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HOCHTIEF Construction Services
Americas Division:
Leading in Growth Markets
- Significant profit increase in financial year 2006
- HOCHTIEF subsidiaries with new orders and order backlog at record levels
- Turner: high demand for "Green Buildings"
- Sale of Aecon share continues tightening of international participations portfolio
Divisional profit up 22 percent
Profit before taxes in the Americas division was up a good 22 percent over the 2005 figure. Both the stable US and Brazilian construction sectors and successful implementation of strategies in their operations contributed to this gratifying result. The sale of our stake in the Canadian Aecon Group also had a positive impact.Turner order backlog at record level
The strong American construction market continues to make for a high level of new orders and good utilization of resources at our US subsidiary Turner. This represents a 13.6 percent increase over 2005 results and is the strongest sales year in the company's history. For the first time, new orders as well as the total order backlog surpassed the USD 10 billion mark. An impressive number of major contracts was awarded to Turner in 2006, of which 20 had a total order volume of more than USD 100 million.Top market position maintained
Turner continues to be recognized as a leading general builder in the US construction industry, as shown once more in Engineering News-Record's annual ranking. In 18 of the market categories that Engineering News- Record tracks, Turner ranked among the top ten. In the growth segments of healthcare, education and commercial markets Turner maintained its number one position with several major awards. Projects Turner began in 2006 include a 32-story office tower in San Francisco, California. The approximately 46,000 square meter complex includes an open outdoor plaza and almost 400 square meters of retail space. Turner has been the leading healthcare builder for more than 20 years. One of its projects in the healthcare field is construction of a cancer center at Yale-New Haven Hospital in For further information, please visit:www.turnerconstruction.com und
www.hochtief.com.br.
Connecticut which represents a contract volume of EUR
195 million. Turner will add 47,500 square meters to the
existing building complex.
Another major project awarded to Turner in 2006 is the new
Terminal 5 for the airline JetBlue at JFK International Airport
in New York. The EUR 360 million project includes 26 gates,
terminal access roadways and associated airfield construction.
Completion is scheduled for October 2008.
Turner will also strengthen its presence in other countries.
For instance, in the year under review, a joint venture was
set up with EMAAR, a major property developer based in
Dubai. There are plans to extend this partnership to include
other Group companies.
Anual Report 2006 english (3,60 MByte)
