Aveng Grinaker LTA

Aveng Grinaker-LTA focuses on securing quality projects in strategically targeted markets, ensuring excellent project delivery and implementing innovative approaches to project development, bidding and building to optimise performance. The operating group strives to consistently execute work at margins above those tendered.

2016 salient features

  • Marginal loss of R69 million; breakeven achieved after adjusting for restructuring and holding costs
  • Cost reduction completed
  • Management structure stable
  • Loss-making contracts resolved
  • Significant claims largely resolved
  • Substantial positive cash flow
  • Strong brand, reputation, and order book for Building operations
  • Civil Engineering and Mechanical & Electrical order book under pressure
  • Four Coastal business unit sites achieved five-star Master Builders Association rating
  • Mechanical & Electrical fabrication facilities achieved seven years LTI-free
  • The eMalahleni project achieved five years LTI-free

Geographic Footprint

grinaker-map.jpg

For more information on the operation go to www.avenggrinaker-lta.co.za

For more on performance view the Integrated Report 2016