STEC Obtains Internal Orders Valued at Ten Billion in Half One Year And Ranks into 2016 ENR Top One Hundred Global Contractors

2016-08

On August 27, Engineering News-Record, the most globally authoritative academic magazine in construction filed in America, published the list of 2016 Top 250 Global Contractors, STEC (including assets not listed of Shanghai Urban Construction) , relaying on its annual global business revenue of $5.281 billion in 2015 and the excellent performance in multiple business fields of infrastructure projects recently, ranked 62nd among ENR global contractors and 144th among international contractors (excluding domestic business revenue).
ENR, founded in 1876, is the most globally authoritative academic magazine in construction filed of America. The ranking lists of ENR have considerable influence in global construction industry. The ENR ranking lists, with an quite comprehensive evaluation system based on performances in multiple business fields including construction, manufacture, transportation, energy, water treatment, etc., taking the calculation of construction, design, etc. into consideration, is well recognized in globally project-contracting industry and can reflect comprehensively the annul development of engineering market.
Since reform in 2015, the wonderful performance in global market of STEC has gained more attention. In the first half of this year alone, STEC, along with first-class partners in international market, has obtained orders with a value of nearly RMB 10 billion in two overseas markets of Singapore and India. The orders involve infrastructure of multiple fields including subway in Singapore, subway in Mumbai, India, river treatment of Jaipur River of India. Meanwhile, STEC has performed well in domestic market in the first half of this year with business revenue of $ 2.18 billion, totally gross value of $3.77 billion, and rise of 93% year on year of newly added contact value.