China International Marine Containers
| Company type | Joint stock limited company |
|---|---|
| Industry | Transportation equipment manufacturing |
| Predecessor | China International Marine Containers Co., Ltd |
| Founded | January 14, 1980 in Shenzhen, China |
| Headquarters | Shenzhen , China |
Area served | Worldwide |
| Products | Intermodal containers, road vehicles, airport ground support machinery, real estate ventures |
| Owner | China Merchants Group (25.54%), COSCO (22.75%) |
| Website | www |
China International Marine Containers (Group) Co., Ltd (CIMC; ) is a Chinese enterprise focused on producing and marketing transportation equipment, such as intermodal containers, road vehicles, and airport ground support machinery.
Previously included in the SZSE 100 Index, CIMC was removed in January 2017. By mid-2017, it became part of the SZSE 200 Index, which features mid-cap companies ranked between 101st and 300th.
Corporate History
Established on 14 January 1980 in Shenzhen under the name China International Marine Containers Co., Ltd. (), the company transformed into a joint stock limited company in December 1992. It launched its initial public offering with A and B shares on the Shenzhen Stock Exchange in 1994 and adopted its current corporate title in 1995. In 2003, its American branch, Vanguard National Trailer Corp., grew through acquiring Monon.
Business Operations
The container segment of CIMC manufactures various types including dry cargo containers, refrigerated units, and specialized containers. The firm also produces road transport vehicles such as logistics trucks, tanker trailers, and construction machinery. Furthermore, CIMC designs and manufactures airport equipment like passenger boarding bridges and cargo handling systems. Headquartered in Shenzhen, Guangdong Province, the company also engages in real estate ventures through its subsidiaries.
Holding more than 40% of the global container market share and commanding 56% of the dry marine container sector, CIMC has maintained its position as the world’s largest container producer since 1996. Operating twelve manufacturing facilities across South, East, and North China, it supplies dry vans, reefers, tank containers, and specialized containers to top shipping lines and leasing firms.
In 2013, CIMC entered the emergency vehicle market by acquiring Ziegler, a German fire apparatus manufacturer, along with its subsidiary Visser B.V., which specializes in ambulances and defense vehicle interiors.
Additionally, CIMC owns Yantai CIMC Raffles Shipyard located in Yantai, China.
CIMC’s A shares were first listed on the Shenzhen Stock Exchange on 8 April 1994. On 19 December 2012, it converted its B shares into H shares and introduced these on the Hong Kong Stock Exchange Main Board—becoming the first Chinese company to accomplish this.
According to the 2013 Annual Report, China Merchants Group holds a 25.54% stake in CIMC while COSCO owns 22.75%.
Other container manufacturers
References