Aveng
 | |
| Type | Public |
|---|---|
| (JSE: AEG) | |
| Industry | Mining, Construction, Manufacturing, Engineering, Steel |
| Predecessor | Anglovaal Engineering |
| Founded | 1880 |
| Headquarters | Melrose Arch, Johannesburg , |
Area served | Africa, Australasia, Southeast Asia, South America |
Key people | Eric Diack (Chairman)[1]
Sean Flanagan (CEO) [2] |
| Services | , , Construction, Manufacturing, Steel |
| Revenue | 31 Dec 2019: R11.2bn[3]; 30 Jun 2019: R 25.7bn; 30 Jun 2018: R30.6bn[4] |
| 31 Dec 2019: R170 m loss;[3] 30 Jun 2019: R1.7 bn loss 31 Jun 2018: R3.5 bn loss | |
| Total assets | R 15.07 Billion (2018)[4] |
Number of employees | 14,158 (2018) |
| Subsidiaries | Numerous |
| Website | www |
Aveng (formerly Anglovaal Engineering) is an international infrastructure and resources company listed on the Johannesburg Stock Exchange. Its origins lie in modest construction projects, but Aveng now operates 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.
The Company employs some 14 158 people and has an annual turnover in excess of R30 billion.
Strategic Review[]
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.
Core businesses[]
Construction and Engineering: Australasia and Asia
McConnell Dowell
McConnell Dowell is a major engineering, construction and maintenance contractor, in the building, infrastructure and resources sectors in Australia, New Zealand and Pacific Islands, Southeast Asia and the Middle East.
Mining
Moolmans is a South African-based operator in open cut contract mining across Africa.
Non-core businesses[]
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.[citation needed]
Aveng ACS (Automotive & Control Solutions
Aveng Automation & Control Solutions is a market leader in Southern Africa in the field of Process Control Instrumentation providing world-renowned products, specialised training, after sales service and technical support. Aveng Automation & Control Solutions represents Emerson Process Management, formerly Fisher-Rosemount, in Southern and Eastern Africa.
See also[]
References[]
- ^ Eric Diack Biography - Aveng website
- ^ Sean Flanagan Biography - Aveng website
- ^ Jump up to: a b Aveng Interim Financial Report 2020, Aveng website, Retrieved 09 March 2020
- ^ Jump up to: a b 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
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- Companies based in Johannesburg
- Companies listed on the Johannesburg Stock Exchange
- Steel companies of South Africa
- Construction and civil engineering companies of South Africa
- Mining companies of South Africa
- 1880 establishments in South Africa
- Construction and civil engineering companies established in 1880
- South African company stubs