stefanutti stocks
Post on 25-Jul-2016
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Stocks
Stefanutti
Stefanutti StockS
Stefanutti StockS
Delivering complete construction and contracting solutions
Stefanutti Stocks is a name synonymous with
construction in Southern Africa. One of the industry
leaders, it is able to deliver projects of any scale to
a multitude of clients in diverse markets.
With 12,000 employees, Stefanutti Stocks is a Level Three
B-BBEE contributor that carries a Grade 9 rating from the
South African Construction Industry Development Board
(CIDB) for unlimited tender capability.
AFRICA AND BEYOND Stefanutti Stocks operates across all provinces of South Africa.
In sub-Saharan Africa the group has established a presence
in Angola, Botswana, Ghana, Mozambique, Namibia, Nigeria,
Sierra Leone, Swaziland, Tanzania, Zambia and Zimbabwe.
Outside of Africa, the group has businesses in Dubai, Abu-
Dhabi and Qatar.
There are various business units across its geographical
areas of operation. These business units include divisions in
South Africa and operating companies in sub-Saharan Africa.
In the Middle East region the group’s associates in the
UAE comprise of Al Tayer Stocks, an interior fit-out and refurbishment business; and electro-mechanical contractor
Zener Steward LLC. In Qatar the Rabban Stefanutti Stocks
partnership is involved in general construction.
It is important to comprehend just what Stefanutti has the
capability for over such a wide spectrum of projects. It proves
itself as a multidisciplinary construction group, with capabilities
spanning a broad range of industries including:
• Building construction and mass housing• Environmental• Heavy industry • Marine• Mining services & mining infrastructure• Oil & Gas and Petrochemical• Power• Telecommunications• Transport nodes, roads & infrastructure; and• Large dams, water transfer schemes & waste water.
DIVERSITYStefanutti Stocks knows that the key to success in the
construction industry is diversity, which is why it has
worked hard to strategically position itself with a portfolio of
both conventional and niche skills. Being able to seamlessly
mobilise across the group (and into the rest of Africa) is an
asset integral to the group’s multidisciplinary nature.
The business units in which African operations are divided
into are Roads, Pipelines and Mining Services (RPM) Structures, Building, Corporate Services and Mechanical and
Electrical. These are based on localised operations which are
firmly established and backed by premier brands, financial strength and common values.
The group also has specialist construction capabilities which
include marine, geotechnical and piling, slipforming, incremental
bridge launching, electrical & instrumentation, mechanical, oil & gas, tailings disposal dams and bulk pipeline construction
One of the group’s mottos is ‘If you can dream it, we can
construct it.’ This summarises Stefanutti’s approach to their
client’s wants and needs, from specialist construction to
simple projects, the organisation will deliver across the scale.
SWAZILAND OPERATIONSStefanutti has grown to become one of the biggest contractors
in Swaziland undertaking building, civil and roads & earthworks contracts.
The successful completion of a broad range of projects
includes the Sikhupe International airport, LUSIP main canal and the Public Service Pension Fund office park in Mbabane.
Based in Matsapha, the Swaziland unit has built up a
strong reputation to become a preferred construction partner
in Swaziland and bordering countries since the late 1980s.
MAYDON WHARFStefanutti Stocks entered into a joint venture with Axsys
Infrastructure to become the main contractor for a major
upgrade on the Port of Durban in April 2014.The R1.6 billion project forms an integral part of Transnet’s
Market Demand Strategy which aims to improve the port
system to promote economic growth.
The project involves the reconstruction and deepening of
six of the 15 berths in this precinct, with the Maydon Wharf
entrance channel needing to be deepened to enable larger
vessels to enter the port.
Transnet Capital Projects (TCP) – which is overseeing the project, recently achieved a safety milestone of 1,000,000
Man Hours without a Lost Time Injury (LTI) on the project.Shane Perumal, Project Manager, said: “There has been
a huge safety commitment from the Project Managers, the main contractor Stefanutti Stocks AXSYS Joint Venture, and
subcontractors, to provide continual training, preventative
programmes, communication of safe work practices, sharing
of lessons learned from observations and incidents and
www.cornastone.co.zainfo@cornastone.co.za
The key to a successful business lies in good collaboration, communication and relationships that assist customers derive value from their investments.
good site safety vigilance. This ensures that everyone – from labourers to senior management- works safely every day.”
STAFF AND THE ENVIRONMENTStefanutti Stocks’ divisions are all accredited and audited
by industry bodies in line with industry standards and
requirements. The group doesn’t stop there, its intensive
development and training programmes for staff means
employees are continually raising their performance.
“We have established a culture of investing in people, which provides the framework for personal growth and development
of our employees, our colleagues and our peers. At the same
time, our people are given the tools to take responsibility and
ownership,” says Stefanutti.
A safe working environment is crucial to enhancing the
wellbeing of employees, and Stefanutti is committed to providing
this. Testament to his is the Group Lost Time Injury Free Rate (LTIFR). Numerous awards from industry associations have recognised the group’s outstanding performance.
The environment is another important consideration for the
Group. It has implemented programmes and policies to minimise
the adverse effects its operation has on the environment. This
includes reviewing the methods of construction, and use of
materials to allow for a greener project construction process.
Stefanutti is also passionate about contributing all it can to
the local community. To this end it is involved in a number
of Economic Development initiatives in local areas to focus
primarily on education.
CHALLENGING TIMESWillie Meyburgh, CEO of Stefanutti Stocks, acknowledges that
the environment for construction business is a tough one at
present. Despite this, the group achieved satisfactory results
in its last financial statement.“This is despite an extremely challenging trading
environment, stated Meyburgh. Management regularly review
and align each business unit and its respective divisions with
the changes in their particular markets to ensure ongoing
sustainability.”
The issue of supply and much less demand is a major
problem. The construction industry is undergoing a challenging
period, as Meyburgh acknowledges.
“The high levels of competition for available work may negatively impact operating profit margins going forward. However, we are of the view that potential growth prospects exist in certain sectors of the economy, which provide
opportunities for our Roads & Earthworks, Building, Oil & Gas and Electrical & Instrumentation operations.”
In other sectors, the group says it is well positioned to
take advantage of the medium-sized projects coming to the
marketplace to maintain the order book.
”Our multi-disciplinary and geographically diversified business structure provides a robust platform on which the
group is able to position itself as a strong competitor in the
southern African construction market. We will also continue to
look for opportunities both in southern Africa and on a more
selective basis further afield in sub-Saharan Africa.”
Oliver Moy PublisherFor enquiries emailokm@aubusinesscoverage.com
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