Type State owned Headquarters China | Founded 1998 | |
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Website www.scg.com.cn/en/index.html Stock price 600170 (SHA) CN¥ 4.88 +0.01 (+0.21%)31 Mar, 3:00 PM GMT+8 - Disclaimer Subsidiaries Samoa Broadcasting Corporation | ||
Shanghai construction group
Shanghai Construction Group (SCG) is a Chinese construction and engineering company, ranked as the 16th largest construction company in the world based on 2011 revenues.
Contents
History
The company underwent fast paced growth when in the early 1990s the home city of Shanghai was finally allowed to join in the reform and growth sweeping China. The city became a "builder's dream" and SCG benefited from the pent up zeal for projects with revenue climbing up 30% annually. As the hometown builder, SCG is responsible for many of the landmarks of Shanghai including the under construction Shanghai Tower.
International projects
SCG undertakes overseas construction projects and mining in Eritrea. It has an international focused subsidiary, the Shanghai (Group) Corporation for Foreign Economic & Technological Cooperation (SEFCO Group).
The company's construction of a five star hotel in Cairo despite local political instability was cited by the New York Times in 2012 as an example of the endurance Chinese companies had in their bid to establish operations in Egypt.
The SEFCO Group, a subsidiary of the company, acquired a 60% share in an Eritrean gold mine at the end of 2011.