CCCC Dredging Introduced
- Business & Finance
The founding conference and unveiling ceremony of CCCC Dredging (Group) Co., Ltd. (CCCC Dredging) was held in Shanghai last week, celebrating the birth of the world’s largest dredging company.
Jiang Zhuoqing, vice mayor of Shanghai, Liu Qitao, chairman and Party secretary of CCCC, Chen Fenjian, president of CCCC and Jia Like, deputy director of the Planning & Development Bureau of the State-owned Assets Supervision and Administration Commission (SASAC) unveiled CCCC Dredging.
CCCC Dredging is a specialized subsidiary group approved by SASAC, initiated by CCCC and established through the business integration of CCCC Tianjin Dredging Co., Ltd., CCCC Shanghai Dredging Co., Ltd. and CCCC Guangzhou Dredging Co., Ltd., and is CCCC’s major strategic decision to further intensify the construction of the dredging sector and march towards a world top dredging company in the process of building “five-style CCCC”, accomplishing transformation and upgrading and first becoming a world top enterprise.
CCCC Dredging was registered at China (Shanghai) Pilot Free Trade Zone with a capital of 11.7 billion yuan. It is mainly engaged in dredging, reclamation, dredging-related water conservancy, environmental and offshore engineering, maritime services, shipping survey and design business.
At the moment, the CCCC Dredging is the world’s largest dredging company in terms of the total hold capacity of suction dredgers and the total installed power of cutter suction dredgers.