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Hochtief: Difference between revisions
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[[File:Hochtief AG 1927.jpg|right|thumb|Share of the Hochtief AG, issued 4. July 1927]] | [[File:Hochtief AG 1927.jpg|right|thumb|Share of the Hochtief AG, issued 4. July 1927]] | ||
[[File:Echelsbach Bridge.jpg|thumb|Echelsbach Bridge, completed 1929]] | [[File:Echelsbach Bridge.jpg|thumb|Echelsbach Bridge, completed 1929]] | ||
The firm grew rapidly, but was not comparable with the major German construction companies of the era. In 1921, it attracted investment from the [[industrialist]] [[Hugo Stinnes]] (described by ''[[Time (magazine)|Time]]'' as the "New Emperor of Germany" for his wealth and influence) and in 1922, the firm moved its base to Essen as part of its integration into the Stinnes group.<ref>{{Cite book |last1=Pohl |first1=Manfred |title=Hochtief und seine Geschichte: von den Brüdern Helfmann bis ins 21. Jahrhundert |last2=Siekmann |first2=Birgit |date=2000 |publisher=Piper |isbn=978-3-492-04270-3 |location=München Zürich |page=92}}</ref> Stinnes planned to use Hochtief for all his construction projects, while Hochtief saw an opportunity to profit from the [[Treaty of Versailles]], organising the delivery of construction materials to France as part of German [[World War I reparations|reparations]] for | The firm grew rapidly, but was not comparable with the major German construction companies of the era. In 1921, it attracted investment from the [[industrialist]] [[Hugo Stinnes]] (described by ''[[Time (magazine)|Time]]'' as the "New Emperor of Germany" for his wealth and influence) and in 1922, the firm moved its base to Essen as part of its integration into the Stinnes group.<ref>{{Cite book |last1=Pohl |first1=Manfred |title=Hochtief und seine Geschichte: von den Brüdern Helfmann bis ins 21. Jahrhundert |last2=Siekmann |first2=Birgit |date=2000 |publisher=Piper |isbn=978-3-492-04270-3 |location=München Zürich |page=92}}</ref> Stinnes planned to use Hochtief for all his construction projects, while Hochtief saw an opportunity to profit from the [[Treaty of Versailles]], organising the delivery of construction materials to France as part of German [[World War I reparations|reparations]] for World War I. Stinnes died in 1924,<ref>{{Cite book |last1=Pohl |first1=Manfred |title=Hochtief und seine Geschichte: von den Brüdern Helfmann bis ins 21. Jahrhundert |last2=Siekmann |first2=Birgit |date=2000 |publisher=Piper |isbn=978-3-492-04270-3 |location=München Zürich |pages=81}}</ref> and within a year his industrial empire collapsed. With the help of several [[bank]]s, the company (now known as ''Hochtief Aktiengesellschaft für Hoch- und Tiefbauten vorm. Gebrüder Helfmann'') avoided [[insolvency]]. In the aftermath of the Stinnes collapse, the major [[Public utility|utility]] [[RWE]] and electrical equipment producer [[AEG (German company)|AEG]] became major shareholders in Hochtief, and Hans Weidmann stepped down in 1927.<ref name=":0" /><ref>{{Cite book |last1=Pohl |first1=Manfred |title=Hochtief und seine Geschichte: von den Brüdern Helfmann bis ins 21. Jahrhundert |last2=Siekmann |first2=Birgit |date=2000 |publisher=Piper |isbn=978-3-492-04270-3 |location=München Zürich |pages=113}}</ref> | ||
A series of major construction projects ensued, including the [[Echelsbach Bridge]] (then Germany's largest single span reinforced concrete bridge),<ref>{{Cite web |title=Echelsbach Bridge |url=https://www.hochtief.com/about-hochtief/history/echelsbach-bridge |access-date=2024-09-26 |website=Hochtief |language=en}}</ref> the [[Schluchsee dam]] and work on the [[Zollverein Coal Mine Industrial Complex|Zollverein colliery]].<ref>{{Cite web |title=Zollverein Colliery in Essen |url=https://www.hochtief.com/about-hochtief/history/zollverein-colliery-in-essen |access-date=2024-09-26 |website=Hochtief |language=en}}</ref> | A series of major construction projects ensued, including the [[Echelsbach Bridge]] (then Germany's largest single span reinforced concrete bridge),<ref>{{Cite web |title=Echelsbach Bridge |url=https://www.hochtief.com/about-hochtief/history/echelsbach-bridge |access-date=2024-09-26 |website=Hochtief |language=en}}</ref> the [[Schluchsee dam]] and work on the [[Zollverein Coal Mine Industrial Complex|Zollverein colliery]].<ref>{{Cite web |title=Zollverein Colliery in Essen |url=https://www.hochtief.com/about-hochtief/history/zollverein-colliery-in-essen |access-date=2024-09-26 |website=Hochtief |language=en}}</ref> | ||
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*2011–2017: [[Queensferry Crossing]], [[Edinburgh]], [[Scotland]]<ref>{{Cite web |date=2017-08-30 |title=Scotland's Queensferry Crossing welcomes first traffic |url=https://www.theengineer.co.uk/content/news/scotlands-queensferry-crossing-welcomes-first-traffic/ |access-date=2024-09-30 |website=The Engineer |language=en}}</ref> | *2011–2017: [[Queensferry Crossing]], [[Edinburgh]], [[Scotland]]<ref>{{Cite web |date=2017-08-30 |title=Scotland's Queensferry Crossing welcomes first traffic |url=https://www.theengineer.co.uk/content/news/scotlands-queensferry-crossing-welcomes-first-traffic/ |access-date=2024-09-30 |website=The Engineer |language=en}}</ref> | ||
*2014–2019: Expansion of [[King Khalid International Airport]], [[Riyadh]], Saudi Arabia<ref>{{cite web |url=https://www.bloomberg.com/news/articles/2015-06-30/hochtief-led-group-seals-1-5-billion-riyadh-airport-contract |title=Hochtief-Led Group Seals $1.5 Billion Riyadh Airport Contract |publisher=bloomberg.com |author=Webb, Alex |date=30 June 2015 |access-date=7 April 2016}}</ref> | *2014–2019: Expansion of [[King Khalid International Airport]], [[Riyadh]], Saudi Arabia<ref>{{cite web |url=https://www.bloomberg.com/news/articles/2015-06-30/hochtief-led-group-seals-1-5-billion-riyadh-airport-contract |title=Hochtief-Led Group Seals $1.5 Billion Riyadh Airport Contract |publisher=bloomberg.com |author=Webb, Alex |date=30 June 2015 |access-date=7 April 2016}}</ref> | ||
*2016–2020: [[SoFi Stadium]], | *2016–2020: [[SoFi Stadium]], Los Angeles, [[California]] | ||
*2017–2020: Remodelling od the [[State Opera (Prague)|State Opera]], [[Prague]], [[Czech Republic]] | *2017–2020: Remodelling od the [[State Opera (Prague)|State Opera]], [[Prague]], [[Czech Republic]] | ||
*Start 2019: [[The Spiral (New York City)|The Spiral]], | *Start 2019: [[The Spiral (New York City)|The Spiral]], New York City<ref>{{Cite web |last=Hillemacher |first=Monika |date=2021-06-17 |title=Im Ausland bauen deutsche Firmen Brücken und grüne Hochhäuser |url=https://www.iz.de/unternehmen/news/-im-ausland-bauen-deutsche-firmen-bruecken-und-gruene-hochhaeuser-161521 |access-date=2024-09-30 |website=[[Immobilien Zeitung]] |language=de}}</ref> | ||
*Start 2019: [[Sydney Metro]]: Pitt Street Station, [[Sydney]], Australia<ref>{{Cite web |date=2019-09-17 |title=Hochtief-Tochter Cimic baut Metrostation in Sydney |url=https://www.sueddeutsche.de/wirtschaft/essen-hochtief-tochter-cimic-baut-metrostation-in-sydney-dpa.urn-newsml-dpa-com-20090101-190917-99-908607 |access-date=2024-09-30 |website=[[Süddeutsche Zeitung]] |language=de}}</ref> | *Start 2019: [[Sydney Metro]]: Pitt Street Station, [[Sydney]], Australia<ref>{{Cite web |date=2019-09-17 |title=Hochtief-Tochter Cimic baut Metrostation in Sydney |url=https://www.sueddeutsche.de/wirtschaft/essen-hochtief-tochter-cimic-baut-metrostation-in-sydney-dpa.urn-newsml-dpa-com-20090101-190917-99-908607 |access-date=2024-09-30 |website=[[Süddeutsche Zeitung]] |language=de}}</ref> | ||