ONE ROOF
ONE ROOF
ONE ROOF
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
**For further information,<br />
please see “Research and<br />
Development” on page 53.<br />
*For further information, please<br />
see www.turnerconstruction.<br />
com.<br />
84 Annual Report 2009<br />
HOCHTIEF Americas Division<br />
• Turner was again recognized as the number<br />
one general builder in the US<br />
• Stable civil engineering market generates new<br />
orders for Flatiron<br />
• US economic stimulus package delivers first<br />
contract<br />
• US subsidiaries achieve success as a team<br />
The global financial crisis and the resulting slowdown in<br />
the American building construction market made themselves<br />
felt in the HOCHTIEF Americas division in fiscal<br />
2009. The division’s companies nonetheless scored<br />
numerous successes in their market segments. Our<br />
subsidiary Turner retained its position as the top green<br />
builder in the US building construction market, among<br />
other accomplishments. In the stable civil engineering<br />
market in North America, our subsidiary Flatiron held a<br />
solid position as one of the top ten service providers in<br />
the bridge and road segments.<br />
Flatiron and Turner additionally benefited from the US<br />
economic stimulus package. The extension of Route<br />
905 in California is Flatiron’s first project financed out of<br />
the stimulus program. The package holds further potential<br />
contract opportunities for both companies.<br />
Turner*<br />
The industry publication Engineering News-Record<br />
again recognized Turner as the top general builder in the<br />
United States during the year under review. Although,<br />
as expected, the performance of the US construction<br />
market was weaker than in the prior year due to the financial<br />
crisis, Turner maintained its leadership position<br />
and secured new contracts thanks to the company’s<br />
specialized products and services.<br />
One example of the added value of these products and<br />
services is Building Information Modeling (BIM). With<br />
the help of a 3D model, this method allows construction<br />
risks to be identified and solved before construction<br />
starts, for example, in order to save time and money<br />
during the construction phase. Our subsidiary was recognized<br />
by US publication Building Design&Construction<br />
as a leader in utilizing the software tools for this virtual<br />
planning and construction model. Turner has already<br />
employed BIM successfully in more than 180 projects—<br />
most recently in the construction of the new Yankee<br />
Stadium and Middle Tennessee Medical Center, among<br />
other buildings.**<br />
Project highlights<br />
Education segment<br />
Our subsidiary Turner also holds the top position in the<br />
education market segment in the United States and executed<br />
numerous projects during the year under review.<br />
In Queens, New York, Turner is expanding and<br />
renovating a school and erecting a new school building<br />
for a total of EUR 63 million. The facilities are designed to<br />
be green buildings. Turner is also erecting a new school<br />
campus for EUR 61 million in Bronx, New York, which<br />
includes a new school center with classrooms, a library<br />
as well as administrative and catering facilities. The<br />
new campus will meet sustainability standards, and<br />
construction will be completed by 2012. In addition,<br />
Turner has been contracted to renovate facilities and<br />
construct new school buildings for five schools in Rochester,<br />
New York. The contract involves construction<br />
work valued at nearly EUR 47 million.<br />
In Los Angeles, Turner is building the Central Region<br />
High School for just on EUR 68 million. The school<br />
campus will measure approximately 20,000 square<br />
meters and provide 75 classrooms for more than 2,000<br />
students. The facility is also being constructed according<br />
to green building principles. For example, the high<br />
school will feature a tubular day-lighting system. The<br />
subsidiary Turner Logistics is providing procurement<br />
services for the project.<br />
Additionally, Turner has been awarded a contract to pro-<br />
vide construction services for Deloitte University in West-<br />
lake, Texas. The accounting and consulting firm will use<br />
the facility located on a property stretching out over more<br />
than 433,000 square meters as a learning and leadership<br />
development center for its employees. Deloitte will seek<br />
LEED Gold certification from the United States Green<br />
Building Council for the EUR 89 million project to be<br />
handed over to the client in 2011.<br />
The company is also handling construction management<br />
for the Constantine Papadakis Integrated Sciences Building,<br />
a new research center at Drexel University in Phila-