Shanghai Construction Group Co., Ltd. history, profile and corporate video
Shanghai Construction Group Co., Ltd. engages in the development, manufacture, and sale of construction and engineering services. Its activities involve the provision of advisory and general contracting services, production of parts and components, leasing of machinery equipment, extraction and distribution of stone materials, development of real estate properties, and development and transfer of constructiontechnology. It also engages in domestic trading, urban infrastructure investment and construction, and expressway operation. The company was founded on June 15, 1998 and is headquartered in Shanghai, China.”
“Shanghai Construction History
The company underwent fast paced growth when in the early 1990s the home city of Shanghai was finally allowed to join in the reform and growth sweeping China. The city became a “builder’s dream” and SCG benefited from the pent up zeal for projects with revenue climbing up 30% annually. As the hometown builder, SCG is responsible for many of the landmarks of Shanghai including the under construction Shanghai Tower.
Moving beyond Shanghai, SCG has taken overseas projects including through an international focused subsidiary, Shanghai (Group) Corporation for Foreign Economic & Technological Cooperation (SEFCO Group).
The company’s construction of a five star hotel in Cairo despite local political instability was cited by the New York Times in 2012 as an example of the endurance Chinese companies had in their bid to establish operations in Egypt.
Outside of the core business, SEFCO is diversified in activities like mining. The subsidiary acquired a 60% share in an Eritrean gold mine at the end of 2011.”
*Information from Forbes.com and Wikipedia.org
**Video published on YouTube by “SCG CANADA“
