CIMIC Group
 A leading international contractor | |
| Public | |
| Traded as | ASX: CIM |
| Industry | Construction, Civil engineering |
| Predecessor | Leighton Holdings Ltd |
| Founded | 1949 |
| Headquarters | St Leonards, New South Wales, Australia |
Key people |
Marcelino Fernandez Verdes, Executive Chairman Marcelino Fernandez Verdes, CEO |
| 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
Leighton Contractors
Leighton Contractors is the core contracting business around which the rest of the structure of the Leighton Group has been formed.
John Holland Group
Leighton Holdings formerly owned the John Holland Group, a major Australian construction, rail and tunnelling group. Founded in 1949 by John Holland (later Sir John Holland),[7] this entity built Parliament House in Canberra in joint venture with Concrete Constructions, a structure completed in 1988.[8]
In December 2014, Leighton Holdings entered a binding agreement for the sale of John Holland to Chinese construction giant, CCCC International Holding Limited, a wholly owned subsidiary of the Chinese Communications Construction Company. The sale of John Holland was completed for approximately A$1.15 billion.[9]
Thiess
Leighton Holdings also owns Thiess, 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 when Hochtief first bought shares in Leighton.
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 the Ross River Dam completed in 1971,[10] the Anglo-Australian Observatory completed in 1971,[10] the Burdekin Dam completed in 1987,[10] Brisbane Airport completed in 1988,[10] the ABC Centre in Ultimo completed in 1991,[10] the Eastern Distributor tunnel completed in 1999,[11] the Clem Jones Tunnel completed in 2010,[12] the Gateway Bridge Duplication completed in 2011,[13] and the Airport Link in Brisbane which was opened in 2012.[14]
Ownership
About 70% of the shares in Leighton Holdings are held by Hochtief.[15] 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.
- ↑ Bright sparks biography
- ↑ Project Team reunion
- ↑ "Leighton signs agreement to sell John Holland to CCCC" (PDF). 12 December 2014. Retrieved 27 December 2014.
- 1 2 3 4 5 "About us: history". Leighton Holdings. Retrieved 27 December 2014.
- ↑ "Eastern Distributor". Leighton Holdings. Retrieved 27 December 2014.
- ↑ "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