SKANSKA AB (Swedish pronunciation: ) is a multinational construction
and development company based in Sweden.
Skanska is the fifth largest
construction company in the world according to the
Skanska projects include the World Trade Center
Transportation Hub project,
30 St Mary Axe ,
MetLife Stadium , Mater
Dei Hospital , among others.
* 1 History
* 2 Operations
* 2.1 Environment
* 2.2 Market
* 2.3 Competitors
* 2.3.2 Residential development
* 2.3.3 Commercial property development
* 3 Major projects
* 4 Controversies
* 5 See also
* 6 References
* 7 External links
AKTIEBOLAGET SKåNSKA CEMENTGJUTERIET (Scanian Cement Casting Ltd)
was established in
Sweden , in 1887 by Rudolf Fredrik Berg
and started by manufacturing concrete products. It quickly
diversified into a construction company and within 10 years the
company received its first international order. The company played an
important role in building Sweden’s infrastructure including its
roads, power plants, offices and housing.
Sweden was followed by international expansion. In the
mid-1950s Skånska Cementgjuteriet made a major move into
international markets. During the next decades it entered South
Asia , and in 1971 the
United States market,
where it today ranks among the largest in its sector. The company was
listed on the
Stockholm Stock Exchange A-list in 1965. In 1984 the
name “Skanska,” already in general use internationally, became the
Group’s official name.
During the latter part of the 1990s,
Skanska expanded substantially
both organically and by acquisition. In August 2000 it bought the
construction division of Kvaerner .
Skanska decided to divest its Asian investments and sold
its Indian subsidiary to the
Thailand based construction firm Italian
Thai Development Company.
Skanska was awarded a gas pipeline contract in
Later, suspicions were raised that government corruption had been
Skanska performed its own investigation, dismissed seven
managers, and worked closely with the authorities concerning the
Skanska acquired Industrial Contractors, Inc of
United States .
In December 2013 the Supreme Court of the Slovak Republic confirmed
Skanska DS a.s. participated in a bid rigging cartel of
construction companies (together with companies of
Strabag group and
Mota-Engil group) in 2004. Illegal conduct was associated with the
tender for the execution of works for the construction of the D1
Jánovce in Eastern Slovakia.
Skanska divides its operations into four business streams:
YEARLY REVENUE, 5-YEAR AVERAGE (2010 TO 2014)
SEK 116,152 million
SEK 8,721 million
Commercial property development
SEK 6,691 million
SEK 219 million
Construction is the largest business stream by revenue and number of
employees. The operations of the other business streams involve
investments in projects that are developed and later divested. With
regard to infrastructure development, this often involves
public–private partnerships (PPP). Geographically, the group
operates based on local business units.
Skanska was the No. 1 “Green Builder” in the
United States in
2007 and was ranked No. 3 "Green Contractor" in the United States
2008. In 2011,
Skanska was ranked the greenest company in the United
Kingdom , despite belonging to an industry with a generally high
environmental impact. In 2014,
Skanska won the
Financial Times and
ArcelorMittal “Boldness in Business Award” in the category
Financial Times described
Skanska in 2014 as aiming to be the
“greenest contractor in the world,” while having 57,000 employees,
100,000 suppliers and 250,000 subcontractors, who deliver more than
10,000 projects annually. An official vision stated by
“the five zeros”: zero loss-making projects, work site accidents,
environmental incidents, ethical breaches and defects.
In the United Kingdom,
Skanska has founded the “Supply Chain
Sustainability School,” an e-learning initiative, in order to
educate construction suppliers on sustainability. As suppliers are
frequently shared between construction companies, the school is
managed in partnership with several competitors. In July 2013,
Skanska withdrew from the
United States Chamber of Commerce , in
protest of the chamber’s opposition to reformed LEED standards for
Skanska was the first company in the industry to implement the ISO
14000 standards globally, with all its business units having been
certified according to ISO 14001 since 2000, and it was the first
Scandinavian company to have an independent global whistleblowing
As of March 2015,
Skanska was focused on the following selected
Finland , and
Denmark in the Nordic region
Poland , the
Czech Republic ,
Romania , and
United Kingdom in the rest of
United States in
Skanska is in the process of exiting its operations in
Colombia , and
cease to accept new projects in the Latin American market and will
divest its operation and maintenance units there.
NUMBER OF EMPLOYEES
The Nordic countries
SEK 64.0 billion
The rest of Europe
SEK 35.0 billion
SEK 49.9 billion
Latin America (being closed down)
No data available
Skanska is active in construction, commercial property development
(office buildings, shopping centers and logistics properties) and
infrastructure development (roads, hospitals and schools) in all of
its three market regions. The company plans, develops and builds homes
in the Nordic region and in the rest of Europe.
Skanska was ranked the 9th largest contractor in the world,
and in 2014, the 7th largest contractor in the United States.
During the rolling 12-month-period ending in September 2014, Skanska
was the largest construction company by total revenue in the Nordic
countries. The six largest ones were:
SEK 145.0 billion
SEK 59.2 billion
SEK 44.2 billion
SEK 25.4 billion
SEK 18.7 billion
SEK 16.7 billion
According to Skanska, the main competitors by market for the three
predominant business streams were, as of March 2015, the following.
Nordic countries NCC, Peab, YIT, Veidekke, Lemminkäinen, AF
Gruppen The rest of
Strabag , Metrostav,
Balfour Beatty ,
Carillion The Americas Turner ,
Fluor Corporation ,
Kiewit , Granite , Flatiron ,
Tutor Perini , ACS/Dragados
Nordic countries JM, NCC, Peab,
YIT The rest of
Group , Finep, DOM Development, JW
Commercial Property Development
Nordic countries NCC,
Vasakronan , Diligentia,
KLP Eiendom ,
YIT, Lemminkäinen The rest of
Europe Ghelamco, Echo Investment, GTC
The Americas Hines , Trammell Crow ,
Work in progress on
30 St Mary Axe , one of Skanska's most
high-profile contracts. Built between 2001 and 2004, the tower was a
major addition to London's skyline.
Major projects have included the
Øresund Bridge which forms part of
the road and railway connection between
Sweden and Denmark, completed
30 St Mary Axe in
London , completed in 2004, the Mater
Dei Hospital in
Malta , which opened in 2007, and the 230m Heron
Tower , the tallest building in the City of
London at the time,
completed in 2010.
Major projects in the
United States include the
MetLife Stadium (home
to the Giants and the Jets NFL franchises), completed in 2010. In
Skanska was awarded a $115 million (SEK840 million) contract by
Washington State Department of Transportation for construction of
a new State Route 99 roadway in downtown
Seattle , Washington, part of
the project to replace the
Alaskan Way Viaduct .
Skanska has also
developed several commercial and residential buildings in Seattle
region, including the upcoming 2">
Mater Dei Hospital
Skanska was entrusted with the building of a new general hospital in
Malta , and the "state-of-the-art"
Mater Dei Hospital costing over €
700,000,000. Later, however, it was discovered that
Skanska had used
lower-quality cement of the kind that is generally used to build
pavements . As a result, the hospital could not develop further floors
or build a helipad on the roof. The company made sure to be waived of
the responsibility for any evident cheap work and damage once the
project was finalised.
* Road to the Greenland Ice Sheet
* Companies portal
* ^ "Management, Senior Executive Team (SET)". Skanska. 15 April
2016. Retrieved 10 July 2016.
* ^ "Board". Skanska. 15 April 2016. Retrieved 10 July 2016.
* ^ A B C D E F "Annual Report 2016" (PDF). Skanska. 2017.
Retrieved 14 July 2017.
* ^ "Top 10
Construction Companies in the World". Construction
Global. Retrieved 16 June 2015.
* ^ A B C D E F Skanska: History
Skanska buys Kvaerner arm for £180m The Telegraph, 30 August
* ^ ITD Cementation India
* ^ "Sweden\'s squeaky-clean image sullied by scandals". The New
York Times. May 11, 2007. Retrieved Jan 15, 2013.
* ^ "
Skanska likely to be involved in a corruption scandal in
Argentina". Pravda. Mar 20, 2007. Retrieved Jan 15, 2013.
* ^ "Gas and graft". The Economist. May 10, 2007. Retrieved Dec 21,
* ^ "Argentine Corruption: Skanska\'s Version". Latin Business
Chronicle. Jul 30, 2007. Retrieved Dec 21, 2012.
* ^ "
Skanska USA buys Industrial Contractors, Inc.". Evansville
Courier & Press. Dec 29, 2011. Retrieved Jan 15, 2013.
* ^ The Supreme Court upheld the decisions of the Antimonopoly
Office of the Slovak Republic in the matter of a cartel of six
* ^ A B C D E F G H "Annual Report 2014" (PDF). Skanska. 2015.
Retrieved 2 July 2015.
* ^ A B "Annual Report 2011" (PDF). Skanska. Retrieved 20 September
* ^ Skanska: Green Builder
* ^ Top Green Contractors ENR
* ^ "Revealed: the greenest companies". The Sunday Times. Jun 12,
2011. Retrieved Dec 21, 2012.
* ^ John Authers (Mar 23, 2014). "Thorny issues". The Financial
Times. Retrieved Aug 26, 2014.
* ^ "
Financial Times and
ArcelorMittal Award Boldest Business
Leaders in 2014". The Financial Times. Mar 21, 2014. Retrieved Aug 26,
* ^ A B C D E Andy Sharman (Mar 23, 2014). "How
Skanska aims to
become the world’s greenest construction company". The Financial
Times. Retrieved Aug 20, 2014.
* ^ A B C "Annual Report 2013" (PDF). Skanska. 2014. Retrieved 10
* ^ Katharine Earley (May 16, 2013). "Skanska: working with rivals
for the greater good". The Guardian. Retrieved Aug 20, 2014.
* ^ "Overall Winner & Best Contribution to Corporate
Skanska UK (on behalf of the Supply Chain
Sustainability School)". Chartered Institute of Purchasing & Supply.
Oct 8, 2013. Retr