China Railway Group Limited history, profile and corporate video
China Railway Group Limited (中国中铁股份有限公司), also known as CREC (the acronym of its predecessor and parent company China Railway Engineering Corporation), is a Chinese construction company headquartered in Beijing, China. The major owner of the company is the state-owned China Railway Engineering Corporation (CRECG).
The CREC’s history can be traced back to 1894, when China Shanhaiguan Manufactory (now a subsidiary of CREC) was set up to manufacture railway tracks and metal bridges the first railway project designed and constructed by Chinese (Peking-Zhangjiakou Railway).
In 1950, the General Bureau of Construction and the General Bureau of Design were established under the Ministry of Railways (MOR). Both of them later merged to form the General Bureau of Capital Construction.
In 1989, the General Bureau of Capital Construction was separated from MOR and incorporated as China Railway Engineering Corporation (CREC).
China Railway Engineering Corporation (CREC) initiated the establishment of China Railway Group Limited on September 12, 2007.
The company operates through the following eight business segments: Infrastructure Construction, Survey, Design and Consultation, Real Estate Development, Industrial Manufacturing, Resource Development, Overseas Business, Finance, and Investment.
Infrastructure Construction
The Infrastructure Construction segment involves railways, highways, bridges, tunnels, urban rail transit, stations & buildings, municipal facilities, and other projects.
Survey, Design and Consultation
The Survey, Design and Consultation segment includes consulting & planning, feasibility study, survey & design, R&D, and construction supervision.
Real Estate Development
The Real Estate Development involves residential real estate, commercial real estate, tourism real estate, pension real estate and urban complex.
Industrial Manufacturing
The Industrial Manufacturing segment includes steel structure products, switch products, shield machines and back-up equipment, railway construction machinery, electrified equipment, and other mechanical products.
Resource Development
The Resource Development segment integrates mineral resources development, trade logistics, geological survey into one, having gold, silver, copper, cobalt, lead, zinc, molybdenum, coal, and other resources.
Overseas Business
The Overseas Business covers a large number of overseas projects and has provided services for more than 90 countries and regions in the world.
Finance
The Finance segment involves financial modules, including capital companies, finance companies, trusts, public funds, industrial funds, insurance brokers, financial leasing and futures.
Investment
The Investment segment involves the investment services required for the development of projects.
With more than 282 000 employees and with many projects around the world, China Railway Group Limited is considered one of the largest construction companies in the world, by revenue. According to Forbes, it is considered one of the top 2000 largest public companies in the world.
*Information from Forbes.com, Wikipedia.org, and ”www.crecg.com/english”.
**Video published on YouTube by “杨斌“.