Jul 20, 2012
Chinese contractors top global rankingsBack
Construction|Engineering|ACS|Bouygues|China Communications Construction Group|China Metallurgical Group|China Railway Construction Corporation|China Railway Group|China State Construction Engineering Corporation|Petrochemicals|Resources|Vinci|Europe|Brazil|China|India|United States|USD|Energy|Oil And Gas|Petrochemicals|Railway Contractors|Chris Sleight
© Reuse this
Contractors from China took 23.2%, or $344-billion, of the $1.148-trillion revenue for the top 200 contractors, followed by Japanese contractors at 14.2%, or $211-billion, and US contractors at 12.1%, or $179-billion of total revenue.
Almost a quarter of the companies in the top 200 were from the developing world. This was a record number, and their total revenues of $460-billion, or 31% of the total, was also a record in terms of the absolute amount and the share of the top 200.
Total revenues for the top 200 contractors increased by 13% from the previous year. However, profitability, as measured by the average operating margin of the group of companies, was down on the previous year by 0.1 percentage points to 4.6%.
Total employment among the top 200 was estimated at 4.75-million people – a 4.6% increase on the previous year’s figure of 4.54-million employees.
“The slowdown in Chinese construction activity has clearly had an impact on this year’s rankings, but there was still growth for many of the country’s largest contractors last year. At the same time, we have seen improvements for global contractors focused on key areas such as energy and resources, and we have also seen a surge for companies in key emerging markets – most notably Brazil, and to a lesser extent, India,” report author Chris Sleight commented.
China State Construction Engineering Corporation overtook the country’s two largest railway contractors – China Railway Construction Corporation and China Railway Group – to claim the top spot in the top 200 ranking.
Two other Chinese contractors, China Communications Construction Group and China Metallurgical Group, were also ranked in the top 10. They were joined by Vinci, ACS, Bouygues and Hochtief from Europe, while Bechtel was the only US contractor in the top 10. The highest-placed Japanese construction company was Daiwa House at number 12.
Among the biggest climbers in the rankings were three companies involved in the petrochemicals and oil and gas construction sectors, including JGC and Petrofac. Heavy fallers included US residential construction companies D R Horton and PulteGroup, as well as Spanish contractors Sacyr and Ferrovial.
Edited by: Creamer Media Reporter© Reuse this Comment Guidelines (150 word limit)
Other Construction News
Updated 1 hour 14 minutes ago South African cement group PPC CEO and director Ketso Gordhan has resigned with immediate effect as a result of a “difference of opinion” with the board regarding board procedures for the approval of certain decisions. Nonexecutive chairperson Bheki Sibiya would now...
Updated 5 hours ago Despite a decline in construction activity, confidence in the civil construction industry, as measured by the First National Bank (FNB) and Bureau for Economic Research (BER) civil confidence index, increased in the third quarter of the year, FNB said on Monday....
Updated 44 minutes ago A series of unfortunate events led to Johannesburg and surrounding areas experiencing significant water shortages over the past week, City of Johannesburg mayoral committee member for development planning and urban management Roslynn Greeff said at a media briefing...
Updated 1 hour 7 minutes ago Based on reports submitted to National Treasury, municipalities owe water boards some R2-billion, Cooperative Governance and Traditional Affairs Minister Pravin Gordhan revealed in a written response to a Parliamentary question on Monday. Municipalities in the Free...
Updated 1 hour 21 minutes ago South African cement group PPC CEO and director Ketso Gordhan has resigned with immediate effect as a result of a “difference of opinion” with the board regarding board procedures for the approval of certain decisions. Nonexecutive chairperson Bheki Sibiya would now...
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
This Week's Magazine
While Ekurhuleni-based transformer manufacturer Reliable Transformers currently designs, manufactures and tests its products according to the SANS 780 specifications for distribution transformers and other applicable transformer specifications, it is working towards...
Global endpoint security solutions company Kaspersky Lab has introduced new measures to prevent cyber criminals from accessing sensitive data, alongside its malware-signature and heuristic device analysis detection methods. Threats to mobile devices have increased...
To ensure uptake and a positive impact, Wireless Fidelity (Wi-Fi) networks in cities must be provided at schools, community centres and commercial centres to enable citizens and government to access information that will improve access to and delivery of services....
Eco-estate Monaghan Farm, located near Lanseria airport, north-west of Johannesburg, has taken a new approach to modern living and sustainability with its 517 ha development, dedicated to farm living.
Forklift and lift-truck distributor Goscor Lift Hi-Reach launched the Genie SX-180, the tallest self-propelled super boom in Africa, in Johannesburg last month. “As the official distributor of the well-known Genie range of equipment in Southern Africa, we are pleased...