Aveng Ltd - Company Profile
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Business Description
Aveng Ltd (Aveng) is a provider of construction and engineering services. It offers its services to various sectors including infrastructure, power, mining, water, steel, and rail sectors. The company operates through various companies including McConnell Dowell, Moolmans, Aveng Grinaker-LTA, Aveng Manufacturing, and Aveng Steel. The company operates through three reportable business segments: Construction and Engineering: Australasia and Asia; Mining; and Construction and Engineering: South Africa and rest of Africa. It also has one discontinued segment Manufacturing and Processing. In FY2023, the company incurred a capital expenditure of ZAR1,375 million which grew 64.8% YoY.
Business Segments
- Construction and Engineering: Australasia and Asia
- Construction and Engineering: South Africa and rest of Africa
- Mining
Overview
- Operates through the company McConnell Dowell. - Provides construction and engineering and electrical services such as for rail, civils, marine, building, tunnel and underground, pipelines, and mechanical sectors. - Carries out construction and maintenance of railway infrastructure, tunnels, and pipelines. - Executes marine and mechanical engineering, industrial building projects, oil and gas, and mining and minerals. In FY2023, the segment incurred a capital expenditure of ZAR224 million which grew 19.8% YoY.
Performance
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Overview
Operates through Aveng Construction and Aveng Capital Partners (ACP).
Performance
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Overview
- Provides open-cut mining, shaft sinking, and underground mining services in Africa. - Operates through the company Moolmans. - Provides mining services for various commodities such as gold, zinc, nickel, coal, iron ore and waste, manganese, and platinum. - Owns and operates excavators, face shovels, dump trucks, drill rigs, support equipment, and underground equipment. In FY2023, the segment incurred a capital expenditure of ZAR1,087 million which grew 74.8% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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