Mohed Altrad wins EY World Entrepreneur of the Year Awards - FT.comMohed Altrad, chief executive of Altrad Group, the construction industry supplier, was born in the Syrian desert but represented France in the finals of the event.

 Accepting his award before an audience in Monaco that included finalists from 53 countries, Mr Altrad called for a more caring side to capitalism.

“We can help each other,” he said. “Companies are not just there to generate money year after year and then you become a billionaire — this is not the objective. The objective of life is to help humanity.”

Looking back to his early years, Mr Altrad stressed that other entrepreneurs could seek inspiration in his own example. “When I was in the desert, I had nothing to eat. You wake up in the morning and you don’t know what you will eat during the day nor the day after, nor the day after that.

“My message is a message of hope. What I was trying to say to other entrepreneurs like myself is that we need to stop becoming robots making money. We should drive part of this money to the people who really need it just to exist, just to eat.”

His life story demonstrates a determination to rise above obstacles. His mother had died shortly after his birth, but despite his grandmother’s opposition to his education he went to school anyway and spied on what was going on in the classroom through a hole in the wall.

A teacher spotted him and allowed him to sit in on lessons and he went on to an early career of academic excellence, finally winning a scholarship to study in France where he gained a PhD in computer science.

After some years working in a variety of roles and a period of time as owner of a company selling portable computers, he and an associate came across a nearly bankrupt scaffolding business while on holiday in the south of France.

Mr Altrad and his partner purchased the company in 1985 and Mr Altrad set about growing the business.

Altrad Group reported sales of $960m in 2014 from the sale and hire of a range of products including scaffolding, cement mixers and wheelbarrows. It also provides associated services to the construction industry. The group now employs 7,000 people globally.


ALTRAD New investments

02.04.2015., in 14:03

The Entrepreneur of the Year award organized by “EY” (Ernst & Young) and “L’Express”, with the support of the Edmond de Rothschild Group and Verlingue Bpifrance, was awarded in Paris to Mohed Altrad, President of the Altrad Group.

He was competing for the national award with seven other business leaders, all regional winners. The award honours his entire career as an entrepreneur, with annual results steadily increasing (20% on average) and a turnover of over 850 million euros for 2014. The first business leader from Languedoc Roussillon to win this award at national level, he will represent France at the “World Entrepreneur of the year” in Monaco from June 4 to 7, 2015 competing with 58 other countries.

On September 18 last, he received the Entrepreneur Award for the Mediterranean region, rewarding the expansion of a group that since its inception in 1985 has become world leader in cement mixers, European leader in scaffolding and French leader in tubular goods for public authorities. With more than 7,000 employees in over 100 subsidiaries.

EY and L’Express hailed the strategy deployed at the head of the group, emphasizing the “effective external growth policy,” “ongoing search for operational effectiveness “, “marked presence in Europe and international development” as well as “efficient transverse matrix management.” The organizers also saluted a group based on “values and principles”.

A sign of recognition for Mohed Altrad, this award celebrates not only his success, but also his career as a whole.



Donji Miholjac yearly recognition

12.09.2012., in 08:12

Altrad Limex - Godišnje priznanje

Company Altrad Limex d.o.o. recieved annual recognition of Donji Miholjac city. Altrad Limex is present in Donji Miholjac from 2009 when Altrad Group from France took over Limex d.o.o. Altrad Group is world biggest producer of wheelbarrows, concrete mixers and other small building machines with around 60 companies world wide. In Donji Miholjac factory they have 165 employees with a tendency to employ even more in near future. Altrad Limex is now known by its quality far beyond Croatian borders and percentage of export in total turnover is near 90%. Total turnover in 2011. was almost 100 mil kn.