CGCOC Group
{{Short description|Chinese construction company}}
{{dablink|Not to be confused with China Overseas Engineering Group (COVEC) or CGC International, other state-owned Chinese construction companies}}
{{Infobox company
| name = CGCOC Group
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| type = State-owned enterprise
| former_name = CGC Overseas Construction Group
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| predecessor = CGC Nigeria
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| foundation = {{ubl|1983 (CGC Nigeria)|2002 (CGCOC)}}
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| location_city = Beijing
| location_country = China
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| owner = {{ubl|Sinopec Group (40.7%)|China Geo-Engineering Corporation (13.3%)}}
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| parent = SASAC of the State Council (ultimate)
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CGCOC Group Co., Ltd. ({{zh|s=中地海外集团}}) formerly known as CGC Overseas Construction Group Co., Ltd. ({{zh|s=中地海外建设集团}}) is a Chinese construction company that ranks among the 100 largest contractors based on international projects according to the annual Engineering News Record ranking.{{cite web|title=The Top 250 International Contractors|url=https://enr.construction.com/toplists/Top-International-Contractors/001-100.asp|publisher=Engineering News-Record}}
History
The predecessor of CGCOC Group was founded by {{Interlanguage link multi|Ministry of Geology and Mineral Resources of the People's Republic of China|zh|3=中華人民共和國地質礦產部|lt=the Ministry of Geology & Mineral Resources}} in 1983 as CGC Nigeria Ltd.. In 2002 other investors were introduced in the incorporation of CGC Overseas Construction Group Co., Ltd., which CGC Nigeria became part of the business group.{{cite web|url=http://en.cgcoc.com.cn/about/ls/|title= Today is the history of tomorrow---CGCOC Group|access-date=3 November 2016|publisher=CGCOC Group}}
Shareholders
CGCOC Group was founded by {{Interlanguage link multi|Sinopec Star Petroleum|zh|3=中國新星石油}} (a wholly owned subsidiary of Sinopec Group), China Geo-Engineering Corporation (CGC), and other shareholders in 2002. As at 31 December 2015, Sinopec Star Petroleum owned 40.7% stake, China Geo-Engineering Corporation owned 13.333% stake, Shanxi Bureau of Geology Exploration ({{zh|s=山西省地质勘查局}}) owned 4.375% stake, 13th Construction Co., Ltd. of China National Chemical Engineering Co., Ltd. owned 1.04% stake, as well as many natural person.[http://qyxy.baic.gov.cn/beijing Beijing government database] (in Chinese)
Construction projects
The company carries out projects across Africa and in other markets. In Cameroon, the company signed a deal in December 2007 to increase water production and distribution in Douala from 115,00 to 260,000 cubic meters in a year by constructing pipe networks, wells and a potable water treatment plant.{{cite news|title=China's Approach to the African Water Crisis|url=http://www.ecoworld.com/business/chinas-approach-to-the-african-water-crisis.html|newspaper=Ecoworld|date=May 29, 2008|access-date=November 16, 2013|archive-url=https://web.archive.org/web/20120502154312/http://www.ecoworld.com/business/chinas-approach-to-the-african-water-crisis.html|archive-date=May 2, 2012|url-status=dead}}
One of the company's substantial businesses in Africa is road building in Ethiopia.{{cite news|title=Chinese firm wins massive road projects in Ethiopia|url=http://english.people.com.cn/200606/25/eng20060625_277128.html|newspaper=People's Daily|date=June 25, 2006}} In the period from 2005 to 2006, the company was awarded about $276 million in Ethiopian road projects. These projects included the Dodola Junction-Goba and Dera-Gololcha Mechara roads located in Oromia.
References
{{Reflist|30em}}
External links
{{Portal|China|Companies}}
- {{official website}}
{{Construction and civil engineering companies of China}}
{{authority control}}
Category:Construction and civil engineering companies of China
Category:Government-owned companies of China
Category:Chinese companies established in 1983
Category:Chinese companies established in 2002
Category:Construction and civil engineering companies established in 1983
Category:Construction and civil engineering companies established in 2002
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