Poly Technologies
Chinese defense manufacturer / From Wikipedia, the free encyclopedia
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Poly Technologies (Chinese: 保利科技有限公司), sometimes abbreviated as PolyTech, a subsidiary of China Poly Group Corporation, is a trade company with headquarters in Beijing, China. The company deals with missiles and other military products. The company was founded by the Chinese People's Liberation Army in order to provide competition to China North Industries Corporation (Norinco). The company is one of China's largest arms exporters and has been sanctioned by the United States.[1][2] Poly Technologies has supplied gunpowder to Russian ammunition manufacturers following the Russian invasion of Ukraine.[3]
Company type | State-owned enterprise |
---|---|
Industry | Defense |
Parent | China Poly Group |
Website | polytechnologiesinc |
As a traditional pillar industry of Poly Group Corp., the international trading business is mainly undertaken by Poly Technologies Inc., both the predecessor of the Poly Group and a backbone enterprise of the Group. Founded in 1984, it is mainly engaged in the import and export business of general merchandise, special equipment, and technology.[citation needed] Poly Group has established business relations with hundreds of enterprises and governmental organizations of nearly 100 countries and regions, including many multinational corporations such as Boeing of the United States, Bombardier Inc. of Canada, Chevron - Texaco of the United States, Benz of Germany, Ferrari of Italy, State Corporation 'Rosoboronexport' and Japanese Sagawa Logistic Co., Ltd. It has also established cooperative relations with domestic government departments and many noted companies.