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] The company currently operates the world's most powerful wind turbine by installed capacity, at 18 MW.[2]
 | |
| Company type | Public |
|---|---|
| Industry | Power plant equipment manufacturing |
| Founded | 1984 |
| Founder | Ding Yi |
| Headquarters | , China |
Area served | Worldwide |
Key people | Wang Ji (王计) (Chairman) |
| Revenue | 32,324,500,000 renminbi (2018)  |
| Subsidiaries | Dongfang Electric Corporation Limited |
| Website | Dongfang Electric Corporation Dongfang Electric Corporation Limited |
History
editIt was founded in 1984 and is based in Chengdu, Sichuan.[3][4] 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.[5]
- 1984: Dongfang Electric Corporation was established by Ding Yi.[6]
- 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).[7]
- 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.[8]
- 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).[9]
Controversy
editDongfang 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.[10][11]
See also
edit
References
edit- ^ "Capital Goods: China Losing Its Shine". Societe General. Archived from the original on 2015-12-23. Retrieved 2015-11-03.
- ^ Maritime Executive (14 October 2024). "Dongfang Unveils Record-Smashing 26 MW Offshore Wind Turbine". Retrieved 17 October 2024.
- ^ Dongfang Electric Corporation
- ^ Dongfang Electric Corporation
- ^ DONG FANG ELECTRICAL MACHINERY AND THE SWITCH SIGN WINDPOWER GENERATOR CO- OPERATION AGREEMENT
- ^ 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.
- ^ Dongfang Electric Corporation Limited[dead link]
- ^ Dongfang Electrical Machinery Co Ltd[permanent dead link]
- ^ Dongfang Electric maker goes for total listing
- ^ 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.
- ^ STEPHAN HOFSTATTER (26 June 2017). "Chinese firm Dongfang pockets R600m from 'rigged' Eskom deal". Business Day. Retrieved 2017-06-26.