China Railway Materials Company Limited (CRM) was reconstructed from China Railway Materials Commercial Corporate (CRMCC), the former Materials Administration Bureau of Ministry of Railways (MOR), with the approval of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC).
CRM is an ultra-large supply chain services provider focusing on serving customers in the markets of railway materials, steel products and minerals in China. Capitalizing on the large scale of operations, wide range of product portfolio and extensive sales, marketing and logistics network, CRM has obtained leading position in China through its operations under two principal business segments, namely, railway supply chain services segment and steel supply chain integrated services segment.
Headquartered in Beijing, CRM has established over 1,00 subsidiaries in Mainland China, Hong Kong, the United States, and Australia. The company was ranked 430th among the Fortune Global 500 companies in 2010, 53rd among the Top 500 Chinese Enterprises in 2011, and 24th among the Top 500 Chinese Enterprises in service industry in 2011. According to Top 100 Steel Traders in China 2011 jointly issued by “My Steel”, a website which provides information regarding the steel industry in China, and Huaxia D&B, it ranked first among the top 100 steel traders in China in terms of comprehensive strength, taking into consideration sales of steel products used in both railway and non-railway industries.
CRM provides railway materials supply chain services including procurement, supply, quality control, inventory management, logistics, processing and information management in respect of railway materials such as railway diesel products, steel rails, key components of rail vehicles and steel and cement for railway construction, to serve the key sectors of the railway industry in China, namely, railway operations, rail vehicle production and railway construction. It also manufactures and sells railway sleepers and cement products.
CRM is among the early batch of “going global” enterprises in domestic railway enterprises. Since the 1980s, it has been sourcing the railway transportation production facilities including steel rails, diesel, wheels, electromechanical equipment, accessories for locomotives, steel, cement, and timber, and cooperating with financial institutions such as the World Bank and the Asian Development Bank to conduct bidding on railway materials. Currently, it has eight overseas companies in Hong Kong, the United States, Australia, Sierra Leone, and Laos. Its main business includes railway material integration services, import and export of locomotive and car parts, equipment leasing, commodity trading, and logistics, covering more than 20 countries and regions.
In face of the opportunities taken by the Belt and Road Initiative, CRM actively expanded its overseas markets and obtained orders from the Laos, Malaysia, Bangladesh, and Iran. In the next 10 years, CRM will accelerate its construction into an international production service group, and better serve for the economic development.