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Established in July 1999, China Shipbuilding Industry Corporation (CSIC) is a major state-owned enterprise group and one of China's largest shipbuilding and shiprepairing groups. It has 46 industrial subsidiaries and 28 R&D institutes.

CSIC is an entity directly under the state government with state authorisation for investment and capital management. The group has a total asset base of USD 27.54 billion and a workforce of 140,000.

The CSIC group includes a number of well-known shipyards, diesel engine manufacturers and research institutes. Among these are the Dalian Shipbuilding Industry Co., Ltd., Bohai Shipbuilding Heavy Industry Co., Ltd., Wuchang Shipyard, Shanhaiguan Shipyard, Qingdao Beihai Shipbuilding Heavy Industry Co., Ltd., Dalian Marine Diesel Works, China Ship Research & Development Academy and China Ship Scientific Research Centre. In addition to these pioneering companies, CSIC also has many specialised companies in different business sectors such as China Shipbuilding & Offshore International Co.,Ltd., China Ship Design & Research Centre Co.,Ltd., CSIC Finance Co.,Ltd. CSIC Technology Investment Development Co., Ltd. and China Shipbuilding Industry Equipment & Materials Co., Ltd. Recently, China Shipbuilding Industry Co., Ltd. has been established, aiming to consolidate the assets of the group's marine equipment manufacturing sector.

In addition to having the largest shipbuilding and shiprepair facilities in China, CSIC is also the leading player in the research and design of naval and merchant ships. The group's 28 R&D institutes employ more than 30,000 engineers.CSIC has eight state-level laboratory centres,seven state-level enterprise technological centres and 150 large-scale laboratories.

With this unrivalled scientific research and development base, CSIC has a large capability to design, develop and manufacture new products. It designs, builds and repairs a wide range of ships including tankers, chemical and product carriers, bulk carriers, containerships, ro-ro vessels, LPG, LNG and, engineering and offshore vessels. Ships built by CSIC shipyards have been exported to over 60 countries and regions around the world. Currently, the annual shipbuilding capacity of CSIC is 5 million dwt.

Besides shipbuilding and shiprepairing, CSIC is also a major marine engine and equipment manufacturer in China covering a full range of marine products. These products include high, medium and low-speed marine diesel engines, auxiliary engines, electronic instruments and military equipment. The technology of these products combines CSIC'S innovation with technology transfers from famous international manufacturers in their field.

CSIC's product range extends beyond the maritime industries and into the realm of designing and manufacturing large turnkey equipment It has developed and produced hundreds of non-marine products that are used in more than 20 industries and sectors such as aerospace, hydro-power, metallurgy, petrochemicals, tobacco, railways, automotive and city construction. Like its ships and marine equipment products, these non-marine products are also exported worldwide.

The main business areas of CSIC include:

- asset management for the group and its subsidiaries;
- domestic and overseas investment and financing;
- researching, developing and producing military products with a strong focus on naval ships;
- designing, building and repairing merchant ships;
- designing and manufacturing marine equipment and non-marine products for both domestic and overseas markets;
- various forms of beneficial economic and technological cooperation;
- turnkey project contracting and labour supply;
- manufacturing products under overseas licences and technology transfer agreements;
- construction and installation as well as carrying out other businesses under the state authorisation and appointment.

CSIC has a very clear strategic objective to achieve. It intends to be China's leading provider of naval ships and related equipment and systems as well as becoming the leading force in the Chinese shipbuilding industry, and to be a world-class global shipbuilder.

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