|
contents | business | |||||||||
| Balfour Beatty water strategy delivers contracts over £185 (US$300) mln Balfour Beatty, Britain's largest construction company, is on track to realise its strategic goal to capture a 10% share in its area of the US water and wastewater market by 2020 after winning a £80 (US$130) million contract with the Patapsco Wastewater Treatment Plant in Baltimore County, Maryland. Balfour Beatty has also delivered on the strategic milestone of entering the Southwest water and wastewater market by winning its first job in Texas – the £45 (US$74) million, three year contract at the Galveston Main Water and Wastewater Treatment Plant. In 2011, Balfour Beatty acquired Fru-Con Construction and these new contracts highlight how Balfour Beatty has been able to leverage the benefits of the Fru-Con deal. The Patapsco 845R is the largest value win since the acquisition in June 2011. It will be Balfour Beatty's third project at the Patapsco plant, and includes upgrades to the existing plant and the construction of two major structures: a biological aerated filter building and a pump station. Since Fru-Con was acquired, the company has won approximately £185 (US$300) million in new works directly related to its growth strategy targets. Ian Tyler, CEO, commented: "This third win with Patapsco is an excellent achievement. The water and wastewater market is a core strategic vertical sector for our business, and we are looking to expand our capabilities to also compete in desalination and design-build projects in the future. The Fru-Con Construction acquisition has provided Balfour Beatty with a powerful competitive advantage by combining Fru-Con's water and wastewater specialist skills with Balfour Beatty's local civil knowledge. Balfour Beatty's strategic plan is to leverage and transfer Fru-Con's water specialist skills from the mid-Atlantic into its existing civil geographies in the Southeast and Southwest states of the Carolinas, Georgia, Florida and Texas. With the Patapsco 845R contract win and the recent geographical expansion into the Southwest, Balfour Beatty is on target to become a premier performer in the US water and wastewater market. write your comments about the article :: © 2012 Construction News :: home page |