The Aveng Group Logo. The Aveng Group Logo. The Aveng Group. Is this your company? Overview Overview. 8 Reviews-Jobs-Salaries. Aveng Manufacturing, a leading infrastructure development group, provides a diverse range of services, products and solutions in engineering, construction, mining, steel and manufacturing through its five business units namely Infraset, Duraset, DFC, Lennings Rail Services, ACS & Facades.
Public | |
Traded as | (JSE: AEG) |
---|---|
Industry | Mining, Construction, Manufacturing, Engineering, Steel |
Founded | 1880 |
Headquarters | Jet Park, Johannesburg , |
Area served | Africa, Australasia, Southeast Asia, South America |
Eric Diack (Chairman)[1] Sean Flanagan (CEO) [2] Adrian Macartney (CFO) | |
Services | Contract Mining, Shaft Sinking, Construction, Manufacturing, Steel |
Revenue | R 30.6 Billion (2018)[3] |
R 3.5 Billion loss(2018) | |
Total assets | R 15.07 Billion (2018)[4] |
14,158 (2018) | |
Subsidiaries | Numerous |
Website | www.aveng.co.za |
Aveng is an international infrastructure and resources company listed on the Johannesburg Stock Exchange. For more than 125 years, Aveng has evolved in character, capacity and reach and continues to make its mark across the globe. Its origins lie in modest construction projects, but Aveng now boasts expertise in steel, engineering, manufacturing, mining, concessions, public infrastructure and water treatment. Aveng currently operates in a diverse range of sectoral and geographic markets.
Aveng's primary geographic markets are southern Africa and Australia and the group leverages their presence in these markets to pursue growth opportunities in East Africa and Southeast Asia.
The Company employs some 14 158 people and has an annual turnover in excess of R30 billion.
Strategic Review[edit]
During the first half of FY2018, Aveng undertook a robust strategic review to fully evaluate their financial structure and operational performance to determine the key requirements for our medium- and long-term sustainability.
Aveng announced as part of their strategic plan that they would dispose of businesses that did not support the Group's long-term strategy.[5] Aveng intends to dispose of the Grinaker-LTA and Trident Steel operating divisions first, followed by the individual Manufacturing businesses.
The decision to sell these businesses as going concerns has ensured that Aveng will remain fully engaged to drive improved performance at these businesses until new owners are found. This approach will ensure a sustainable future for employees, customers and suppliers of these businesses and it will also allow Aveng to realise acceptable value for its shareholders in the disposal process.
The strategic review was a robust and extensive process that looked at all parts of the organisation to identify businesses and assets that support their long-term strategy of becoming an international infrastructure and resources group with a footprint in developing and fast-growing regions and with access to key markets across our chosen sectors.
Core businesses[edit]
Construction and Engineering: Australasia and Asia
McConnell Dowell
McConnell Dowell is a major engineering, construction and maintenance contractor, delivering complex projects in the building, infrastructure and resources sectors in Australia, New Zealand and Pacific Islands, Southeast Asia and the Middle East.
McConnell Dowell
McConnell Dowell is a major engineering, construction and maintenance contractor, delivering complex projects in the building, infrastructure and resources sectors in Australia, New Zealand and Pacific Islands, Southeast Asia and the Middle East.
Mining
Moolmans
Moolmans is a South African-based leader in open cut contract mining across Africa, offering services across the mining value chain.
Moolmans
Moolmans is a South African-based leader in open cut contract mining across Africa, offering services across the mining value chain.
Non-core businesses[edit]
Construction and Engineering: South Africa and the Rest of Africa
Aveng Grinaker-LTA
Aveng Grinaker-LTA
- Aveng Grinkaker-LTA: Buildings
- Aveng Grinkaker-LTA: Buildings South
- Aveng Grinkaker-LTA: Civil Engineering
- Aveng Grinkaker-LTA: Rand Roads
- Aveng Grinkaker-LTA: Ground Engineering Limited
Grinaker-LTA offers multi-disciplinary construction and engineering services to its clients in Southern Africa and other selected markets in Africa. The Group offers a comprehensive range of standalone or integrated services in building, civil engineering, roads, earthworks, concrete, ground engineering, mechanical & electrical, instrumentation and piping contracting, as well as project management, infrastructure investment, water treatment design, and facilities operation and maintenance services.
A key component of Aveng's strategic plan is the disposal of identified businesses and other assets which do not fit with the Group's long-term strategy. Aveng intends to ensure that Grinaker-LTA is acquired by a new shareholder who is better positioned to compete successfully in the South African economy.
Manufacturing and Processing
Aveng Manufacturing
Aveng Manufacturing
- Aveng ACS
- Aveng DFC
- Aveng Duraset
- Aveng Infraset
Aveng Manufacturing manufactures and supplies construction products to the construction sector, services and engineered solutions to mining, water, oil and gas and construction clients, and rail construction and maintenance services to the transport sector.
Aveng Steel
Trident Steel supplies a wide range of products to the distribution, mining, construction and automotive industries from its steel processing service centres and warehouses, and its manufacturing and fabrication plants.
Trident Steel supplies a wide range of products to the distribution, mining, construction and automotive industries from its steel processing service centres and warehouses, and its manufacturing and fabrication plants.
See also[edit]
References[edit]
- ^Eric Diack Biography - Aveng website
- ^Sean Flanagan Biography - Aveng website
- ^Aveng Financial Report 2018, Aveng website, Retrieved 17 August 2019
- ^Aveng Financial Report 2018, Aveng website, Retrieved 17 August 2019
- ^Ana Reporter, (18 January 2019), Aveng says to sell non-core assets after strategic review, Independent Online Retrieved 17 August 2019
External links[edit]
Retrieved from 'https://en.wikipedia.org/w/index.php?title=Aveng&oldid=915869332'
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