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 Property Developments News
JSE-listed Freedom Properties has appointed Jan Francois (Franky) Pretorius as CFO and FD to succeed Richard Eaton, who resigned on October 17. Pretorius is a qualified chartered accountant and completed his articles with KPMG, where he was eventually promoted to...
Despite South Africa’s industrial property sector outperforming the retail and office property markets, the fundamentals were not conducive to major expansions, investment analysis and market indexcompany MSCI subsidiary IPD executive director Stan Garrun said on...
Updated 2 hours 8 minutes ago The North West provincial government remains steadfast in its commitment to provide clean water to residents in Mahikeng, premier Supra Mahumapelo said on Wednesday. Mahumapelo launched a R300 million project for the upgrading of the Mmabatho Water Treatment Works as...
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
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.
This Week's Magazine
The broad-based black economic-empowerment (BBBEE) alignment process in the con-struction sector has begun, dur-ing which the sector codes of the Construction Sector Charter Council (CSCC) will be aligned with the revised Codes of Good Practice (CoGP), which come...
It is second time lucky for Toby Venter. Ten years ago he negotiated to buy the Kyalami racetrack, but “the deal did not materialise”.
Environmental solutions company I-Cat started construction work on its R22-million, 1 949 m2 environmentally sustainable office and warehouse facility, commissioned by I-CAT Environmental Solutions, at a launch event in October. The new sustainable I-CAT campus,...
Effective file synchronisation and sharing across an organisation’s structures can provide the basis for robust mobile-device and document management while maintaining proper backup, version control and content distribution. These are the lessons learned by complex...
Hotel group Carlson Rezidor currently holds the largest hotel pipeline in Africa with 30 hotels and 6 300 rooms under development. The hotel group develops and operates Radisson Blu in the upper upscale segment and Park Inn by Radisson in the mid-market segment. With...