CIMIC Group
 | |
| Public | |
| Traded as | ASX: CIM |
| Industry | Construction, Civil engineering |
| Predecessor | Leighton Holdings Limited |
| Founded | 1949 |
| Headquarters | St Leonards, New South Wales, Australia |
Key people | Marcelino Fernandez Verdes, Executive Chairman |
| Revenue | A $23.13 billion (2012) |
| A $773.2 million (2012) | |
| A $450.1 million (2012) | |
| Parent | Hochtief |
| Website | www.cimic.com.au/ |
CIMIC Group Limited (formerly known as Leighton Holdings prior to April 2015) is a leading international contractor.[1] It is active in the telecommunications, engineering and infrastructure, building and property, mining and resources, and environmental services industries. It has operations in Australia, South East Asia, New Zealand, and the Middle East. Leighton Holdings changed its name to CIMIC Group Limited.[2][3]
CIMIC stands for Construction, Infrastructure, Mining and Concessions.[2]
History
Founded in 1949 by Stanley Leighton, an Englishman, Leighton Holdings was first listed on the Melbourne Stock Exchange in 1962. It established an operation in Asia, known as Leighton Asia in 1975.
In March 2014, the majority owner of Leighton, Hochtief, installed its own CEO, Marcelino Fernandez Verdes, as the firm's CEO.[4]
In June 2014, CEO Marcelino Fernandez Verdes elevated to executive chairman following the retirement of board member Bob Humphris.[5]
In April 2015 Leighton Holdings changed its name to CIMIC Group (abbreviated from "Construction, Infrastructure, Mining and Concessions").[6]
Operations
CPB Contractors
CPB Contractors is the core contracting business around which the rest of the structure of the group has been formed. It was rebranded from Leighton Contractors in January 2016.[7]
John Holland Group
Leighton Holdings formerly owned the John Holland Group, a major Australian construction, rail and tunnelling group. In 2000, Leighton Holdings bought a 70% stake in the company, this was increased to 99% in 2004 and 100% in December 2007.[8] In December 2014, Leighton Holdings sold John Holland to China Communications Construction for $1.15 billion.[9]
Thiess
Thiess is an Australian integrated construction, mining and services provider, and Thiess Services, an environmental and utilities contracting organisation and an subsidiary of parent company Thiess. Originating in Queensland in 1934, Thiess became a part of the Leighton Group in 1983.[10]
Middle East
The business owns a 45% share in the Al Habtoor Leighton Group, one of the leading construction groups in the Middle East.
Leighton Asia, India and offshore
The business operates in India, Sri Lanka, Malaysia, Hong Kong, Indonesia, Singapore, Brunei, Vietnam, Philippines and Mongolia as well as oceangoing barges.
Leighton Properties
The business is a property development company in commercial, residential and mixed-use precincts, established in 1972 and operating in Australia.
Major projects
Major projects undertaken by Leighton Holdings include:
- Ross River Dam completed in 1971[11]
- Anglo-Australian Observatory completed in 1971[11]
- Tallowa Dam completed in 1976[12]
- Burdekin Dam completed in 1987[11]
- Brisbane Airport completed in 1988[11]
- ABC Centre, Ultimo completed in 1991[11]
- Star City Casino completed in 1997[13]
- Eastern Distributor tunnel completed in 1999[14]
- Westpac Place, Sydney completed in 2006[15]
- Clem Jones Tunnel completed in 2010[16]
- Gateway Bridge Duplication completed in 2011[17]
- Airport Link, Brisbane which was opened in 2012[18]
Ownership
About 70% of the shares in Leighton Holdings are held by Hochtief.[19] Grupo ACS in turn is the parent company of Hochtief.
References
- ↑ Leighton Holdings Website
- 1 2 "Leighton to change name to CIMIC in wake of corruption allegations". Retrieved 2015-05-06.
- ↑ "No Cookies | dailytelegraph.com.au". www.dailytelegraph.com.au. Retrieved 2015-05-06.
- ↑ Hochtief installs own CEO at helm of Leighton, sweetens offer to raise majority stake, International: Reuters, 2014
- ↑ "Leighton CEO appointed executive chairman". Fifth Estate. 11 June 2014. Retrieved 27 December 2014.
- ↑ "Leighton to change name to CIMIC in wake of corruption allegations". Sydney Morning Herald. 20 March 2015. Retrieved 6 May 2015.
- ↑ Our new brand Leighton Contractors 1 December 2015
- ↑ "Australia's Leighton acquires 70% in John Holland". Asia Times. 25 January 2000. Retrieved 2 April 2015.
- ↑ "Leighton signs agreement to sell John Holland to CCCC" (PDF). 12 December 2014. Retrieved 27 December 2014.
- ↑ "What is the future for Leighton as Hochtief moves in?". The conversation. 13 March 2014. Retrieved 20 March 2016.
- 1 2 3 4 5 "About us: history". Leighton Holdings. Retrieved 27 December 2014.
- ↑ Tallowa Contract Sets Record Leighton News Letter issue 16 August 1972
- ↑ Star City Casino Leighton Contractors
- ↑ "Eastern Distributor". Leighton Holdings. Retrieved 27 December 2014.
- ↑ Westpac Place Leighton Properties
- ↑ "The Clem Jones Tunnel - An engineering feat". Retrieved 27 December 2014.
- ↑ "Leighton Abigroup to build Brisbane's Gateway Bridge". Earthmover & civil contractor. October 2006. Retrieved 27 December 2014.
- ↑ "Leighton, Macquarie win contract to build Brisbane airport link". Herald Sun. 19 May 2008. Retrieved 27 December 2014.
- ↑ Financial report 2014