China_Dongfang_Electric_Corporation

Dongfang Electric

Dongfang Electric

Electrical engineering company of China

Dongfang Electric Corporation (Chinese: 东方电气集团) is a Chinese state-owned manufacturer of power generators and the contracts of power station projects. According to Platts, in 2009-10 the company was the second largest manufacturer of steam turbines by worldwide market share, tying with Harbin Electric and slightly behind Shanghai Electric.[1]

Quick Facts Company type, Industry ...

History

It was founded in 1984 and is based in Chengdu, Sichuan.[2][3] Its subsidiary is Dongfang Electric Corporation Limited (Chinese: 东方电气股份有限公司) (SEHK: 1072,SSE: 600875). Its H shares and A shares were listed on the Hong Kong and Shanghai.

  • 1958: Dongfang Electric Machinery Plant (Chinese: 东方电机厂) was established.[4]
  • 1984: Dongfang Electric Corporation was established by Ding Yi.[5]
  • 1993: China Dongfang Electric Machinery Plant was restructured to form Dongfang Electric Machinery Company Limited (Chinese: 东方电机股份有限公司).[6]
  • 1994: Dongfang Electric Machinery Company was listed on the Hong Kong Stock Exchange.
  • 1995: Dongfang Electric Machinery Company was listed on the Shanghai Stock Exchange.[7]
  • 2007: China Dongfang Electric Corporation was listed entirely in Dongfang Electric Machinery Company. Dongfang Electric Machinery Company was renamed to Dongfang Electric Corporation Limited (Chinese: 东方电气股份有限公司).[8]

Controversy

Dongfang was accused by General Electric in court papers of benefitting from a rigged tendering process awarded by South African utility giant Eskom to install a new boiler at the Duvha Power Station. General Electric claims that Dongfang got the contract even though its bid was R1 billion (US$76 million) more than the General Electric bid.[9][10]

See also

Wikimedia Commons has media related to Dongfang Electric.

References

  1. [1]
    "Capital Goods: China Losing Its Shine". Societe General. Archived from the original on 2015-12-23. Retrieved 2015-11-03.
  2. [2]
    Dongfang Electric Corporation
  3. [3]
    Dongfang Electric Corporation
  4. [4]
    DONG FANG ELECTRICAL MACHINERY AND THE SWITCH SIGN WINDPOWER GENERATOR CO- OPERATION AGREEMENT
  5. [5]
    Yue Huairang 岳怀让 (2019-03-07). "著名企业家、92岁东方电气创始人丁一逝世". The Paper. Retrieved 2019-03-09.
  6. [6]
    Dongfang Electric Corporation Limited[dead link]
  7. [7]
    Dongfang Electrical Machinery Co Ltd[permanent dead link]
  8. [8]
    Dongfang Electric maker goes for total listing
  9. [9]
    STEPHAN HOFSTATTER AND CAROL PATON (26 April 2017). "GE claims Eskom favoured Chinese firm's bid, with backing of Trillian". Business Day. Retrieved 2017-04-26.
  10. [10]
    STEPHAN HOFSTATTER (26 June 2017). "Chinese firm Dongfang pockets R600m from 'rigged' Eskom deal". Business Day. Retrieved 2017-06-26.
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