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SKANSKA AB (Swedish pronunciation: ) is a multinational construction and development company based in Sweden. Skanska
Skanska
is the fifth largest construction company in the world according to the Construction
Construction
Global magazine. Notable Skanska
Skanska
projects include the World Trade Center Transportation Hub project, 30 St Mary Axe
30 St Mary Axe
, MetLife Stadium , Mater Dei Hospital , among others.

CONTENTS

* 1 History

* 2 Operations

* 2.1 Environment * 2.2 Market

* 2.3 Competitors

* 2.3.1 Construction
Construction
* 2.3.2 Residential development * 2.3.3 Commercial property development

* 3 Major projects

* 3.1 Europe
Europe
* 3.2 United States
United States

* 4 Controversies * 5 See also * 6 References * 7 External links

HISTORY

AKTIEBOLAGET SKåNSKA CEMENTGJUTERIET (Scanian Cement Casting Ltd) was established in Malmö
Malmö
, Sweden
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.

Growth in Sweden
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 America , Africa
Africa
and Asia
Asia
, and in 1971 the United States
United States
market, where it today ranks among the largest in its sector. The company was listed on the Stockholm
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
Skanska
expanded substantially both organically and by acquisition. In August 2000 it bought the construction division of Kvaerner .

In mid-2004, Skanska
Skanska
decided to divest its Asian investments and sold its Indian subsidiary to the Thailand
Thailand
based construction firm Italian Thai Development Company.

In 2005, Skanska
Skanska
was awarded a gas pipeline contract in Argentina
Argentina
. Later, suspicions were raised that government corruption had been involved. Skanska
Skanska
performed its own investigation, dismissed seven managers, and worked closely with the authorities concerning the inquiry.

In 2011, Skanska
Skanska
acquired Industrial Contractors, Inc of Evansville
Evansville
, Indiana
Indiana
, United States
United States
.

In December 2013 the Supreme Court of the Slovak Republic confirmed that Skanska
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 highway from Mengusovce to Jánovce in Eastern Slovakia.

OPERATIONS

Skanska
Skanska
divides its operations into four business streams:

BUSINESS STREAM YEARLY REVENUE, 5-YEAR AVERAGE (2010 TO 2014)

Construction SEK 116,152 million

Residential development SEK 8,721 million

Commercial property development SEK 6,691 million

Infrastructure development SEK 219 million

Construction
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.

ENVIRONMENT

Skanska
Skanska
was the No. 1 “Green Builder” in the United States
United States
in 2007 and was ranked No. 3 "Green Contractor" in the United States 2008. In 2011, Skanska
Skanska
was ranked the greenest company in the United Kingdom , despite belonging to an industry with a generally high environmental impact. In 2014, Skanska
Skanska
won the Financial Times
Financial Times
and ArcelorMittal “Boldness in Business Award” in the category “corporate responsibility/environment.”

The Financial Times
Financial Times
described Skanska
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 Skanska
Skanska
is “the five zeros”: zero loss-making projects, work site accidents, environmental incidents, ethical breaches and defects.

In the United Kingdom, Skanska
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
Skanska
withdrew from the United States
United States
Chamber of Commerce , in protest of the chamber’s opposition to reformed LEED standards for sustainable buildings.

Skanska
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 hotline.

MARKET

As of March 2015, Skanska
Skanska
was focused on the following selected markets:

* Sweden
Sweden
, Norway
Norway
, Finland
Finland
, and Denmark
Denmark
in the Nordic region * Poland
Poland
, the Czech Republic
Czech Republic
, Slovakia
Slovakia
, Hungary
Hungary
, Romania
Romania
, and the United Kingdom
United Kingdom
in the rest of Europe
Europe
* The United States
United States
in North America
North America

Skanska
Skanska
is in the process of exiting its operations in Argentina
Argentina
, Brazil
Brazil
, Peru
Peru
, Chile
Chile
, Colombia
Colombia
, and Venezuela
Venezuela
. Skanska
Skanska
will cease to accept new projects in the Latin American market and will divest its operation and maintenance units there.

REGION NUMBER OF EMPLOYEES REVENUE (2014)

The Nordic countries 17,000 SEK 64.0 billion

The rest of Europe 17,000 SEK 35.0 billion

North America 10,000 SEK 49.9 billion

Latin America
Latin America
(being closed down) 14,000 No data available

Skanska
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.

In 2013, Skanska
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:

COMPANY COUNTRY 12-MONTH REVENUE

Skanska Sweden SEK 145.0 billion

NCC Sweden SEK 59.2 billion

Peab Sweden SEK 44.2 billion

Veidekke Norway SEK 25.4 billion

Lemminkäinen Finland SEK 18.7 billion

YIT
YIT
Finland SEK 16.7 billion

COMPETITORS

According to Skanska, the main competitors by market for the three predominant business streams were, as of March 2015, the following.

Construction

The Nordic countries
Nordic countries
NCC, Peab, YIT, Veidekke, Lemminkäinen, AF Gruppen The rest of Europe
Europe
Budimex, Hochtief , Strabag , Metrostav, Balfour Beatty , Carillion
Carillion
The Americas Turner , Fluor Corporation
Fluor Corporation
, Kiewit , Granite , Flatiron , Tutor Perini , ACS/Dragados

Residential Development

The Nordic countries
Nordic countries
JM, NCC, Peab, YIT
YIT
The rest of Europe
Europe
Central Group , Finep, DOM Development, JW Construction
Construction

Commercial Property Development

The Nordic countries
Nordic countries
NCC, Vasakronan , Diligentia, KLP Eiendom , YIT, Lemminkäinen The rest of Europe
Europe
Ghelamco, Echo Investment, GTC The Americas Hines , Trammell Crow , Boston Properties

MAJOR PROJECTS

Work in progress on 30 St Mary Axe
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.

EUROPE

Major projects have included the Øresund Bridge
Øresund Bridge
which forms part of the road and railway connection between Sweden
Sweden
and Denmark, completed in 2000, 30 St Mary Axe
30 St Mary Axe
in London
London
, completed in 2004, the Mater Dei Hospital in Malta
Malta
, which opened in 2007, and the 230m Heron Tower , the tallest building in the City of London
London
at the time, completed in 2010.

UNITED STATES

Major projects in the United States
United States
include the MetLife Stadium (home to the Giants and the Jets NFL franchises), completed in 2010. In 2010, Skanska
Skanska
was awarded a $115 million (SEK840 million) contract by the Washington State Department of Transportation for construction of a new State Route 99 roadway in downtown Seattle
Seattle
, Washington, part of the project to replace the Alaskan Way Viaduct . Skanska
Skanska
has also developed several commercial and residential buildings in Seattle region, including the upcoming 2">

CONTROVERSIES

Mater Dei Hospital

Skanska
Skanska
was entrusted with the building of a new general hospital in Malta
Malta
, and the "state-of-the-art" Mater Dei Hospital costing over € 700,000,000. Later, however, it was discovered that Skanska
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.

SEE ALSO

* Road to the Greenland Ice Sheet

* Sweden
Sweden
portal * Companies portal

REFERENCES

* ^ "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
Construction
Companies in the World". Construction Global. Retrieved 16 June 2015. * ^ A B C D E F Skanska: History * ^ Skanska
Skanska
buys Kvaerner arm for £180m The Telegraph, 30 August 2000 * ^ ITD Cementation India * ^ "Sweden\'s squeaky-clean image sullied by scandals". The New York Times. May 11, 2007. Retrieved Jan 15, 2013. * ^ " Skanska
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, 2012. * ^ "Argentine Corruption: Skanska\'s Version". Latin Business Chronicle. Jul 30, 2007. Retrieved Dec 21, 2012. * ^ " Skanska
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 construction companies * ^ 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 2012. * ^ 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
Financial Times
and ArcelorMittal Award Boldest Business Leaders in 2014". The Financial Times. Mar 21, 2014. Retrieved Aug 26, 2014. * ^ A B C D E Andy Sharman (Mar 23, 2014). "How Skanska
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 June 2014. * ^ 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 Responsibility: Skanska
Skanska
UK (on behalf of the Supply Chain Sustainability School)". Chartered Institute of Purchasing & Supply. Oct 8, 2013. Retrieved Aug 20, 2014. * ^ "Local impacts". Skanska
Skanska
2014. * ^ A B "Publishing of Annual Report 2014 on this website". Skanska AB. February 18, 2015. Retrieved June 2, 2015. * ^ "The Top 250 International Contractors 2013" (PDF). Engineering News-Record. 2013. Retrieved Aug 20, 2014. * ^ "The Top 400 Contractors 2014" (PDF). Engineering News-Record. 2014. Retrieved Aug 20, 2014. * ^ Almar Latour (Mar 19, 1999). " Skanska
Skanska
Builds on Global Strategy; CEO\'s Expansion Drive Fuels Growth". The Wall Street Journal. Retrieved Jan 15, 2013. * ^ Linda Nohrstedt (Mar 25, 2009). "Vi hade en otroligt bra kund" (in Swedish). Byggvärlden. Retrieved Jan 15, 2013. * ^ The erotic gherkin is in a pickle The Telegraph, 23 November 2002 * ^ Charles Ajunwa (Nov 18, 2012). "London: The Amazing Attractions". This Day. Retrieved Jan 15, 2013. * ^ Times of Malta
Malta
30th July 2009 * ^ Skanska
Skanska
win Heron Tower
Heron Tower
contract Skyscrapernews, 31 October 2007 * ^ Meadowlands Stadium * ^ Lamm, Greg (May 13, 2010). "Skanska\'s $114M viaduct project bid accepted by state". Puget Sound Business Journal . Retrieved August 3, 2017. * ^ " Skanska
Skanska
plans office tower at Second and University". Seattle Daily Journal of Commerce . November 7, 2014. Retrieved August 3, 2017. * ^ UN signs contract with Skanska
Skanska
Reuters, 27 July 2007 * ^ "Project Updates: World Trade Center Transportation Hub". Lower Manhattan Construction
Construction
Command Center. Archived from the original on September 28, 2010. Retrieved September 2, 2010. * ^ Grynbaum, Michael M. (February 24, 2011). "Trade Center Transit Hub’s Cost Now Over $3.4 Billion". The New York Times. Retrieved February 25, 2011. * ^ Calatrava\'s WTC Transportation Hub Soars – lowermanhattan.info * ^ Gralla, Joan (October 2, 2008). "NYC World Trade Center site faces fresh delays". Yahoo! News . Retrieved October 3, 2008. * ^ Phoenix Constructors * ^ " Skanska
Skanska
To Fabricate Oculus Building At Ground Zero Transit Hub". ENR New York. May 9, 2011. Retrieved Jan 15, 2013. * ^ New York Construction: Top Projects * ^ Balzan, Saviour (21 September 2015). Skanska
Skanska
snubs government over hospital damage claims. Malta
Malta
Today . Retrieved 1 July 2016. * ^ Waiver exonerated Skanska
Skanska
and Maltese partners on Mater Dei. * ^ PM orders investigation into Mater Dei concrete. * ^ Read: Hospital inquiry report, Arup report on Emergency Department. * ^ ARUP report. Volume 2. * ^ Inquiry report. * ^

EXTERNAL LINKS

* Official website

* v * t

.