China Railway Group Limited

Source: Wikipedia, the free encyclopedia.
Not to be confused with
China Railway Construction Corporation Limited or China Railway
.
China Railway Group Limited
Zhōngguó zhōngtiě
Websitewww.crec.cn

China Railway Group Limited, known as CREC (the acronym of its predecessor and parent company

Hong Kong stock exchanges. The major shareholder of the company is the state-owned China Railway Engineering Corporation
(CRECG).

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.

Business areas

CREC holds a large share of the Chinese construction market and participates in many large-scale

economic and trade
activities.

History

In November 2007, CREC announced that it would be listing

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

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]

Subsidiaries

As of April 2020[10][11]

CREC received former no.1 to 10 bureau of Ministry of Railways, which became:

CREC also had the following subsidiaries

former design bureau

non-wholly owned subsidiaries that have material non-controlling interests

References

  1. ^ "China Railway Group". Forbes.com. Retrieved 21 April 2021.
  2. ^ "The Top 225 Global Contractors". Engineering News-Record.
  3. ^ "Global 500". Fortune.
  4. ^ "CREC joined Hang Seng China Enterprises Index" (PDF). Archived from the original (PDF) on 2008-10-31. Retrieved 2015-06-07.
  5. ^ Kroth, Olivia (October 9, 2012). "President Chávez continues Venezuela's railway development". Pravda.
  6. ^ Broomby, Rob (16 September 2009). "China's controversial Polish contract". BBC News.
  7. ^ "European Project Trips China Builder". Wall Street Journal. June 4, 2012.
  8. ^ hermesauto (2016-06-14). "New tunnel-boring machine makes cutting corners perfectly sound". The Straits Times. Retrieved 2021-08-25.
  9. ^ www.oberon.nl, Oberon Amsterdam, Empire of Dust | IDFA, retrieved 2022-04-02
  10. ^ English Translation of 2014 Annual Filing to Hong Kong Stock Exchange]
  11. ^ "CREC subsidiaries".
  12. ^ Yichun Luming Molybdenum Mine in Heilongjiang Province
  13. ^ "Company Profile". China Railway Eryuan Engineering Group. Retrieved 17 October 2017.

External links

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