China State Construction Engineering
The China State Construction Engineering Corporation is the largest construction company in the world by revenue and the 14th largest general contractor in terms of overseas sales, as of 2016.
While most of the assets of CSCEC were floated in the stock exchange as China State Construction Engineering Corporation Limited, CSCEC retained some assets such as schools and hospitals, as well as the stake in China Construction International Corporation which was not able to be transferred. Thus, CSCEC granted the listed company supervising rights.
Corporate structure
The CSCEC has numerous branches or subsidiaries. It is divided into five main divisions and twelve traditional core business areas, including eight Group's engineering offices and four Design Institutes, as well as its own national research laboratory. The main business units of the group are planning and design, project development, equipment leasing, trade, construction and facilities management.Its subsidiary and listed company, China State Construction Engineering Corporation Limited , was established in 2007. It was listed on the Shanghai Stock Exchange in 2009 with its IPO price at RMB$4.18 per share. The shares closed at RMB$6.53, 56% higher than its IPO price, at the first trading day. It was the world's biggest IPO in 2009, raising the capital of US$7.3 billion.
History
The CSCEC was founded in 1957 as a state company. Early on the country had an international profile building heavy industry and infrastructure in Asia, Africa, and the Middle East. The predecessor company opened its first overseas office in Kuwait in the late 1970s. The company broke from its regionally confined work pattern when it entered the U.S. market in 1985, opening an office in Atlanta. The U.S. subsidiary began by building housing developments with joint venture partners before undertaking its first sole development, Lantana Lakes, a 107-acre, $27 million complex of 42 homes, in 1987 in Jacksonville, Florida.With the encouragement of the Chinese government and financing assistance from the Export-Import Bank of China, CSCEC has taken increasingly bold steps as a builder and investor of overseas projects. In 2011, the going abroad trend hit a new high when Baha Mar Resorts, a $3.4 billion casino and resort built and partially owned by CSCEC, opened after "extremely aggressive" efforts by the company to link with the Bahamas developer that started the project. It was the largest construction project undertaken by a Chinese company outside of China.
The China State Construction Engineering Corporation is also constructing the new Athletics and Football Stadium in Grenada.
In 2009, the company was blacklisted for six years by the World Bank for collusion in the bidding process for the Philippines National Roads Improvement and Management Project.
In 2020, after the coronavirus outbreak, CSCEC urgently built two hospitals in Wuhan in the span of 10 to 12 days. The 1,000-bed Huoshenshan hospital was finished on Feb. 3, while the 1,600-bed hospital Leishenshan was finished on February 5.
Projects
- Participated in constructing Daxing International Airport
- Construction of the Great Mosque of Algiers
- Realization of the new university town of Constantine
- New extension of Algiers airport
- Construction of the proposed new capital of Egypt
- Cairo International Conference Center, Egypt
- AU Conference Center and Office Complex, Ethiopia
- Commercial Bank of Ethiopia Headquarters, Ethiopia
- Addis Ababa National Stadium, Ethiopia
- Renovation of the Alexander Hamilton Bridge, New York City, New York
- Ventilation shafts for the 7 Subway Extension, New York City, New York
- Sukh Chayn Gardens Housing Estate is a gated community in the suburbs of Lahore, Pakistan.
- Federation Tower, Tower A, Moscow: Europe's highest skyscraper
- Shanghai World Financial Center, Shanghai
- Beijing National Aquatics Centre : the new Chinese national Swimmcenter in Beijing.
- Shun Hing Square, Shenzen
- Missile test center of the Shenzhou Space Center
- Airport Passenger Terminal Hong Kong Chek Lap Kok
- One Thousand Museum, Miami, United States
- Leeza SOHO, Beijing, China
- Main administration building of the Bank of China, Hong Kong
- Haier companies building, South Carolina, United States
- Nanyang Technological University, Singapore
- National Athletics & Football Stadium, Grenada
- Enlargement of the Australian Embassy, Beijing
- Embassy of Malaysia, Beijing
- New German Embassy, Beijing
- Sky City, Changsha
- Villa at the Consulate General in China, New York City, United States
- Sheraton Hotel, Pine Club, Algiers, Algeria
- Marriott Hotel, Shanghai
- Kempinski Hotel, Beijing
- Xianyang International Airport, Xi'an
- Baiyun International Airport, Guangzhou
- Taoxian International Airport, Shenyang
- Stadium project Stade des Martyrs, Kinshasa, Zaire
- Cricket Stadium, Barbados
- Jinnah Stadium, Islamabad, Pakistan
- National Geological Information Center, Botswana
- Underground water reservoir, Mmankgodi, Botswana
- Gerald Road, Francistown, Botswana
- Binh Thuan Roadway Project SM2/SM3, South Saigon, Vietnam
- Culasi, Antique-Patnaongon Highway, Panay, Philippines
- North irrigation project Jazir, Iraq
- New Hindiya Dam, including railway bridge, the Euphrates, Iraq
- Boukourdane Dam, Algeria
- Mae Kuang Dam, Thailand
- Rama Bridge, Bangkok, Thailand
- 21st Century Tower, Shanghai
- Arfa Karim Technology Park, Lahore, Pakistan
- Lakeville Residences, Malaysia
- Burj Qatar, Qatar
- Hotel Hilton, Bangladesh
- University hospital of Sfax, Tunisia.
- M5 Multan-Sukkar Motorways of Pakistan
- Trump International Golf Club, Dubai
- Medical project in Cambodia
- Mixed-use real estate development in Australia
- A major highway in Argentina
- Tesla Giga Shanghai, Shanghai
Subsidiaries
- China Overseas Land and Investment
- China Construction Design International
- China State Construction International Holdings
- Far East Group
- China Construction First Group Corporation Ltd
- China Construction Second Engineering Bureau Ltd
- China Construction third Engineering Bureau Ltd
- China Construction fourth Engineering Division Corp. Ltd