COFCO (; full name: China Oil and Foodstuffs Corporation) is a Chinese

state-owned State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public owner ...

food processing Food processing is the transformation of agricultural products into food, or of one form of food into other forms. Food processing includes many forms of processing foods, from grinding grain to make raw flour to home cooking to complex industr ...

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

. COFCO Group is China's largest food processor, manufacturer and trader. It is also one of Asia's leading

agribusiness Agribusiness is the industry, enterprises, and the field of study of value chains in agriculture and in the bio-economy, in which case it is also called bio-business or bio-enterprise. The primary goal of agribusiness is to maximize profit w ...

groups alongside

Wilmar International Wilmar International Limited (); is a Singaporean food processing and investment holding company with more than 300 subsidiary companies. Founded in 1991, it is one of Asia's leading agribusiness groups alongside the COFCO Group. It ranks amon ...

. Its headquarters are in the COFCO Fortune Plaza (中粮福临门大厦) in

Chaoyang District, Beijing Chaoyang District () is a core district of Beijing. It borders the districts of Shunyi to the northeast, Tongzhou to the east and southeast, Daxing to the south, Fengtai to the southwest, Dongcheng, Xicheng and Haidian to the west, and ...

Background

Founded in 1949, it is one of the largest

SOE SOE may refer to: Organizations * State-owned enterprise * Special Operations Executive, a British World War II clandestine sabotage and resistance organisation ** Special Operations Executive in the Netherlands, or Englandspiel * Society of Opera ...

s 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 A warehouse is a building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the outskirts of cities, ...

transportation Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land ( rail and road), water, cable, pipel ...

port A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a sea coast or estuary, ports can also be found far inland, such as ...

facilities,

hotels A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a ref ...

and

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more genera ...

. It is one of the top 500 enterprises chosen by US's Fortune Magazine.Global 500 398. COFCO
/ref> COFCO has four companies listed in Hong Kong, namely, China Foods (), China Agri-Industries Holdings (), Mengniu Dairy (), and COFCO Packaging Holdings () and three companies listed in mainland China, namely, COFCO Tunhe (), COFCO Property (), and BBCA (). 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 listed subsidiary of COFCO Group

Equity investments

* UBS Securities (14%) * Mengniu Dairy (31.25%) as of December 2019

References

External links

COFCO
{{authority control Food and drink companies established in 1952 Government-owned companies of China Food manufacturers of China Trading companies of China 1952 establishments in China Chinese brands de:COFCO