minerals Limited.

References
  1. 2015 annual report (in Chinese)
  2. Draft prospectus of the IPO China Railway Materials Company Limited (in Chinese)
  3. http://www.asx.com.au/asxpdf/20090908/pdf/31klr2m0rt95n0.pdf
  4. AIOG Signs Agreement with China Railway Materials Company Limited


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