UK construction brands group, Morgan Sindall plc, which acquired contractor Miller Civil Engineering Services (MCES) in May has reported a 41% turnover increase for the first six months of 2001 compared to the same period last year.
The increase from $404M to $570M is reflected in a 75% rise in pre-tax profits from $8.1M last year to $14.1M this year.
Morgan Sindall believes a strong performance by MCES, which includes tunnelling work at Heathrow for BAA, has been a major contributing factor in the impressive results.
" With water companies forecast to increase spending over the next five years and $252bn investment into the transport infrastructure industry by the government, MCES has enormous growth potential," says Graham Grundon, managing director of MCES. "As an infrastructure service specialist we are looking forward to developing and maximising this potential across our civil, tunnelling and water sector businesses."
Currently Miller Tunnelling is building a $5.6M precast concrete tunnel segment factory in north Kent, UK. The Company is filling the gap left by the closure of Taylor Woodrow’s UK facility in Middlesex last year that was worth approximately $42M in business having 40% of the UK’s market. The ‘one stop shop’ will provide client’s a total package to drive, install, and supply tunnel lining segments for large tunnelling projects when it starts production in December this year.
