Who we are
Perspectives from our Chairperson
Dear partners, clients, and investors,
How do you inspire innovation and build empowered and highly motivated teams in the construction industry?
We have learned is that you cannot replicate innovation; you have to create your own creative and critical thinking process.
Our business ethos is centered along three dimensions:
Corporate energy:
an embedded spirit that grips us and drives us, especially along bumpy roads. Our teams are excited and energized, and they deliver because they want to and they can.
Human capital:
continuously investing in our teams through our corporate learning platforms and aggressive career tracks makes our talent highly sought-after in our industry.
International state of mind:
our interactions amongst our teams, partners, and clients are based on knowledge sharing and a continued insistence on mutual success.
Ranked in both listings of the Top 100 Making An Impact in the Arab World by Forbes in 2013 and 2015, we understand the added responsibility this recognition bestows upon us to continue to support our societies and push our ambitions even further.
Together, we can build and achieve greatness. My door is always open to work hand in hand with you – our partners and clients – and beat the mutual success objectives we set for ourselves.
On behalf of my team,
Respectfully yours,
Michel Zovighian
Chairperson and Chief Executive Officer
Sehnaoui Plant Group of Companies
Our History
A valued player in the construction trading industry, SP Group built its competencies and brand name for the past twenty-five years. Founded in 1994 it acquired in 1998 a 40-year-old company SYRUN in Syria. In 2000, SP was restructured to transform its Lebanese operation into a regional center enabling it to springboard into the international market through a series of regional ventures.
The company’s expansion began in Iraq in 2000, Nigeria in 2001, and Qatar in 2003 through a joint venture with the Al Sraiya Holding. 2006 saw entries to the UAE and Omani markets and a strategic joint venture between SP and IMER International, an Italian manufacturer of concrete plants and truck mixers. That prompted SP entry to the Kingdom of Saudi Arabia in 2009. In 2011, the various subsidiaries and ventures were consolidated under one umbrella.
In 2012, SP began a major overhaul effort to endure the continued economic crisis in the construction industry and developed capabilities to adapt to rapid changing market dynamics. In June 2014 the dramatic oil price decline dipped most parts of the world in a severe crisis, which commended a repositioning along a redistribution of its human resources and assets.
This strategic effort focused on promoting a new corporate culture, empowering our teams with a strong talent management program, and further professionalizing our business development. SP has also reworked its supply chain to provide reliable and cost effective market solutions to allow our clients reap the benefit of a lower total-cost-of-ownership.
Further, SP developed solutions to meet increasing regulatory demands for green building construction and higher specifications. Finally, SP portfolio evolved to serve multi-tier market requirements in concrete ready mix, precast, aggregate washing, concrete recycling, crushing, road construction, and sub-infrastructure work.
Our Values System
Our Vision
Strategically develop and sustainably grow our position as a valued leader in the construction trading industry.
Our Mission
Providing customers with professional advice and effective support, through an experienced team of top-tier talent offering cost-effective solutions of machineries and plants of the latest generation.
Unique Selling Proposition
Performance and reliability
Our Values
We share with our international suppliers values that led to the development of core competencies:
- Accountability
- Forward thinking
- Credibility
- Adaptability
- Problem Solving
- Decisiveness
Our Guiding Principles
We are an entrepreneurial organization
We are a results-driven company that is lean and agile that aims to grow by developing our positions in our existing markets and strategically penetrate new markets. Yet, we are cautious and prudent in the way we conduct our business and manage our risks, and seek to spend and invest wisely.
Our people and know-how are our biggest assets
We embrace new recruits and invest in our people for the long-term by committing to training, creating career opportunities, and retaining talent. We aim to be an incubator of expertise and know-how, by encouraging self-training and by capitalizing on experience as a source of inspiring to continuously grow and maintain a strong competitive advantage.
Our work environment is the market place
We treat our clients and suppliers as long-term partners, and seek to conduct our business with utmost trust, integrity, and respect for one another, powered by a constructive energy and acollective ambition. We consider ourselves accountable to our partners and stakeholders.
We aim to deliver with an energetic service attitude
We
welcome creativity in our problem solving and delivery to continuously bring value to our clients and suppliers. We think and act with a sense of urgency and strive to be proactive and initiative-driven in our approach by delivering products, services, and solutions that meet our client needs in a timely and efficient manner. We view lost time as an opportunity cost to be avoided.
We are a team
We believe that teamwork, team spirit, and collegiality are key to the success of our business, people, and partners. We manage our day-to-day business as a unified team that supports each other beyond our geographic and product borders, and work together with utmost trust and respect for one another. Our work environment is powered by energy and goodwill.
Humility is a virtue
Market leadership does not mean we know everything, it just means we have done some things right. We celebrate our life story of hard work, rocky challenges, and humble beginnings. We encourage our teams to be simple in their manner and genuine at heart.
