SNC-Lavalin
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| Type | Public (TSX: SNC) |
|---|---|
| Industry | Engineering Services |
| Founded | 1911 |
| Headquarters | Montreal, Quebec, Canada |
| Key people | Gwyn Morgan (Chairman) Pierre Duhaime (President & CEO) |
| Products | Engineering Services, Project Management, Construction, Construction Management, and Procurement |
| Revenue |  C$6.101 billion (2009)[1] |
| Net income |  C$359.4 million (2009)[1] |
| Employees | 21,948 (as of December 31, 2009)[1] |
| Website | www.snclavalin.com |
SNC-Lavalin Group Inc. (TSX: SNC) is a large Canadian engineering firm. It is one of the ten largest engineering firms in the world and is based in Montreal, Quebec. It formed in 1991 from the merger of Surveyer, Nenniger & Chenevert Consulting Engineers (SNC) and the failing Lavalin, another Quebec based engineering firm.
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[edit] History
Surveyer, Nenniger & Chenevert Consulting Engineers (SNC) was established by Swiss-born Arthur Surveyer in 1911 in Montreal. Surveyer’s private practice at first specialized in hydraulics (rivers, hydropower projects and flood control), but soon branched out into the industrial sector (particularly pulp and paper and mining and metallurgy).
Surveyer formed a first 10-year partnership with Emil Nenniger and Georges Chênevert in 1936. A second partnership agreement was signed in 1946, and the firm’s name was changed to Surveyer, Nenniger and Chênevert. The name would eventually be abbreviated to SNC.
Lavalin was formed in 1936 by engineers Jean-Paul Lalonde and Romeo Valois. Bernard Lamarre was named President and CEO in 1962, and led the company for the next 29 years. During that time Lavalin grew to become SNC’s main rival in Canada. Lavalin also branched out in other industries, such as cable television—Canada's The Weather Network and MétéoMédia were founded by Lavalin in 1988; Lavalin's shares would be sold to Pelmorex in 1993. In 1991, SNC merged with Lavalin to become SNC-Lavalin.
In June 2011, SNC-Lavalin agreed to purchase the reactor division of Atomic Energy of Canada Limited (AECL) from the Canadian Government for C$15 million.[2]
[edit] Operations
The company has interests in transportation, construction, hydroelectricity, mining and metallurgy, oil and gas, chemical engineering, petroleum engineering, aerospace engineering, defense, nuclear, environment, agriculture, pharmaceuticals and telecommunications.
[edit] Major projects
- The James Bay Project for the James Bay Energy Corporation (completed in 1979)[3]
- The Brun-way project to twin Route 2, the New Brunswick portion of the Trans-Canada Highway. This project saw existing sections of highway twinned as well as extensive new alignments built (completed in 2007)[4]
- The William R. Bennett Bridge in Kelowna, British Columbia (completed in 2008)[5]
- The Canada Line, an extension of the SkyTrain rapid transit system in Vancouver (completed in 2009)[6]
- The Ambatovy nickel and cobalt mining and preparation plant in Madagascar (due to be completed in 2010)[8]
- Ermine Power Station in Saskatchewan (completed in 2009)[10]
[edit] References
- ^ a b c "SNC Lavalin 2009 Annual Report". http://www.snclavalin.com/pdf/investors/2009/ra_en.pdf. Retrieved 2010-05-24.
- ^ Colin McClelland; Andrew Mayeda (2011-06-29). "Canada Sells AECL’s CANDU Reactor Division to SNC-Lavalin - Bloomberg". Bloomberg. http://www.bloomberg.com/news/2011-06-29/canada-sells-aecl-s-candu-reactor-division-to-snc-lavalin-1-.html. Retrieved 2011-07-04.
- ^ International Directory of Company Histories
- ^ SNC-Lavalin and partner win $543.8m contract
- ^ SNC-Lavalin chosen to deliver William R. Bennett Bridge
- ^ Best and Final Offer Stage Report & Recommendations
- ^ SNC Lavalin powers up strong earnings
- ^ Ambatovy sponsors reach agreement
- ^ "Apella Resources reports on exploration effors at Lac Dore North Vanadium Project". Proactive Investors UK. 2 December 2009. http://www.proactiveinvestors.co.uk/companies/news/10881/apella-resources-reports-on-exploration-efforts-at-lac-dore-north-vanadium-project-10881.html. Retrieved 2010-01-01.
- ^ Saskpower Peaking Stations
