China Railway Construction Corporation

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Not to be confused with China Railway Engineering Corporation, another railway infrastructure enterprise in the PR China.
China Railway Construction Corporation
中国铁道建筑总公司
Type Public
Traded as SEHK1186,SSE: 601186
Industry Construction
Founded 1948
Headquarters Beijing, China
Area served China
Key people Chairman: Fengchao Meng
Products Railways
Services Railway infrastructure
Revenue CN¥ 457.36 billion (2011)
Operating income CN¥ 10.373 billion (2011)
Net income CN¥ 7.854 billion (2011)
Owners Chinese Government
Employees ~241,621 (2011)
Website China Railway Construction Corporation

The China Railway Construction Corporation (Chinese: 中國鐵建 or Chinese: 中國鐵道建築總公司, Chinese: 中国铁建 Chinese: 中国铁道建筑总公司), or simply CRCC, is the second largest state-owned construction enterprise in China, just after China Railway Engineering Corporation, and the world's top construction contractor by total revenue in 2012.[1][2]

Corporate structure[edit]

CRCC is under the supervision of the State Council of the People's Republic of China.

Since February 2008, A shares and H shares of CRCC are listed on the Shanghai and Hong Kong stock exchanges.

History[edit]

Formerly the railway arm of the People's Liberation Army, CRCC is engaged in the businesses of construction contracting, surveying, design and consultation, industrial manufacturing, exploitation of real estate, capital operation and logistics.

The company premiered on the Shanghai and Hong Kong in February 2008, raising USD 5.7 billion, making the second largest IPO of that year. The performance was poorer than expected because of poor investment atmosphere from United States subprime mortgage crisis and China's economic macro-control.

On August 4, 2012 CRCC reached an agreement with F.C. Internazionale Milano: CRCC is the new business partner of the footballteam an will hold about 15% of the club.

A team from CRCC in March 2013 joined in the rescue efforts after the worst building collapse in Tanzanian history. The team was praised by the national newspaper for giving the rescue operation Dar es Salaam focus and an urgent pace.[3]

Projects[edit]

2008[edit]

  • Libya Libya - CRCC wins $2.6b bid for west-to-east coastal railway 352 km from Khoms to Sirte and a south-to-north railway 800 km long for iron ore transport from the southern city Sabha to Misrata.

2009[edit]

2012[edit]

2013[edit]

  • Kuwait The Kuwait Bowling Club Car Parking for Public Authority of Youth and Sports in Salmiya, which will cost about 4 million KWD, will be built by CRCC. End of construction: 2014.

See also[edit]

References[edit]

External links[edit]