Formerly | Leighton Holdings |
---|---|
Type | Subsidiary |
Industry | Construction, Civil engineering |
Founded | 1949 |
Founder | Stanley Leighton |
Headquarters | North Sydney, New South Wales, Australia |
Revenue | A $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.
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]
CIMIC Group includes the following businesses: [22]
Major projects undertaken by Leighton Contractors (renamed CPB Contractors in January 2016) include:
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.
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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.
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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.
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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.
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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.
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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.
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