Anhui Foreign Economic Construction Group
Anhui Foreign Economic Construction Group (AFECC) is a Chinese construction and mining company with an international focus that includes 14 overseas subsidiaries in Asia, Europe, Africa, the Caribbean, and Pacific Islands. Based on the value of 2011 deals, the company ranks among the top 225 contractors in terms of international projects.
Native name | 安徽省外经建设(集团)有限公司 |
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Company type | Private |
Industry | Civil engineering, mining |
Headquarters | , |
Area served | Worldwide |
Website | www |
In its charitable giving, the company contributed $1.5 million towards a week long phase of a medical mission called the "Brightness Trip", in which a medical team visiting the hospitals of Malawi treated patients with cataract conditions.
Due to a high debt burden, the company defaulted on RMB 6.7 billion in bonds in June 2019. Chinese regulators were slow to recognize the risk, rating the company's bonds AA+ a month before the default.