China Shanghai (Group) Corporation For Foreign Economic & Technological Cooperation (SFECO) is one of the earliest comprehensive foreign-related companies that entered into the international market and engaged in the international engineering contract and oversea labor service cooperation. During the past twenty years, SFECO not only established the cooperative relationship with clients and partners from more than one hundred countries and regions and made a great development of business, but also brought up and accumulated a group of professionals working on the area mentioned above. SFECO has been ranked the nation¡¯s top 30 of the industry and has been continuously listed in the world¡¯s top 225 contractors by ENR (Engineering News Record) for the past 13 years. SFECO now is involving in different engineering projects as well as some other businesses in a wide range of industries; SFECO has been well known in some countries and regions due to its successful achievements, which make the company easier to win the recognition from the local enterprises; the business coordination is powerful; it has a professional team and has its own name-brand effect. SFECO has realized the preliminary transition of its operation mode from windows function to general contractor in project management; from low additional value to high additional value in project exploitation; low level of the business chain to high level in project undertaking; from striving for business development unilaterally to cooperating with international competitive partners in face of competition. Therefore, a strong foundation in project contracting and labor services have been made in the international market. During the past two decades, SFECO engaged in many projects such as construction of roads, bridges, buildings, gardens, chemical plants£¬hydro power & thermal power plants; reconstruction of power transmission and transformation, smelt, fishery, textile machinery, food machinery, automatic warehouse, steel factory and oil & gas tanks etc.
In order to develop its leading advantages, enhance its the financial capacity, expand the platform function of ¡°going outside¡± and strengthen the competitive ability in the international market, Shanghai Industrial Investment (Holding) Co. Ltd., Shanghai Jiu Shi Company, Shanghai Electric (group) Corporation, Shanghai Urban Construction (Group) Corporation and Shanghai Da Sheng Assets Co. Ltd.. These five famous and powerful companies co-invested nearly RMB£€ 800 million to reorganize SFECO and make it more vigorous, which fundamentally solve the problem of capital shortage due to accelerated expansion and development of SFECO. The reorganization is also a successful trial for Shanghai Municipal Committee to assist those potential and competitive companies in the policy of optimization grouping capital of the state assets.
After the reorganization, SFECO not only diversify the sources of the state investment, basically shift to new management mechanisms, improve the corporate governance, and also be committed to the process of market strategy, and also powerfully take the world market as the orientation, exploit natural resources projects, continually bring our leading advantages into play .
Business Scope:
Contracting for industrial and civil construction, roads and bridges and other civil engineering projects both at home and abroad; Manpower supply service, sending of the personnel engaged in research and training; Investment both at home and abroad, opening Sino-foreign joint ventures and enterprises owned by a sole investor; International tendering, international purchasing, government project purchasing and tendering, scientific and technological consultation; Import & export trade of goods, transit trade, import & export trade of technologies, material processing, sample assembly, sample processing, compensation trade, customs declaration service; Consultation of investment for foreign investors in Shanghai, transfer contracting and subcontracting agency for foreign invested projects in Shanghai, and recruitment of builders; Domestic whole-sale and detail trade;Real estate development and operation, interior decoration, old house exchange and other real estate business;Oil products business, various services for exploiting oil and gas.
Cooperation Principles£º
Equality and Mutual Benefit, Emphasizing Substantial Results, Multiple Forms and Mutual Development
Business Policy£º
Observing Contracts, Guaranteeing Quality, Making Reasonable Profits and Valuing Loyalty |
