CSCEC – China Construction America

CSCEC Moves Up to No. 9 on 2022 Fortune Global 500 List

��ý — Wed, 03 Aug 2022 15:39:24 +0000

As the world’s largest investment and construction company, CSCEC’s revenue increased 17.1 percent to $293.7 billion in 2021. While COVID-19 slammed the global economy over the past year, CSCEC recently completed high-profile construction projects, including the building of 28 Winter Olympics venues and 100 emergency hospitals to address pandemic-related medical needs.

The Fortune Global 500, also known as the Global 500, is one of the most reputable and popular rankings of the top 500 corporations worldwide as measured by revenue. The list has been in its current form since 1995 and is compiled and published annually by Fortune magazine.

To read more, please click the link below: https://fortune.com/global500.

CSCEC rises steadily on Fortune Global 500 list.

CSCEC Ranks No.1 on ENR’s 2021 Top 250 Global Contractors List for Sixth Consecutive Year

��ý — Mon, 23 Aug 2021 16:00:27 +0000

CSCEC also ranked No. 9 on the Top 250 International Contractors list — measured by construction contracting revenue generated outside the companies’ home countries — and secured its place in the top 10 for the fourth consecutive year.

ENR is a weekly magazine that is highly regarded in the construction industry. Each year it compiles and publishes rankings of the largest construction and engineering companies based on various factors, including volume of US and international revenue, size of backlogs, new contracts, market share and sectors.

CSCEC Secures its 3rd Position on 2021 Fortune China 500 List for Ninth Consecutive Year

��ý — Mon, 26 Jul 2021 16:02:44 +0000

CSCEC remains the highest-ranked Chinese company in the investment and construction industry and has made great strides globally with revenue of approximately 1,615 billion yuan (US$234 billion) and profits of 44.9 billion yuan (US$7 billion).

Fortune China 500, compiled by Fortune China and the Wealth Management Department of China International Capital Corporation, assesses the financial results and business performance of the biggest Chinese companies over the past year. Fortune China 500 is recognized as one of the most reputable and popular rankings of the top 500 listed companies in China.

Fortune China unveils top 500 Chinese companies.

CSCEC Rises to 18th on Fortune Global 500 List

��ý — Tue, 11 Aug 2020 22:28:13 +0000

In 2019, CSCEC’s revenue increased 13.4 percent and reached $205.8 billion. The company, which continues to be the world’s largest investment and construction company, has steadily climbed in the rankings since first appearing on the list in 2006.

The Fortune Global 500, also known as the Global 500, is one of the most reputable and popular rankings of the top 500 corporations worldwide as measured by revenue. The list has had its current form since 1995 and is compiled and published annually by Fortune magazine.

To read more, please see the link below:

CSCEC Tops ENR Top 250 Global Contractors Ranking for Its Fourth Year

��ý — Tue, 27 Aug 2019 20:53:39 +0000

Additionally, CSCEC’s overseas construction business revenue of $12.8 billion placed it in the No. 9 spot on the Top 250 International Contractors list, indicating the continued dedication of CSCEC’s international expansion strategy.

ENR is a weekly magazine widely recognized by the construction industry. Each year it compiles and publishes rankings of the largest construction and engineering companies based on various factors. The Top 250 Global Contractors list ranks contractors annually based on total global contracting revenue from the previous year, whereas the Top 250 International Contractors list ranks firms based on contracting revenue derived from projects outside of their home countries.

CSCEC Hits Record High on Fortune Global 500 List

��ý — Tue, 23 Jul 2019 13:47:17 +0000

In 2018, CSCEC’s revenue increased 16.3 percent year-over-year to approximately $182 billion, and total profits surged 18.1 percent during the same period reaching $3.2 billion as it, hit a record-high ranking on the Global 500 list. To read more, please see the link below: http://fortune.com/global500/2019

CSCEC Ranks No. 3 on 2019 Fortune China 500 List

��ý — Thu, 11 Jul 2019 17:31:44 +0000

In 2018, CSCEC has made great strides globally and remains the world’s largest investment and construction group with approximately $174 billion in revenue and more than $5.5 billion in profit. The company has continued to work on numerous large-scale construction projects. CSCEC also has maintained the highest credit rating of “A” by Standard & Poor’s, Moody’s and Fitch, which is the highest in the global engineering and construction industry.

The 500 Chinese companies on the list generated RMB45.5 trillion in revenue, up 14.8 percent year-over-year, hitting another record high. Net profit rose 4.21 percent year-over-year to RMB3.625 trillion. The annual revenue threshold for companies on the list this year is RMB16.238 billion, an increase of 17 percent year-over-year. The total revenue of the 500 companies in 2018 once again accounted for more than a half of China’s GDP. The top three companies remain CNPC, SINOPEC and CSCEC.

Fortune China 500, compiled by Fortune (China) and the Wealth Management Department of China International Capital Corporation (CICC), assesses the financial results and business performance of the biggest Chinese companies in the past year. Fortune China 500 is recognized as one of the most reputable and popular rankings of the top 500 listed companies in China.

CSCEC Vice President Yong Zhou Meets with Panamanian President Juan Carlos Varela

��ý — Sun, 31 Mar 2019 19:00:11 +0000

Also attending the meeting were Panama Minister of Commerce Nestor Gonzalez, Panamanian Ambassador to China Francisco Escobar, Panama Canal Authority Chairman Roberto Roy Correa, Tocumen International Airport General Manager Oscar M. Ramírez, CSCEC Overseas Department General Manager Wenjian Chen and ��ý Vice Chairman Qinghu Zhou.

During the meeting, Mr. Yong Zhou and President Varela had an in-depth conversation about CSCEC’s vision for Panama and ��ý’s operations in Panama. President Varela said the construction of the Amador Convention Center project and the City of Hope project by ��ý demonstrates CSCEC’s strong capability of building and delivering high-quality projects globally. He said CSCEC represents the gold standard of Chinese companies doing business abroad and noted that through ��ý, CSCEC not only helped Panama cultivate and train outstanding engineers but also provided opportunities to showcase Panama’s regional advantages and serve as a platform for bringing Panamanian engineers to the company’s projects to other countries in Latin America. He said he hopes that CSCEC will increase its investment in Panama and continue to facilitate the win-win cooperation between Panama and China on the Belt and Road initiative, which benefits the local people.

Mr. Yong Zhou thanked President Varela for his trust, encouragement and support of CSCEC in Panama and confirmed that CSCEC will continue to work diligently on projects and make every effort to ensure that the Amador Convention Center will achieve the substantial completion by the end of April. CSCEC is confident in the Panamanian market and plans to remain in the country and contribute to its prosperity and development.

CSCEC Vice President Yong Zhou and Panamanian President Juan Carlos Varela at the meeting. Photo credit: Ministry of the Panamanian Presidency

CSCEC President Wang Honored with CGCC International Leadership Award

��ý — Mon, 07 Jan 2019 22:09:57 +0000

China General Chamber of Commerce-USA (CGCC) hosted its 2019 CGCC Chinese Lunar New Year of the Pig Gala at Cipriani 42nd St. in New York on Jan. 7, 2019. During the event, CSCEC President Xiangming Wang received the CGCC International Leadership Award for leading CSCEC to promote high industry standards, improve the business environment and fulfill outstanding corporate social responsibilities.

The 39th President of the United States Jimmy Carter sent a congratulatory letter, and Cui Tiankai, Chinese Ambassador to the United States, delivered the keynote speech. About 450 prominent government officials and business leaders from both the United States and China, including Consul General of China in New York Huang Ping, as well as representatives of non-profit organizations, joined CGCC to celebrate the continued development of Chinese investment in the United States. In his remarks, Mr. Wang thanked CGCC for its recognition and said that as the largest investment and construction company in the world, CSCEC will continue to work with business leaders to create an open, cooperative and friendly business environment between the China and the United States. C.V. Starr & Co. Inc. Chairman and CEO Maurice R. Greenberg, who was honored with the Goodwill Ambassador for China-US Exchange Award, presented the award to Mr. Wang, saying that Mr. Wang has built a great and incredible company and that he looks forward to doing more business with CSCEC.

“China will continue to work with the United States to build a strong and stable relationship,” Ambassador Cui said. “Reform and opening up in China and the normalization and development of China-US relations have benefited both countries and the entire world. This has been proven by the history of the last four decades. So the success story is not just China’s. Nor is it just America’s. It’s our shared success story.”

In addition to Mr. Wang and Mr. Greenberg, other award recipients included Louisiana Economic Development and YCI Methanol One, LLC for the Outstanding FDI Partnership Award.

The CGCC Annual Gala was created by Mr. Yuan during his term as the third chairman of CGCC and has become among the most significant events in business and commercial real estate circles. As one of the most important sponsors of the CGCC Gala, ��ý has continuously supported development and investment of Chinese enterprises in the United States. During Mr. Yuan’s terms as the third and fourth chairman of CGCC, he led the organization into an increasingly important role supporting and protecting Chinese enterprises in the United States, as well as making significant contributions to the development of China-US economic relations.

Founded in 2005, CGCC is the largest nonprofit organization representing Chinese enterprises in the United States. Its mission is to promote Chinese investment in the United States, support the legal rights and interests of its members and enhance cooperation between the Chinese and US business communities. Its membership extends to more than 1,500 companies, 54 of which are ranked on the 2018 Fortune 500 List.

Maurice R. Greenberg (left) presented the International Leadership Award to Xiangming Wang.

Times Square Chronicles Feature CSCEC as the most Dominating Construction Company

��ý — Mon, 07 Jan 2019 18:43:12 +0000

”If there’s one company dominating construction today, it has to be China State Construction Engineering Corporation Ltd. In last year’s Constructional Global report, the company was named the biggest contractor in the world with over $160 billion in revenues—and for good reason. CSCEC boasts an impressive portfolio of A-list projects covering almost every spectrum of construction, including hotels, apartments, bridges and shopping centers. It also has a global clientele, which spans from Algiers to New York, and more companies are looking to hire CSCEC for its reputation of using the best construction methods in finishing its projects.”

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