FEATURE - FORGING AHEAD
Over the last three years, during which it delivered its Recovery
& Growth strategy, the Group restored financial stability,
returned to profitability and resumed the dividend payment.
In looking towards the future, the board and executives
conducted detailed analysis to identify the market sectors,
project value chain segments and geographies that in the
long-term will present the greatest opportunity to the Group to
unlock value by applying its core competencies of engineering
and construction. These target markets are specifically in the
oil and gas, mining, energy and industrial sectors. It also is the
Group’s strategic intent to expand into value chain segments
that will deliver greater value, growth and returns through
offering more complete project solutions to clients.
“Our aim is to position Murray & Roberts as a leading diversified
international project engineering, procurement and construction
group by 2020. By delineating our businesses within the construct of the operating platforms, we established a focused organisation with clarity regarding core functions, objectives and
responsibilities,” explains Group Chief Executive, Henry Laas.
The strategy sets the direction for the Group, but a sustainable
future is dependent on successful implementation and
operational excellence. We cannot achieve operational
excellence without trained, skilled and motivated employees
and the support from our communities. In this regard, it is
important to recognise the Group’s achievements and some
highlights are shared in this article.
“We have established a focused organisation with clarity regarding core functions, objectives and responsibilities.” Henry Laas, Group Chief Executive
PERSUIT OF ZERO HARM
The safety of our employees will always remain a top priority and the Group’s Lost Time Injury (LTI) and total injury rates continue to improve. Some examples of our latest safety achievements are highlighted on page 16.
These projects’ safety performances were world-class when
compared to peers in their respective markets and demonstrate a maturing health and safety culture in the Group. Achieving these milestones demonstrates that injury free production is possible and we are committed to further improve on the gains that have been made in the Group’s safety performance in the year ahead.