CCCC – China Communications Construction
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China Communications Construction Company is biggest dredging company in People’s Republic of China and third biggest in world. It is listed in Hong Kong (SEHK: 1800) Stock Exchange.
Brief history
China Communications Construction Company is headquartered in Beijing, China. It was founded on October 6, 2006. Initial capital was RMB 10.8 billion. CCCC is a transnational company that fully owns and controls 37 subsidiary companies and 10 joint stock companies.
Products and services
China Communications Construction Company is in design and construction of bridges, roads and ports. This company actively participated in construction of high class trunk roads, large bridges and principal expressways. CCCC occupies almost 50 percent of China’s infrastructure development market. China Communications Construction also plays a major role in China’s dredging market. It is an important port machinery manufacturer. CCCC is biggest manufacturer of container cranes in world. It has also participated in railway project construction.
China Communications Construction Company is extremely competitive in technology and human resources. It possesses 12 national level design masters, 3 Chinese Academy of Engineering members and 1 national level surveying master. CCCC also has a number of scientists and senior engineers in its payroll.
China Communications Construction has participated in construction of Chinese aid projects in different parts of world. It has been listed as a major international contractor.
Financials
China Communications Construction Company presently has around 87, 022 employees. It reported a net profit of HKD 2.7 billion in period ending June 2008. Market capitalization of CCCC was nearly HKD 101,403 million.
Awards and recognition
China Communications Construction Company has won a number of awards since its establishment. It has won ‘National Prize for Scientific and Technical Progress’ twenty times. CCCC has won ‘China Luban Prize for Architectural Engineering’ 45 times. It has won 140 other high level ministerial prizes.
China Communications Construction Company was adversely affected by global economic crisis in 2008. Construction activity has slowed down due to lower monetary liquidity.
