Downer Group
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| Public | |
| Traded as | ASX: DOW |
| Industry | Energy (Renewable, Power, Transmission, Oil and Gas) Infrastructure (Water, Transport, Social) Resources (Mining, Metals, Minerals) Consulting Engineering Mining Rail |
| Founded | 1933 2001 as Downer EDI |
| Headquarters | Sydney, Australia |
|
Key people
|
Grant Fenn, CEO and Managing Director |
| Revenue | A$7.7 billion (2014) |
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Number of employees
|
20,000 |
| Website | http://www.downergroup.com/ |
Downer Group is an Australian Stock Exchange Top-100 company that provides engineering and infrastructure management services to the public and private transport, energy, infrastructure, communications and resources sectors, across Australia, New Zealand and the Asia Pacific region.
Contents
History
Downer originated in New Zealand in 1933 as Downer & Co, a privately owned company that was to become the foundation of Downer’s engineering division. Downer & Co was established by an engineer, the late Arnold Fielder Downer, CBE, and focused on providing engineering and construction services to the public and private infrastructure sectors in New Zealand, including the New Zealand Public Works Department. In 1964, Downer merged with A&G Price to form Cable Price Downer and in 1996 the company purchased Works Corporation, a state-owned enterprise formed from the civil construction arm of the New Zealand Ministry of Works and Development.[1]
Downer & Co played a significant role in the creation of a number of major public infrastructure assets in New Zealand, including the road, rail, water and power systems. Notable heritage projects in New Zealand involving Downer & Co include the Homer Tunnel accessing Milford Sound (1935–1940), Rimutaka Tunnel (1951–1955), Cook Strait Ferry Terminal for passenger and freight operations (1960), Lower Nihotupu Dam (1948), Lower Wairarapa Valley flood prevention scheme (1964–1984) and New Plymouth Power Station (1972).
Today, Downer is a supplier of services to the infrastructure, mining, metals and energy sectors in Australia, New Zealand and the Asia-Pacific region. It provides a range of services to its customers across the whole life cycle of their physical infrastructure assets, from “front end” consulting and design through to the creation, operation, maintenance, upgrade/expansion and final decommissioning.
Divisions
The Downer Group consist of five divisions:
- Infrastructure Services
- Engineering, Construction and Maintenance
- Mining
- New Zealand
- Rail
