So which are the largest engineering companies in the world? Keep up reading, as we have brought up with Insider Monkey’s latest article. Engineering and construction are regarded to be the heavy industries, where large amount of capital and scale are concentrated.
The engineering industry comprises mechanical engineering, military and civil engineering. It was one of the key industries with which humanity could change from manual to machines, and Industrial Revolution could start. The year of 2020 has been very hard or nearly all the industries, especially for those that operate in construction engineering. As the supply chain also have had to cope with difficulties and lockdown, access of materials have been slow, therefore short-term projects are suspended. It’s exceptionally risky for those companies that have huge debts, as they will probably be in financial crises, unless they are able to stabilize their financial situation. Even the largest players of the market have struggled with the impacts of the coronavirus pandemic, although it’ obvious they can cope with the decline easier than smaller companies.
After all this short introduction, let’s check out what you are here for: the largest engineering companies. We have picked up two companies from Insider Monkey’s list as usual. At first, on the fifth spot, China Communications Construction stands with a total revenue of $95,096 million. This majorly state-owned company has 197,309 employees, and operates in designing, construction and infrastructure. It has had projects in bridges, railways ,highways, tunnels, airports, subways, oil platforms, and marine ports. China Communications Construction is followed by China Railway Construction, another Chinese company with a total revenue of $120,302 million. It has 364,907 employees, and is headquartered in Beijingunder the administration of the State-owned Assets Supervision and Administration Commission of the State Council of China (SASAC). The company operates in survey design consultation, industrial manufacturing, project contracting, trade of goods real estate development, logistics, just to name a few. For further information, please jump to the largest engineering companies in the world.