Established in July 1999, China Shipbuilding Industry Corporation
(CSIC) is a major state-owned enterprise group and one of China's
largest shipbuilding and shiprepairing groups. It has 46 industrial
subsidiaries and 28 R&D institutes.
CSIC is an entity directly under the state government with state authorisation
for investment and capital management. The group has a total asset
base of USD 27.54 billion and a workforce of 140,000.
The CSIC group includes a number of well-known shipyards, diesel
engine manufacturers and research institutes. Among these are the
Dalian Shipbuilding Industry Co., Ltd., Bohai Shipbuilding Heavy
Industry Co., Ltd., Wuchang Shipyard, Shanhaiguan Shipyard, Qingdao
Beihai Shipbuilding Heavy Industry Co., Ltd., Dalian Marine Diesel
Works, China Ship Research & Development Academy and China Ship
Scientific Research Centre. In addition to these pioneering companies,
CSIC also has many specialised companies in different business sectors
such as China Shipbuilding & Offshore International Co.,Ltd.,
China Ship Design & Research Centre Co.,Ltd., CSIC Finance Co.,Ltd.
CSIC Technology Investment Development Co., Ltd. and China Shipbuilding
Industry Equipment & Materials Co., Ltd. Recently, China Shipbuilding
Industry Co., Ltd. has been established, aiming to consolidate the
assets of the group's marine equipment manufacturing sector.
In addition to having the largest shipbuilding and shiprepair facilities
in China, CSIC is also the leading player in the research and design
of naval and merchant ships. The group's 28 R&D institutes employ
more than 30,000 engineers.CSIC has eight state-level laboratory
centres,seven state-level enterprise technological centres and 150
With this unrivalled scientific research and development base, CSIC
has a large capability to design, develop and manufacture new products.
It designs, builds and repairs a wide range of ships including tankers,
chemical and product carriers, bulk carriers, containerships, ro-ro
vessels, LPG, LNG and, engineering and offshore vessels. Ships built
by CSIC shipyards have been exported to over 60 countries and regions
around the world. Currently, the annual shipbuilding capacity of
CSIC is 5 million dwt.
Besides shipbuilding and shiprepairing, CSIC is also a major marine
engine and equipment manufacturer in China covering a full range
of marine products. These products include high, medium and low-speed
marine diesel engines, auxiliary engines, electronic instruments
and military equipment. The technology of these products combines
CSIC'S innovation with technology transfers from famous international
manufacturers in their field.
CSIC's product range extends beyond the maritime industries and
into the realm of designing and manufacturing large turnkey equipment
It has developed and produced hundreds of non-marine products that
are used in more than 20 industries and sectors such as aerospace,
hydro-power, metallurgy, petrochemicals, tobacco, railways, automotive
and city construction. Like its ships and marine equipment products,
these non-marine products are also exported worldwide.
The main business areas of CSIC include:
- asset management for the group and its subsidiaries;
- domestic and overseas investment and financing;
- researching, developing and producing military products with a
strong focus on naval ships;
- designing, building and repairing merchant ships;
- designing and manufacturing marine equipment and non-marine products
for both domestic and overseas markets;
- various forms of beneficial economic and technological cooperation;
- turnkey project contracting and labour supply;
- manufacturing products under overseas licences and technology
- construction and installation as well as carrying out other businesses
under the state authorisation and appointment.
CSIC has a very clear strategic objective to achieve. It intends
to be China's leading provider of naval ships and related equipment
and systems as well as becoming the leading force in the Chinese
shipbuilding industry, and to be a world-class global shipbuilder.