Author Topic: Poly Technologies  (Read 2077 times)

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Online Loose}{Cannon

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Poly Technologies
« on: January 06, 2016, 11:47:54 AM »
Lets talk Poly Group!    :)  And yes... they can import/export also.

"The Poly Technologies (Chinese: 保利科技有限公司), a subsidiary of China Poly Group Corporation, is a defense manufacturing 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). Since 2005, Poly Technologies has always been the three best military import and export companies in China.[citation needed]

As a traditional pillar industry of Poly Group Corp., 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. Poly has established business relations with hundreds of enterprises and governmental organizations of nearly 100 countries and regions, including many world famous 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.

For the past 20 years since its establishment, it has imported large quantities of advanced equipment and technology for the country and the army, and has exported a large amount of merchandise for civilian use, defense equipment, and logistics supplies. It has made contributions to developing the Chinese economy and modernization of defense, winning commendations from government and army leaders many times. The company accumulated trading volume exceeded tens of billions of US dollars, ranking 63 among the top 500 foreign trade enterprises in China, published by the Chinese Ministry of Commerce in year 2005.

Poly Technologies was involved in the Shipment of Weapons to Zimbabwe around the time of the 2008 Election Crisis, and was then refused entry into South African Ports shortly before docking."
      
1776 will commence again if you try to take our firearms... It doesn't matter how many Lenins you get out on the street begging for them to be taken.

Offline Bunker

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Re: Poly Technologies
« Reply #1 on: January 10, 2016, 08:40:32 AM »
Condensed info going back a little further....

Prior to 1983 the military imported arms through Norinco and the profits stayed with them and left the PLA. Poly Technologies, Inc., was assigned a unique position in that it became the only trading corporation (at the time) authorized to buy and sell arms for the PLA. It could call up arms from the PLA inventory in order to sell them abroad if the weapons were ruled nonessential for national defense. Poly was directly financed and controlled by the Army General Staff.

Military personnel in China were strictly forbidden from dealing directly with foreigners, due to fears of breach of security. The solution to this problem was simple -- the foundation of Poly Technologies, Inc., which was formed specifically to buy and sell arms as the exclusive agent of the PLA and then to turn profits over to the General Staff for use by the army.

Organization Structure: The Central Military Commission (CMC) at the top, below that the General staff, and below that Poly Technologies.

In 1981 Poly Technologies was formed by three individuals from within the military with solid and respectable connections to both political and military leaders. The office of the company was opened in a suite in the Beijing Hotel near Tiananmen Square. The primary business of the company was arms imports on a small scale. It was not yet given a name but was recognized merely as military representatives working in the business field. The chief executives of the company, the founders, were in fact individuals who were in the military but dressed each morning in business suits rather than uniform. Poly Technologies, which began operations in 1981 and was chartered in 1983.  However, 1984 in the date most commonly used but it certainly wasn't established then.

The three founders of the company were Wang Jun, He Ping, and He Pengfei. Wang Jun was a commander at the regimental level and was on the payroll of the Training Division of PLA Naval Headquarters, but actually rarely went to the office.  He Pengfei at the divisional level and was equal to that of a one-star general, and he worked with the General Staff in charge of procurement. He Ping, the son-in-law of paramount leader Deng Xiaoping, served as the PRC military attaché to Washington, D. C..

Two years later a fourth individual was added to the founders, who was the Chief of Staff of the Army at the time and was closely tied to China International Trust and Investment Corporation (CITIC).  CITIC was a powerful business management group that supervised international business agreements in China.  Around the same time they also added a businessman to their ranks and assumed the name of Poly Technologies, Inc., and were chartered under the CITIC.  But the relationship of Poly and CITIC was merely a very loose formality.  Eventually Yang Li, daughter of President Yang Shangkun also joined the company.

The funds for the enterprise were initially allocated from the General Staff and came originally from the State Planning Commission. Since the allocated military budget was fixed, the money was originally taken from other accounts and assigned to the new trading company. The State Congress held meetings to decide how much would be allocated to the military but they were considered merely a rubber stamp for individuals above them in the CMC of the Communist Party chain of command. The CMC discussed how much money went into the military budget and then passed its finding and recommendations to the People's Congress, which invariably approved any requests. The money was then allocated by them to the State Planning Commission and from them to the General Staff.

The formation of the company within CITIC corresponded to a change in American policies towards technology and arms sales to the PRC (at the time). In the spring of 1983, US Secretary of Commerce Howard Malcolm Baldrige visited Beijing and notified the Chinese government that China was being assigned a new, less restrictive category of technology transfer considerations in US trade regulations. In September of the same year, Defense Secretary Caspar Weinberger visited the PRC and helped further arrange for a closer military relationship between the US and China. In June 1984, China was granted Foreign Military Sales (FMS), more than four years after Project 851 and a few other notable partnerships.

Poly Technologies was poised perfectly to take advantage of this new relationship. The General Staff wanted Poly to roll over profits from arms sales from its inventory and this was the primary reason for creating the company. But the most important consideration was that they wanted to make sure that everyone obeyed the rules, hence the hand-picked leaders. They also arranged it so that only Poly was entitled to arms imports and arms sales abroad for the PLA and that means that only Poly could spend the money for the PLA by purchasing supplies abroad. No other company at the time could do that.

More details to follow with how Keng's Firearms Specialty Inc. (David [founder] and Da Keng [president]) evolved and the relationship with PTK International.

Offline howiebearse72

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Re: Poly Technologies
« Reply #2 on: February 05, 2018, 04:10:49 PM »
excellent well researched write up. Very well written and explained.

Offline SkooterTrash

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Re: Poly Technologies
« Reply #3 on: February 28, 2018, 02:03:13 AM »
Just the information I was looking for, thanks!