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

state-owned State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to ...

food processing Food processing is the transformation of agricultural products into food, or of one form of food into other forms. Food processing takes many forms, from grinding grain into raw flour, home cooking, and complex industrial methods used in the mak ...

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

. 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 ...

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 amongs ...

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

Chaoyang District, Beijing Chaoyang District () is an urban list of administrative divisions of Beijing, district of Beijing. It borders the districts of Shunyi, Beijing, Shunyi to the northeast, Tongzhou, Beijing, Tongzhou to the east and southeast, Daxing, Beijing, Daxin ...

Background

Founded in 1949, it is one of the largest SOEs of those under the direct supervision of the

SASAC The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the State Council of the People's Republic of China. It was founded in 2003 through the consolidation of various other indus ...

. 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 Sowing is the process of planting seeds. An area that has had seeds planted in it will be described as a sowed or sown area. Plants which are usually sown Among the major field crops, oats, wheat, and rye are sown, grasses and legumes are ...

, cultivation, food-processing,

finance Finance refers to monetary resources and to the study and Academic discipline, discipline of money, currency, assets and Liability (financial accounting), liabilities. As a subject of study, is a field of Business administration, Business Admin ...

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 rural–urban fringe, out ...

transportation Transport (in British English) or transportation (in American English) is the intentional Motion, movement of humans, animals, and cargo, goods from one location to another. Mode of transport, Modes of transport include aviation, air, land tr ...

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 Hamburg, Manch ...

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 refr ...

and real estate. It is one of the top 500 enterprises chosen by US's

Fortune Magazine ''Fortune'' (stylized in all caps) is an American global business magazine headquartered in New York City. It is published by Fortune Media Group Holdings, a global business media company. The publication was founded by Henry Luce in 1929. T ...

.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 Inner Mongolia Mengniu Dairy (Group) Limited by Share Ltd. () is a Chinese manufacturing and distribution company of dairy products and ice cream. The company is headquartered in Hohhot, Inner Mongolia and manufactures dairy products under the '' ...

, 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 the COFCO Group * China Agri-Industries Holdings Limited, a listed subsidiary of COFCO Group *COFCO Oils & Oilseeds: a subsidiary of COFCO Group *COFCO Wines & Spirits: a subsidiary of COFCO Group that specializes in the alcohol business *COFCO Coca-Cola: A joint venture between COFCO and

The Coca-Cola Company The Coca-Cola Company is an American multinational corporation founded in 1892. It manufactures, sells and markets soft drinks including Coca-Cola, other non-alcoholic beverage concentrates and syrups, and alcoholic beverages. Its stock is lis ...

to manufacture and distribute Coca-Cola branded products in 19 provinces and municipalities in China. *China Tea Co., Ltd. * Chinatex Corporation
COFCO Engineering Equipment (Zhangjiakou) Co., Ltd.

Equity investments

* UBS Securities (14%) *

Mengniu Dairy Inner Mongolia Mengniu Dairy (Group) Limited by Share Ltd. () is a Chinese manufacturing and distribution company of dairy products and ice cream. The company is headquartered in Hohhot, Inner Mongolia and manufactures dairy products under the '' ...

(31.25%) as of December 2019

References

External links

COFCOCHINATEA
{{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 1949 in Beijing de:COFCO