Veidekke
Encyclopedia
Veidekke is the largest Norwegian
construction
company and the fourth largest in Scandinavia. Veidekke’s business involves a network of Scandinavia
n construction operations, rehabilitation
work, major heavy construction contracts and development of dwellings for the company’s own account as well as buildings for public use. Other business segments are asphalt
operations, production of crushed stone
and gravel
(aggregates
), maintenance of public roads and recycling
of industrial waste (in Norway only).
, property development and industrial operations (asphalt
/aggregates
, road maintenance and recycling
of industrial waste). Veidekke has developed expertise in concrete
, carpentry
and road operations and has a clear ambition to be a leader in these market segments.
n construction
market and undertakes all types of building and heavy construction projects. Veidekke’s contracts include construction of residential and non-residential buildings, schools and other public buildings and renovation
of buildings in addition to heavy construction projects such as roads, railways and industrial development projects.
Construction operations in Norway are the responsibility of Veidekke Entreprenør AS. In Denmark, Veidekke’s construction operations are looked after by Hoffmann A/S, and in Sweden, construction operations are undertaken by Veidekke Sverige AB
.
/aggregates, road maintenance and recycling
. Asphalt/aggregate operations are managed by Kolo veidekke
a.s. This segment includes production of asphalt
and asphalting work, production of gravel and crushed stone, as well as maintenance of public roads.
Recycling
is the responsibility of Veidekke Gjenvinning AS and its subsidiaries. This segment includes collection, transport and segregation of mixed waste
and the development and manufacture of end products such as biofuels, recycled concrete, textile waste etc.
(Høyer Ellefsen). As a company, Veidekke was founded 6 February 1936 by Nico S. Beer and Gustav Piene. In its founding years, Veidekke was a company constructing roads and laying cobblestone
. When the Second World War
broke out in 1940, the company fulfilled all signed contracts and shut down all operations until after the war.
In 1948, the small and virtually unknown company, Veidekke, won the contract for construction
of runways at Stavanger Airport, Sola
. This was the first of a number of major airport contracts for Veidekke.
In the middle of the 1950s, Veidekke was engaged in airport construction in Ethiopia
. This was a very important contract for the future development of the company. In the 1960’s the company’s main activity was road construction. From 1969 until the beginning of the 1980s, Veidekke was once again active in Africa
, this time performing various contracts for NORAD (the Norwegian Agency for Development Cooperation). The beginning of the 1970s was also the beginning of a new period for Veidekke. The company needed to focus on new product areas.
In 1972, Veidekke was awarded the contract for construction of the Heggmoen Dam
in Northern Norway, and what followed for Veidekke, was a period of nation-wide dam construction.
At the beginning of the 1980s, a structural development of the building and construction industry started in Norway
. This resulted in the amalgamation of many companies into a few major players. Veidekke, however, decided on a different course, choosing instead to develop itself into a nation-wide contracting company. Consequently, through take-overs, mergers and establishment of new companies, more than 60 companies have become part of Veidekke. Veidekke has grown from being the ninth largest construction company at the beginning of the 1980s to its present position as the largest Norwegian owned construction company.
On June 23, 1986 Veidekke was quoted on the Oslo Stock Exchange
's main list. Since the end of the 1960s Veidekke's employees have owned shares in the company, and Veidekke still encourages its employees to buy shares through well renowned share programs.
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
construction
Construction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
company and the fourth largest in Scandinavia. Veidekke’s business involves a network of Scandinavia
Scandinavia
Scandinavia is a cultural, historical and ethno-linguistic region in northern Europe that includes the three kingdoms of Denmark, Norway and Sweden, characterized by their common ethno-cultural heritage and language. Modern Norway and Sweden proper are situated on the Scandinavian Peninsula,...
n construction operations, rehabilitation
Renovation
Renovation is the process of improving a structure. Two prominent types of renovations are commercial and residential.-Process:The process of a renovation, however complex, can usually be broken down into several processes...
work, major heavy construction contracts and development of dwellings for the company’s own account as well as buildings for public use. Other business segments are asphalt
Asphalt
Asphalt or , also known as bitumen, is a sticky, black and highly viscous liquid or semi-solid that is present in most crude petroleums and in some natural deposits, it is a substance classed as a pitch...
operations, production of crushed stone
Rock (geology)
In geology, rock or stone is a naturally occurring solid aggregate of minerals and/or mineraloids.The Earth's outer solid layer, the lithosphere, is made of rock. In general rocks are of three types, namely, igneous, sedimentary, and metamorphic...
and gravel
Gravel
Gravel is composed of unconsolidated rock fragments that have a general particle size range and include size classes from granule- to boulder-sized fragments. Gravel can be sub-categorized into granule and cobble...
(aggregates
Construction Aggregate
Construction aggregate, or simply "aggregate", is a broad category of coarse particulate material used in construction, including sand, gravel, crushed stone, slag, recycled concrete and geosynthetic aggregates. Aggregates are the most mined material in the world...
), maintenance of public roads and recycling
Recycling
Recycling is processing used materials into new products to prevent waste of potentially useful materials, reduce the consumption of fresh raw materials, reduce energy usage, reduce air pollution and water pollution by reducing the need for "conventional" waste disposal, and lower greenhouse...
of industrial waste (in Norway only).
Operations
Veidekke’s core activities are linked with constructionConstruction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
, property development and industrial operations (asphalt
Asphalt
Asphalt or , also known as bitumen, is a sticky, black and highly viscous liquid or semi-solid that is present in most crude petroleums and in some natural deposits, it is a substance classed as a pitch...
/aggregates
Construction Aggregate
Construction aggregate, or simply "aggregate", is a broad category of coarse particulate material used in construction, including sand, gravel, crushed stone, slag, recycled concrete and geosynthetic aggregates. Aggregates are the most mined material in the world...
, road maintenance and recycling
Recycling
Recycling is processing used materials into new products to prevent waste of potentially useful materials, reduce the consumption of fresh raw materials, reduce energy usage, reduce air pollution and water pollution by reducing the need for "conventional" waste disposal, and lower greenhouse...
of industrial waste). Veidekke has developed expertise in concrete
Concrete
Concrete is a composite construction material, composed of cement and other cementitious materials such as fly ash and slag cement, aggregate , water and chemical admixtures.The word concrete comes from the Latin word...
, carpentry
Carpentry
A carpenter is a skilled craftsperson who works with timber to construct, install and maintain buildings, furniture, and other objects. The work, known as carpentry, may involve manual labor and work outdoors....
and road operations and has a clear ambition to be a leader in these market segments.
Construction
Veidekke is a major player in the ScandinaviaScandinavia
Scandinavia is a cultural, historical and ethno-linguistic region in northern Europe that includes the three kingdoms of Denmark, Norway and Sweden, characterized by their common ethno-cultural heritage and language. Modern Norway and Sweden proper are situated on the Scandinavian Peninsula,...
n construction
Construction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
market and undertakes all types of building and heavy construction projects. Veidekke’s contracts include construction of residential and non-residential buildings, schools and other public buildings and renovation
Renovation
Renovation is the process of improving a structure. Two prominent types of renovations are commercial and residential.-Process:The process of a renovation, however complex, can usually be broken down into several processes...
of buildings in addition to heavy construction projects such as roads, railways and industrial development projects.
Construction operations in Norway are the responsibility of Veidekke Entreprenør AS. In Denmark, Veidekke’s construction operations are looked after by Hoffmann A/S, and in Sweden, construction operations are undertaken by Veidekke Sverige AB
Veidekke Sverige AB
Veidekke Group's Swedish services are represented by the company Veidekke Sverige AB. Operations are mainly driven by construction and property development.Subsidiaries of Veidekke Sverige AB...
.
Property development
The property division, Veidekke Eiendom AS, undertakes the development of dwellings for Veidekke’s own account. Another business segment is the development of non-residential buildings and special-purpose buildings for the public sector. The division also carries out maintenance and management of non-residential buildings on behalf of Veidekke and other clients.Industry
The industry division's operations are concentrated to the Norwegian market and cover the following business areas: AsphaltAsphalt
Asphalt or , also known as bitumen, is a sticky, black and highly viscous liquid or semi-solid that is present in most crude petroleums and in some natural deposits, it is a substance classed as a pitch...
/aggregates, road maintenance and recycling
Recycling
Recycling is processing used materials into new products to prevent waste of potentially useful materials, reduce the consumption of fresh raw materials, reduce energy usage, reduce air pollution and water pollution by reducing the need for "conventional" waste disposal, and lower greenhouse...
. Asphalt/aggregate operations are managed by Kolo veidekke
Kolo veidekke
Kolo Veidekke, a subsidiary of Veidekke Group is involved in asphalt/aggregate operations and public road maintenance in Norway.- Operations :...
a.s. This segment includes production of asphalt
Asphalt
Asphalt or , also known as bitumen, is a sticky, black and highly viscous liquid or semi-solid that is present in most crude petroleums and in some natural deposits, it is a substance classed as a pitch...
and asphalting work, production of gravel and crushed stone, as well as maintenance of public roads.
Recycling
Recycling
Recycling is processing used materials into new products to prevent waste of potentially useful materials, reduce the consumption of fresh raw materials, reduce energy usage, reduce air pollution and water pollution by reducing the need for "conventional" waste disposal, and lower greenhouse...
is the responsibility of Veidekke Gjenvinning AS and its subsidiaries. This segment includes collection, transport and segregation of mixed waste
Mixed waste
Mixed waste can refer to any combination of waste types with different properties.Typically commercial and municipal wastes are mixtures of plastics, metals, glass, biodegradable waste including paper and textiles along with other nondescript junk....
and the development and manufacture of end products such as biofuels, recycled concrete, textile waste etc.
History
Veidekke's roots go back to 1863 in Denmark (H. Hoffmann & Sønner) and in 1896 in NorwayNorway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
(Høyer Ellefsen). As a company, Veidekke was founded 6 February 1936 by Nico S. Beer and Gustav Piene. In its founding years, Veidekke was a company constructing roads and laying cobblestone
Cobblestone
Cobblestones are stones that were frequently used in the pavement of early streets. "Cobblestone" is derived from the very old English word "cob", which had a wide range of meanings, one of which was "rounded lump" with overtones of large size...
. When the Second World War
World war
A world war is a war affecting the majority of the world's most powerful and populous nations. World wars span multiple countries on multiple continents, with battles fought in multiple theaters....
broke out in 1940, the company fulfilled all signed contracts and shut down all operations until after the war.
In 1948, the small and virtually unknown company, Veidekke, won the contract for construction
Construction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
of runways at Stavanger Airport, Sola
Stavanger Airport, Sola
Stavanger Airport, Sola is an international airport located in Sola, Norway, southwest of Stavanger. It is Norway's third-busiest airport, with both fixed-wing aircraft and helicopter traffic for the offshore North Sea oil installations...
. This was the first of a number of major airport contracts for Veidekke.
In the middle of the 1950s, Veidekke was engaged in airport construction in Ethiopia
Ethiopia
Ethiopia , officially known as the Federal Democratic Republic of Ethiopia, is a country located in the Horn of Africa. It is the second-most populous nation in Africa, with over 82 million inhabitants, and the tenth-largest by area, occupying 1,100,000 km2...
. This was a very important contract for the future development of the company. In the 1960’s the company’s main activity was road construction. From 1969 until the beginning of the 1980s, Veidekke was once again active in Africa
Africa
Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...
, this time performing various contracts for NORAD (the Norwegian Agency for Development Cooperation). The beginning of the 1970s was also the beginning of a new period for Veidekke. The company needed to focus on new product areas.
In 1972, Veidekke was awarded the contract for construction of the Heggmoen Dam
Dam
A dam is a barrier that impounds water or underground streams. Dams generally serve the primary purpose of retaining water, while other structures such as floodgates or levees are used to manage or prevent water flow into specific land regions. Hydropower and pumped-storage hydroelectricity are...
in Northern Norway, and what followed for Veidekke, was a period of nation-wide dam construction.
At the beginning of the 1980s, a structural development of the building and construction industry started in Norway
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
. This resulted in the amalgamation of many companies into a few major players. Veidekke, however, decided on a different course, choosing instead to develop itself into a nation-wide contracting company. Consequently, through take-overs, mergers and establishment of new companies, more than 60 companies have become part of Veidekke. Veidekke has grown from being the ninth largest construction company at the beginning of the 1980s to its present position as the largest Norwegian owned construction company.
On June 23, 1986 Veidekke was quoted on the Oslo Stock Exchange
Oslo Stock Exchange
The Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...
's main list. Since the end of the 1960s Veidekke's employees have owned shares in the company, and Veidekke still encourages its employees to buy shares through well renowned share programs.
See also
- New National Opera House
- [Miljøbygget (Trondheim)]http://www.Miljobygget.no
- TellHus Moholt (Trondheim)http://www.tellhus.no/moholt/