McConnell Dowell is a major infrastructure construction company founded in New Zealand in 1961. In 2003 it became a wholly owned subsidiary of Aveng, which is listed on the Johannesburg Stock Exchange in South Africa. McConnell Dowell was formed in 1960 by two New Zealand engineers, Jim Dowell and Malcolm McConnell. It was involved in pipeline projects in New Zealand before expanding to Australia, Asia and the Middle East in the 1970s. McConnell Dowell was listed on the New Zealand Stock Exchange in 1983 as part of the arrangements to take over Hamilton construction company Hawkins Holdings. During the remainder of the 1980s, McConnell Dowell also ventured outside of the engineering field int banking and finance, through shareholdings in National Insurance Company of New Zealand, National Pacific Corporation, Renouf Partners, Kupe and property development of the Robert Jones Tower in Auckland. More information...
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