China General Technology (Group) Holding Co Ltd: A Look to the Future.
China General Technology (Group) Holding Co Ltd (Genertec) was established in 1998 and is a leading state-owned enterprise under the direct management of the central government of China. In December 2018, the corporation was approved as a pilot state enterprise capable of implementing state capital investment projects.
Genertec's Core Areas of Activity
Advanced Manufacturing and Technical Services
Genertec plays an active role in the strategy of "strengthening the nation through manufacturing," focusing on the development of advanced CNC machine tools.
The corporation has achieved significant milestones in the field of machine tool manufacturing, including the establishment of a research center for equipment digitalization innovations and a strategic alliance for technological innovation in CNC machine tools. Today, Genertec is a leading enterprise offering a wide range of products and services for key industrial sectors.
Medicine and Healthcare
Genertec actively supports the "Healthy China 2030" strategy and the national strategy to combat population aging.
The corporation manages 92 pharmaceutical commercial branches and 403 medical institutions, covering 30 provinces and cities across the country. Genertec plays a vital role in pandemic prevention and control, as well as in ensuring emergency supplies of medicines and medical equipment. The corporation aims to create a comprehensive healthcare ecosystem, including prevention, treatment, rehabilitation, and elderly care.
Trade and Engineering
Genertec is a key player in the field of introducing advanced technologies and essential equipment.
Over the past 70 years, the corporation has contributed significantly to China's industrialization by introducing advanced technologies worth over USD 340 billion. It actively participates in the construction of the "Belt and Road" initiative and international cooperation in production capacities, promoting Chinese products, technologies, and standards globally.
Development in Central Asia and Other Countries
Genertec is actively expanding its operations in Kazakhstan, Uzbekistan, and Russia. In Kazakhstan, the corporation acquired and merged with the automotive industrial corporation "Allur" and is actively involved in the development of renewable energy sources and large-scale transportation projects.
In Uzbekistan, Genertec has implemented nine railway projects worth USD 500 million and is actively involved in the development of hydropower and agricultural irrigation. In Russia, the corporation maintains close trade relations, executing large industrial projects.
Future Strategy
Looking ahead, Genertec aims to become a world-class enterprise with global competitiveness. The corporation will continue its mission to improve lives through advanced technologies and high-quality services, adhering to its core values of honesty, openness, innovation, business practicality, excellence, and mutual benefit.
Genertec plans to further develop its business in Central Asia and other regions, leveraging its international business resources to create a first-class international brand with strong competitiveness. The corporation hopes to deepen cooperation with Central Asian countries and achieve more significant results for mutual prosperity.
With a rich history and significant achievements in various industries, Genertec confidently looks to the future. The corporation continues to develop and implement advanced technologies, expanding its influence and contributing significantly to industrialization and international cooperation. Genertec strives to create better living and healthcare conditions, making it one of the key players in the global market.
