August 02, 2014 2:31 AM ET

Construction and Engineering

Company Overview of China Machinery Engineering Corporation

Company Overview

China Machinery Engineering Corporation, together with its subsidiaries, is engaged in international construction contracting and trading businesses. The company operates in three segments: Construction Contracts, Trading Business, and Other Business. The Construction Contracts segment undertakes engineering, procurement, and construction contracts for various infrastructure-related construction projects, including hydropower, thermal power, transportation, telecommunications, water supply and treatment, building and construction, manufacturing and processing plants, and mining and resources exploitation sectors. The Trading Business segment imports and exports various machinery, electrical,...

CMEC Mansion

No.178, Guanganmenwai Street

Xicheng District

Beijing,  100055

China

Founded in 1978

2,633 Employees

Phone:

86 10 6345 1188

Fax:

86 10 6326 1865

Key Executives for China Machinery Engineering Corporation

President
Age: 46
Total Annual Compensation: $1.5M
Chairman
Age: 56
Total Annual Compensation: $635.0K
Supervisor
Age: 46
Total Annual Compensation: $520.0K
Chairman of Supervisory Board
Age: 44
Supervisor
Age: 45
Compensation as of Fiscal Year 2013.

China Machinery Engineering Corporation Key Developments

China Machinery Engineering Corporation Signs Supplemental Loan Agreement for the Argentina Belgrano Cargo Railway Rehabilitation Project

The board of directors of China Machinery Engineering Corporation announced that on July 18, 2014, under the witness of the Chinese President Mr. Xi Jinping and the President of Argentina, Madam Cristina Kirchner, a supplemental loan agreement for the Argentina Belgrano cargo railway rehabilitation project, which was undertaken by the company as general contractor, was jointly signed by a syndicate comprising the China Development Bank and the Industrial and Commercial Bank of China, and Argentina's Ministry of Economy and Public Finance, and the Project-launching ceremony was held. The contract for the Project was entered into between the company and the Argentinean government in July 2010. The company, as the general contractor of the Project, will be responsible for the renovation of about 1,500km-long railroads of the Belgrano cargo railway and equipment supply. The total contract value amounts to approximately $2.4705 billion. The Contract will become effective upon the company having received all advance payments under the Contract. As stipulated in the Contract, the construction period of the Project will last for approximately 48 months once the construction is commenced.

China Machinery Engineering Corporation Approves Amendments Articles of Association

China Machinery Engineering Corporation announced that at its AGM held on June 22, 2014, the shareholders approved the further amendments to the Articles of Association.

China Machinery Engineering Corporation Announces Change of Joint Company Secretary, Board Secretary and Authorized Representative

The board of directors of China Machinery Engineering Corporation announced that with effect from June 26, 2014, ZHOU Yamin has been appointed by the board to succeed CHEN Minjian as joint company secretary of the company, the secretary to the board and authorized representative of the company, due to a change of CHEN's work re-arrangement upon expiring of his term of office. CHEN will be appointed as a commissioner of the company. ZHOU is currently the chief financial officer of the company. In July 2011, Mr. ZHOU joined the company and was appointed as the chief financial officer on July 29, 2011.

Recent Private Companies Transactions

Type
Date
Target
Buyback
February 20, 2014
--
Private Placement
December 27, 2013
China National Electric Apparatus Research Institute Co., Ltd.
Merger/Acquisition
November 27, 2013
La Compagnie Miniere de Belinga
 

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