China National Chemical Engineering

China National Chemical Engineering Co. Ltd. (CNCEC)

Company type	State-owned
Industry	Construction
Headquarters	Beijing , People's Republic of China
Website	www.cncec.com.cn

China National Chemical Engineering Co., Ltd. (CNCEC) is a Chinese company in construction engineering and design, ranking 16th among general contractors worldwide by revenue and 20th among contractors by revenue from international projects (as of 2022). ^{[1] [2]}

The parent company of China National Chemical Engineering Co., Ltd. (SSE : 601117) is China National Chemical Engineering Group Corp., a state-owned enterprise that is supervised by State-owned Assets Supervision and Administration Commission of the State Council.

Projects

• The company announced in May 2012 a major deal with the UAE government worth $2.95 billion to complete the National House Scheme within a 5-year timeframe. ^[3]
• The Iraqi government announced in January 2024 the start of a $2 billion project to build a new residential city west of Baghdad, with CNCEC and two other companies. ^[4]

U.S. investment prohibition

In August 2020, the United States Department of Defense published the names of companies linked to the People's Liberation Army operating directly or indirectly in the United States. CNCEC was included on the list. ^{[5] [6]} In November 2020, Donald Trump issued an executive order prohibiting any American company or individual from owning shares in companies that the United States Department of Defense has listed as having links to the People's Liberation Army, which included CNCEC. ^{[7] [8] [9]}

References

1. "The Top 225 Global Contractors". Engineering News-Record. Archived from the original on 2012-06-26. Retrieved 2012-08-15.
2. "The Top 225 International Contractors". Engineering News Record. Archived from the original on 2012-06-27. Retrieved 2012-08-15.
3. "CN Chemical Engineering secures RMB 18.64-bln deal in Dubai". China Knowledge Newswires. Archived from the original on 2015-02-14. Retrieved 2012-08-15.
4. "Iraq initiates new $2bn residential city near Baghdad". Construction Week. Archived from the original on 2024-01-10. Retrieved 2024-01-10.
5. "DOD Releases List of Additional Companies, in Accordance with Section 1237 of FY19 NDAA". U.S. Department of Defense. August 28, 2020. Archived from the original on 30 August 2020. Retrieved 30 August 2020.
6. "Qualifying Entities Prepared in Response to Section 1237 of the National Defense Authorization Act for Fiscal Year 1999 (PUBLIC LAW 105–261)" (PDF). U.S. Department of Defense. August 28, 2020. Archived (PDF) from the original on 28 August 2020. Retrieved 30 August 2020.
7. Chen, Shawna (November 12, 2020). "Trump bans Americans from investing in 31 companies with links to Chinese military". Axios . Archived from the original on October 28, 2021. Retrieved November 12, 2020.
8. Pamuk, Humeyra; Alper, Alexandra; Ali, Idrees (2020-11-12). "Trump bans U.S. investments in firms linked to Chinese military". Reuters . Archived from the original on 2021-10-28. Retrieved 2020-11-12.
9. Swanson, Ana (2020-11-12). "Trump Bars Investment in Chinese Firms With Military Ties". The New York Times . ISSN   0362-4331. Archived from the original on 2020-11-13. Retrieved 2020-11-13.

External links

• Official website