Tagged: GAS

SNC-Lavalin completes landmark acquisition of Kentz

– A key milestone in SNC-Lavalin’s ongoing transformation into a global Tier-1 engineering and construction company

MONTREAL, Aug. 22, 2014 /PRNewswire/ — SNC-Lavalin Group Inc. (TSX: SNC) is pleased to announce that it has completed its acquisition of Kentz Corporation Limited, a global company with 15,500 employees operating in 36 countries. Kentz provides industry-leading engineering, construction management and technical support services to clients in the oil and gas sector.

The acquisition of Kentz supports SNC-Lavalin’s ongoing transformation into a global Tier-1 engineering and construction (E&C) company. The transaction creates a group with approximately 45,000 employees, annual revenues of about C$10 billion and a backlog of roughly C$13 billion as per 2013 figures. The combined company will also have a strong position in the world’s most dynamic growth markets, including the Middle East, North America, Latin America and Asia-Pacific.

“SNC-Lavalin is thrilled to welcome the employees of Kentz, who are the heart and soul of the remarkable company we are acquiring today,” said Robert G. Card, President and CEO, SNC-Lavalin Group Inc. “We expect that our combined capabilities will give us one of the best broad-based service offerings in the E&C industry, while expanding our presence in key growth markets.”

Transformational growth in oil and gas
The acquisition of Kentz transforms SNC-Lavalin’s oil and gas capabilities, creating a group of approximately 20,000 high-caliber employees with industry leading expertise for large and complex projects in the upstream, liquefied natural gas (LNG), unconventional (shale gas and oil sands), pipelines, offshore jackets and steam-assisted gravity drainage (SAGD) sectors.

“We have now begun implementing our plan, which aims to ensure our teams are combined efficiently, respectfully and as rapidly as possible,” said Neil Bruce, President, Resources, Environment & Water, SNC-Lavalin Group Inc. “We will be bringing together the best capabilities of our two firms for the direct benefit of our clients. Our goal will be to build strong and lasting relationships with our customers through consistently delivering on our commitments and providing the best mix of value and services.”

Kentz will be incorporated into SNC-Lavalin while simultaneously integrating SNC-Lavalin’s current Oil & Gas business into Kentz’s operations. Christian Brown, Kentz’s Chief Executive Officer, now becomes President, Oil & Gas, SNC-Lavalin Group Inc. Mr. Brown will continue to be stationed in Houston, Texas, and will report directly to Neil Bruce.

“Joining SNC-Lavalin will provide us with the ability to execute larger scopes for major projects, and enhance our access to new geographies in both North America and Latin America,” said Christian Brown. “We look forward to bringing our clients complete end-to-end solutions for their projects by merging SNC-Lavalin’s strong front-end engineering and design capabilities with our industry-leading construction management, commissioning and operations capabilities.”

SNC-Lavalin paid £9.35 (C$17.13) per share for a total purchase price of approximately £1.2 billion (C$2.1 billion). Kentz shareholders voted in favour of SNC-Lavalin’s offer at a meeting convened by order of the Court and an Extraordinary General Shareholders Meeting, both held on August 11, 2014. The offer was structured as a Scheme of Arrangement and the Scheme Court Hearing was held on August 21, 2014. Following the sanction of the Court, the acquisition became effective in accordance with its terms on August 22, 2014.

Forward-looking statements
This press release contains statements that are or may be “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. All statements other than statements of historical fact included in this press release may be forward-looking statements. Without limitation, any statements preceded or followed by or that include the words “targets”, “plans”, “believes”, “expects”, “aims”, “intends”, “will”, “should”, “could”, “would”, “may”, “anticipates”, “estimates”, “synergy”, “cost-saving”, “projects”, “goal” or “strategy” or, words or terms of similar substance or the negative thereof, are forward-looking statements. Forward-looking statements include statements relating to the following: (i) future capital expenditures, expenses, revenues, earnings, economic performance, indebtedness, financial condition, losses and future prospects; and (ii) business and management strategies and the expansion and growth of SNC-Lavalin or Kentz’s operations and potential synergies resulting from the transaction.

These forward-looking statements are not guarantees of future financial performance. Such forward-looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. All subsequent oral or written forward-looking statements attributable to SNC-Lavalin or any of its directors, officers or employees or any persons acting on their behalf are expressly qualified in their entirety by the cautionary statement above. SNC-Lavalin disclaims any obligation to update any forward-looking or other statements contained herein, except as required by applicable law.

About SNC-Lavalin
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin’s approximately 45,000 employees provide EPC and EPCM services to clients in a variety of industry sectors, including oil and gas, mining and metallurgy, environment and water, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions.
www.snclavalin.com

For further information:

Media:
Lilly Nguyen
Public Relations Manager,
Global Corporate Communications
SNC-Lavalin Group Inc.
+1-514-393-8000, ext. 54772
lilly.nguyen@snclavalin.com

Messer’s Combustion Technology Helps Improve Energy Efficiency and Emissions Reduction

SHANGHAI, Aug. 18, 2014 /PRNewswire/ — Messer, the German expert in oxy-fuel combustion technology, has recently signed contracts with more than 10 manufacturers in the fields of glass, scrap copper, frit and rockwool to provide its oxy-fuel solution. The tailor-made solution helps to reduce fuel consumption as well as to significantly decrease emissions.

With the Chinese government continuously tightening the policies on energy efficiency and emission reductions, manufacturers are facing big challenges and require cost efficient solutions. Messer’s oxy-fuel solution utilizes oxygen firing to replace conventional air firing, bringing the customers considerable environment and economic benefits.

CDGM Glass Co., Ltd., one of the largest optical glass manufacturers in China, has adopted Messer’s technology to improve its furnace combustion technology, resulting in a 60 percent reduction in fuel consumption. Chengdu Yingfeng Copper Co., Ltd. , a leader in scrap copper recycling in Sichuan province, not only reduced its energy consumption by 60 percent but also decreased its exhaust emissions by up to 80 percent with Messer’s oxy-fuel technology. In the frit field, Messer helped Lifa Frit Technology Co., Ltd., a well-known frit manufacturer in Hunan province, to achieve a 50 percent saving in fuel consumption as well as an 85 percent reduction in exhaust emissions.

“Messer’s patented oxy-fuel burner is an advantage that our customers are interested,” said Davor Spoljaric, Application Director of Messer Group, Metallurgy and Combustion. “Compared with our competitors, Messer’s burner is tailored case-by-case according to the different products and different furnaces of the customers. The special flame of the burner can not only help to save energy but also protect the inner wall of the furnace. In addition, the controlling system is designed based on the European safety standards and years of practice. It proves to be safe, reliable and easy to operate.”

Messer, with a rich history of more than 100 years of expertise in industrial gas, has dedicated in combustion technology for dozens of years. In its R&D centre for metallurgy and combustion technology in Austria, Messer is continuously improving its application technologies according to the customers’ needs. In each customer case in China, Messer’s Chinese technical team cooperates closely with its European experts to provide a complete solution, including the project planning, computational simulation, commissioning and optimization, maintenance and training.

About Messer

Messer is one of the leading industrial gas companies. Messer employs around 5,400 people in over 60 locations in more than 30 countries. Messer started investing in China in the middle of 1990s and so far has 22 companies located in Shanghai, Jiangsu, Zhejiang, Hunan, Guangdong, Fujian, Sichuan, Chongqing and Yunnan provinces with a total investment of $1,000 million. Headquartered in Shanghai, Messer China has nearly 2,000 employees. The steady and successful developments have allowed Messer to join the ranks of the major foreign industrial gas providers in China. From acetylene to xenon, the Messer Group has one of the most diverse product portfolios on the market – it produces industrial gases such as oxygen, nitrogen, argon, carbon dioxide, hydrogen, helium, shielding gases for welding, specialty gases, medical gases and many different gas mixtures.

For more details about Messer, please visit http://www.messergroup.cn or http://www.messergroup.com.

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Frost & Sullivan: Increased Conventional and Unconventional O&G Explorations Drive New Investments in Latin American Positive Displacement Pump Market

– Brand awareness campaigns and training programs on the applications of positive displacement pumps are vital for market success

BUENOS AIRES, Argentina, July 30, 2014 /PRNewswire/ — Strong investment in the oil and gas (O&G) and petrochemical industries in Latin America is fueling the demand for positive displacement pumps in the region. The development of the infrastructure and food and beverage manufacturing industries to meet the accommodation and consumption needs of the expanding population, is also adding momentum to the market.

Oil Platform

Oil Platform

Photo – http://photos.prnewswire.com/prnh/20140729/130811

New analysis from Frost & Sullivan, Analysis of the Latin American Positive Displacement Pump Market, finds that the market earned revenues of $464.5 million in 2013 and estimates this to reach $626.7 million in 2020. Although Latin America’s gross domestic product is expected to decelerate to an average of three to four percent, the demand for positive displacement pumps will grow at a compound annual growth rate of 4.4 percent mainly due to new applications in the O&G and petrochemical industries. The study covers rotary, reciprocating and peristaltic pumps.

“With the mining industry in Latin America garnering major interest from state governments and international companies, opportunities for positive displacement pump manufacturers are also emerging in this space,” said Frost & Sullivan Industrial Automation & Process Control Research Analyst Aida Paola Conti.

However, the price sensitivity of end users and their limited awareness on the advantages of positive displacement pumps and alternative technologies have been major obstacles to market development. In addition, the unstable economic condition in some leading Latin American countries has dampened consumer confidence and led to project delays. Along with the expected decrease in foreign direct investment, these factors are challenging positive displacement pump manufacturers.

“In this scenario, successful brand awareness campaigns are critical to gain market acceptance and differentiate products from the competition,” stated Conti. “Training programs on the current and new applications of positive displacement pumps are also important to attract end users across Latin America.”

For more information on this study, please email Francesca Valente, Corporate Communications, at francesca.valente@frost.com.

Analysis of the Latin American Positive Displacement Pump Market is part of the Industrial Automation & Process Control (http://www.industrialautomation.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Sanitary Pump Market in the Food and Beverage Industry, Global Pumps Market in the Chemicals Industry, Pumps and Valves in the North American Shale Industry, and Global Metering Pump Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

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Analysis of the Latin American Positive Displacement Pump Market
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Contact:
Francesca Valente
Corporate Communications — Latin America
P: +54-11-4777-5300
F: +54-11-4777-5300
E: francesca.valente@frost.com

http://www.frost.com

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