NORINCO

China North Industries Corporation (NORINCO) is the major role in the international operations of the nation's arms industry, the pioneer in high-quality joint development of the "Belt and Road" initiative, and an important team for implementing the Chinese national "going global" strategy. Since it was founded 40 years ago, NORINCO has always been guided by serving national defense and security as well as economic and social development. By cultivating both international and domestic markets and utilizing both international and domestic resources, the company has built an overseas business network. NORINCO actively carries out exploration, development, production and trade of overseas petroleum and mineral resources. It has constructed and operated flagship projects in countries along the Belt and Road such as the East Baghdad Oil Field in Iraq, and the Copper-Cobalt Ore Project in the Democratic Republic of the Congo. NORINCO continuously cultivates international engineering and specialized civilian products. It has yielded notable results in promoting international cooperation on production capacity and driving China's equipment and technology to "go global". In 2024, NORINCO reported a sales revenue of RMB 219 billion and a total overseas investment amount of more than USD 23 billion. The company has established economic and trade relationships in more than 130 countries.