CREG digs deep to expand abroad

China Railway Engineering Equipment Group Co, the country's biggest manufacturer of tunnel boring machines by both production capacity and revenue, will ship eight sets of the giant machines to international markets including Israel and Singapore in the second half of this year, its chairman said.

CREG, a unit of State-owned China Railway Group Ltd, focuses on the development and production of shield tunneling machines and tunnel boring machines. China used to completely rely on imports until 2008 when CREG independently developed its own shield tunneling machine after six years of research.

Chairman Tan Shunhui said CREG planned to establish new operation centers in Australia, the United States and Italy over the next three years.