Latest news with #HyundaiEngineering
Trade Arabia
2 days ago
- Business
- Trade Arabia
Mott MacDonald's global revenue in 2024 soars to record $3.3bn
Mott MacDonald, a leading engineering, development and management consultancy, has reported another year of growth with its revenue for 2024 surging to hit £2.5 billion ($3.3 billion) across its global regions for the first time. Announcing the solid results, Mott MacDonald said the performance highlights the resilience of the business in the face of economic and political uncertainties in key geographies in Europe, North America, Asia, Australia and New Zealand, and the Middle East. Organic revenue growth of 7.6% was indicative of a strong performance. Its 2024 figure was up 6.1% over the previous year with a pre-tax profit of £123.3 million, it stated. Mott MacDonald experienced growth in its UK consultancy business, with key appointments to support national grid in the design of two high-voltage links to increase renewable energy connectivity and continuing its work with Holtec Britain and Hyundai Engineering & Construction to explore the delivery of small modular reactor technology. Alongside its UK contracting business there was also good growth and opportunity in the water sector around AMP8, it stated. In the region, Mott MacDonald was appointed as city infrastructure engineer in Saudi Arabia for the first phase of THE LINE, which forms part of NEOM, the region taking shape in the northwest of the Kingdom. In North America, Mott MacDonald built on successes in transit, tunnels and underground infrastructure and energy, where it was appointed to provide programme and project management services for the Santa Clara Valley Transportation Authority. Work is ongoing in storm flood relief as it continues to support the upgrade of Philadelphia's historic sewer system. In Australia and New Zealand, Mott MacDonald said it had strengthened its offering with the acquisition of specialist consultancies Merz and Neo Engineering respectively. It was also selected by Queensland Hydro to provide engineering services for the upper and lower dams at the proposed energy hydro storage system at Lake Borumba. James Harris, the executive chair of Mott MacDonald, said: "The last 12 months mark another year of good performance for the business, as our revenues reached £2.5 billion for the first time."
Zawya
5 days ago
- Business
- Zawya
Saudi: Al Yamamah Steel rolls out deal exceeding $44.66mln in value
Riyadh – Al Yamamah Steel Industries Company inked a SAR 167.64 million deal with Trading & Development Partnership Company on 29 May 2025, according to a bourse disclosure. Under the one-year agreement, the two parties will join forces to supply steel towers for a 380 kilovolt ultra-high voltage line for the Western Region. Al Yamamah Steel highlighted that the project, starting in August, will start affecting its financial results during the fourth quarter (Q4) of 2025. Last February, the Tadawul-listed firm and a Branch of Hyundai Engineering and Construction Company Limited penned a SAR 174.91 million deal. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Times of Oman
25-02-2025
- Politics
- Times of Oman
South Korea: 4 dead in bridge collapse
Seoul: At least four construction workers were killed and several others were injured when a piece of elevated highway collapsed on Tuesday in South Korea. Some of those injured were in serious condition at a local hospital. Officials said that two of the deceased were Chinese nationals, and two were South Korean. One of the wounded workers is also Chinese. The bridge in Anseong, about 65 kilometres (40 miles) south of the capital Seoul, was still being built when the 50-meter-long beams holding it up crashed to the ground. Local fire official Ko Kyung-man told a televised press conference that the builders "were working to install a deck on the bridge." "All of the 10 were up on the deck... and fell from both sides when it collapsed," he said. Authorities said that the cause of the incident could not immediately be determined. Hyundai Engineering, the lead contractor for the construction project, issued a statement saying: "We sincerely bow our heads in apology to those who lost their precious lives and were injured in the accident at our construction site. We are actively cooperating with the relevant authorities to ensure a prompt resolution on-site." Acting President Choi Sang-mok told relevant agencies to mobilise all available personnel and equipment to the site of the collapse. Later, the National Fire Agency said it had sent 150 emergency workers to the scene, while the Transport Ministry said it had also dispatched several officials. According to South Korea's Labour Ministry, between the years 2020 and 2023, at least 8,000 people died in work-related incidents. Legislation was enacted in 2022 to try and address widespread safety issues, but fatalities have persisted.
Al Jazeera
25-02-2025
- Politics
- Al Jazeera
Four killed in South Korea road collapse
Four people were killed and six were injured in South Korea after elevated parts of a highway under construction collapsed on Tuesday, fire authorities said. The National Fire Agency said 10 people were working on the site in the city of Anseong, about 65km (40 miles) south of the capital Seoul. The accident took place at 9:49am (00:49 GMT), when five 50-metre (164-foot) steel structures supporting the highway bridge collapsed, trapping the workers in the rubble. The cause of the collapse was not immediately known. The Ministry of Land, Infrastructure and Transport said it dispatched a team of officials to the scene. Hyundai Engineering, the builder of the site, apologised for the loss of lives and injuries. 'We are actively cooperating with the relevant authorities to ensure a swift site recovery and a thorough investigation into the exact cause of the accident,' the company said in a statement, according to the Yonhap News Agency. Acting President Choi Sang-mok called to mobilise all available personnel and to ensure safety measures to prevent further damage, his office said. Choi became South Korea's acting president in December, after President Yoon Suk Yeol was impeached for his short-lived declaration of martial law on December 3. Yoon appeared in court for a preliminary hearing last week on allegations he was attempting to orchestrate a rebellion, before a criminal trial. Police arrested Yoon on January 15 after a weeklong standoff at his residential compound, in the first such action taken against a sitting president in South Korea. Deadly accidents continue to regularly occur at industrial sites in South Korea, which introduced a law in 2022 to address safety lapses and punish company management if a worker is killed on the job. Earlier in February, six people died in a fire at a hotel construction site in the port city of Busan, with about 100 people evacuated, including 14 workers plucked to safety by a helicopter after they had taken refuge on a rooftop. In June last year, a fire at a lithium battery factory that authorities blamed on quality control failures and inadequate safety training killed 23 workers.
