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عربي

Consolidated Contractors Company

  
Also known as: CCC, CCC Group
 
 
 
 
 
 
 
 
 
 
Updated: Oct 29, 2010
 
 
 
Country

Overseas

Ownership Type
Company Type
Limited Liability
 
 
 
 
Principal Activities
Engineering, procurement and construction for the oil and gas, water and power industries pojects, civil contracting for building, infrastructure, network and pipeline projects; engineering consultancy services; offshore, electromechanical and marine engineering; operation and maintenance for the oil and gas and petrochemical plants; distribution of aggregates and sand.
 
Date of Establishment Year
1952
 
No of Employees
120,000 (N/A Company, 120,000 Group, N/A Headquarters) (As of Oct 22, 2010)
 
No of Heavy Equipment
17888
 
No of Cranes
978
 
Branches
Azerbaijan Zambia China
 
Egypt Ethiopia India
 
Iran Kazakhstan Kenya
 
Madagascar Mozambique Namibia
 
Pakistan Qatar Russia
 
Saint Lucia South Africa Thailand
 
Tunisia Turkmenistan UK
 
Yemen Bostwana  
 
 
Contact Details
Address:
Consolidated Contractors Company Building
62B Kifissias Avenue, Polis Street
Amaroussion Area
P.O. Box 61092
Athens 15110
Greece
 
Tel:
+30 210-618-2000
+30 210-619-9200
+30 210-619-9219
 
Fax:
+30 210-619-9224
 
Email:
cccmoamail@ccc.gr
 
Website:
www.ccc.gr
 
Related Links:
www.acwa.co.uk
www.woodgroup-ccc.com
www.siconoil.it
www.morganti.com

 
 
 M&A Details
 
Acquistion
 
Status
In-Process
 
Acquirer
 
Target
 
Announcement Date
26 Apr 2011
 
 
 Business Overview
The Consolidated Contractors Company (CCC) provides engineering, procurement and construction for the oil and gas, water and power industries, civil contracting for building, infrastructure, network and pipeline projects; engineering consultancy services and structural steel works; fabrication of pipes and pressure vessels; offshore, electromechanical and marine engineering; operation and maintenance for the oil and gas and petrochemical plants, with operations across 40 countries on four continents.

CCC ranked as the Middle East’s largest contractor, with EUR4 billion (USD5.65 billion) in revenues, and as the world’s 16th largest contractor, in terms of international revenues, in 2008.
Launched in Lebanon, in 1952, CCC moved its headquarters permanently to Greece, in 1976, to facilitate access to European and Asian markets. As of January 2008, it earned 82% of its revenues from its MENA activities.

CCC generated 73% of its total 2008 revenues from its engineering, procurement and construction for the oil and gas and petrochemical sectors.

Some of CCC’s significant projects include an EPC package with the Germany-based LindeLindeLoading..., for Borouge 2, an ethane cracker, valued at AED4.77 billion (USD1.3 billion), which will have a capacity of 1.4 million tons of ethylene, per year, when completed in 2010. The company will start works on Bourouge 3, in January 2010, an ethane cracker project, with an estimated capacity of 1.5 million tons of ethylene per year. Valued at AED3.67 billion (USD1 billion), the project is due to be completed in 2013.

CCC entered into a joint venture with Turkey-based TAV Construction to construct a 4.3 km runway, several taxiways, an apron, and seven bridges and interchanges, as part of the civil works package that is to expand Muscat International Airport and increase its passenger capacity. Estimated at OMR451 million (USD1.17 billion) this project is expected to be completed in 2012.
 
 
 Major Shareholders   
Name   Type  Country  Holding 
Saeed Toufic Khoury  Private Lebanon -
Hasib Sabbagh Holding  Corporate Greece -
 Note: The above shareholders own 100% of the company's shares
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
ACWA Services United Kingdom 100.00%
Aquator Bahrain [via ACWA Services] Bahrain 100.00%
CCC (Underwater Engineering) UAE 100.00%
CCC Construction Nigeria Limited Nigeria 100.00%
Cogent Consolidated Contractors - (Malaysia) Malaysia 100.00%
Consolidated Contractors Company - (Underwater Engineering) Lebanon 100.00%
Consolidated Contractors Company - Jordan Jordan 100.00%
Consolidated Contractors Energy (Offshore) Lebanon 100.00%
Consolidated Insurance Brokers Isle of Man 100.00%
Sicon Oil and Gas Italy 100.00%
The Morganti Group Incorporation United States 100.00%
Al Ghandi and Consolidated Contractors International Company UAE 49.00%
Consolidated Contractors Company - Kuwait Kuwait 49.00%
Consolidated Contractors Company Oman Oman 49.00%
National Petroleum Construction Company UAE 30.00%
Al Rawasi Rock and Aggregate Company UAE -
Consolidated Contracting Engineering and Procurement UAE -
Consolidated Contracting Engineering and Procurement (Offshore) Lebanon -
Consolidated Contractors (Bahrain) Company Bahrain -
Consolidated Contractors Company - Algerie [CCC Algerie] Algeria -
Consolidated Contractors Company - Lebanon Lebanon -
Consolidated Contractors Company - Libya Libya -
Consolidated Contractors Company - Palestine Palestinian Territories -
Consolidated Contractors Group (Offshore) Lebanon -
Consolidated Contractors Van Seumeren Lebanon -
Equatorial Consolidated Group Equatorial Guinea -
Teyseer Contracting Company Qatar -
Wood Group - CCC [WG - CC] UAE -
Investments
Name  Country  Holding 
Energy Energy Investments Jordan 10.00%
Yemen Company for Mobile Telephony Yemen 5.00%
Al Zamil - National Petroleum Construction Company Saudi Arabia -
Canadian Nexen Petroleum Yemen Yemen -
Companies Under Management
Name  Country  Holding 
Consolidated Contractors Company - Saudi Arabia Saudi Arabia -
 
 
 Financial Results  31-Dec-08  31-Dec-09   Yr on Yr 
  USD'000 USD'000 change (%)
Total revenues 5,650,000 5,761,000 1.96