China Railway Engineering Corporation
From Wikipedia, the free encyclopedia
- Not to be confused with China Railway Construction Corporation, another railway infrastructure enterprise in the People's Republic of China.
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| Type | State-owned enterprise |
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| Founded | 1950 |
| Headquarters |  Beijing, China |
| Area served | People's Republic of China |
| Key people | Chairman: Mr. Shi Dahua |
| Industry | Infrastructure |
| Products | Railways |
| Services | Railway infrastructure |
| Employees | ~220,000 |
| Website | CREC Official Website |
The China Railway Engineering Corporation (SEHK: 390),(SSE: 601390) (Traditional Chinese:中國中鐵 or 中國鐵路工程總公司, Simplified Chinese: 中国中铁 or 中国铁路工程总公司), or simply CREC, is a large-scale state-owned enterprise in the People's Republic of China.
The corporation runs a spectrum of businesses covering surveying and designing, construction and installation, manufacturing, R&D, technical consulting, capital management as well as international economic and trade activities. Its headquarters is in Beijing.
CREC is under the supervision by the State Council of the People's Republic of China.
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[edit] Scope
CREC is the third largest civil construction enterprise in the world, and the Asian and Chinese largest railway, road and tunnel construction contractor. It has a leading position in China's construction market, and participates in many large-scale infrastructure projects overseas (especially in countries in the Southeast Asia and Africa). Fortune magazine in the United States reported that CREC ranked 342 in the 500 world's largest enterprises in 2007.
[edit] Structure
CREC consists of 31 member enterprises including:
- 15 super-large construction enterprises
- China National Overseas Engineering Corporation
- China Railway First Group Corporation
- China Railway Erju Group Corporation (China Railway Second Group Corporation)
- Third Engineering Group Co. Ltd
- China Tiesiju Civil Engineering Group Co. Ltd (China Fourth Group Civil Engineering Group Co. Ltd)
- China Railway Wuju Group Corporation (China Railway Fifth Group Corporation)
- China Railway Sixth Group Co. Ltd
- China Railway Seventh Group Co. Ltd
- China Railway Eighth Civil Engineering Group Corporation
- China Railway No. 9 Group Co. Ltd
- China Railway No. 10 Group Corporation
- China Zhongtie Major Bridge Engineering Group Co. Ltd (China Railway Major Bridge Engineering Group Co. Ltd)
- China Railway Tunnel Group
- China Railway Electrification Bureau Co. Ltd
- China Railway Construction Engineering Group
- 3 large or super large surveying and designing enterprises
- Second Survey and Design Institute of China Railway
- China Railway Engineering Consultants Group
- China Major Bridge Survey and Design Institute
- 3 large R&D enterprises
- Northwest Research Institute
- Southwest Research Institute of CREC
- Engineering Machinery Research and Design Institute
- 5 large manufacturing enterprises
- China Railway Shanhaiguan Bridge Group Co. Ltd
- China Railway Turnout Bridge Inc.
- China Railway Bus. Co. Ltd.
- Wuhan Engineering Machinery Works of CREC
- Hengping Trust and Investment Co. Ltd.
In addition there are 4 organizations directly run by the Headquarters and 17 subsidiary companies and project companies. CREC's construction teams are found in over 1,000 cities throughout China except Taiwan Province (now administrated by the Republic of China).
[edit] IPO
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.
[edit] Member of HSCEI
CREC joined the Hang Seng China Enterprises Index from 10 March, 2008.[1]
[edit] Subsidiary Companies
One of the CREC's subsidiary companies, China Railway Erju Group, has been listed in Shanghai Stock Exchange previously.
[edit] See also
- China Civil Engineering Construction Company (CCEC)
[edit] References
| Railway construction companies of China |
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| CRCC | CREC | CCCC |
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