Menu

Cimic's CPB Contractors wins Mining Infrastructure Works in Australia

Cimic Group company, CPB Contractors, has been selected by BHP Iron Ore to deliver the construction of bulk earthworks, concrete and underground services for the South Flank project in Western Australia’s Pilbara region. Revenue to CPB Contractors for this construct-only contract is approximately $260 million, with construction scheduled to commence in July and conclude in September 2020.

Read more...

Hochtief with strong FY 2017 results, robust order book and a solid Tender Pipeline

  • FY 2017: EUR 421 million nominal net profit (+31% year on year)
  • Sales up 14% accompanied by strong cash flow
  • EUR 30.4 billion new orders (+23%)
  • Hochtief is well positioned in attractive and growing markets
    • Strong tender pipeline in our core markets USA, Canada, Asia-Pacific and Europe of close to EUR 500 billion in project work for 2018 and beyond
  • Guidance for 2018 confirmed: Operational net profit of EUR 470–520 million (+4% to 15%)
  • Annual General Meeting in Essen to vote on 30% dividend increase to EUR 3.38 per share
  • Next transformation of the Group is focused on using digital environments
    • Innovation centers planned in North America, Australia and Europe
    • Close cooperation with leading universities
Read more...

Cimic's Leighton Asia wins Philippines Expressway Project

Cimic Group company, Leighton Asia, has been selected by MPCALA Holdings Inc. to construct the Cavite Laguna Expressway project (Cavite section) in the Philippines.


Revenue to Leighton Asia, which is part of Cimic Group construction company CPB Contractors, is approximately A$182 million1.

Construction is scheduled to commence in the second quarter of 2018 and be completed by 2020.

Cimic Group Chief Executive Officer Michael Wright said: “Cimic Group and Leighton Asia are committed to delivering high quality transport infrastructure solutions, and safer and more efficient traffic networks that support regional economies and better connect communities. We are pleased to contribute our major project experience and civil engineering capability to sustainably accommodate the future growth of the Cavite and Laguna regions.”

CPB Contractors and Leighton Asia Managing Director Juan Santamaria said: “Our team’s international expertise and local experience are delivering next-generation infrastructure and enhanced transport networks across the Philippines. We will continue to work with the client to achieve innovative and cost-effective solutions for this project.”

Works consist of the construction of a 28km, four-lane expressway, including bridges, interchanges, toll plazas and ancillary facilities.

The Cavite and Laguna regions are the most industrialised and urbanised areas in the Philippines, housing diverse international and multi-national electronic, automotive and manufacturing companies.

On completion, the expressway will reduce travel times from Cavite to Laguna by approximately 45 minutes.

1 Using the exchange rate of A$1=PHP38.54

Source: Hochtief AG

Read more...

Cimic Group announces 2017 full year financial Results

  •     2017 NPAT of $702m, up 21%, at top end of guidance
  •     Cash flows from operating activities1 of $1.5bn up 27%; EBITDA conversion rate 101%
  •     Robust financial position with net cash of $910m, up more than $500m
  •     Positive revenue2 trend, up 24% to $13.4bn
  •     WIH3 of $36bn; new work4 of $18.4bn; extensive pipeline
  •     2018 NPAT guidance of $720m to $780m, up 3% to 11%
Read more...
Subscribe to this RSS feed

Our Web Adresses

Idea and Programming