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Leighton tops contruction list for third straight year

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Leighton tops contruction list for third straight year

October 2007

The Leighton Group has topped the list of Australia’s 100 largest commercial construction companies for 2006-07, the third consecutive year the company has achieved this feat.

The ninth annual Housing Industry Association HIA-AI Group-Reed Construction Data Construction 100, launched today by the New South Wales Premier, the Honourable Morris Iemma, shows that in a year when commercial construction by the private sector increased by 16.5 per cent to $75.8 billion, the Leighton Group won contracts worth over $11 billion.

HIA’s Executive Director of Housing and Economics, Mr Simon Tennent, said that over 2006/07 the largest 100 companies won contracts worth $55.3 billion, the highest value in the history of the report. The contracts won over 2006/07 were equal to 68 per cent of all non-residential construction work started.

“The largest ten companies accounted for 55 per cent of work won by the 100 largest companies, while the largest twenty companies accounted for 71 per cent of work won,” Mr Tennent said.

“The Leighton Group, through Leighton Contractors, Thiess Contractors, John Holland, and HWE Contracting, won contracts across all areas of construction except for multi-unit housing. Abigroup Pty Ltd was second on the list with $4.6 billion worth of work covering all construction areas except multi-unit construction and mining. BGC Construction Ltd was third on the list with $2.6 billion worth of construction spread across all sectors except for the industrial segment.”

“Contracts won by the Construction 100 in 2006/07 increased more than four-fold to a new record high. The previous high was $41.4 billion reached in 2003/04. For the largest companies, the fastest growing segment of the market was the civil engineering sector where the value of work won was more than 10 times larger than in 2005/06,” Mr Tennent said.

“Total industry starts surged ahead by 41 per cent over 2006/07. Starts increased by 129 per cent over 2001/02 – 2006/07, a clear testament to the strength of the current up-cycle,” Mr Tennent added.

Ai Group Chief Executive Heather Ridout welcomed the publication being released in conjunction with Ai Group. “The publication’s release comes at a time when the construction sector as a whole has recovered to thirty year highs in terms of its share of national output and employment.”

“The industry should continue to grow solidly over the next few years, driven by the mining and infrastructure sectors, though skills shortages remain an ongoing concern. In addition, the whole concept of environmental sustainability will pose major issues for the industry in the period ahead and will present the usual combination of challenge and opportunity,” Mrs Ridout said.

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