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== Work, Import or Export, and Corporate Progress ==
== Work, Import or Export, and Corporate Progress ==
Norinco's many plants established all over inland China and the urban coast, manufacture, produce, then market, export, or sell many quantities of cost-effective, reliable [[Type 56]] [[Assault Rifles]] to many [[Third World]] nations worldwide. Ammunition production rates soar overnight, every single day. This tycoon in Norinco's big firearms monopoly on a global scale, gives the gargantuan conglomerate of military & civil firms much quick and collective revenue, which all resorts to the welfare of the [[PRC]]'s effecitve regional governments. So much money is made on this military business, that many factory-workers in China all state that this is the absolute job for them, in life. In additions to other military & civilian firearms, armored vehicles and carriers are produced daily by decently-payed workers or non-profit laborers.
Norinco's many plants established all over inland China and the urban coast, manufacture, produce, then market, export, or sell many quantities of cost-effective, reliable [[Type 56]] [[Assault Rifles]] to many [[Third World]] nations worldwide. This gives Norinco a significant global reach, and the various military & civil firms much quick and collective revenue, which all resorts to the welfare of the [[PRC]]'s effecitve regional governments. In additions to other military & civilian firearms, armored vehicles and carriers are produced daily by paid or non-profit laborers.


The company, like a normal incorporated faction, has many financial departments, that manage certain fields to keep the systematic business on its potential feet. All over Eastern China, this firm stabilizes the weapons manufacturing and importation industry. Norinco has instituted its corporate offices in [[Hong Kong]], where the profits and accounting is made, and financial work sets in, while in other major cities along the coast, all the way right into the far north, plants & factories speed their productive laboriousness to steam the growth of the Chinese war machine.
The company, like a normal incorporated faction, has many financial departments, that manage certain fields to keep the systematic business on its feet. All over Eastern China, this firm stabilizes the weapons manufacturing and importation industry. Norinco has instituted its corporate offices in [[Hong Kong]], where the profits and accounting is made, and financial work sets in, while in other major cities along the coast, spanning to the far north, numerous plants & factories are cropping up.


The civilian contracts conveiniently met by Norinco's standards, usually involve foreign construction porgrams to date. These contracts provided by and for the firm, of course by the PRC itself, can be approved or turned down by foreign governments offered this international tribute. Before these programs could be created, or even dealt with, foreign relations in Beijing have to consulted first at hand by a corporate ambassador representing the entire firm and its financial objectives in the market of today.
The civilian contracts conveiniently met by Norinco's standards, usually involve foreign construction porgrams to date. These contracts provided by and for the firm, can be approved or turned down by foreign governments offered this international tribute. Before these programs could be created,, foreign relations in Beijing have to consulted first at hand by a corporate ambassador representing the entire firm and its financial objectives in the market of today.


Now that [[COSTIND]] and the other companies or private factions owned and surpassed by Norinco's group of financial clients, its ingenuine work force is autonomously independant, with the exceptions of the PRC's government. They earn annual revenue is funded for by the government, since it is a government-controlled firm. Norinco is predicted to be a very large industrial conglomerate of multinational corporations situated in [[Asia]], if mass globalization took place in the world community, and the notion of countries were sealed away from history.
Now that [[COSTIND]] and the other companies or private factions owned and surpassed by Norinco's group of financial clients, its work force is autonomously independant. The annual revenue is funded for by the government, since it is a government-controlled firm. Norinco is predicted to be a very large industrial conglomerate of multinational corporations situated in [[Asia]] in the future.


==Current Projects==
==Current Projects==

Revision as of 16:16, 10 October 2009

China North Industries Corporation (NORINCO)
Company typePrivate
Industryengineering, contracting, automobiles, firearms
Founded1980
Headquarters
China Beijing
,
China
Area served
Worldwide
RevenueDecreaseRMB 1037,40000 (Jan-08)[1]
DecreaseRMB -25,20000 (Jan-08)[1]
DecreaseRMB -46,40000 (Jan-08)[1]
Total assetsDecreaseRMB 1123,700000 (Jan-08)[2]
Number of employees
456,000[3]
Websitehttp://www.norinco.com

The China North Industries Corporation (Chinese: 北方工业 or 北方工業; pinyin: Běifāng Gōngyè; lit. 'North Industries'), official English name Norinco, manufactures vehicles (trucks, cars and motorcycles), machinery, optical-electronic products, oil field equipment, chemicals, light industrial products, explosives and blast materials, civil and military firearms and ammunition, etc. Norinco is also involved in domestic civil construction projects.

Norinco is also known outside of China for its high-tech defense products, some of which are adaptations of Soviet equipment. Norinco produces precision strike systems, amphibious assault weapons and equipment, long-range suppression weapon systems, anti-aircraft & anti-missile systems, information & night vision products, high-effect destruction systems,[4] fuel air bombs, anti-terrorism & anti-riot equipment and small arms.

History

Norinco was established in 1980 with the approval of the State Council of China, and is overseen by the Commission of Science, Technology and Industry for National Defense (COSTIND). According to the congressional testimony of Gary Milhollin of the Wisconsin Project on Nuclear Arms Control in 1997, Norinco subsidiaries in the U.S. include: Beta Chemical, Beta First, Beta Lighting, Beta Unitex, China Sports (California), Forte Lighting, Larin, NIC International (New Jersey).[5]

Controversies in the United States

Importations of most Norinco firearms and ammunition into the United States were blocked during the Clinton Administration in 1993 under new trade rules when China's Most Favored Nation status was renewed. Concerns about their use by criminals in inner cities was the reason put forward for the prohibition. The prohibition did not apply to sporting shotguns or shotgun ammunition however.

In 1994, some employees of Norinco came under federal investigation from both the FBI as well as the BATF after a successful sting dubbed "Operation Dragon Fire." In May 1996, in what was called "the largest seizure of fully operational automatic weapons in U.S. history,"[6] 14 individuals and an Atlanta, Georgia company were indicted for the unlicensed importation and sale of 2,000 Type 56's into the United States. U.S. Customs agents posing as arms traffickers convinced a group of Chinese arms dealers, including three Norinco representatives, that they were in the market to buy guns for drug rings and street gangs.[7] "The defendants offered the government undercover agents more sophisticated weapons, including hand-held rocket launchers, mortars, anti-aircraft missiles, silenced machine guns and even tanks," said Wayne Yamashita of the U.S. Customs Service.[8] The Customs Service discovered during the investigation that these weapons were bound for Oakland, California street gangs.[9] According to an affidavit signed by two of the undercover agents involved in the investigation, representatives from Norinco offered to sell urban gangs shoulder-held missile launchers capable of downing a large commercial airliner.

In August 2003, the Bush Administration imposed sanctions on Norinco for allegedly selling missile-related goods to Iran.[9] While not formally joining the multinational effort to restrict the proliferation of missiles, China did commit in 2000, not to assist in any way the development by other countries of MTCR-class missile technology. Neither the Chinese government nor Norinco has denied doing business with Iranian companies, although they did deny that it was for missile related purposes at the Shahid Hemmat Industrial Group, Iran's key manufacturer of ballistic and non ballistic missiles.[10] Norinco has called the sanctions "groundless and unjustified" and "entirely unreasonable."[11]

These sanctions led to a prohibition on imports into the US of the remaining types of firearms and ammunition not covered by the 1993 ban.


Work, Import or Export, and Corporate Progress

Norinco's many plants established all over inland China and the urban coast, manufacture, produce, then market, export, or sell many quantities of cost-effective, reliable Type 56 Assault Rifles to many Third World nations worldwide. This gives Norinco a significant global reach, and the various military & civil firms much quick and collective revenue, which all resorts to the welfare of the PRC's effecitve regional governments. In additions to other military & civilian firearms, armored vehicles and carriers are produced daily by paid or non-profit laborers.

The company, like a normal incorporated faction, has many financial departments, that manage certain fields to keep the systematic business on its feet. All over Eastern China, this firm stabilizes the weapons manufacturing and importation industry. Norinco has instituted its corporate offices in Hong Kong, where the profits and accounting is made, and financial work sets in, while in other major cities along the coast, spanning to the far north, numerous plants & factories are cropping up.

The civilian contracts conveiniently met by Norinco's standards, usually involve foreign construction porgrams to date. These contracts provided by and for the firm, can be approved or turned down by foreign governments offered this international tribute. Before these programs could be created,, foreign relations in Beijing have to consulted first at hand by a corporate ambassador representing the entire firm and its financial objectives in the market of today.

Now that COSTIND and the other companies or private factions owned and surpassed by Norinco's group of financial clients, its work force is autonomously independant. The annual revenue is funded for by the government, since it is a government-controlled firm. Norinco is predicted to be a very large industrial conglomerate of multinational corporations situated in Asia in the future.

Current Projects

In May 2004, Norinco won the contract to build Tehran Subway Line 4 with Tehran Railway Company in Iran. The total amount of this contract is over 800,000,000 (in USD) and is China's biggest international project contract to date. The project is estimated to take up to six years to complete.

Weapons Manufactured by Norinco

References

  1. ^ a b c http://investing.businessweek.com/businessweek/research/stocks/financials/financials.asp?symbol=000065.SZ&dataset=incomeStatement&period=A&currency=native
  2. ^ http://investing.businessweek.com/businessweek/research/stocks/financials/financials.asp?symbol=000065.SZ&dataset=balanceSheet&period=A&currency=native
  3. ^ http://www.globalsecurity.org/military/world/china/norinco.htm
  4. ^ "Norinco Defense." Norinco.com
  5. ^ [1][2]
  6. ^ Anatomy Of A Sting - Time
  7. ^ Court TV Library
  8. ^ CNN - Feds seize 'incredible arsenal' - May 23, 1996
  9. ^ a b Washington Times - Chinese firm hit with U.S. sanctions
  10. ^ [3][4] [5] [6]
  11. ^ [7][8]
  12. ^ AK-47.net: Norinco MAK-90 AK

See also

Official
Others
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