Norinco

Source: Wikipedia, the free encyclopedia.
China North Industries Group Corporation
RevenueIncrease US$82.6 billion[2] (2023)
Increase US$ 1.7 billion[2] (2023)
Number of employees
216,339 (2023)
Websiteen.norincogroup.com.cn Edit this at Wikidata
China North Industries Group Corporation Limited
Hanyu Pinyin
Běifāng Gōngyè

China North Industries Group Corporation Limited,

defense corporation that manufactures commercial and military products. Norinco Group is one of the world's largest defense contractors.[5][6]

The company's subsidiary, China North Industries Corporation (Chinese: 中国北方工业有限公司[7]), or simply Norinco,[8] markets Norinco Group's products internationally, and is also involved in domestic civil construction and military defense projects.[9][10]

Some of Norinco's international customers include Pakistan, Zimbabwe, and the Democratic Republic of the Congo, where it negotiated arms-for-minerals deals, as well as Venezuela.[11][12]

History

Established in 1980 with the approval of the State Council of the People's Republic of China, Norinco is an enterprise group engaged in both products and capital operation, integrated with research and development, manufacturing, marketing and services. Norinco mainly deals with defense products, petroleum & mineral resources development, international engineering contracting, optronic products, civilian explosives and chemical products, sporting arms and equipment, vehicles and logistics operation, etc.

U.S. sanctions

Further information: United States sanctions against China

In 1993, the import of most Norinco firearms and ammunition into the United States was blocked under new trade rules when China's

fully automatic Chinese-made variants of AK-47s to undercover agents the officials believed may have been connected to the mafia. At least one official, Hammond Ku, attempted to sell Chinese-produced tanks and rocket launchers to the undercover agents.[13][14]

In August 2003, the Bush administration imposed sanctions on Norinco for allegedly selling missile-related goods to Iran.[15] 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.[16]

In November 2020, Donald Trump issued an executive order prohibiting any American company or individual from owning shares in companies that the United States Department of Defense has listed as having links to the People's Liberation Army, which included Norinco Group.[17][18][19] In June 2021, Joe Biden issued Executive Order 14032 expanding the scope of the national emergency declared in order 13959.[20]

Russian invasion of Ukraine

Further information: China and the Russian invasion of Ukraine

In March 2023, Politico reported that Norinco shipped assault rifles, drone parts, and body armor to Russia between June and December 2022.[21]

See also

References

  1. ^ Norinco Group. "Leadership - Norinco Group". Archived from the original on 2019-09-06. Retrieved 2020-04-03.
  2. ^ a b "China North Industries Group | 2022 Global 500". Fortune. Retrieved 20 August 2023.
  3. ^ "Home-NORINCO GROUP Brief of NORINCO GROUP". en.norincogroup.com.cn. Retrieved 2022-10-04.
  4. ^ "中国兵器工业集团有限公司 集团简介". www.norincogroup.com.cn. Retrieved 2022-10-04.
  5. ^ "China's NORINCO, AVIC Among Top 10 Defense Companies Worldwide; SIPRI". www.defenseworld.net. Archived from the original on 2018-06-12. Retrieved 2018-05-17.
  6. ^ "CHINA NORTH INDUSTRIES CORPORATION (NORINCO) - Italian Aerospace Network". www.itaerospacenetwork.it. Archived from the original on 2019-06-15. Retrieved 2018-05-17.
  7. ^ "中国北方工业有限公司 公司简介". www.norinco.com. Retrieved 2022-01-24.
  8. ^ "NORINCO About NORINCO". en.norinco.cn. Retrieved 2022-01-24.
  9. ^ "DEFENSE PRODUCTS--北方工业". www.norinco.com. Archived from the original on 2018-05-11. Retrieved 2018-05-17.
  10. ^ "NORINCO (Company) Aircraft List". Archived from the original on 2018-08-05. Retrieved 2018-05-17.
  11. ^ The New York Times (December 23, 2017). "The Anti-Protest Gear Used in Venezuela". YouTube. Archived from the original on August 5, 2018. Retrieved June 17, 2018.
  12. ^ Chinea, Eyanir; Gupta, Girish (June 11, 2017). Cooney, Peter (ed.). "Venezuela Maduro says children used in protest violence, will write to pope". Reuters. Archived from the original on June 18, 2018. Retrieved June 17, 2018. Another opposition leader, Henrique Capriles, said recently that 150 armored vehicles bought from Chinese defense conglomerate China North Industries Group Corp, or Norinco, had arrived at Venezuela's Puerto Cabello and were expected to be quickly transported to Caracas for what he called "repression". A document seen by Reuters on Sunday showed that Norinco recently shipped 165 vehicles to Venezuela.
  13. ^ Serrill, Michael (24 June 2001). "Anatomy of a Sting". Time. Time Magazine. Archived from the original on 22 April 2019.
  14. ^ Ostrow, Ronald (24 May 1996). "U.S. Agents Say Chinese Tanks, Rockets Offered". LA Times. Archived from the original on 22 April 2019. Retrieved 22 April 2019.
  15. ^ "BBC NEWS - Business - US punishes firms in Iran and China". 2003-05-23. Archived from the original on 3 March 2008. Retrieved 11 January 2017.
  16. ^ "China". Archived from the original on 21 January 2017. Retrieved 11 January 2017.
  17. ^ Chen, Shawna (November 12, 2020). "Trump bans Americans from investing in 31 companies with links to Chinese military". Axios. Retrieved November 12, 2020.
  18. ^ Pamuk, Humeyra; Alper, Alexandra; Ali, Idrees (2020-11-12). "Trump bans U.S. investments in firms linked to Chinese military". Reuters. Retrieved 2020-11-12.
  19. ISSN 0362-4331
    . Retrieved 2020-11-13.
  20. ^ "Executive Order on Addressing the Threat from Securities Investments that Finance Certain Companies of the People's Republic of China". The White House. 2021-06-03. Archived from the original on 2021-06-07. Retrieved 2021-06-05.
  21. ^ Banco, Eric; Aarup, Sarah Anne (16 March 2023). "'Hunting rifles' — really? China ships assault weapons and body armor to Russia". Politico. Retrieved 2023-03-17.

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Norinco&oldid=1219343650"