NORINCO GROUP Presence in
Multiple Launch Rocket Systems (MLRS)
As a part of its key growth strategy, the company focuses on partnership and contracts. More than 40% of the company’s revenue is generated from the commercial segment, which implies that the company has a strong position in the commercial market in China and other countries. The company being one of the biggest in China has merger and technology collaborations with many domestic companies. It has a very good focus on inorganic growth strategies within to gain a larger share of the MLRSs market.
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