FCC

Companies 11th May 2012

FCC holds revenue in spite of demand contraction in Spain

MADRID | The Spanish infrastructure and services company FCC reported this week it had obtained €2.4 billion in revenues in the first quarter of 2012, on par with the same period last year, with international revenues increasing by 15.6%. FCC obtained a net attributable profit of €16.6 million in the first quarter, suffering a decline of €23.9 million year-on-year, reflecting the impact of the company’s most cyclical activities. Earnings before interest,…

Companies 8th May 2012

FCC-led joint venture to be awarded €498-million contract in Los Angeles

MADRID | The joint venture team headed by FCC Construction, Shimmick Construction Company and Impregilo won the bid for the Gerald Desmond Bridge Replacement Project design-build contract, Port of Long Beach and Caltrans officials announced. Major participants in the proposal included Arup North America and Biggs Cardosa Associates. A decision by the Port’s Board of Harbor Commissioners on the actual award of the contract is expected in late June, with construction kickoff…

Companies 18th January 2012

The unions and the Esther Koplowitz philanthropic effect in FCC

get your ex back MADRID | Esther Koplowitz, Fomento de Construciones y Contratas' (FCC) core shareholder, recently received an award from the Construction and Woodworkers Foundation (FCM) of Comisiones Obreras labour union in the 'commitment to the community' category. The union noted FCC's work in the area of “creating a solidarity network which focuses on the most disadvantaged groups.” The Foundation lauded FCC's efforts to encourage its employees to volunteer…

Companies 3rd January 2012

Zara founder buys skyscraper Torre Picasso for €400m

MADRID | Spanish construction company Fomento de Construcciones y Contratas SA (FCC) seeks the strengthening of its financial structure through two real estate divestments and the move to a new headquarters. This week, Pontegadea Inmobiliaria has acquired Torre Picasso to the founder of the Zara boutique chain for €400m; in another transaction, FCC has sold its Balmes (Barcelona) and Federico Salmón (Madrid) buildings for €60m. The process of restructuring the…

Companies 11th November 2011

FCC’s foreign income exceeds domestic for the first time in its history

Report by Julia Pastor, in Madrid | FCC has obtained €178 million in the first nine months of 2011, which means a 6,9% less than in in the same period of 2010, according to a Friday’s company press release. Nevertheless, FCC’s internationalisation process, with a growing income from foreign markets of almost 9,9% reaching €4.309 billion, represents a milestone in FCC’s 100 years history: for the first time, income coming…

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