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China Grains & Logistics Corporation Beiliang Co., Ltd. (former Dalian Beiliang Co., Ltd.) was established in July 1993, with a registered capital of RMB 420 million yuan. Its total assets exceeded RMB 4.3 billion yuan by the end of 2007.
The past 15 years witnessed the extraordinary achievements of Beiliang Company. The consummate completion of large-scale bulk grain transit facilities, utilizing the World Bank loan, as well as national grain reserve depot became landmarks in Beiliang's history. After years of endeavor, Beiliang has distinguished itself as a leading enterprise engaging in grain logistics in China.
The 4 deep-water bulk grain berths, among which the largest one is adequate for Panamax carrier up to 80,000 DWT, have annual throughput capacity of 12 million tons in total. Approximately 1.5 million tons of grain can be stored in the silo blocks at one time. 2400 company-owned L18 bulk railcars together with other state-of-the-art equipments ensure the high efficiency of intermodal transportation. A total of 8.18 million tons of grains were handled in 2007, up 5.4% over the same period last year.
In accordance with the strategic decision from the State Council, China Grains & Logistics Corporation (CGLC), a newly established state-owned enterprise which is responsible to operate and administer grain transit projects utilizing the World Bank loan nationwide, became Beiliang's holding company in December 2006. This reform presented Beiliang new opportunities to accelerate development in the future.
Under the guidance and support from governments at all levels, Beiliang Company will play an increasingly important role in CGLC's logistics system, so as to make further contribution to the rapid and coordinated development of national grain industry. |