Leuk BAM weetje! :-)
Top ten construction companies performance in the World
Infra News - Published on Mon, 22 Oct 2018
Image Source: constructionglobal.com
Tharawat Magazine reported that while performance indicators vary from region to region, as a whole, construction is thriving. Collectively, the global construction industry did USD 11.4 trillion worth of business in 2018, which is projected to increase to USD 14 trillion by 2025. Much of this activity will occur in Asia, with China, Japan and India leading the way. Despite concerns over China’s glut of residential properties currently on the market, any downturn will likely be offset by an increase of infrastructure projects elsewhere across the region. There is uncertainty in Europe over Brexit, but the business-friendly policies of the current United States administration bode well for increased expansion there.
Here is a list of the ten biggest construction companies in the world, three of which are family-owned:
10. Laing O’Rourke
Country of Origin: UK
Revenue (2017): GBP 3.2 billion (approximately $4.2 billion)
Number of Employees: 15,000
Founded by Ray O’Rourke in 1978, family-owned Laing O’Rourke is the largest construction company in the UK. Known initially as R. O’Rourke & Son the name change occurred in September 2001 to reflect the acquisition of Laing Construction.
Laing O’Rourkeis fully international with operations in Canada, Europe, the Middle East, Asia and Australia. The firm prides itself on being a full-service operation with capabilities including ‘buildability’ studies, design for manufacture and assembly, remediation and enabling works, logistics management and integrated construction delivery.
Laing O’Rourke’s Moorebank Units Relocation Project earned the prestigious 2016 Australian Construction Achievement Award. The Leadenhall Building, assembled from prefabricated sections built outside of London, is a defining feature of the British capital’s skyline.
9. Royal BAM Group
Country of Origin: Netherlands
Revenue (2017): EUR 7.404 billion (approximately $8.5 billion)
Number of Employees: 26,000
In 1869 the Royal Bam Group was founded by Adam van der Wal in Holland and remained a family-owned business for three generations. In 1927, the company made the transition to a publicly traded corporation and was renamed Bataafsche Aanneming Maatschappij van Bouw – en Betonwerken or BAM. By following a strategy of continuous acquisition, the company has continued to expand, especially through the late 1990s and early 2000s.
Bam focus primarily on property, civil engineering, and public-private partnerships. Significant projects include the Amsterdam Arena football stadium, the Antwerp Law Courts, the Quadrant:MK in Milton Keynes and the Euroborg football stadium for FC Groningen.
8. Skanska
Country of Origin: Sweden
Revenue (2017): USD 15 billion
Number of Employees: 40,000
Aktiebolaget Skånska Cementgjuteriet also known as Skanska, was founded by Rudolf Fredrik Berg in Malmö, Sweden in 1887. It is credited with building a significant amount of Sweden’s infrastructure including roads, power plants, offices and housing. The company primarily serves Scandinavia, Europe, and North America.
Skanska’s 40,000 employees comprise one of its largest shareholder groups through the Skanska employee ownership program. Among its most significant projects are the MetLife Stadium in New York, the A1 Motorway in Poland, and the Öresund Bridge in Sweden.
7. STRABAG
Country of Origin: Austria
Revenue (2017): EUR 13 billion (approximately USD 15.06 billion)
Number of Employees: 72,000
Strabag SE is an Austrian construction company headquartered in Vienna. The company has roots tracing back to 1835 when Anton Lerchbaumer founded ILBAU, which through several mergers would become Strabag. Today Strabag is the largest construction company in Austria.
Strabag specialises in civil engineering and transportation infrastructure. One of Strabag’s better-known projects is the world’s largest indoor skydive centre in Abu Dhabi.
6. Larsen and Toubro
Country of Origin: India
Revenue (2017): USD 17 billion
Number of Employees: 104,000
In 1938, Larsen and Toubro (L&T) was founded in Mumbai by Henning Holck-Larsen and Søren Kristian Toubro, two Danish engineers who were working there at the time. Their early efforts focused on manufacturing dairy equipment but as the company grew, so did its reach. By 1944, the partners incorporated ECC today, which is the primary construction division of L&T to this day.
L&T is an industry leader in construction and engineering, as well as technology, manufacturing and financial services. Primary areas of focus are hydrocarbon, infrastructure, power, process industries and defence.