Norinco

China North Industries Group Corporation
Native name
Chinese: 中国兵器工业集团公司
State owned company
Industry Defence
Founded 1980 (1980)
Headquarters Xicheng District, Beijing, China
Area served
worldwide
Key people
Yin Jiaxu (Chairman)
Wen Gang (President)[1]
Products Munitions
Firearms, Artillery
Explosive
Combat vehicle
Radar
Electro-optical devices
Owner SASAC
Number of employees
276,600 (2015)
Website www.norincogroup.com.cn
China North Industries Corporation
Simplified Chinese 中国北方工业公司
Traditional Chinese 中國北方工業公司
Alternative Chinese name
Simplified Chinese 中国兵器工业集团公司
Traditional Chinese 中國兵器工業集團公司

The China North Industries Corporation, officially abbreviated as Norinco, is a Chinese company that manufactures vehicles (trucks, cars and motorcycles), machinery, optical-electronic products, oil field equipment, chemicals, light industrial products, explosives and blast materials, civil and military firearms and ammunition. Norinco is also involved in domestic civil construction projects.

Norinco is also known outside of China for its high-tech defense products. Norinco produces precision strike systems, amphibious assault weapons and equipment, long-range suppression weapon systems, anti-aircraft & anti-missile systems, information & night vision products, high-effect destruction systems,[2] fuel air bombs, anti-riot equipment and small arms.

History

Established in 1980 with the approval of the State Council of China, China North Industries Corporation (NORINCO) is an enterprise group engaged in both products and capital operation, integrated with R&D, manufacturing, marketing, and services. NORINCO mainly deals with defense products, petroleum & mineral resources development, international engineering contracting, optronic products, civilian explosives & chemical products, sports arms & equipment, vehicles and logistics operation, etc. NORINCO has been ranked among the forefront of China’s 500 largest state-owned enterprises in terms of total assets and revenue.

Trade disputes with the United States

In 1993, the import of most Norinco firearms and ammunition into the United States was blocked under new trade rules when China's permanent normal trade relations status was renewed. The prohibition did not apply to sporting shotguns or shotgun ammunition however. In 1994, U.S. Customs agents conducted a sting against Atlanta based importers of Norinco firearms.[3]

In August 2003, the Bush Administration imposed sanctions on Norinco for allegedly selling missile-related goods to Iran.[4] These sanctions led to a prohibition on imports into the US of the remaining types of firearms and ammunition not covered by the 1993 ban.[5][6]

Examples of products manufactured by Norinco

See also

References

This article is issued from Wikipedia - version of the 10/29/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.