2013-vinci-annual-report

01
106 CONTRACTING / VINCI CONSTRUCTION
01 In Dubai, Menard delivered
soil improvement services for the
construction of a new retail centre.
02 Nicholson Construction began work
in New York on foundations for the
first phase of Columbia University’s
Manhattanville Development project.
03 In Hong Kong, Bachy Soletanche is
building a 270 metre cut-and-cover
tunnel for the Express Rail Link.
04 Spiecapag, an Entrepose Contracting
subsidiary, is installing a 450 km
pipeline in Papua New Guinea for
Exxon Mobil.
02
03
range of sites: water supply network and
water tower in Libreville, Gabon, and pumping
and pretreatment station in the
Casablanca region, Morocco. Sogea-Satom
also continued to expand its building activities,
working on major projects in Morocco,
where it renovated the Société Générale
bank’s historic head office in Casablanca,
and Chad, with a new site for the Finance
Ministry in N’Djamena and the second
phase of Toukra University.
Also in Africa, other VINCI Construction
divisions are active in specialist civil engineering,
oil and gas infrastructure and various
major projects. Together, VINCI Construction
subsidiaries generated €1.5 billion of revenue
in Africa, up 9.8% on 2012.
Specialist activities
Soletanche Freyssinet
Soletanche Freyssinet posted a resilient
performance in 2013. Revenue was steady
at €2.5 billion, with the impact of currency
movements cancelling out the effects of
acquisitions. Business picked up markedly
in Asia and the Middle East, contracted in
the United States and held generally steady
in Europe, with better levels outside France.
Soletanche Freyssinet’s specialist expertise
is an international benchmark that enables
it to participate in many major infrastructure
projects, as evidenced by the
number of significant contracts won during
2013. New orders were up 5% year on year,
thanks to continuing commercial success in
major projects and the quality of its local
subsidiaries’ roots. In each of its three core
business activities (ground technologies,
engineering structures, nuclear), Soletanche
Freyssinet continued with its expansion
policy, combining targeted acquisitions in
the Netherlands, Canada and Australia with
setting up new subsidiaries and representative
offices in Chile, Colombia, Mexico,
China, the United States and Kazakhstan.
Deep foundations and ground technologies
Soletanche Bachy recorded slight organic
growth, mainly due to sustained business
in major projects and satisfactory performance
in the UK and Asia. Structural monitoring
subsidiary Soldata performed
particularly well.
Notable projects the company was
involved in during the year included the T6
light rail in Viroflay, France; the Ceva rail
line in Switzerland; the Crossrail and Lee
Tunnel projects in the United Kingdom; the
Lego factory in Hungary; the Al Hoceima
Dam in Morocco; the Wolf Creek Dam, the
University of Columbia, the Miami port
tunnel and the Provo Temple in Utah,
United States; the BBVA Bancomer and
Mitikah 2 towers in Mexico City; the
El Teniente mines in Chile; the Central Wan
Chai Bypass and work on the metro in Hong
Kong; the metro, the National Art Gallery
and the MS Ophir towers in Singapore;
the Kuala Lumpur metro in Malaysia; and
lastly, several port projects: Lomé in Togo,
terminal 3 at Jebel Ali in Dubai, Puerto Brisa
in Colombia, Sept Îles in Canada and
Montevideo in Uruguay.
New orders included the Port Est extension
on Reunion Island and the port at
Cherbourg, France; light rail projects in Nice,
France, and Lodz, Poland; the Wolf Creek
Nuclear Discharge project in the United
States; additional phases of the Lee Tunnel in
the United Kingdom; the bridge over the
Wouri in Cameroon; a car park for the Mall
of the Emirates in Dubai; the Reforma 509
tower in Mexico City; construction of a port
jetty in Argentina for Siemens; the Macau
bridge, Xiqu Opera and SCL 1112 metro line
in Hong Kong; phases 2 and 3 of the Saigon
Center in Ho Chi Minh City, Vietnam; and the
Ikea and Boustead shopping centres in Kuala
Lumpur, Malaysia.
Menard (ground consolidation and soil
improvement) saw revenue growth of 16%.
Business was very good in Asia (terminal 3
at Jakarta airport, Indonesia), the United
States (logistics platforms for Prologis and
Goya Foods) and the Middle East, with major
sites in Saudi Arabia (fossil-fired generating
plant south of Jeddah, Yanbu 3 steam generator)
and in the UAE (Sarb, Jumana and
Bluewater islands; the Point at Palm
Jumeirah in Dubai).
Other projects during the year included a
second road crossing over the River Forth in
Scotland; the container terminal at Porto di
Vado in Genoa, Italy; in Canada, Vancouver
AN UNRIVALLED ARRAY OF
EXPERTISE IN SPECIALIST
BUSINESS ACTIVITIES.