CGCOC Group Co., Ltd. () formerly known as CGC Overseas Construction Group Co., Ltd. () is a Chinese construction company that ranks among the 100 largest contractors based on international projects according to the annual ''Engineering News Record'' ranking.
History
The predecessor of CGCOC Group was founded by 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.
Shareholders
CGCOC Group was founded by (a wholly owned subsidiary of
Sinopec Group
China Petrochemical Corporation () or Sinopec Group is the world's largest oil refining, gas and petrochemical conglomerate, administered by SASAC for the State Council of the People's Republic of China. It is headquartered at Chaoyangmen ...
),
China Geo-Engineering Corporation
China Geo-Engineering Corporation (abbreviated as CGC) is a Chinese construction company that ranks in the ''Engineering News Record'' annual compilation of construction firms as one of the 250 largest international contractors by sales, with int ...
(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 () 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
In jurisprudence, a natural person (also physical person in some Commonwealth countries, or natural entity) is a person (in legal meaning, i.e., one who has its own legal personality) that is an individual human being, distinguished from the bro ...
.
Construction projects
The company carries out projects across Africa and in other markets. In Cameroon
Cameroon (; french: Cameroun, ff, Kamerun), officially the Republic of Cameroon (french: République du Cameroun, links=no), is a country in west- central Africa. It is bordered by Nigeria to the west and north; Chad to the northeast; th ...
, the company signed a deal in December 2007 to increase water production and distribution in Douala
Douala is the largest city in Cameroon and its economic capital. It is also the capital of Cameroon's Littoral Region. Home to Central Africa's largest port and its major international airport, Douala International Airport (DLA), it is the comm ...
from 115,00 to 260,000 cubic meters in a year by constructing pipe networks, wells and a potable water treatment plant.
One of the company's substantial businesses in Africa is road building in Ethiopia
Ethiopia, , om, Itiyoophiyaa, so, Itoobiya, ti, ኢትዮጵያ, Ítiyop'iya, aa, Itiyoppiya officially the Federal Democratic Republic of Ethiopia, is a landlocked country in the Horn of Africa. It shares borders with Eritrea to the Er ...
. 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
Oromia (Amharic: ) ( om, Oromiyaa) is a regional state in Ethiopia and the homeland of the Oromo people. The capital of Oromia is Addis Ababa.
It is bordered by the Somali Region to the east; the Amhara Region, the Afar Region and the Be ...
.
References
External links
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{{authority control
Construction and civil engineering companies of China
Government-owned companies of China
Sinopec
Chinese companies established in 1983
Chinese companies established in 2002
Construction and civil engineering companies established in 1983
Construction and civil engineering companies established in 2002