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Brief  Introduction    
 

Brief Introduction


 

 

China Railway Erju Group Corporation (CREGC) was established in 1950. At the time of its establishment, it was awarded a banner of “Trailblazing Pioneers” by Marshal He Long. Continuously holding high this banner, CREGC has successfully constructed Chengdu – Chongqing Railway, the first railway of People’s Republic of China, and Chengdu – Kunming Railway through so-called “a Geological Forbidden Zone”, and by participating into the construction of Hengyang – Guangzhou Railway, the constructed Section was honored as the first Whole Section Excellent Quality Works of China in the history of the railway construction industry of China. In more than half a century, CREGC has made remarkable contributions to the construction of the country, and become a first class enterprise of Trailblazing Pioneers true to its name.

After the national policy of Reform and Open was initiated, CREGC has comprehensively participated in market competition, starting from its business in Shenzhen Economic Special District, and toward whole China and international market. It is developed from sole construction of railway projects to the all fields of construction industry with configuration of diversified businesses. CREGC has build up a modern enterprise system through promotion of reform. In 1998, it successfully completed system reform, and established its shareholding company - China Railway Erju Co., Ltd (CREC), which was listed at Shanghai Stock Exchange on May 28, 2001, being the first listed company in China Railway Construction Industry. In the new century, by implementing the enterprise’s development strategy of “Focusing on the Vertical Integration of the Value Chain in Engineering and Construction Industry, Developing Relevant Diversified Businesses Reasonably”, CREGC has completed the expansion and adjustment of its market allocation and industry structure, and initiated a new situation of rapid and sustained development. With the development of past several decades, CREGC becomes an enterprise with total assets of RMB 11,000 million, annual turnover of RMB 12,000 million plus and annual overall production capacity of more than RMB 20,000 million plus. It has owned 10,000 technical professionals of various disciplines.

With its strength and rich experiences in engineering consulting & design, investment on infrastructure project, management construction of project, economical strength, resources integration competence, financing ability and high reputation, CREGC has established creditable social images. As a key enterprise of foreign economy and trade in China, CREGC has both rights to deal with international economic and technical cooperation and foreign trade activities. It has competence to perform general contracting of large scale international projects, and it ranks in the top 225 international contractors globe wise ranking list of Engineering News Record (ENR). With its various businesses in more than 40 countries and regions currently, the major business of CREGC covers urban operation, investment of infrastructure project, project construction management, real estate development, environment protection industry, construction of civil engineering works, survey and design, urban rail transit, railway electrification, power supply, telecommunication, signaling works, manufacturing of vans and machinery, production of ready-mixed concrete, hotels service, rental and leasing of construction equipment and architectural decoration. It has been awarded ISO9001 Quality System Certificate, ISO19001 Environment Management Certificate and OSHMS -18000 Occupational Safety & Health Management Certificate.

Sticking to its business philosophy – “Survive through Competition, Cooperate for Co-wins, Develop by Innovation” and following the Quality policy of “Taking human Quality as Basis to Create Excellent Quality Works; Pursuing Excellences to Satisfy Clients”, CREGC has created splendid achievements at the time of benefiting the society. It has been awarded 7 Lu Ban Prizes – the highest honor in China Construction Industry, 23 Science & Technology Progress Prizes at national, provincial and ministerial levels, and 80 National Excellent Quality Works Prizes. It was ranked No. 1 among China’s Top 500 Construction enterprises for three times and honored with the titles of China Construction Enterprise of Merits and National Advanced Construction Enterprise of High Quality and Efficiency and Chinese Clients’ Satisfactory Construction Enterprise, National May 1 Work Prize etc.

Grasping in development trend of economic globalization currently, CREGC speeds up execution of its development strategy, laying its emphasis on critical part of industry chain and high portion of value chain to participate in market competition both at home and abroad, so as to make the upstream business (viz. engineering consultation & design, infrastructure project development, project investment, project management) bigger, to make the midstream business (viz. execution of civil engineering construction works) stronger and perfect as well as to expand the downstream business (viz. operation, management and maintenance of all kinds of infrastructures). CREGC will also reasonably develop the relevant diversified businesses such as resources development and urbanized industry, consolidate its advantages on foreign economic and technical cooperation further, and extensively involve in international competition and cooperation. By doing so, CREGC will build up a reciprocal development pattern that integrates infrastructure investment, resources development, urban construction project construction. With integration of construction operation, capital operation and knowledge operation, CREGC has been devoting itself to becoming a leading engineering contractor and urbanization operator proficient in providing all-round engineering and construction services with international competitiveness.