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| CREC | |||||||
Native name | 中国中铁股份有限公司 (Chinese) | ||||||
| Company type | Public | ||||||
| Industry | Construction | ||||||
| Founded | 2007 | ||||||
| Headquarters | , China | ||||||
Area served | Worldwide | ||||||
Key people | Chairman: Li Changjin | ||||||
| Products | Railways,Highways, Installation,Design,Survey,Manufacturing,Real Estate,Resources,Investments,Mining | ||||||
| Owner | Chinese Government (viaChina Railway Engineering Corporation) | ||||||
Number of employees | 282,256[1] (2020) | ||||||
| Parent | China Railway Engineering Corporation | ||||||
| Chinese name | |||||||
| Simplified Chinese | 中国中铁股份有限公司 | ||||||
| Traditional Chinese | 中國中鐵股份有限公司 | ||||||
| Literal meaning | China China Railway Company Limited by Shares | ||||||
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| Chinese short name | |||||||
| Simplified Chinese | 中国中铁 | ||||||
| Traditional Chinese | 中國中鐵 | ||||||
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| Website | www | ||||||
China Railway Group Limited, known asCREC (the acronym of its predecessor and parent companyChina Railway Engineering Corporation), is a Chineseconstruction company which is traded on theShanghai andHong Kong stock exchanges. The major shareholder of the company is the state-ownedChina Railway Engineering Corporation (CRECG).
By revenue, CREC is the largest construction company in the world in the 2015Engineering News-Record "Top 225 Global Contractors".[2] In 2016, CRECG ranks in the 57th place amongFortune Global 500 Enterprises[3] and the 7th place among Top 500 Chinese Enterprises.
CREC holds a large share of the Chinese construction market and participates in many large-scaleinfrastructure projects overseas (especially incountries inSoutheast Asia andAfrica). In addition to the core business of construction, the company does business insurveying anddesigning, installation,manufacturing,R&D,technicalconsulting,capital management, as well as internationaleconomic andtrade activities.
In November 2007, CREC announced that it would be listingA shares andH shares on theShanghai andHong Kong respectively. The IPO price of A share ranged from 4 to 4.8Chinese yuan while that of H share ranged from 5.03 to 5.78Hong Kong dollars. 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 theCOVEC subsidiary along with two Chinese partners were awarded the tender to construct two parts of theA2 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 subsidiaryChina Railway Engineering Equipment Group supplied the first commercial rectangulartunnel boring machine, used for an underpass ofSingapore'sThomson–East Coast MRT line.[8]
The works of a CREC subsidiary active in theDemocratic Republic of the Congo are the focal point of the 2011 documentaryEmpire of Dust. The film is directed by Belgian filmmaker Bram Van Paesschen.[9]
On 28 March 2025 at 12:50:52MMT (06:20:52 UTC), a2025 Myanmar earthquakeMw 7.7earthquake struck theSagaing Region of Myanmar. This caused extensive damage in Bangkok, Thailand. These tremors led to the collapse[10] of a 30-story building under construction for Thailand's State Audit Office (SAO) in Chatuchak district built by a joint venture between Italian-Thai Development PLC and China Railway Number 10 (Thailand) Co., Ltd., a CREC subsidiary.
CREC received former no.1 to 10 bureau ofMinistry of Railways, which became:
CREC also had the following subsidiaries
former design bureau
