McConnell Dowell

McConnell Dowell
Industry construction and engineering
Founded 1961 (1961) in Auckland, New Zealand[1]
Founders Malcolm McConnell and Jim Dowell
Owner Aveng Limited[2]
Number of employees
 over 5,600[2] (2015)
Website macdow.com.au

McConnell Dowell is a major infrastructure construction company founded in New Zealand in 1961. It is now a wholly owned subsidiary of Aveng, which is listed on the Johannesburg Stock Exchange in South Africa.[2] McConnell Dowell operates in New Zealand, Australia, Asia and the Middle East.

History

McConnell Dowell was formed in 1960 by two New Zealand engineers, Jim Dowell and Malcolm McConnell. It was involved in pipeline projects in New Zealand before expanding to Australia, Asia and the Middle East in the 1970s.[3]

McConnell Dowell was listed on the New Zealand Stock Exchange in 1983 as part of the arrangements to take over Hamilton construction company Hawkins Holdings. During the remainder of the 1980s, McConnell Dowell also ventured outside of the engineering field int banking and finance, through shareholdings in National Insurance Company of New Zealand, National Pacific Corporation, Renouf Partners, Kupe and property development of the Robert Jones Tower in Auckland.[3]

Following the 1987 stock market crash, McDonnell Dowell merged with Inter-Pacific Equity,[4] an Australian investment bank, and sold off National Pacific to Government Life Insurance. Morrison Knudsen (USA) took up 48.9% of McConnell Dowell in 1991, but in the mid-1990s sold its share to Dominion Bridge Corporation (Canada) who then held 63%. In 1999, Dominion Bridge sold its share to LTA Ltd (South Africa) which was acquired by Aveng the next year.[3] Aveng acquired full ownership from the remaining minority shareholders in 2003 via a scheme of arrangement.[5][6]

McConnell Dowell bought a majority interest in South Australian company Built Environs in 2008.[7]

McConnell Dowell is one of the construction partners in Stronger Christchurch Infrastructure Rebuild Team which is responsible for rebuilding infrastructure in Christchurch following the Christchurch earthquakes of 2010 and 2011.[8]

Major projects

Some of the major projects that McConnell Dowell has built include:

Safety

In the early 2010s, McConnell Dowell was accused of lacking safety culture, and encouraging workers to report injuries as having occurred in their own time to preserve clean injury reports to leverage getting future large contracts.[10] It claims to have improved its safety practices significantly over the last 30 years.[11]

References

  1. ↑ "History". McConnell Dowell. Retrieved 25 November 2015.
  2. 1 2 3 "About Us". McConnell Dowell. Retrieved 25 November 2015.
  3. 1 2 3 "Brian Gaynor: National sale worries central bankers". NZ Herald. 29 July 2003. Retrieved 26 November 2015.
  4. ↑ "MCCONNELL DOWELL GROUP LIMITED (MDG) Delisted from ASX 20/01/1988". Deslisted.com.au. Investogain Limited. Retrieved 26 November 2015.
  5. ↑ "MCCONNELL DOWELL CORPORATION LIMITED (MDC) Delisted from ASX 29/08/2003". Deslisted.com.au. Investogain Limited. Retrieved 26 November 2015.
  6. ↑ "MCCONNELL DOWELL CORPORATION LIMITED (MDC) Delisted from ASX 29/08/2003". Deslisted.co.nz. Investogain Limited. Retrieved 26 November 2015.
  7. ↑ "About: McConnell Dowell Group". Built Environs. Retrieved 25 November 2015.
  8. ↑ "Who we are". Stronger Christchurch Infrastructure Rebuild Team. Retrieved 26 November 2015.
  9. ↑ "McDonnell Dowell Corporation Limited". Australian Constructors Association. Retrieved 25 November 2015.
  10. ↑ Wall, Tony (25 August 2013). "McConnell Dowell workers allege 'appalling' safety culture". Stuff.co.nz. Fairfax New Zealand Limited. Retrieved 26 November 2015.
  11. ↑ Naidu, Vijay (5 June 2015). "McConnell Dowell – a view from the top". Contractor. Contrafed Publishing Co. Ltd.
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