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Industry Conglomerate, Manufacturing, Tunneling
According to the company website, "[Shenyang Heavy Machinery Group Co., Ltd.] was the first heavy machinery manufacturer of the new born People’s Republic of China and extolled as the ‘cradle’ of the machinery industry of China. It is one of the large scale key enterprises of Chinese machinery industry. In 1996, it was reorganized as Shenyang Heavy Machinery Group Co., Ltd. (SHMG). SHMG is made up of 11 enterprises: Shenyang Heavy Machinery Co., Ltd.; Shenyang Heavy Machinery Group Co., Ltd., Import and Export Company; Shenyang Heavy Machinery of Metallurgy and Mining Manufacturing Company; Fuyang Man-made Board Co., Ltd; Shendor Wooden Co., Ltd.; Permanent Stainless Steel Tube Manufacturing Co., Ltd.; etc.. After a few years of system change and assets reorganization, it is changing from a production operation type company to a capital operation type company" (Company Website).
Shenyang Heavy Machinery Co., Ltd. is a joint venture of Shenyang Heavy Machinery Group Co., Ltd., China Huarong Asset Management Corporation, Xinda Asset Management Corporation and China Great Wall Asset Management Corporation. It is a legal entity which has autonomy in management and assumes sole responsibility for its profits or losses. It is a subsidiary owned by SHMG. It is a heavy machinery manufacturing enterprise which mainly produces large technological equipment for power plants, metallurgy, steel rolling, forging, mining, cement, man-made board, war industry and environment protection. It has the capability of producing 100,000 tons of steel, 40,000 tons of steel casting, 20,000 tons of forged pieces, 20,000 tons of structural members and 60,000 tons of machinery products" (Company Website).
“[Northern Heavy Industries Group Co., Ltd.] is a large-scale and state-owned company which is incorporated by Shenyang Heavy Machinery Group Co, Ltd. and Shenyang Mining Machinery Group Co., Ltd" (Company Profile).
"NHI is a transnational, large-scale backbone enterprise in the field of equipment manufacturing industry of our country. In 2008, NHI becomes one of the top 500 enterprises in both Chinese machinery industry and international machinery industry. NHI is located in Shenyang Economic and Technology Development Zone with total asset value of 12.7 billion yuan, covering an area of 1.3 million m², more than 10800 employees."
"Its main products are tunnel engineering equipment, power equipment, building material equipment, metallurgy equipment, mining equipment, coal machinery, bulk material handling and conveying equipment, environmental protection equipment, forging equipment, construction machinery and transmission machinery, total about 500 types and 7000 models. Some products are exported to more than 80 countries and regions in the world" (Company Profile).
NHI tunneling projects in Iran, Mashad and Ahvaz metros (Iran Project website).
In 2007, Northern Heavy Industries Group Co., Ltd. (NHI), a Chinese state-owned corporation, “acquired a controlling stake of 70 percent of France's NFM, a wholly-owned subsidiary of Germany's Wirth Group” (Sina English, “China's Northern Heavy Industries acquires controlling stake of France's NFM,” August 28, 2007).
NHI-owned NFM Technologies, a mechanical engineering company and leading tunnel-boring machine manufacturer, does business in Iran and has been involved in a number of tunneling projects. NFM is also listed on the IBR.
• NFM representative in Iran (NFM Company Website)
• NFM project in Iran, Shiraz Metro Project (Iran Project Website)
With the acquisition of NFM technologies, NHI specializes in the manufacture of tunnel-boring machines. ("NHI-Shenyang Heavy Machinery Group Tunnel Boring Machine Company," Chinese business website)