about shmg
the construction of shenyang heavy machinery group co., ltd. (former shenyang heavy machinery factory) began in 1937. it was the first heavy machinery manufacturer of the new born people’s republic of china 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 export company; shenyang heavy machinery of metallurgy 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 assets reorganization, it is changing from a production operation type company to a capital operation type company.
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 china great wall asset management corporation. it is a legal entity which has autonomy in management assumes sole responsibility for its profits 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 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 60,000 tons of machinery products.