Gammon Construction

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Gammon Construction Limited
Private
Industryconstruction
Founded1919
FounderJohn C. Gammon
HeadquartersVictoria, Hong Kong
Area served
mainland China
Asia Pacific
OwnerJardine Matheson
Balfour Beatty
Websitewww.gammonconstruction.com

Gammon Construction Limited (Chinese: 金門建築有限公司) is a leading construction and engineering contractor headquartered in Victoria, Hong Kong. In addition to local construction projects, it also involved in construction and engineering various projects in China and Southeast Asia.

History[edit]

The company originated from a construction business founded in India by John C. Gammon in 1919.[1] In 1955, a branch was engaged to build a new runway at Kai Tak Airport in Hong Kong.[1] In 1958, Gammon Construction Limited ("Gammon") was formed to establish a permanent presence in Hong Kong.[1]

Once incorporated in Hong Kong, it grew rapidly, obtaining construction work of a diverse nature. By the late 1970s, it was established as the leading contractor in Hong Kong, participating in many of the major infrastructure projects of that time. The company began to expand business outside Hong Kong, establishing offices in Singapore and Vietnam.[1]

Ownership[edit]

Jardine Matheson took a minority interest in Gammon in 1969 and it became a public company in 1970. Then in 1975, Jardines acquired the remaining shareholding and thus Gammon became a wholly owned subsidiary of Jardines.[2] In late 1983 Jardine Matheson sold 50 percent of Gammon to Trafalgar House, a UK based company involved in construction, shipping and property.[3]

In India Gammon, was taken over in 1991 by Abhijit Rajan. In Pakistan Gammon was taken over by the Bibojee Group. Gammon then became the preferred constructor throughout the Asia-Pacific region for both Jardines and Trafalgar House. In 1996, Kvaerner took over Trafalgar House thereby acquiring its 50% interest in the Gammon. Skanska acquired all of Kvaerner's construction businesses (including Gammon) in late 2000. Balfour Beatty, the international engineering, construction and services group, subsequently purchased Skanska's 50% in Gammon in 2004.[4]

Notable Projects[edit]

Gammon has been involved in the construction of various major projects in Hong Kong and around the region.

References[edit]

  1. ^ a b c d "A golden decade for the construction industry". South China Morning Post. 10 June 2014. Retrieved 26 September 2018.
  2. ^ "Balfour Beatty and Jardine Matheson win £600m Hong Kong contracts". The Telegraph. 13 June 2016. Retrieved 26 September 2018.
  3. ^ "Hong Kong Construction Firms May Be Squeezed by Slowdown". Wall Street Journal. 1 May 1996. Retrieved 26 September 2018.
  4. ^ "Balfour buys Gammon stake". Construction News. 3 June 2004. Retrieved 26 September 2018.
  5. ^ "One Island East, Hong Kong". Gammon Construction. Retrieved 26 September 2018.

External links[edit]