R/€ = 15.25Change: -0.24
R/$ = 14.39Change: -0.25
Au 1067.73 $/ozChange: -4.32
Pt 847.50 $/ozChange: 2.00
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?

And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters About Us
RSS Feed
Article   Comments   Other News   Research   Magazine  
Jul 20, 2012

Chinese contractors top global rankings

Construction|Engineering|ACS|Bouygues|China Communications Construction Group|China Metallurgical Group|China Railway Construction Corporation|China Railway Group|China State Construction Engineering Corporation|Contractor|Gas|India|Petrochemicals|Resources|Vinci|Europe|Brazil|China|United States|USD|Energy|Oil And Gas|Petrochemicals|Railway Contractors|Chris Sleight
Construction|Engineering|Contractor|Gas|Petrochemicals|Resources|||||Energy|Oil And Gas|Petrochemicals||
© Reuse this

Chinese contractors topped International Construction’s 2012 ranking of the world’s 200-largest construction companies for the second year running and once again took the largest share of total revenue.

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 Infrastructure News
The lack of consequences for poor performance and transgressions on the part of contractors remains a significant hurdle to tackling South Africa’s service delivery challenges, delegates heard at the Consulting Engineers South Africa Infrastructure Indaba, on...
TRANSPORT TRANSFORMATION The GO!Durban transit system will comprise metro rail transit, rapid bus transit, road-based feeder services and complementary rail and bus services
The implementation of new public transportation systems requires the consideration of the existing system and infrastructure requirements, while having the foresight to anticipate future system needs, says engineering, project and construction management services...
Construction work on the new Gauteng industrial development zone (IDZ), near the OR Tambo International Airport, has started, with civil engineering contractor Liviero at the end of October turning the first sod at the project.   The proposed IDZ is situated in...
Latest News
Updated 48 minutes ago Nigeria's Oando plans to build a gas plant for up to $350-million as it focuses on integrating gas production with its supply business, the head of the gas and power unit said on Thursday. Bolaji Osunsanya, MD of Oando Gas and Power said the plant, with a capacity to...
WTO director-general Roberto Azevedo
Updated 3 hours ago World trade talks are deadlocked and ministers are unlikely to find a way out of the impasse when they meet in Nairobi next month, World Trade Organization director-general Roberto Azevedo said on Thursday. "We clearly are stuck in the negotiations at this point in...
Recent Research Reports
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 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 infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
This Week's Magazine
The BMW Group will invest R6-billion at BMW Group South Africa’s (BMW SA’s) Rosslyn plant to produce the next-generation X3 sports-activity vehicle (SAV) for the local and export markets. Rosslyn will continue production of the current 3 Series through its lifecycle,...
The lack of consequences for poor performance and transgressions on the part of contractors remains a significant hurdle to tackling South Africa’s service delivery challenges, delegates heard at the Consulting Engineers South Africa Infrastructure Indaba, on...
City of Ekurhuleni executive mayor Mondli Gungubele earlier this month officially named the city’s bus rapid transit (BRT) system, Harambee.
NICK CHRISTODOULOU As about 58% of data stored by organisations is dark, they must identify this dark data to expose risks and valuable information
About 58% of unstructured data stored by companies is dark data, which means that the value or regulatory importance of the data has not been determined. Subsequently, most of the stored data add costs, rather than increasing revenue or reduce regulatory risks, says...
BRIAN VERWEY Effective management, review and administration of non-core elements can improve business operations and increase revenue and decrease unforeseen risks
Effective logistics, import/export and manufacturing consulting services require detailed industry knowledge and experience, but can add significant value to these industries by providing expert advice on various technical elements in their value chains, says...
Alert Close
Embed Code Close
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96