Concor Holdings


Concor Holdings Ltd. is a South African construction company. It is active throughout Southern Africa, involved in mining, civil engineering, building and road projects. Concor returned as an independent brand in late 2016.

Company history

Origin

Dr F. Piccini, the original founder of Construction Corporation, registered the company in Johannesburg on 28 April 1948. The other four founding members were M. Barnabo, B. Chiozzi, U. Mantelli and V. Cini. The original name Construction Corporation was finally shortened to CONCOR. Dr Piccinni was originally a chairman of Ferrocemento, an Italian construction giant and the emerging Concor received its technical support initially from there.

Initial projects

The company's first major project was the construction of the Rand Sports Stadium in Johannesburg followed by contracts for the Pretoria and Johannesburg power stations. Another initial iconic project was the Storms River bridge which was designed by Dr. Riccardo Morandi of Rome, this bridge was for many years the highest and longest single span bridge in South Africa.

Structure

By the early 2000s, Concor consisted of the following divisions:
Concor was listed on the JSE Securities Exchange and, for the year ended June 2005, Concor's last year as a listed company, had an annual turnover of 1.6 billion Rand.

Relationship with Hochtief

By the early 2000s, the German international construction group Hochtief owned just under 50% of Concors shares providing the company with the benefits of technology transfer.

Purchased by Murray and Roberts

Concor Holdings was delisted on 30 June 2006 when 100% of its share capital was purchased by the Murray and Roberts Holdings Ltd.
It changed its name when it merged with Murray and Roberts Construction Ltd.
Whilst under the control of Murray & Roberts, Concor Facility Management and Concor Property Development was closed whilst Concor Roads was merged with Concor Civils.
Concor Technicrete was sold as a going concern.

Purchased by Southern Palace Group Consortium

The Concor and Murray and Roberts construction divisions were sold to a black owned consortium, led by Southern Palace Group in late 2016 and renamed Concor Construction in May 2017. Concor is now certified a Level 1 BEE Company.

Current operating divisions in the group

Some of Concors' iconic projects include:

1950s

1960s