CNTIC has been taking the role of main channel for import and export of key technologies and complete plants despite profound changes on national economic system and international market since its establishment in 1952.
Entering the new century especially after the strategic restructure of Genertec Group ,CNTIC will give top priority to trade business ;restructure its corporate system; develop innovatively technology trade and project contracting; invest in advanced manufacturing and R&D design consulting related to main businesses at appropriate time ;better its service by perfecting its core competence and speed up the transformation to an international project contractor and project management contractor with the objective of becoming a renowned large international enterprise integrating the trade with engineering projects and industry.
- 21centrury Writing a new Chapter
- Entering into the 21st century and making full use of great opportunity of China's accession to WTO, CNTIC take the initiative to meet the market challenge and begin to blaze new trials. After strategic restructuring in 2002, CNTIC has defined more clearly its strategy, business scope and core competence.
- Having analyzed internal and external business circumstances, CNTIC decided to undertake the strategic transformation to become an international project contractor and project manager by focusing on two core businesses namely key technology and complete plants introduction and international project contracting.
- 1990s Brilliant Achievements
- Since the 1990s, facing the increasingly fierce market competition and the increasing complexity of the operating environment ,CNTIC made continuous efforts to accomplish the transition from a trade organization under the planned economy to a business entity under the market economy. CNTIC innovated its business philosophy, orientation and goals to meet the demand of the market, and steadily improved the management. The company entered into a fast developing period, during which the business focus was diversified operation based on three pillars of "trade, industry, and finance”. Import and export business and other diversified operations became the main scope and economic return became the primary goal for the company.
- 1980s Speeding up Development
- CNTIC took the initiatives to accelerate the pace of introducing advanced technologies and complete plants in all-round way. With China’s reform stepping into a new historic period, CNTIC grasped new opportunities to use the loans from foreign governments, World Bank and international financial institutions for import business which diversified business scope and scale. It was also in this period that our export business was launched with good economic return. Export of technologies, complete plants and high value-added mechanical products has been the main characteristic of the company. CNTIC was listed the fifth place among china’s 500 biggest foreign trade companies in 1990.
- 1970s Making Progress
- CNTIC imported a batch of complete plants and single equipment with mature advanced technology that helped improve China’s industrial technology and fill in the gap in some key technologies and equipments. During this period ,CNTIC imported equipments for 367 projects, including the large-scaled fertilizer equipment, the large scale chemical fiber equipment, and petrol-chemical equipment, data process equipment, power generation equipment, coal mining equipment and oxygen generating plant etc.
- 1960s Taking On the Responsibilities
- CNTIC successfully introduced many technologies and complete plants from Japan and Western Germany even when China was under the restriction and embargo from former Soviet Union and the United States. CNTIC, working with the industry departments signed contract with Japan for the first unit of vinylon equipment in June,1963 and imported later technologies and equipments for 84 projects covering the areas of petrochemical, metallurgy, mining, electronics and precision machinery and from ten countries including Japan and the countries in Western Europe that boosted China’s industry production capability.
- 1950s Laying the Foundations
- CNTIC introduced technologies and complete plants for the famous “156 projects” since its founding in September of 1952, which accelerated recovery and development of national economy and laid solid foundation for the industries especially heavy industry of new China.