The company also focused on turnkey projects, a concept Stephen Bechtel, Sr. pioneered, in which Bechtel handled a project from planning and design through construction. Notable projects include the Hoover Dam, the Channel Tunnel and the Tacoma Narrows Bridge. [202], In 2017, Bechtel ranked eighth on Forbes' list of America's Largest Private Companies by revenue,[203] and 7th on Fortune's list of the 25 Most Important Private Companies. Bechtel built 54 km of Transylvania Motorway for EUR 1.25 billion. [7][8], Warren Bechtel died unexpectedly in 1933 while in Moscow on business. Year on year, the revenue went up 7.4 per cent to €1,370.9 million. Last updated: December 28, 2020. [186][187][188] In late 2017, Bechtel completed the assembly of two nuclear waste melters, each at 300 tons. This feature is limited to our corporate solutions. [162][163] In 2016, Bechtel completed roof raises on two tanks at a liquefaction plant in Corpus Christi, Texas, for Cheniere. [120][121], In 2015, Bechtel began work as project manager of the Toronto-York Spadina subway extension for the Toronto Transit Commission. Due to strong revenue growth of 22.75 % in Power segment Fluor Corporation improved its market share, to approximate 1.62 %. [90] The unit also constructs and tests tanks for LNG storage. [104][105][106] The first section is targeted to open in October 2019[104][105][106] and the entire length of the highway is scheduled to be complete in 2024. The company had no prior experience in shipbuilding, but bid for the entire 60 ships. Departments of Defense and Energy. [192] Bechtel continues to oversee the operation. Bechtel Fast Facts. [6], Starting with the construction of Klamath River Highway in California in 1919, Bechtel ventured into jobs other than building railroads. facts. dollars)." Bechtle revenue breakdown by geographic segment: 34.0% from Abroad and 66.0% from Domestic   More on FLR Market Share. [74] The Mining & Metals unit is based out of Santiago, Chile, and Brisbane. [73], Outside of North America, the Infrastructure unit's headquarters is located at the company's London office. [158] The initial cargo from the first completed train was delivered in 2016. The $6.5 billion project is part of the National Nuclear Security Administration program to replace aging, Cold War-era facilities that service, refresh, and replace the uranium stages of nuclear warheads. Bechtel was awarded the contract and took over day-to-day construction of Plant Vogtle's Units 3 and 4 after Westinghouse Electric, the designer and principal contractor for the two new reactors, filed for bankruptcy. [80][81][82] Its corporate values include safety, quality, and ethics. [201], Several high-ranking Bechtel executives at times held important positions in the United States government. [84][85][86], Bechtel opened its welding and applied technology center in 2017 in the Houston Energy Corridor to train welding and construction workers. 12.4.4 Bechtel Corporation Liquid Natural Gas Products Offered 12.4.5 Bechtel Corporation Recent Development 12.5 BG Group 12.5.1 BG Group Corporation Information 12.5.2 BG Group Business Overview 12.5.3 BG Group Liquid Natural Gas Sales, Revenue and Gross Margin (2015-2020) 12.5.4 BG Group Liquid Natural Gas Products Offered [189], The unit also manages U.S. Department of Defense contracts to dismantle and dispose of stored chemical weapons, including decades-old mustard and nerve gas from World War II. EBIT climbed 18.0 per cent to €13.1 million. Industry. [10][17][22] Bechtel also began engineering work on the Bay Area Rapid Transit (BART) system in 1959. [173][174][175], In June 2019, Kallanish Energy reported that Bechtel had been hired by Thailand's PTT Global Chemical America and South Korea-based partner Daelim to build a $6 billion ethane cracker on the Ohio River in Belmont County, Ohio. [55], Bechtel's major operational locations are in Brisbane,[56] Calgary,[57] Dubai,[58][59] Houston,[60] London,[61] New Delhi,[62] Reston, Virginia,[63] San Francisco,[64] Santiago,[65] Shanghai, Nairobi, Taipei,[66] and Washington, D.C.[67], The company is headquartered in Reston,[68] which also houses the company's global operational headquarters,[69] as well as the headquarters of the Nuclear, Security & Environmental global business unit and the Americas offices of the Infrastructure global business unit. Revenue for 2018 was $7.7 billion, down from $8.6 billion in the previous year. [8][9][10], In 1925, Warren, his sons Warren Jr, Stephen, Kenneth (Ken), and his brother Arthur (Art) joined him to incorporate as W.A. "Bechtel's global revenue from FY 2006 to FY 2019 (in billion U.S. Under his leadership, the Hoover Dam was finished in 1935. [90], In 2013, the unit completed construction of Saudi Arabia's first aluminum smelter in Ras Al-Khair,[127] the Daunia coal mine in Queensland, Australia,[129] and the expansion of the Kooragang Coal Terminal in Port Waratah in Australia, increasing capacity to 145 million tonnes per annum (Mtpa). Bechtel annual revenue decreased from $25.5 billion in 2018 to $21.8 billion in 2019, a (14.5%) decrease. In 1995, the company reached a milestone with revenues exceeding 100 million German Mark (approx. The tunnel was completed in 1994. [2], Bechtel's business activities began in 1898, when cattle farmer Warren A. Bechtel moved from Peabody, Kansas, to the Oklahoma Territory to construct railroads with his team of mules. Please contact us to get started with full access to dossiers, forecasts, studies and international data. [7] Bechtel completed work on a series of railroad contracts during the early 1900s, culminating in an extension of the Northwestern Pacific Railroad finished in 1914. [124] Bechtel's work on the Carroll County Energy Facility in Ohio for Advanced Power was also completed in 2017. [41][42], In 2001, Bechtel began work on the Hanford Tank Waste Treatment and Immobilization Plant at the Hanford site in Washington state. [50][51], Other major projects at the end of the 2000s included the Tacoma Narrows Bridge in Washington state,[52] Jamnagar Refinery expansion in India,[53] Equatorial GuineaLNG,[54] and Oak Creek Power Plant in Wisconsin. BECHTEL Revenue, Growth & Competitor Profile. [170] Also in 2016, it was awarded a contract to upgrade a refinery in Beaumont, Texas, for ExxonMobil, using ExxonMobil's proprietary SCANfining technology. [10][15], Stephen D. Bechtel, Jr. took over for his father as president of the company as Stephen Bechtel, Sr. retired in 1960. Global Heavy And Civil Engineering Construction market research report includes reliable economic, international, and country-level forecasts and analysis to provide holistic view on Heavy And Civil Engineering Construction market. [92][93] In July 2014, Bechtel was selected to build a new 37-mile motorway linking Kosovo's capital, Pristina, to Macedonia. [40], Several projects in the 2000s attracted controversy. He became CEO in 2016 and chairman & CEO in 2017. In 1972, Bechtel was involved in approximately 20 percent of all of the United States' new power-generating capacity. [181] In 2014 the U.K. Ministry of Defence selected Bechtel to support the Royal Navy and Air Force on procurement and managed support services. [29] Litigation ensued, and in January 2008, Bechtel settled with federal and state officials for $352 million with other contractors involved paying smaller amounts. [41] In 2000, after a protest against water prices being raised by a utility partially owned by Bechtel in Bolivia, the company pulled out of the country and later filed suit against Bolivia for $25 million in losses. [178] In June 2013 the unit completed design and construction on a U.S. Missile Defense Agency project at Fort Greely, Alaska, which included three missile fields and forty silos. New, Everything you need to know about the industry development, Find studies from all around the internet. Among the highlights: [23] In 1968, the company completed the largest nuclear plant in the U.S. at the time, the San Onofre Nuclear Generating Station, in California. [167] It is also the lead contractor for a Shell petrochemical plant in Beaver County, Pennsylvania. Company Awards. [45][46], In 2003, Bechtel won a $680 million contract to begin rebuilding infrastructure in Iraq for U.S. Agency for International Development. Bechtle has 10,005 employees across 14 locations and €4.32 B in annual revenue in FY 2018. The claim was settled in 2006 for $0.30. *Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment. [169] In 2016, the unit was contracted by the Egyptian General Petroleum Corporation to design an upgrade to the coker unit at the Assiut refinery in Egypt using its ThruPlus technology. Denton, Sally. [14][16][19] The company continued to expand globally throughout the 1940s, particularly in the Middle East. [149], Between 2011 and 2016, the unit built three LNG plants on Curtis Island in Queensland, Australia. BECHTEL HOLDS ITS OWN / Despite economic downturn, S.F. Bechtel's global revenue from FY 2006 to FY 2019 (in billion U.S. dollars) [Graph]. In, Bechtel. [132], In 2015, the unit completed the Las Bambas copper concentrator in Peru for MMG,[133] the Kitimat aluminum smelter in Canada for Rio Tinto Group.,[134] and the Escondida Organic Growth Project 1 (OGP1), the largest single-line copper concentrator ever built. [79] The company frequently manages work from design through construction phases. [123] Bechtel completed construction of the Stonewall Energy Facility in May 2017. [171], In late 2017, the unit was selected to design and build Tellurian's Driftwood LNG project, a proposed liquefied gas facility in Louisiana. [36][37][38] Bechtel also managed design and construction of facilities for Olympic games: the 1992 Barcelona Summer Olympics,[25] and the Winter Games in Nagano, Japan in 1998. [25] In 2001, Bechtel was part of a consortium to project manage the US$4.3 billion construction of the CSPC Nanhai Petrochemicals Complex in China. [196], As of 2018, Bechtel is building the Uranium Processing Facility at the Y-12 National Security Complex in Tennessee. [146] In August 2015, Bechtel was contracted by Delfin LNG, to provide front-end engineering and design for a planned floating LNG vessel at Port Delfin off the coastline of Louisiana, which would be the first in the U.S.[165] Also in 2015, the unit was awarded a contract to manage the engineering, procurement, and construction of 12 new natural-gas pipelines in Thailand. The company built roads, bridges, and highways throughout the western United States. [43][44] Management of the project has been the subject of controversy including the Department of Energy's Inspector General reports and Government Accountability Office studies regarding rising costs, nuclear safety and quality, and whistleblower allegations. Brendan Bechtel is the fifth generation of the family to run the company. Contractor by revenue by Engineering News-Record for 20 years in a row[205][206] and ranked 12th on the publication's Top 250 International Contractors list by revenue for 2018.[207]. [70][71] The company's Oil, Gas & Chemicals unit is based in the Houston office. [95][96] As of June 2015, the project is 65% complete. [8][9] He painted "W.A. (March 13, 2020). [110] The Infrastructure unit had also worked on projects for Google Fiber in several markets in the Southeastern U.S.[111][112][113], Among completed projects, Bechtel finished a 10.8 miles (17.4 km) four-lane motorway in Kosovo a year ahead of schedule in November 2013. [125] In 2018, the unit completed a new air passenger terminal in Muscat, Oman. As of 2013, it is considered the most complex project in the US. Then you will be able to mark statistics as favourites and use personal statistics alerts. [67][184][185] By 2019, the Pueblo Chemical Agent-Destruction Pilot Plant in Colorado had destroyed nearly 100,000 munitions. [6][12] In 1929, Warren's son, Stephen, urged his father to embark on the company's first pipeline project. Bechtel. [81][155] Following completion of Train 1 in late 2017, Train 2 of the facility moved into production mid-2018. Earnings before taxes (EBT) amounted to €71.7 million, and the EBT margin improved from 4.5 to 5.2 per cent. In the reporting period, the revenue in the IT e-commerce segment climbed 19.1 per cent to €257.2 million. [12][16], In 1949, Bechtel began working with nuclear power after being contracted to build the Experimental Breeder Reactor I in Idaho. [193][194] In May 2016, a joint venture including Bechtel won a contract to conduct front-end engineering and design for the eventual construction of Wylfa Newydd, a nuclear power station in Wales for Horizon Nuclear Power. Directly accessible data for 170 industries from 50 countries [49], In 2007, Bechtel began work on the Romanian A3 motorway (Autostrada Transilvania) and Albanian motorways. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: The figures are compiled through several editions of the annual report. The companies abroad stepped up their revenue by 16.3 per cent to €174.1 million. Criticism of the project increased in 2005 when a leak sprang in one of the new tunnels. However, the strategically motivated sale of TomTech as of 31 August must also be taken into consideration in this segment. Small Modular Nuclear Reactor Market Insights includes market share, market research report, market trade, market prices, market geography trend and market forecast In 2018, Bechtel reported $25.5 billion in revenue and 40,000 employees, according to Washington Business Journal research. Stratégie de revenu du marché mondial Architecture, Engineering Consultants et autres services connexes 2021: Bechtel, AECOM, Jacobs, CH2M Hill, Gensler etc. Business Segments. [191] Since May 2012, Bechtel has been part of a consortium completing the Chernobyl New Safe Confinement, a structure that will safely confine the damaged Chernobyl Nuclear Reactor Number 4. In November 2016, the team slid a massive containment arch to cover the damaged nuclear reactor and contain radioactive material. 6 Min Read. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Research expert covering finance, insurance & real-estate, internet & e-commerce, Profit from additional features with an Employee Account. [195], In August 2017, Bechtel took over as the lead contractor to complete construction at Georgia Power's Plant Vogtle. Then you can access your favorite statistics via the star in the header. [6] In 1906, W. A. Bechtel won his first subcontract to build part of the Oroville-to-Oakland section of the Western Pacific Railroad. €51 million as of January 2001) and began trading over the internet. [14][17][18], Bechtel's first job outside the U.S. was building the Mene Grande pipeline in Venezuela in 1940. [154] The unit also built the Wheatstone project, a two-train LNG plant that is one of Australia's largest energy resource efforts. American construction and civil engineering company. The 20-year project was critiqued for rising costs and increasing scope of work, as the Big Dig became more complex than was originally estimated. [59][76] It established innovation centers in Houston and London in 2015 and Santiago in 2018 to test new technology. Rapport d’étude de marché mondial sur les Construction lourde et génie civil 2020 | China Railway, China Railway Construction, China Communications Construction, Bechtel, Power Construction frankvaladez décembre 23, 2020 [168], Bechtel's technology was licensed for facility upgrades at the Rijeka Refinery in Croatia in February 2014. [23][28] In 1989 Riley P. Bechtel was named president of the company. [98] The company is also involved in several ongoing projects as of 2016, including building national infrastructure in Gabon[99] and supporting the continuous development of Jubail industrial city in Saudi Arabia. Here's why it's so important", "Saudi Spends $22 Billion on Riyadh Metro Line Construction", "Bechtel built 54 km of Transylvania Motorway for EUR 1.25 billion, but agreed to renegotiate contract", https://en.wikipedia.org/w/index.php?title=Bechtel&oldid=997390847, Construction and civil engineering companies of the United States, Energy engineering and contractor companies, Nuclear technology companies of the United States, Construction and civil engineering companies established in 1898, Privately held companies based in Virginia, Articles lacking reliable references from August 2016, All Wikipedia articles written in American English, Creative Commons Attribution-ShareAlike License, Facility of six LNG trains currently in development and a, Master plan for infrastructure development in, Rapid transit system under construction in. 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