Top 10: Construction Companies in APAC
The Asia-Pacific (APAC) construction industry stands as a dynamic force in global infrastructure development, characterised by its rapid growth and transformative projects.
Historically, this region has been pivotal in driving global construction trends, with companies leading ambitious initiatives such as smart city developments and sustainable infrastructure projects including China's Belt and Road Initiative and the development of eco-cities across Asia.
Today, APAC construction firms face challenges like supply chain disruptions and economic uncertainties, yet they continue to innovate, embracing digitalisation and green construction practices.
10. Daito Trust Construction
Market cap: $7.85bn
CEO: Takeuchi Kei
Headquarters: Tokyo, Japan
Daito Trust Construction, with 16,000 employees, specialises in residential and commercial property design and construction.
The company also develops sustainable urban projects, including eco-friendly housing including integrated solar power into rental housing projects.
Daito partners with Mizuho Capital for strategic investments, which is a subsidiary of Mizuho Financial Group, that provides venture capital and private equity services to growth-stage companies.
9. Kajima Corporation
Market cap: $8.37bn
CEO: Yoshikazu Oshimi
Headquarters: Tokyo, Japan
Kajima Corporation, a global construction and real estate development firm, collaborates with major entities like Hines, global real estate investment and development firm in the Polish private rental housing sector.
With a workforce of over 18,000, Kajima engages in diverse projects worldwide, from Singapore's largest office building to Algeria's extensive motorway.
The company aims to provide comprehensive solutions in construction and property development, emphasising innovation and sustainability.
Kajima held 1,170 patents by 2006, showcasing its commitment to technological advancement.
8. Obayashi
Market cap: $9.34bn
CEO: Kenji Hasuwa
Headquarters: Tokyo, Japan
Obayashi, a global construction and civil engineering firm, specialises in infrastructure development, building construction and urban planning.
With 15,000 employees, the company collaborates with major entities like ESSO and Toyota on diverse projects.
The company aims to innovate in sustainable construction practices, focusing on green building technologies and seismic-resistant structures.
It also continues to expand its global footprint, particularly in Southeast Asia and North America.
7. China Railway Construction (CRCC)
Market cap: $12.66bn
CEO: Robert M. Glickmann
Headquarters: Beijing, China
CRCC is a leading global construction and engineering company.
With a workforce of 300,000, CRCC specialises in infrastructure development, including railways, highways and urban transit systems.
The company aims to expand its international presence, particularly through Belt and Road Initiative projects.
Achievements include the company's significant role in China's rapid infrastructure development over recent decades.
6. China Communications Construction Company (CCCC)
Market cap: $14.97bn
Executive Director and President: Wang Haihuai
Headquarters: Beijing, China
CCCC is a multinational engineering and construction powerhouse, collaborating with global giants like Merrill Lynch, wealth management division and BlackRock, a global investment management firm
With over 60,000 employees, CCCC specialises in infrastructure development, including highways, railways and marine ports.
CCCC aims to expand its global footprint through Belt and Road Initiative projects.
The company’s roots trace back to the Qing Dynasty's Junpu Engineering Bureau established in 1905.
5. Sekisui House
Market cap: $16.65bn
CEO: Yoshihiro Nakai
Headquarters: Osaka, Japan
Sekisui House, employing over 26,000 people, collaborates with M.D.C. Holdings, an American homebuilding and financial services company, to expand its US housing market presence.
The company leads in sustainable homebuilding, with 93% of new homes achieving net-zero energy standards in 2022.
Sekisui's "Gohon no Ki" project demonstrates its commitment to biodiversity, integrating native flora into residential developments.
The firm aims to balance urban growth with environmental preservation, setting industry benchmarks for eco-friendly construction practices.
4. China Railway Group Limited (CREC)
Market cap: $16.91bn
CEO: Chen Wenjian
Headquarters: Beijing, China
CREC, a global construction titan, has 300,000 employees, and spearheads colossal infrastructure projects.
From intricate railway networks to towering bridges, it collaborates with COVEC to amplify its international reach, particularly in Belt and Road Initiative ventures.
CREC's engineering prowess shines in feats like the Yuelongmen Tunnel - a 20km marvel piercing the Longmen Mountains.
The firm's ambitious global expansion continues to push the boundaries of modern construction.
3. Daiwa House
Market cap: $19.94bn
CEO: Keiichi Yoshii
Headquarters: Osaka, Japan
Daiwa House, with its 46,000-strong workforce, is redefining construction boundaries. Collaborating with unlikely partners like Pokémon, it’s injecting fresh creativity into housing and hospitality.
Daiwa House collaborates with The Pokémon Company to create themed hotel rooms, enhancing guest experiences with Pokémon-inspired decor and activities.
Pokémon, a multimedia franchise, features creatures that trainers capture and train, uniquely making it globally popular and relevant for family-oriented attractions.
The company’s Livness Town Project is transforming suburban landscapes, breathing new life into communities.
From prefab marvels to cutting-edge commercial spaces, Daiwa's portfolio spans the spectrum.
2. China State Construction Engineering (CSCEC)
Market cap: $29.30bn
CEO: Wang Xiaoguang
Headquarters: Beijing, China
CSCEC, with 300,000 employees, partners globally on major projects.
Its portfolio spans bridges, sports centres and tunnels.
Within this portfolio, the Belt and Road Initiative drives CSCEC's international expansion. Key works from the company include the Fenghuangling Grand Bridge and National Ski Jumping Center.
In 2020, CSCEC demonstrated its capabilities by constructing two Wuhan hospitals in 10-12 days during the coronavirus outbreak.
1. Larsen & Turbo (L&T)
Market cap: $59.77bn
CEO: S.N. Subrahmanyan
Headquarters: Mumbai, India
L&T, an Indian multinational conglomerate, has grown from a Danish partnership in 1938 to a major player in engineering, construction and technology.
With 117,000 employees, L&T collaborates with Caterpillar, the world's largest manufacturer of construction and mining equipment, for heavy equipment distribution, supporting its infrastructure projects.
The company's portfolio spans from the Ayodhya Ram Temple to space hardware for Chandrayaan-3, India's third lunar exploration mission, aimed at achieving a soft landing on the Moon's surface.
L&T's engineering prowess is evident in the Mumbai Trans Harbour Link, the world's tallest statue (Statue of Unity), and the largest cricket stadium (Narendra Modi Stadium).
This diverse project range showcases L&T's capability to deliver complex infrastructure across various sectors, positioning it as a leader in sustainable development and technological innovation.
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