Wednesday, October 15, 2014

OCTAGON ranks 20th in Top 100 General Construction Contractors in 2014

OCTAGON CONTRACTING & ENGINEERING ranks high in “Top 100 General Construction Contractors in 2014”, compiled by IBC Focus. The company ranks 20th among the 100 selected companies, after having reached an 87 million lei turnover in 2013.

The first 300 general contractors with the NACE code 4120- construction works for residential and non-residential buildings were considered for selection, depending on the turnover and on the number of ongoing projects in the past 12 months. IBC Focus used 4 different sources of information: the Ministry of Finances, the National Trade Registry, the Investment Report and the answers received from companies, after filling relevant questionnaires. 

The top excluded the companies registered under NACE code 4120 which perform other activities than the construction of residential and non-residential buildings; companies that are part of a group of companies already represented in Top 100 General Contractors by another company; companies that reported turnover and activity at the end of 2013, but when the information was collected were in insolvency, liquidation, radiation or dissolution; companies that did not have any ongoing construction project in 2013.

The company ranking first in top 100- Strabag SRL had a 1.1 billion lei turnover, while the last company in the top posted a 30 million lei turnover.

The first 10 positions in the top were filled by Strabag, Bog’Art, Astaldi Spa, Aktor Societate Tehnica Anonima Aktor, Vega 93, Con-A, P.A.B. Romania, Danya Cebus Rom, Constructii Erbasu and Aedificia Carpati.

2013 marked a strong recovery of OCTAGON CONTRACTING & ENGINEERING on the construction market. The company contracted six new projects and performed construction works worth around 20 million Euro- 87 million lei, in Romania and in Irak, where Octagon has a branch.

Thus in 2013 OCTAGON became general contractor for the office complex Hermes Business Campus- located in Bucharest, Dimitrie Pompeiu Blvd. OCTAGON performed superstructure, electrical and sanitary  installation and HVAC, concrete reinforcement works, the construction of the underground levels -4 and -3 and lifted the superstructure of building B. The works were worth 13 million Euro.

In 2011 OCTAGON build the foundation in top- down system, for two underground levels, within the office complex Hermes Business Campus.

Another project representative for the office market in Romania, in which the company was involved, is the office complex Green Court Bucharest (Gara Herastrau St.- Bucharest) where OCTAGON performed infrastructure and superstructure works for buildings A and B.

OCTAGON started last autumn the special foundation and infrastructure works on the office building PC Business Center (7- 9 A Bucharest- Ploiesti Road).

In 2013 OCTAGON also started the special foundation works on two projects in Iraq:  Al Zawraa Stadium in Baghdad and the Electric Power Plant 1,250 MW Shatt Al Basra.

Hermes Business Campus
Green Court Bucharest

PC Business Center

For more information click HERE
Phone: (+4)
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