Annual Report 2011 - Skanska

1994 Skanska’s first property investment in Warsaw,Poland began a long series of projects on Jana Pawla IIAvenue, sometimes called the “Skanska street.”1995–2000 The Öresund Bridge,finished belowbudget and ahead of schedule, makes up 7.8 km of the16 km (10 mi.) long Öresund Link between Sweden andDenmark.1994–1999 Uri power station built in Kashmir, India.1997 The 1.8 km (1.1 mi.) High Coast Bridge across theÅngermanälven River, northern Sweden, was completed.1997 After an environmental accident at Hallandsås,Sweden, Skanska intensified its environmental work.After renewed bidding in 2003, Skanska and Vinci werejointly assigned to build rail tunnels through the ridge,using boring machines, linings and freezing techniques.1997–2000 The 1,700 m (1 mi.) Uddevalla Bridge inwestern Sweden was built.1998 Drott, a subsidiary with real estate at a book valueof SEK 10 billion, was distributed to Skanska shareholders.1998–2000 Acquisitions of major constructioncompanies in Latin America, Poland, the Czech Republic,Norway and the United Kingdom made Skanskaa leading long-term player in these markets.2000 The Öresund Bridge connects Sweden and Denmark.2000 Skanska became the first global construction andproject development company to be certified according tothe ISO 14001 environmental management system.2001–2005 Skanska was awarded the task of designingand building the 4 km (2.5 mi.) long Arthur J. Ravenel Jr.Bridge across the Cooper River in South Carolina, U.S.A.2002–2010Consolidation and focus on profitability. Skanskafocused on its selected home markets in the Nordiccountries, Central Europe, the U.K.,Latin America and theU.S. and on its core operations: construction and projectdevelopment of homes, commercial property spaceand public-private partnerships. The Company specified“outperform” profit targets for each business stream.Skanska also aimed at leadership in green construction,business ethics and safe work sites. Skanska expressedits qualitative targets as the five zeros vision: Zero lossmakingprojects, work site accidents, environmentalincidents, ethical breaches and defects.Through its Green Initiative, Skanska became a leaderin developing and constructing green projects certifiedaccording to the Leadership in Energy and EnvironmentalDesign (LEED) and EU GreenBuilding systems. In 2008,Skanska was named the greenest construction companyin the U.S., and its Empire State Building offices showedthat even older buildings can become green. Skanskawas also named the U.K.’s greenest constructioncompany. Skanska’s Green Tower Office Center in Gårda,Gothenburg, Sweden was environmentally certified atthe highest level, LEED Platinum.2011–2015Profitable growth. Skanska’s new business plan forprofitable growth in 2011-2015 is based on previouslyimplemented restructuring and the Company’s financialstrength. Positive cash flow is used for investments inresidential, commercial property and public-private partnershipproject development. In 2011 such investmentstotaled SEK 12 billion, an all-time high in Company history.Skanska begins 2012 with SEK 9.5 billion in investmentcapacity. It is starting up more U.S. commercial propertyprojects, launching residential development in the U.K.and Poland and also strengthening Construction operationsthrough acquisitions in Finland, Poland and the U.S.1994 Construction of a main highway in Laos.2010 MetLife Stadium, U.S.A..1923 Stockholm City Hall, Sweden.1997 Skanska and IKEA launched a jointhousing concept, BoKlok (LiveSmart).