China National Forest Products Company Limited (here in after referred to as CFPC) was established in July 1979. CFPC was originally an enterprise directly under the control of the State Forestry Bureau, but is now one of the subsidiaries of China Forestry Group Corporation supervised by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC). The company's core business is securing overseas forest resources, importing and exporting timber, forest products, paper and paper products, coal, rubber and providing storage and logistics services. CFPC’s Beijing headquarter owns more than 30 wholly-owned subsidiaries and holding companies, among which there are 9 enterprises abroad. At the end of 2018, CFPC had 58.9 billion in assets with an annual sales revenue of 88.3 billion.
CFPC plays an important role in the linkage of timber production and sales and has served as the national timber trade managing company for a long time. The business has strategically transformed to align with the deepening of the national economic system reform, adapting by gradually developing a trade pattern combining industry and trade, mainly through timber sales, but also through the sale of pulp, coal and rubber.
Across many fields, we have shown our advantage and influence. In recent years, the timber import business has grown rapidly with production and processing bases in New Zealand and Russia. We maintain good cooperating relationships with various timber production and operation enterprises overseas; Rugao port in Jiangsu, Xinminzhou Port in Zhenjiang, Suqian port in Jiangsu and Shandong Rizhao Lingang International Logistic Co.,Ltd. CFPC’s strong supply chain has strategic geographic and logistical advantages with wood processing facilities, material storage and international freight forwarding to an operating network that covers most provinces across China at more than 20 ports. With a combination of deep economic foundation, impressive sales networks, high quality forestry assets, storage and logistics ability, we are at the top of the timber trading companies. In 2017, CFPC sells imported timber over 30 million cubic meters,becoming the leading company in the forestry field in China. CFPC as the main company which establish and set up a International Investment and Trade Promotion Institution of China Forestry Industry Association. Aiming at assist the government organisations, to guide a healthy development of overseas forestry investment cooperation and import and export trade. Making contributions to coordinate the relationship between internal industries and maintaining market order.
In the future, CFPC will continue to reform, optimize the industrial structure, innovate development modes, promote and upgrade the transformation, make good use of the market both home and abroad and try to widen the business layout. CFPC will keep the responsibility in mind, with the consolidation and development of all advantageous business, CFPC will endeavor to expand its forest assets overseas and complete the sales networks and build more storage and logistics system. CFPC will concentrate on the timber business, strive to contribute on the timber supply in construction of the country and satisfy the daily life wood consumption.