China Metallurgical Group (MCC) sees overseas expansion as a key part of its growth strategy.

The State-owned conglomerate recently announced the establishment of two subsidiaries, MCC International Incorporation Ltd and MCC Overseas Ltd.

"This step is a part of the group's restructuring strategy and a milestone in MCC's overseas business development," said Yang Changheng, chairman of MCC's board of directors.

The two subsidiaries will be engaged in similar core businesses in overseas markets, such as designing, engineering, procurement and construction, Yang said.

MCC International Incorporation Ltd will focus its business on North America, Latin America, the European Union and Africa, while MCC Overseas Ltd will cover Asia, Australia, Russia and Turkey.

The new companies will be in charge of seeking projects, bidding and seeking investments, while the projects will be constructed by other MCC subsidiaries.

"The two, which are independent entities with different target markets, are expected to boost the overall scale and efficiency of MCC's overseas business," Yang said.

MCC, which previously focused exclusively on construction projects, has recently made efforts to diversify its operations into fields such as designing, engineering, procurement and construction (EPC), resource development, mechanical equipment manufacturing and real estate.

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