By revenue, CREC is the largest construction company in the world in the 2015 Engineering News-Record "Top 225 Global Contractors".[2] In 2016, CRECG ranks in the 57th place among Fortune Global 500 Enterprises[3] and the 7th place among Top 500 Chinese Enterprises.
In November 2007, CREC announced that it would be listing A shares and H shares on the Shanghai and Hong Kong respectively. The IPO price of A share ranged from 4 to 4.8 Chinese yuan while that of H share ranged from 5.03 to 5.78 Hong Kong dollar. CREC joined the Hang Seng China Enterprises Index from 10 March 2008.[4]
In support of a cross country railway building boom in Venezuela, CREC began construction in 2009 of the Anaco-Tinaco railroad, an 800 million USD project to building a 471 km high speed railway line through the agriculture belt.[5]
This company appeared to break new ground in the European Union in 2009 when the COVEC subsidiary along with two Chinese partners were awarded the tender to construct two parts of the A2 highway in Poland.[6] The project began well in the design and preparation stages with COVEC demonstrating "technical acumen" but work ran aground at later stages because of mismanagement within a tight regulatory framework, ending in failure for COVEC and replacement by other contractors.[7]
The works of a CREC subsidiary active in the Democratic Republic of the Congo are the focal point of the 2011 documentary Empire of Dust. The film is directed by Belgian filmmaker Bram Van Paesschen.[9]
^Yichun Luming Molybdenum Mine in Heilongjiang Province
^"Company Profile". China Railway Eryuan Engineering Group. Retrieved 17 October 2017.
External linksedit
Official website(in Chinese and English)
November 23, 2023
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Not to be confused with China Railway Construction Corporation Limited or China Railway China Railway Group Limited known as CREC the acronym of its predecessor and parent company China Railway Engineering Corporation is a Chinese construction company which floats in Shanghai and Hong Kong stock exchanges The major shareholder of the company is the state owned China Railway Engineering Corporation CRECG China Railway Group LimitedTrade nameCRECNative name中国中铁股份有限公司 Chinese TypePublicTraded asSSE 601390 A share SEHK 390 H share IndustryConstructionFounded2007HeadquartersBeijing ChinaArea servedWorldwideKey peopleChairman Li ChangjinProductsRailways Highways Installation Design Survey Manufacturing Real Estate Resources Investments MiningOwnerChinese Government via China Railway Engineering Corporation Number of employees282 256 1 2020 ParentChina Railway Engineering CorporationChinese nameSimplified Chinese中国中铁股份有限公司Traditional Chinese中國中鐵股份有限公司Literal meaningChina China Railway Company Limited by SharesTranscriptionsStandard MandarinHanyu PinyinZhōngguo zhōngtie gǔfen yǒuxian gōngsiChinese short nameSimplified Chinese中国中铁Traditional Chinese中國中鐵TranscriptionsStandard MandarinHanyu PinyinZhōngguo zhōngtieWebsitewww wbr crec wbr cnBy revenue CREC is the largest construction company in the world in the 2015 Engineering News Record Top 225 Global Contractors 2 In 2016 CRECG ranks in the 57th place among Fortune Global 500 Enterprises 3 and the 7th place among Top 500 Chinese Enterprises Contents 1 Business areas 2 History 3 In the media 4 Subsidiaries 5 References 6 External linksBusiness areas editCREC holds a large share of the Chinese construction market and participates in many large scale infrastructure projects overseas especially in countries in the Southeast Asia and Africa In addition to the core business of construction the company does business in surveying and designing installation manufacturing R amp D technical consulting capital management as well as international economic and trade activities History editIn November 2007 CREC announced that it would be listing A shares and H shares on the Shanghai and Hong Kong respectively The IPO price of A share ranged from 4 to 4 8 Chinese yuan while that of H share ranged from 5 03 to 5 78 Hong Kong dollar CREC joined the Hang Seng China Enterprises Index from 10 March 2008 4 In support of a cross country railway building boom in Venezuela CREC began construction in 2009 of the Anaco Tinaco railroad an 800 million USD project to building a 471 km high speed railway line through the agriculture belt 5 This company appeared to break new ground in the European Union in 2009 when the COVEC subsidiary along with two Chinese partners were awarded the tender to construct two parts of the A2 highway in Poland 6 The project began well in the design and preparation stages with COVEC demonstrating technical acumen but work ran aground at later stages because of mismanagement within a tight regulatory framework ending in failure for COVEC and replacement by other contractors 7 In 2016 the group subsidiary China Railway Engineering Equipment Group supplied the first commercial rectangular tunnel boring machine used for an underpass of Singapore s Thomson East Coast MRT line 8 In the media editThe works of a CREC subsidiary active in the Democratic Republic of the Congo are the focal point of the 2011 documentary Empire of Dust The film is directed by Belgian filmmaker Bram Van Paesschen 9 Subsidiaries editAs of April 2020 10 11 CREC received former no 1 to 10 bureau of Ministry of Railways which became China Railway First Group Co Ltd China Railway No 2 Group Co Ltd China Railway No 3 Engineering Group Co Ltd China Tiesiju Civil Engineering Group Co Ltd CTCE China Railway No 5 Engineering Group Co Ltd China Railway Sixth Group Co Ltd China Railway Seventh Group Co Ltd China Railway No 8 Engineering Group Co Ltd China Railway No 9 Engineering Group Co Ltd China Railway No 10 Engineering Group Co Ltd China Railway Electrification Bureau Group Co Ltd CREC also had the following subsidiaries China Overseas Engineering Group Co Ltd China Railway Major Bridge Engineering Group Co Ltd China Railway Electrification Engineering Group Co Ltd China Railway Electrification Engineering Group Nanjing Co Ltd 30 China Railway Construction Group Co Ltd China Railway Tunnel Group Co Ltd China Railway Engineering Equipment Group CREG China Railway BAOJI Bridge Group China Railway Science amp Industry Group China Railway International Group Co Ltd CRECGI China Railway Shanhaiguan Bridge Group Co Ltd China Railway Real Estate Group Co Ltd China Railway Resources Group Co Ltd China Railway Trust Co Ltd China Railway Finance Co Ltd Yichun Luming Mining Company 12 former design bureau China Railway Eryuan Engineering Group Co Ltd CREEC 13 or CREEGC citation needed non wholly owned subsidiaries that have material non controlling interestsYunnan Fuyan Expressway Co Ltd 10 Guangxi Cenxing Expressway Development Co Ltd 34 References edit China Railway Group Forbes com Retrieved 21 April 2021 The Top 225 Global Contractors Engineering News Record Global 500 Fortune CREC joined Hang Seng China Enterprises Index PDF Archived from the original PDF on 2008 10 31 Retrieved 2015 06 07 Kroth Olivia October 9 2012 President Chavez continues Venezuela s railway development Pravda Broomby Rob 16 September 2009 China s controversial Polish contract BBC News European Project Trips China Builder Wall Street Journal June 4 2012 hermesauto 2016 06 14 New tunnel boring machine makes cutting corners perfectly sound The Straits Times Retrieved 2021 08 25 www oberon nl Oberon Amsterdam Empire of Dust IDFA retrieved 2022 04 02 English Translation of 2014 Annual Filing to Hong Kong Stock Exchange CREC subsidiaries Yichun Luming Molybdenum Mine in Heilongjiang Province Company Profile China Railway Eryuan Engineering Group Retrieved 17 October 2017 External links editOfficial website in Chinese and English Retrieved from https en wikipedia org w index php title China Railway Group Limited amp oldid 1172502711, wikipedia, wiki, book, books, library,