June 25, 2017 6:18 PM ET

Construction and Engineering

Company Overview of China Machinery Engineering Corporation

Company Overview

China Machinery Engineering Corporation, together with its subsidiaries, engages in the construction contracting and trading businesses in Asia, South America, North America, Africa, and Europe. It operates through three segments: Construction Contracts, Trading Business, and Services Business. The Construction Contracts segment undertakes engineering, procurement, and construction contracts for various infrastructure-related construction projects, including hydropower, thermal power, and other engineering contracting projects, as well as transportation, telecommunication, water supply and treatment, building and construction, manufacturing and processing plant, and mining and resources expl...

CMEC Mansion

No.178, Guanganmenwai Street

Xicheng District

Beijing,  100055

China

Founded in 1978

3,627 Employees

Phone:

86 10 6345 1188

Fax:

86 10 6326 1865

Key Executives for China Machinery Engineering Corporation

Chief Executive, President and Executive Director
Age: 48
Total Annual Compensation: CNY1.8M
Executive Chairman
Age: 58
Total Annual Compensation: CNY1.8M
Compensation as of Fiscal Year 2016.

China Machinery Engineering Corporation Key Developments

China Machinery Engineering Corporation Enters into an Agreement with the Ministry of Transportation of the Argentine Republic in Respect of the Supplement to Phase I of the Project

China Machinery Engineering Corporation board of directors entered into an agreement with the Ministry of Transportation of the Argentine Republic in respect of the supplement to Phase I of the Project on May 17, 2017. Pursuant to the Agreement, the scope of the Supplemental Project includes the construction of railway lines, the construction of the maintenance yards for locomotives and rolling stock, the supply of railway machinery, etc. The Company, as the general contractor, will be responsible for the supply, construction, training, warranty and other works of the Supplemental Project. The value of the Agreement amounts to approximately $1.6 billion. As stipulated in the Agreement, the Supplemental Project will become effective upon satisfaction of certain conditions precedent. The Supplemental Project is expected to be completed in approximately 3 years from its commencement date.

China Machinery Engineering Corporation Proposes Amendments to its Articles of Association

China Machinery Engineering Corporation proposed amendments to the articles of association of the company, at its annual general meeting to be held on June 26, 2017.

China Machinery Engineering Corporation Proposes Distribution for 2016

China Machinery Engineering Corporation proposed the profits distribution plan of the company for year of 2016, being the proposed distribution of final dividend of RMB 0.2042 per share of the company (pre-tax) for 4,125,700,000 Shares for the year ended December 31, 2016, which amount to RMB 842,467,940 (pre-tax) in aggregate to be approved at the annual general meeting to be held on June 26, 2017.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 15, 2017
Thar Energy Limited
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact China Machinery Engineering Corporation, please visit www.cmec.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.