Shanghai Machinery Imp. & exp. (Group) Corp., Ltd., a great transregional, transtrade and multi-functional enterprise integrating technology, industry and trade, with import and export as the main, into a whole, was restructured from Shanghai Machinery Imp. & Exp. Corp. Shanghai SMIEC Group now consists of 12 domestic and 26 overseas holding companies and 56 share-participation & joint ventures. Its broad customer network covers 5 continents of the world, including over 4,000 clients. In 1996, the import and export amount of the Corp. reached as much as USD 435 million.
The main products imported and exported by this Group Corp. are different types of ships, cars, large-sized machinery & equipments, complete plants, machinery, instruments & meters, electronic components, electric products, household electric appliances, hand tools, agricultural implements, power tools, measuring tools and ferrous & nonferrous metals as well as packing materials. And production based on buyers' drawings or samples, processing with buyers' materials, assembling with buyers'parts and compensation trade are also acceptable.
The Group Corp. has 11 subsidiary companies -- Ships Co., Technology, Complete Plants & Engineering Co., Mechanical & Electrical Products Co., Electronics & Instruments Co., Tools Co., Trade Development Co., Pudong Co., Shanghai Shendong Industrial Co., Trade Promotion Co., Industrial Co., International Warehousing & Transport Co. and as well as a training institute of foreign economic relations and trade.