Porr

PORR Group
Aktiengesellschaft
Industry Construction
Founded 1869 (as Allgemeine österreichische Baugesellschaft)[1]
Headquarters Vienna, Austria
Key people
 Karl-Heinz Strauss (CEO)
Revenue 3,4 billion EUR (2013)
Number of employees
 13.878 (2015)[2]
Website www.porr-group.com

The Porr Group (company's preferred spelling: PORR) is a publicly listed construction company with its headquarters in Vienna. It is the biggest Austrian building contractor in domestic building industry.[3] Globally, Porr is on the second position among Austrian building contractors. Porr provides services in all areas of the construction industry. It operates nationally and internationally in areas from civil engineering including roads, tunnels and special underground constructions through building construction including project development up to environmental engineering and facility management.

Today's Porr AG parent company was founded in 1869 as a public company under the name Allgemeine österreichische Baugesellschaft, which makes Porr the oldest public company in the country.[4] The name Porr goes back to the building technician Arthur Porr, the co-founder of A. Porr Betonbauunternehmung which merged with Allgemeine österreichische Baugesellschaft in 1927.

History

The Allgemeine österreichische Baugesellschaft was founded in 1869 in Vienna.[5] That same year took place the first listing on the stock exchange and the establishment of several Vienna Ring Road buildings of 19th century, such as the House of the Industry on Schwarzenbergplatz. In 1873 the company established erection of seven exhibition pavilions and numerous hotels for the World Exposition in Vienna.

Arthur Porr, a concrete construction pioneer, and O. Stern founded the A. Porr Betonbauunternehmung Gesellschaft mbH in 1908.

The merger of the two parent companies for Allgemeine Baugesellschaft - A. Porr Aktiengesellschaft was carried out in 1927. In 1930, the company pioneered with the construction of the world-famous Grossglockner High Alpine Road. In the interwar years Porr participated in construction of numerous power plants, roads, railways and industrial buildings. During the occupation after the 2nd World War the company belonged to Soviet-run USIA-Betrieben.

This was followed by the construction of prestigious office and commercial buildings such as the distinctive Ringturm in Vienna in 1960. Porr also acted increasingly as a general contractor for major national projects. In 1973 the construction of the Vienna International Center took place, the Vienna UNO City. In the 1980s, the group expanded its activities in Central and Eastern Europe. In 2000 Porr became the majority owner of the Teerag-Asdag AG, the most important road construction company in Austria.

In 2008 the company was already an international construction group with subsidiaries active in 16 European countries. The Turkish Renaissance Group got involved in 2009 with 10,22 percent of the Porr Group. Together, companies founded a 50:50 joint venture called Porr Construction Holding. In 2010 in the context of the BUWOG-Affair came investigations on Austrian Porr departments.[6][7] Despite the international activities at the time, 70% of the revenue came from construction projects in Austria, the remaining 30% from Germany, Switzerland and Eastern Europe.[5]

Since September 2010 Karl-Heinz Strauss[8] is the CEO of Porr.[9] By the time, the Porr Group has been extensively restructured. In 2011 Porr took over the Teerag-Asdag shares of Wiener Stadtwerke and thus becoming the only owner. The board of the company in December 2011 announced the decision of buying the Treves Lime, Dolomite and Cement Plant (TKDZ) in Wellen.[10] In 2012, the Bank Austria sold its 38% shares in the company to Karl-Heinz Strauss for around 80 million euros, so that Strauss with 44% of voting share became the largest single shareholder.[11] Moreover, the company Strauss & Partner, founded in 2008, which operated projects such as Euro Plaza in Wienerberg and Monte Laa, was brought in the group.[8][12][13] In 2013 the company name was changed from Allgemeine Baugesellschaft - A. Porr AG to PORR AG, with which the group appears internationally.

In July 2014, Porr increased its shares in UBM from 41,33% (until 1991 Union-Baumaterialen) back to a controlling stake.[14]

Corporate structure

PORR AG
Aktiengesellschaft
Industry Construction (Parent company)
Founded 1869 (Legal form and name since 2013)
Headquarters Vienna, Absberggasse 47
Key people
 Karl-Heinz Strauss (CEO)
Revenue ca. 57 million EUR (estimation, 2014)[1]
Number of employees
 335 (2015)[15]
Website www.porr-group.com

The parent company PORR AG acts as an umbrella.[1]

Main operative business groups in the construction sector are the Porr Bau for building construction and the Teerag-Asdag for civil engineering, after those come national companies such as Porr Deutschland.

The output service range is structured into business units:

Range of services

The range of Porr services covers the entire chain of construction industry: designing, financing, building, operating, maintaining.

Building Construction

The area of building construction covers the spectrum of Porr hotels, universities, apartments, office buildings, objects in the healthcare sector, industrial plants and football stadiums as well as the revitalization of architecture worth protecting.

Civil Engineering

Numerous tunnels, bridges, subways, railways, power plants, industrial plants and highways in Austria and neighbouring countries have been constructed by Porr in the past. The company has numerous patents, including some of the most advanced tunnel and railway systems as well as special methods for environmental remediation and hazardous waste treatment.

The Teerag-Asdag AG is responsible within the Porr for all civil and road engineering activities in Austria.

Infrastructure

Porr has built several infrastructure projects throughout its history: tunnels, bridges, subways, railway and rail systems as well as slab track projects. The areas of power plant construction, foundation engineering, pipeline construction, roads and transportation infrastructure as well as various major projects in the civil engineering segment complete the portfolio of Porr in terms of infrastructure.

Development

Porr has established specialized subsidiaries for project development. The core competencies of Strauss & Partner Development GmbH lie in the development of projects in the civil engineering and in the areas of infrastructure, energy, health and tourism.[12][13] The company is active mainly in Austria and Germany.

The Porreal Immobilien Management GmbH positions itself as a complete provider in the real estate management business on the relevant domestic and abroad markets and also provides management of all the Group's own properties.

The UBM Realitätenentwicklung AG is primarily concerned with the development and construction of building projects in Central and Eastern Europe.

Environmental Engineering

The Porr Umwelttechnik GmbH was founded in 1990 as a subsidiary of Porr to concentrate the Group's existing knowledge in the field of technical environmental protection and to develop and put into practice innovations in planning, financing, construction and operation of environmental structures and plants.

Projects

Selected Porr projects:

External links

References

  1. 1 2 3 Firma PORR AG in Wien.
  2. ↑ Annual Report 2015, retrieved 20. May 2016
  3. ↑ Porr verkauft Zentrale an Tiroler Investor, Wirtschaftsblatt, retrieved 23. December 2014
  4. ↑ Porr spaltet Immobiliengeschäfte ab: PIAG notiert ab heute an der Wiener Börse, Wiener Börse News, retrieved 10. December 2014
  5. 1 2 Porr, Allgemeine Baugesellschaft A. Porr AG in: Austria-Forum, the Austrian knowledge network online  (at AEIOU)Österreich-Lexikon).
  6. ↑ Buwog-Affäre: Hausdurchsuchung bei Baukonzern Porr, diepresse.com, 28. January 2010
  7. ↑ Buwog, profil.at, retrieved 31. January 2010
  8. 1 2 Lebenslauf GD Ing.
  9. ↑ Porr AG: Erstes Pressegespräch mit Karl-Heinz Strauss in neuer Funktion, APA, OTS0139, 15. September 2010.
  10. ↑ Christian Kremer: Kommt Stuttgart 21 in Wellen unter die Erde? 19. December 2011
  11. ↑ Porr-Chef kauft Porr, diepresse.com, 17. July 2012
  12. 1 2 3 Unternehmensseiten Strauss & Partner Development GmbH.
  13. 1 2 Firma STRAUSS & PARTNER Development GmbH in Wien.
  14. ↑ The acquisition was in mid-2014 still subject to approval by the competition regulation authorities and the Porr-Board.
  15. ↑ Yearly Financial Statement 2015 (German), retrieved 20. May 2016
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