Wednesday, 22 July, 2020 - 14:00
CIMIC boosts order book by $180m
CIMIC Group’s maintenance and turnaround specialist business has secured $180 million in work, including at BP Australia's oil refinery in Kwinana.
CIMIC Group (formerly Leighton Holdings) is one of the world’s leading international contractors. The group consists of subsidiaries CPB Contractors (formerly Leighton Contractors), Thiess, Sedgman, Pacific Partnerships, and EIC Activities. CIMIC also wholly owns Perth-based construction company Broad (through CPB Contractors), and has a 45% investment in the Habtoor Leighton Group, a 59.11% investment in Devine, and a 50% investment in Ventia.
Leighton was founded in 1949 and listed on the Australian Securities Exchange in 1962. CIMIC has been majority owned by German construction company HOCHTIEF since 2001. In 2014 HOCHTIEF increased its holding to more than 70% in a proportional takeover deal. After the sale of John Holland in April 2015, the company changed its name to CIMIC Group and restructured its subsidiaries into distinct sectors (eg. Leighton Contractors absorbed the construction operations of Thiess, which became solely devoted to contract mining).
Rank | Company | # | |
---|---|---|---|
30th | - | CIMIC Group | $9.75bn |
207th | - | Redbubble | $555.12m |
212th | - | Mosaic Brands | $523.96m |
222nd | - | Amaysim Australia | $490.50m |
226th | - | Huon Aquaculture Group | $462.04m |
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CIMIC Group’s maintenance and turnaround specialist business has secured $180 million in work, including at BP Australia's oil refinery in Kwinana.
CIMIC Group is negotiating the sale of a 50 per cent stake in its mining services division to an affiliate of investment firm Elliott Management.
CIMIC Group’s maintenance and shutdowns business has secured $200 million in contracts with the likes of Rio Tinto, BHP and Roy Hill Holdings.
CIMIC Group’s construction business has secured $128 million in new work including with Fortescue Metals Group for its Iron Bridge magnetite project.
CIMIC Group has disclosed a drop in net profit during the past nine months, but says it is closer to finalising the sale of its Thiess subsidiary.
CIMIC Group has confirmed the 50 per cent sale of its mining contractor, Thiess, to an entity based in the UK.
CIMIC Group has lost a four-year dispute against Chevron over work completed at its Gorgon natural gas project off the WA coast.
Our board moves wrap includes Juan Santamaria, Marcelino Fernandez Verdes, Adolfo Valderas, Angel Muriel, Dale Ginn, Robert Jewson, Phil Warren, Mark Ewing, Greg Boulton, David Turvey, Craig Hart, Richard Little, Sean Gregory, Robert Klug, Abdullah Mwinyi, Jessamyn Lyons, Julia Beckett, Shaun Menezes, and Ian Hobson.
Perth-based Decmil Group has added $140 million to its order book after securing the works to upgrade a rail line in Victoria, as part of a consortium.
Perth-based GSC Contracting is suing industry giant CPB Contractors for allegedly failing to pay a $2.3 million bill for the rehabilitation of nine BHP mining accommodation camps.
Perth business Southern Cross Electrical Engineering has won a suite of new contracts, including with ADCO Constructions and CIMIC.
UGL has won a contract worth up to $400 million for maintenance and turnaround work with Chevron.
ASX-listed companies have detailed roughly $2 billion in JobKeeper payments spanning the last two financial years, with only a handful making voluntary repayments.
BHP has brought on one of CIMIC Group’s subsidiaries to oversee a debottlenecking project at the miner’s Nelson Point iron ore port in Port Hedland.
UGL has been selected to build the Kurri Kurri gas power plant in NSW, under a $185 million contract.
Australian contractor CIMIC has told shareholders to take no action in response to a takeover proposal from majority shareholder HOCHTIEF that lifted shares by 33 per cent.
CIMIC subsidiary CPB Contractors has booked a $395 million contract for surface civil and alignment works for the Western Sydney Airport rail link.
CIMIC Group is set to fork out roughly $492.5 million to settle an arbitration dispute over work at the Ichthys LNG plant in Australia’s North West.
Our board moves wrap includes Pedro Vicente, Josh Hunt, Mark Calderwood, and Steven Wood.
CPB Contractors has been tasked with building a two-kilometre-long fence at BHP’s iron ore operations in Port Hedland in a bid to ease dust emissions in the area.
BHP has joined Rio Tinto in committing to assemble some of its iron ore rail cars in Perth, in a move the state government hopes will lead to more substantial manufacturing in future.
Parliament has heard further details of the state government's settlement with John Holland following the end of legal wrangling over its work on Perth Children's Hospital.
CIMIC Group subsidiary UGL has secured more than $200 million in various energy and resource contracts in WA.
Three years after being named WA’s Innovator of the Year, crane technology company Roborigger is getting commercial traction.
CIMIC Group subsidiary CPB Contractors has been awarded a Rio Tinto contract valued at $250 million.
CIMIC Group subsidiary CPB Contractors has locked in $105 million worth of work at BHP Nickel West’s Mt Keith project in the northern Goldfields.
Local contractors will share in a raft of new work building the iron ore mine being developed by Rio Tinto and Chinese steel major Baowu Group.
CIMIC Group's UGL has won $600 million of work in WA, with more than half coming from the largest contract awarded by Albemarle Corporation in Australia.
CIMIC Group has been contracted by the Department of Defence to undertake work on Royal Australian Air Force Bases Curtin and Learmonth in the state’s north.
The estimated cost of redevelopment work at RAAF Base Learmonth near Exmouth is $662 million, a Department of Defence submission to a federal inquiry has revealed.
Around 150 workers at CIMIC Group subsidiary UGL have been stood down at Albemarle’s Kemerton lithium plant expansion, with the contractor’s role on the project coming to an end.
CIMIC Group subsidiary Sedgman has expanded its service offering in the critical minerals sector by purchasing Minsol Engineering just four years after the West Perth business was established.
CIMIC Group subsidiaries Sedgman and CPB Contractors have won a $757 million contract from BHP.
Engineering firm UGL will undertake a major power network maintenance and upgrade program for Western Power under a $125 million deal announced on Friday.
US-based Albemarle will shut down parts of its Kemerton lithium hydroxide operation, a move that impacts 300 local jobs and contractor Monadelphous.
A CIMIC subsidiary has proposed a 1,311-room, six-storey accommodation village, valued at approximately $550 million.
A Gina Rinehart-backed battery metals company has begun commissioning its lithium million hydroxide testing plant in central Germany.
The commercial contractor behind two Metronet stations, the State Football Centre and Elizabeth Quay, will be absorbed into its parent company amid several redundancies.
A development assessment panel has knocked back a $500 million plan to build a workers’ camp in South Hedland over issues on the design and the mystery surrounding the tenant.
HBF’s legal action against the developers behind Kings Square, including Cimic Group and companies linked to Seven Network, continues in the state’s highest court.
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