COFCO Group
 | |
| State-owned enterprise | |
| Industry | Food processing |
| Founded | 1949 |
| Headquarters | Beijing, China |
Area served | Worldwide |
Key people | Zhao Shuanglian (赵双连) (Chairman) |
| Subsidiaries |
China Foods Limited China Agri-Industries Holdings Limited |
| Website | COFCO |
COFCO (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), full name China National Cereals, Oils and Foodstuffs Corporation, is one of China's state-owned food processing holding companies. COFCO Group is China's largest food processing, manufacturer and trader.[1]
Founded in 1952, it is one of the largest SOEs of the 49 directly administrated by China's State Council. 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 the US, UK, Japan, Australia, and Canada.
Besides the foodstuff business, COFCO has developed itself into a diversified conglomerate, involving planting, cultivation, food-processing, finance, warehouse, transportation, port facilities, hotels and real estate.[2][3] It is one of the top 500 enterprises chosen by US's Fortune Magazine.[4]
COFCO has four companies listed in Hong Kong, namely, China Foods (SEHK: 00506), China Agri-Industries Holdings (SEHK: 00606), Mengniu Dairy (SEHK: 02319), and COFCO Packaging Holdings (SEHK: 00906) 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
- China Foods Limited, a listed subsidiary of COFCO Group
- China Agri-Industries Holdings Limited, a list subsidiary of COFCO Group
Equity investments
- UBS Securities (14%)
