Montreal Engineering Company
Encyclopedia
Montreal Engineering Company, later Monenco was a Canadian engineering services company operating in the energy and infrastructure utilities area.
The company became an important player in North and Latin American, and elsewhere, such as the feasibility study and design of the Diamer-Bhasha Dam
, and Jebba Hydroelectric Power Station respectively. The company was also involved in the ill fated World War 2 experiment Project Habakkuk
.
with three staff members was spun out
into the Montreal Engineering Company Ltd. In 1919 the company became part of the portfolio of financier Izaak Walton Killam
whose expansion and acquisition of electrical utlities and other industrial concerns grew the company. After Killam's death in 1955 the company was bought by its senior employees.
After 1964 the company diversified from its core electrical power business, it became a public company in 1969 and was renamed Monenco Inc..
In 1992 the company was acquied by AGRA Inc.. AGRA Monenco was subsequently acquired by AMEC
in 2000.
The company became an important player in North and Latin American, and elsewhere, such as the feasibility study and design of the Diamer-Bhasha Dam
Diamer-Bhasha dam
Diamer-Bhasha Dam is an under-construction roller compacted concrete dam on the River Indus in Gilgit-Baltistan, Pakistan. Its foundation stone was laid by Prime Minister Yusuf Raza Gilani of Pakistan on 18 October 2011. Upon completion, Diamer-Bhasha Dam would be the highest RCC dam in the world...
, and Jebba Hydroelectric Power Station respectively. The company was also involved in the ill fated World War 2 experiment Project Habakkuk
Project Habakkuk
Project Habakkuk or Habbakuk was a plan by the British in World War II to construct an aircraft carrier out of pykrete , for use against German U-boats in the mid-Atlantic, which were beyond the flight range of land-based planes at that time.The idea came from Geoffrey Pyke who worked for Combined...
.
History
In 1907 a department of the Royal Securities CorporationRoyal Securities Corporation
Royal Securities Corporation Limited was a Canadian stock brokerage firm founded in Halifax, Nova Scotia in early 1903 by John F. Stairs, its first president. The company was the first brokerage firm to be opened east of Montreal, Quebec, the then financial center of Canada.A prominent and...
with three staff members was spun out
Spin out
A spin-out, also known as a spin-off or a starburst, refers to a type of corporate action where a company "splits off" sections of itself as a separate business....
into the Montreal Engineering Company Ltd. In 1919 the company became part of the portfolio of financier Izaak Walton Killam
Izaak Walton Killam
Izaak Walton Killam was one of Canada's most eminent financiers.-Early life:Born in Yarmouth, Nova Scotia, Killam rose from paper boy in Yarmouth to become one of Canada's wealthiest individuals.-Business ventures:...
whose expansion and acquisition of electrical utlities and other industrial concerns grew the company. After Killam's death in 1955 the company was bought by its senior employees.
After 1964 the company diversified from its core electrical power business, it became a public company in 1969 and was renamed Monenco Inc..
In 1992 the company was acquied by AGRA Inc.. AGRA Monenco was subsequently acquired by AMEC
AMEC
AMEC plc is a global consultancy, engineering and project management company headquartered in London, United Kingdom. It is focused on the oil and gas, minerals and metals, renewable energy, environment and infrastructure sectors and has offices in 40 countries worldwide...
in 2000.