CIMIC Group

Last updated

CIMIC Group Limited
FormerlyLeighton Holdings
TypeSubsidiary
IndustryConstruction, Civil engineering
Founded1949
Founder Stanley Leighton
Headquarters North Sydney, New South Wales, Australia
RevenueA $14.9 billion (2022) [1]
Number of employees
25,500
Subsidiaries CPB Contractors
Leighton Asia
Broad Construction
Thiess
Sedgman
UGL
UGL Rail
Pacific Partnerships
EIC Activities
Website cimic.com.au

CIMIC Group Limited (formerly Leighton Holdings) is an engineering-led construction, mining, services and public private partnerships leader working across the lifecycle of assets, infrastructure and resources projects.

Contents

History

Logo used prior to April 2015 Leightonlogo.png
Logo used prior to April 2015

Founded in 1949 by Stanley Leighton, Leighton Holdings was first listed on the Melbourne Stock Exchange in 1962. [2] The company formed Leighton Asia, based in Hong Kong, in 1975. [3]

In July 1983 Leighton Holdings, purchased Thiess Contractors, with its major shareholder, Hochtief, becoming a shareholder in Leighton Holdings. [4] [5] [6] In April 1997, the Welded Mesh structural materials division was sold to Smorgon Steel. [7]

In 2000, Leighton Holdings bought a 70% stake in John Holland; this was increased to 99% in 2004 and 100% in December 2007. [8] Hochtief became a majority shareholder of Leighton Holdings in February 2001. [9]

In October 2013, Fairfax Media alleged that Leighton Holdings had made corrupt payments to Hussain al-Shahristani, Deputy Prime Minister of Iraq, to secure an oil pipeline contract in Iraq and other contracts. [10] Basil Al Jarah, the Iraq country manager for Unaoil, a Monaco-based company allegedly acting for Leighton Holdings, subsequently pleaded guilty to corruption. [11]

By March 2014, Spanish company ACS Group, through its acquisition of a majority shareholding in Hochtief, was the majority owner of Leighton Holdings. [12] In June 2014, Verdes also became chairman of Leighton's executive board. [13]

In December 2014, Leighton Holdings sold John Holland to China Communications Construction for $1.15 billion. [14]

In April 2015, Leighton changed its name to CIMIC Group (abbreviated from Construction, Infrastructure, Mining and Concessions). [15]

In March 2016, CIMIC purchased mining company Sedgman for A$256 million. [16] In December 2016, CIMIC purchased engineering company UGL Limited for A$524 million. [17]

In November 2021, the Ventia services division was spun off with CIMIC retaining a 33% shareholding. [18]

In March 2022, CIMIC was accused of arranging its affairs through the sale of its Middle Eastern business interests to avoid paying workers, subcontractors and suppliers in the region. Fatima Almass Al-Hamad, a judicial guard in Qatar, who was appointed by the court as an administrator of the Qatar business, Leighton Contractors Qatar, described the situation as "a humanitarian disaster". [19]

In April 2022, Hochtief increased its shareholding and commenced action to compulsorily acquire the remaining shares. [20]

In 2022, CIMIC was delisted from the Australian Securities Exchange. [21]

Structure

CIMIC Group includes the following businesses: [22]

Major projects

Star City Casino in 2007 Starcitycasino.jpg
Star City Casino in 2007

Major projects undertaken by Leighton Contractors (renamed CPB Contractors in January 2016) include:

Related Research Articles

Leighton may refer to:

Gammon Construction Limited is a Hong Kong construction and engineering contractor headquartered in Kwun Tong, Hong Kong. In addition to local construction projects, it is also involved in the construction and engineering of various projects in China and Southeast Asia.

<span class="mw-page-title-main">Brisbane Convention & Exhibition Centre</span> Convention center in Brisbane, Australia

Brisbane Convention & Exhibition Centre (BCEC) is a convention centre in Brisbane, Australia. It is located in South Brisbane and occupies most of the block formed by Grey Street, Melbourne Street, Merivale Street, and Glenelg Street. The centre is owned by South Bank Corporation and managed by ASM Global.

<span class="mw-page-title-main">Hochtief</span> German construction company

Hochtief AG is a German construction company based in Essen, North Rhine-Westphalia, Germany. Hochtief is Germany's largest construction company and operates globally, ranking as one of the largest general construction companies in the United States through its Turner subsidiary, and in Australia through a 90% shareholding in CIMIC Group. In 2010 it employed more than 70,000 employees across five corporate divisions. One of these, Hochtief Concessions, is a major airport operator. The others are involved with construction project planning, finance, construction and operation. Work done in 2010 was €23.23 billion, with more than 80% coming from operations outside Germany.

<span class="mw-page-title-main">UGL Rail</span> Australian railway rolling stock manufacturer

UGL Rail is an Australian rail company specialising in building, maintaining and refurbishing diesel locomotives, diesel and electric multiple units and freight wagons. It is a subsidiary of UGL Limited and is based in Melbourne, with a staff of 1,200 across Australia and Asia. It operates factories in Broadmeadow, Maintrain Auburn, Spotswood and Bassendean. While it used to operate a factory in Taree, the plant was shut down and the equipment sold off.

<span class="mw-page-title-main">ACS Group</span> Spanish company dedicated to civil and engineering construction

ACS, Actividades de Construcción y Servicios, S.A. is a Spanish company dedicated to civil and engineering construction, all types services and telecommunications. It is one of the leading construction companies in the world, with projects in many countries around the world. The company was founded in 1997 through the merger of OCP Construcciones, S.A. and Ginés Navarro Construcciones, S.A. The group has a presence in Germany, India, Brazil, Chile, Morocco and Australia. The headquarters are in Madrid and the chairman is Florentino Pérez. Listed on the Bolsa de Madrid, the company's shares form part of the IBEX 35 stock market index.

<span class="mw-page-title-main">Inland Rail</span> Railway line under construction in Australia

Inland Rail, also known as Inland Railway and previously Australian Inland Railway Expressway, is a 1727-kilometre (1073 mi) railway line under construction in Australia. Once complete, it will connect the ports of Melbourne and Brisbane along a new route west of the mountainous Great Dividing Range, bypassing the busy Sydney metropolitan area and allowing for the use of double-stacked freight trains. The route will also connect to the Sydney–Perth rail corridor, reducing journey times between Brisbane, Adelaide and Perth.

<span class="mw-page-title-main">Nextgen Networks</span> Australian communications company

Nextgen Networks is a wholly owned subsidiary of Vocus Group.

<span class="mw-page-title-main">Leighton Asia</span> Construction contractor based in Asia

Leighton Asia is an Asia-Pacific construction contractor, a part of the CIMIC Group, an Australian project development and contracting group. Leighton Asia is currently headquartered in Hong Kong, and has been operating in the continent for more than 45 years. Based in Hong Kong, the company also operates in Macau, Singapore, India, Indonesia, the Philippines, Thailand and Malaysia.

<span class="mw-page-title-main">High-speed rail in Australia</span> Overview of the high-speed rail system in Australia

High-speed rail in Australia has been under investigation since the early 1980s. Every Federal Government since this time has investigated the feasibility of constructing high-speed rail with speeds above 200 km/h, but to date nothing has ever gone beyond the detailed planning stage. The most commonly suggested route is between Australia's two largest cities, Sydney and Melbourne, which, as of 2023, is the world's sixth busiest air corridor. Various corridors have been proposed for a potential high-speed line. The distance between them is around 800 km (500 miles), which requires very high speeds to make trains competitive with air travel.

UGL, formerly known as United Group, is an engineering company. The company provides construction, maintenance, and asset management services to the rail, resources, and infrastructure sectors, and corporate real estate, facilities management, and business process outsourcing services to property users. Its clients are large companies, governments and institutions in Australia, New Zealand, Asia. It was purchased by the CIMIC Group in December 2016.

<span class="mw-page-title-main">John Holland Group</span> Infrastructure company based in Melbourne, Australia

The John Holland Group is an infrastructure, building, rail and transport business operating in Australia and New Zealand. Headquartered in Melbourne, it is a subsidiary of China Communications Construction.

<span class="mw-page-title-main">Redcliffe Peninsula railway line</span> Railway line in Australia

The Redcliffe Peninsula line is a 12 km (7.5 mi) stretch of heavy gauge dual-track railway between Petrie and Kippa-Ring on the Redcliffe peninsula. The new line is part of Queensland Rail's City suburban network, branching from the North Coast line. It starts 200 metres (656 ft) north of Petrie railway station, extending from.

Thiess Pty Ltd is an international mining services company based in Brisbane, Australia. Established in the 1930s as Horn & Thiess, the company later became Thiess Bros and Thiess Contractors before being bought by Leighton Holdings in 1983 to become part of the CIMIC Group. Thiess' headquarters are located in the Thiess Centre in South Bank in the Brisbane CBD near the TAFE Brisbane City campus.

<span class="mw-page-title-main">Transfield Holdings</span> Australian investment company

Transfield Holdings is a privately owned Australian investment company with experience in industrial services, infrastructure, and renewable energy.

<span class="mw-page-title-main">NSW TrainLink D set</span> Class of electric multiple units slated for NSW TrainLink Intercity services

The NSW TrainLink D sets, also referred to as the Mariyung trains, are a class of electric multiple units (EMU) being built to replace NSW TrainLink's Intercity EMU fleet. The trains will operate on services from Sydney to Newcastle, Lithgow and Kiama, allowing the retirement of NSW TrainLink's V set fleet, and freeing the H set fleet for reallocation to Sydney suburban services.

<span class="mw-page-title-main">Sydney Metro City & Southwest</span> Rapid transit project in Sydney, New South Wales, Australia

Sydney Metro City & Southwest is a 30-kilometre (19 mi) rapid transit project currently under-construction in Sydney, Australia. The project will extend the Metro North West Line from Chatswood on the North Shore, to Bankstown in the city's south-west via the Sydney central business district.

Metro Trains Sydney Pty Ltd (MTS) is the operator of the Sydney Metro. It is a joint venture between Hong Kong-based MTR Corporation, John Holland Group and UGL Rail formed in September 2014. It operates the network with a fleet of 22 Alstom Metropolis trains under a 15-year contract.

The Western Harbour Tunnel & Beaches Link is a planned underground motorway scheme in Sydney, New South Wales. It consists of a series of motorway tunnels running north-south between Burnt Bridge Creek Deviation (A8) at Balgowlah and the WestConnex at Rozelle Interchange, providing direct access from the Northern Beaches to the Inner West at Rozelle The six-lane motorway is planned to be approximately 18 km long and to be built with both State and Federal funding.

Sydney Metro Western Sydney Airport, previously known as Sydney Metro Greater West, is a rapid transit rail project currently under-construction in Greater Western Sydney. The project involves the construction of a 23-kilometre (14 mi) line as part of the Sydney Metro system. The line will operate between St Marys, where the line will connect to the Main Western railway line, and Badgerys Creek Aerotropolis via the Western Sydney Airport. It is intended to provide public transport for the upcoming Western Sydney Airport. Construction of the line started in December 2022 and is expected to be completed in late 2026 in time for the opening of the airport.

References

  1. ↑ "Annual Review and Sustainability Report". CIMIC. Retrieved 12 October 2023.
  2. ↑ Verrender, Ian (20 March 2014). "Leighton Holdings could face fresh ASIC inquiry into potential write-downs". ABC News . Retrieved 25 February 2019.
  3. ↑ "Embroiled in controversy, Leighton Contractors (Asia) has been a familiar name in many of Hong Kong's big infrastructure projects of recent decades". South China Morning Post. 2 February 2019. Retrieved 3 November 2022.
  4. ↑ Leighton plans to merge with construction giant Canberra Times 9 June 1983 page 23
  5. ↑ Chances for profit curbed, Leighton chairman says Canberra Times 25 October 1984 page 21
  6. ↑ Into the 1980s Thiess
  7. ↑ Smorgon Steel boosts stocks Australian Financial Review 17 April 1997
  8. ↑ "Australia's Leighton acquires 70% in John Holland". Asia Times. 25 January 2000. Archived from the original on 25 September 2000. Retrieved 2 April 2015.{{cite web}}: CS1 maint: unfit URL (link)
  9. ↑ "HOCHTIEF secures a majority stake in Leighton Holdings". 1 February 2001. Retrieved 24 August 2021.
  10. ↑ "Leighton Holdings accused of paying bribes in Iraq". ABC. 7 October 2013. Retrieved 4 January 2019.
  11. ↑ "Guilty plea in London exposes Australian company for alleged corruption". Sydney Morning Herald. 22 July 2019. Retrieved 4 January 2020.
  12. ↑ "Hochtief installs own CEO at helm of Leighton, sweetens offer to raise majority stake", Reuters , International, 2014, archived from the original on 14 March 2014, retrieved 30 June 2017
  13. ↑ "Leighton CEO appointed executive chairman". Fifth Estate. 11 June 2014. Archived from the original on 14 July 2014. Retrieved 27 December 2014.
  14. ↑ "Leighton signs agreement to sell John Holland to CCCC" (PDF). 12 December 2014. Archived from the original (PDF) on 27 December 2014. Retrieved 27 December 2014.
  15. ↑ "Leighton to change name to CIMIC in wake of corruption allegations". The Sydney Morning Herald. 20 March 2015. Retrieved 6 May 2015.
  16. ↑ "CIMIC makes $256m hostile takeover bid for Queensland's Sedgman". Sydney Morning Herald . 13 January 2016. Archived from the original on 26 February 2019. Retrieved 25 February 2019.
  17. ↑ "CIMIC to seize all of UGL after reaching 90pc threshold". Australian Financial Review. 19 December 2016. Retrieved 25 February 2019.
  18. ↑ Top 20 Shareholders and Shareholder Distribution Details Ventia 21 November 2021
  19. ↑ "Australia's biggest construction company, CIMIC, accused of not paying foreign workers in the Middle East". Australian Broadcasting Corporation . 3 March 2022. Retrieved 3 March 2022.
  20. ↑ Compulsory Acquisition of Shares in CIMIC Group Limited following takeover bid Clifford Chance 29 April 2022
  21. ↑ CIMIC Group Limited - Suspension from Official Quotation Australian Securities Exchange 6 May 2022
  22. ↑ "Our brands". CIMIC. Archived from the original on 20 April 2019. Retrieved 20 April 2019.
  23. ↑ Woden Parkway construction, The Canberra Times, Page 10, 19 September 1966
  24. 1 2 3 4 5 "About us: history". Leighton Holdings. Archived from the original on 11 December 2007. Retrieved 27 December 2014.
  25. ↑ Tallowa Contract Sets Record Archived 29 March 2016 at the Wayback Machine Leighton News Letter issue 16 August 1972
  26. ↑ "Bruce Stadium & National Indoor Stadium Precinct / National Athletics Stadium & National Indoor Sports & Training Centre" (PDF). Australian Institute of Architects ACT Chapter: Register of Significant Architecture. Archived from the original (PDF) on 2 April 2020. Retrieved 4 January 2020.
  27. ↑ "Bowen Bridge - Version One - construction of Bowen Bridge - joint venture Leighton Contractors and Candac Ltd - features Bob Hawke opening bridge". Libraries Tasmania. Retrieved 5 January 2020.
  28. ↑ Cox, Philip Sutton (2008). Cox Architects and Planners. Images Publishing. p. 224. ISBN   978-1920744076.
  29. ↑ "The Dream Becomes Reality". Western Roads. Perth, Western Australia: Main Roads Department. 15 (1): 1. March 1990.
  30. ↑ Cox, Philip Sutton (2008). Cox Architects and Planners. Images Publishing. p. 226. ISBN   978-1920744076.
  31. ↑ "Leighton to sell $48m stake in casino management company". Sydney Morning Herald. 12 February 2003. Retrieved 3 January 2020.
  32. ↑ "List of Current Contracts as at 31/12/96". Hong Kong Airport Core Programme. New Airport Projects Co-ordination Office, Government Secretariat. Retrieved 19 February 2018.
  33. ↑ "Olympic Park Rail Station". Sydney Architecture. Retrieved 5 January 2020.
  34. ↑ Jewell, Chris; Merrick, Noel (2003). "Modelling of the groundwater impact of a sunken urban motorway in Sydney, Australia" (PDF). RMZ – Materials and Geoenvironment. 50 (1): 229. Archived from the original (PDF) on 24 September 2015.
  35. ↑ Malpeli, Gareth (8 March 1999). "Leighton To Build Narrows Bridge". The West Australian . p. 28.
  36. ↑ "Introducing the great pyramid of Sydney". Sydney Morning Herald. 4 September 2005. Retrieved 5 January 2020.
  37. ↑ "Leighton leads $700m buyout of Cross City Tunnel - Business - Business". Sydney Morning Herald . 20 June 2007.
  38. ↑ Westpac Place Leighton Properties
  39. ↑ "Perth to Mandurah rail dispute settled". ABC News. ABC. 28 May 2009. Retrieved 5 January 2020.
  40. ↑ "North-West Transitways". Jackson Teece. Retrieved 5 January 2020.
  41. ↑ "Eagle's Nest Tunnel and Sha Tin Heights Tunnel" (PDF). Government of Hong Kong. Retrieved 5 January 2020.
  42. ↑ "Alliance named to build next stage of Eastern Busway". Queensland Government. 23 December 2008. Retrieved 5 January 2020.
  43. ↑ "Key Facts". New Perth Bunbury Highway. Southern Gateway Alliance. Archived from the original on 13 October 2009. Retrieved 15 March 2013.
  44. ↑ "The Clem Jones Tunnel – An engineering feat". Archived from the original on 6 July 2011. Retrieved 27 December 2014.
  45. ↑ "Leighton Abigroup to build Brisbane's Gateway Bridge". Earthmover & civil contractor. October 2006. Retrieved 27 December 2014.
  46. ↑ "ABC Headquarters". Southbank Corporation. Retrieved 5 January 2020.
  47. ↑ Deer Park - West Werribee Junction Regional Rail Link, Retrieved 4 January 2020
  48. ↑ "Leighton Awarded SIL (E) Contracts". Tunneling Journal. 19 May 2011. Retrieved 4 January 2020.
  49. ↑ Puddy, Rebecca (9 October 2018). "Royal Adelaide Hospital builder ordered to pay Chinese cladding company almost $2 million". ABC News. ABC. Retrieved 4 January 2020.
  50. ↑ "Northern Beaches Hospital nears completion". Infrabuild. 9 April 2018. Archived from the original on 8 August 2020. Retrieved 4 January 2020.
  51. ↑ "Leighton team scoops $2.7bn Sydney motorway". Construction Index. 8 June 2015. Retrieved 4 January 2020.
  52. ↑ "Financial close reached for Canberra metro rail project". Infra PPP World. 25 May 2016. Retrieved 4 January 2020.
  53. ↑ "Getting on with the job: $1.15 billion Tunnelling Contract on North West Rail Link". Transport for NSW. 25 June 2013. Retrieved 17 May 2019.
  54. ↑ "John Holland and CPB Contractors JV to build Melbourne's West Gate Tunnel Project". Global Construction. 13 December 2017. Retrieved 17 May 2019.
  55. ↑ "The big dig: New Harbour Metro crossing underway". Sydney Metro. 22 June 2017. Retrieved 17 May 2019.
  56. ↑ "Cimic Group wins rail and road contracts in Melbourne worth more than $600m". Global Construction Review. 2 October 2019. Retrieved 4 January 2020.
  57. ↑ "Parramatta Light Rail Contracts Signed". Government of New South Wales. 20 December 2018. Retrieved 5 January 2020.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.