December 20, 2014 5:35 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

2,661 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 Proposes Establishment of New Energy Joint Venture with Wuxi Guolian

The board of directors of China Machinery Engineering Corporation announced that the company will establish a new energy joint venture with Wuxi Guolian Environmental Energy Group Co., Ltd., a wholly-owned subsidiary of Wuxi Guolian Development (Group) Co., Ltd., and held the first board meeting of the New Energy JV on October 28, 2014 to finalize the details regarding the establishment of the New Energy JV by the company and Wuxi Guolian. The New Energy JV will build a new energy business platform and focus on developing the distributed photovoltaic power generation business and other business in the new energy sector in Wuxi and other cities within China.

China Machinery Engineering Wins Project in Pakistan

China Machinery Engineering announced that it signed a general contract of Tar coalfield Block II 2x330MW pit-mouth power plant with Pakistan's Engro Energy. Contracted value is about USD 460 million; contractual period is 42 months. The company will take charge of design, supply, civil construction, installation, training, debugging and maintenance.

China Machinery Engineering Corporation Enters into Contract with Engro Powergen Thar (Private) Limited Company for the Thar Block II 2X330 MW Power Plant in Pakistan

The board of directors of the China Machinery Engineering Corporation announced that on September 10, 2014, the company entered into a contract with Engro Powergen Thar (Private) Limited Company in respect of the project for the Thar Block II 2x330 MW power plant in Pakistan. Pursuant to the Contract, the scope of the Project will include the construction of the Thar Block II 2x330MW power plant. The company, as the general contractor, will be responsible for the design, procurement, civil engineering and construction, installation, training, commissioning, warranty and other works of the Project on a turnkey basis. The contract value amounts to approximately USD 670 million. The project will be commenced for construction after a series of conditions is satisfied such as financing close and receiving all prepayments and is expected to be completed in approximately 42 months.

Recent Private Companies Transactions

Type
Date
Target
Buyback
February 20, 2014
--
Private Placement
December 27, 2013
China National Electric Apparatus Research Institute Co., Ltd.
 

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