AMEC

AMEC

AMEC became a member of the FTSE 100 Index group of companies in December 2007. It is a British Company, founded in 1982 in the engineering and construction industry and it has grown globally to create annual revenues of over 2.3 billion.

AMEC services and operations

AMEC is a supplier of consultancy, engineering and project management services to the world’s energy, power and process industries. They design innovative solutions to technical and logistical challenges. They do this with:

• Feasibility studies – AMEC designs feasibility studies that combined with financial analysis ensure that a project is commercially viable, both technically and economically.
• Engineering – They provide a full range of engineering services so that they can manage major infrastructure projects in sectors such as oil and gas, transport and nuclear power.
• Environmental services – AMEC’s environmental services include water resource services, environmental impact assessments and environmental planning.

These consultancy services identify and mitigate risks at the earliest possible stages of a projects development and ensure that the best technologies are utilised and cost savings are made early on to ensure the projects financial viability.

History of AMEC

AMEC’s history can be traced back to two specialist engineering parent companies – Matthew Hall and Leonard Fairclough. The companies then were involved with oil platform design, power generation and bridge and road construction.

In 1982 AMEC plc was formed when William Press and Fairclough construction groups merged. By 1988 they acquired the Matthew Hall group of companies and expanded its international operations all over the world. They took on major projects such as the building of Hong Kong airport.

AMEC has gradually moved away from the construction industry and branched out more into international project management and engineering business services. By 2005 the company had become extremely diverse and was employing almost 45,000 people. So it was decided by the Board of the company to focus primarily on the core activities of oil and gas, power and process and environmental services. This resulted in the non core built environment business being sold in 2007.

AMEC Today

AMEC has grown substantially in the last 25 years to become a leading company it the engineering industry. The company employs people in over 30 countries around the world including Canada, Chile, Russia, Iraq and the United States. It currently employs approximately 20,000 people.

The company not only consults and project manages companies at the early stages of a project it also provides ongoing care and support throughout. AMEC has a training division based in Vancouver. This provides specialist training and technical support to help companies to improve asset performance and increase employee retention.

AMEC also has divisions that specialise in:

• Operations and Maintenance
• Waste Management
• Decommissioning

As of 2007 AMEC as company had an operating income of £126.5 million and revenue of £2,356.2 million. It continues to be a key player in a wide range of industries.