Thiess Quarterly News, Volume 1, 2005

ConsolidatedSTCJV and Silcar form one cohesiveorganisationSiemens Thiess CommunicationsJoint Venture (STCJV) and Silcar, twoseparate unincorporated joint venturesformed by Siemens and ThiessServices, have combined forces underone management structure with a planto form what will eventually bean incorporated business.Head of Silcar Network Assets Division Allan Bradford (left)with General Manager STCJV Michael Wright.By integrating the two jointventures, Siemens andThiess Services are ableto take advantage of thesynergies that exist in thecurrent activities of partsof both joint ventures.What will be the benefits?With combined revenue ofapproximately $300 million,the opportunities availableto the larger organisationof STCJV and Silcar will besignificantly enhanced thanksto the increased diversity ofoperations and the potentialto leverage both jointventure’s resources, marketsand expertise.CEO of Silcar Bernie Cooper,who has assumed overallleadership and responsibilityfor the new organisation, saidbringing the resources andcapabilities of the two jointventures into one organisationwill also positively addressa number of legal andcommercial issues andprovide a stronger vehiclefor further growth.“Under the integration,STCJV and Silcar have beenconsolidated into a singlemanagement reporting toa single board. This willassist both joint ventures toimprove their businesses bymaximising their potentialsynergies and simplifyingthe management process,”he said.Previously, both STCJV andSilcar operated as separatejoint venture entities, eachreporting to two separateBoards made up of membersfrom both companies. Underthe integrated structure, thetwo joint ventures have beenconsolidated, with one singlemanagement team reportingto one single Board.While STCJV and Silcarwill continue reportingindependently until furthernotice, the initial changes,which became effective from1 December 2004, included:• Replacing the two Boardswith one single Board• Announcing BoardMembers• CEO of Silcar,Bernie Cooper assumingoverall leadership andresponsibility for alloperations, and• STCJV newly appointedGeneral Manager MichaelWright reporting to theSilcar Networks AssetsDivision, alongsideTelepower and HighVoltage and ElectricalServices, headed up byAllan Bradford.STCJV commenced inJune 2000 with a businessfocus on pursuing futuretelecommunications workin Australia and nearbyregions. STCJV has extensiveexperience in the planning,design, constructionand ongoing operationsand maintenance ofcommunications networksand has delivered qualityresults by consistently meetingtargets for cost, quality andtimely delivery.Silcar was establishedin 1993 to providemaintenance servicesfor power industry clients inthe Latrobe Valley. Sincethen the business hasexpanded into assetmanagement andmaintenance servicesfor technically complexassets. This includes thermalpower generation, pulp andpaper, steel manufacturing,telecommunication energysystems and the miningand mineral processingindustries.•THIESS l quarterly news l VOLUME 1 l 2005 17