CONF: China’s MCC benefiting from BRI initiatives
So far, “MCC have participated in overseas (steel and civil facility) projects in 57 countries and have set up 152 overseas offices, among these, 87 offices and 32 countries are along BRI route,” Zhang said, listing out a few well-known steel projects in the ASEAN countries such as the Formosa Ha Tinh Steel project in Vietnam, the Alliance Steel in the Malaysia-China Kuantan Industrial Park of Malaysia, the PT Krakatau Steel project in Indonesia, and India Tata KPO coking plant.
For many steel projects, MCC is the EPC contractor, and the company is going beyond metallurgical projects in BRI countries into theme parks, housing, and infrastructure construction, among which are the 300MW photovoltaic power station in Pakistan, Resorts World in Sentosa of Singapore, Colombo-Katunayake Expressway in Sri Lanka, Malaysia W-Hotel.
MCC is diversifying its business to better serve the company’s development needs, as for many BRI countries, civil engineering is with great market potential and infrastructure construction always come first, Zhang told Mysteel Global at an earlier meeting.
MCC, listed both in Shanghai and Hong Kong, was founded in 1948 and was merged by Minmetals in 2016, participated in the “designing and building over 90% of Chinese steel capacity”, and meanwhile it is constructing the second-phase of the Zhanjiang steel project under China Baowu Steel Group.
The company, headquartered in Beijing, owns 15 design institutions and 13 large-scale construction companies, employing 110,000 employees with 53,000 being technological and managerial personnel.
Written by Anna Wu, wub@mysteel.com
Edited by Hongmei Li, li.hongmei@mysteel.com
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