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Ferrostaal Piping Supply GmbH
Ferrostaal Piping Supply GmbH
Presentation of
Ferrostaal Piping Supply GmbH
and Group Ferrostaal
Ferrostaal Piping Supply GmbH |
International Petroleum Investment Company70%
MAN AG30%
Ferrostaal AG
- Founded 1984- 14 industrial participants- First investment 1988- Capital investment value over US$ 14 billion
- MAN Nutzfahrzeuge- MAN Diesel- MAN Turbo- RENK
Petrochemicals
Projects
Power
Solar Energy
Green Technology
Services
Service Platform
Automotive
Ferrostaal AGShareholder and Business Structure
Ferrostaal Piping Supply GmbH |
Facts and Figures
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Founded in 1984 as a joint venture between the Abu Dhabi Investment Authority (ADIA) and the Abu Dhabi National Oil Company (ADNOC) to focus on oil-related acquisitions outside Abu Dhabi
ADNOC and ADIA (since 2006 Abu Dhabi Investment Council) as well as IPIC are 100% owned by the Abu Dhabi Government
Based in Abu Dhabi with 65 employees
Financial / strategic investor that pursues a long-term strategy
First investments in 1988, to date eleven strategic partnerships
Capital investment volume of over US$ 14 billion
IPIC has been expanding rapidly and is currently stakeholder in several international oil and gas companies
Key Data on IPIC
The International Petroleum Investment Company (IPIC)Company Profile
Key info Abu DhabiKey Data on IPIC
The Emirate of Abu Dhabi possesses 95 % of the U.A.E.‘s oil reserves
The City of Abu Dhabi is the capital of the United Arab Emirates (U.A.E.) and seat of the UAE Federal Government, furthermore the Government of the Emirate of Abu Dhabi is based in the city
Approximately 850.000 people live in Abu Dhabi
The GDP per capita reached US$ 57.000 in 2008, which ranks third in the world after Luxembourg and Norway
U.A.E.‘s economy recorded a growth rate of more than 7% in 2008
Ferrostaal Piping Supply GmbH |
International Petroleum Investment Company (IPIC)Shareholdings
19,2% 64%50%
20%
20%
70%9,5% 30%15%
2% 30%
The companies belonging to its portfolio are:
70%36%
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Strategy
IPIC pursues long-term investments and has so far retained all its partnerships and investments
To date, IPIC dominantly invested in the MENA region, Europe and Asia, but wishes to establish a worldwide network
IPIC typically targets a minority equity share, but in selected cases also seeks larger stakes
While IPIC does not typically directly participate in the day-to-day management of their affiliated companies, it is represented on the supervisory board of its companies
Outlook
IPIC aims at an international investment portfolio of US$ 40 billion in the next five years
IPIC is planning to expand its operations into new geographical areas (e.g. Central Asia and North Africa) as well as expanding its investments in the international oil and gas sector
IPIC pursues a diversified portfolio within the petrochemical sector, which comprises downstream and upstream activities
IPIC will diversify into the power generation sector, i.e. expanding activities also into conventional power plants and renewables
Strategic acquisitions will support the diversification plans
The International Petroleum Investment Company (IPIC) Corporate Strategy
Ferrostaal Piping Supply GmbH |
Name Country Holding Branch
The International Petroleum Investment Company (IPIC) Investments
Acquisition
7
Compania Espanola De Petroleos SA (Cepsa) 1988 Spain 9.50% Oil refineries
OMV AG (OMV) 1994 Austria 19.20% Integrated Oil & Gas
Borealis AG 1998 / 2005 Austria 25.00% / 65.00% Petrochemicals
Abu Dhabi Petroleum Investments Holding 1998 UAE 75.00% Oil & Gas, Oil refineries
Hyundai Oilbank Refinery Co., Ltd. 1999 South Korea 70.00% Oil refineries
Gulf Energy Maritime (GEM) 2004 UAE 30.00% Shipping line operating tankers
Oman Polypropylene LLC 2006 Oman 20.00% Petrochemicals
Cosmo Oil Co., Ltd. 2007 Japan 20.08% Integrated Oil & Gas
Pak-Arab Refinery Ltd (PARCO) 2007 Pakistan 30.00% Oil refineries
Arab Petroleum Pipeline Company (Sumed) 2007 Egypt 15.00% Operation of oil pipelines
Energias de Portugal, S.A. (EDP) 2008 Portugal 2.00% Utilities
Falah Investment Fund 2008 Kazakhstan 50.00% Funds projects in energy & other sectors in Kazakhstan
Qatar Investment Authority 2008 Qatar 50.00% Global Multi-sector Fund
MTM 2008 UK 20.00% Environmental Fund
Aabar Investment 2008 UAE 70.00% Global Multi-sector Investment
Ferrostaal Piping Supply GmbH |
Ferrostaal AGOrganisational chart Projects
Business Division „Projects“
Petrochemical Industry
Solar Energy
Petrochemicals
Pulp and Paper
Green Technology
Biofuels
Solar Energy
Power
Power Industry
*Services for all Business Units
Oil and Gas Construction Services*
Special Projects
Air Technology
Ferrostaal Piping Supply GmbH |
Business Division „Services“
Equipment Solutions
Offset
Service Platform
Merchant Marine
Automotive
Automotive
Piping Supply
Ferrostaal AGOrganisational chart Services
Ferrostaal Piping Supply GmbH |
Financials (in Mio. €) 2007 2008
Order Intake 1 556 1 836
Sales 1 445 1 640
EBIT 179 167
ROCE (in %) 36,9 37,3
RoS (in %) 12,4 10,2
Employees* (number) 4 175 4 431
*without temporary workers
Ferrostaal AGOverview – Year 2008
Ferrostaal Piping Supply GmbH |
ProjectsSegments and products
Seg
men
tsM
ain
Pro
duct
s
Methanol
Ammonia
Melamine
Olefins
Oil and gas upstream
Oil and gas downstream
Bioethanol
Biodiesel
Pulp and paper mills
Combined cycle power plants
Diesel power plants
Balance of plant
Petrochemicals Power Green Technology
Solar thermal power
Process heat
Solar cooling
Desalination
Air technology
Solar Energy
Ferrostaal Piping Supply GmbH |
Risks:
Model:
Ferrostaal approach
Profit maximizing and risk minimizing strategy via “Triple Value”
Fair distribution of risks among partners Realistic budget and schedule Professional common risk management
Best Partner
Project developmentFerrostaal provides a long-term and reliable expertise in project development. A lump sum fee is charged for this service.
Equity participationFS takes equity interests in selected projects depending on conditions agreed with the client.
EPC
As general contractor Ferrostaal offers EPC services for different plant types. With long proven success and reliable partners we facilitate the technical erection of turnkey plants
Project Development
Equity
EPC
Triple Value
Approach:
Business Strategy “Projects”
Ferrostaal Piping Supply GmbH |
ServicesSegments and products
Pipeline equipment
Machinery for
• printing
• metal
• plastics
• packaging
• food processing
Distributed power
Railroad equipment
Offset
Ships
Service Platform
• Assembly ofcomplete modules
• Just-in-sequencedelivery
• Operation ofassembly lines
Automotive
Mai
n P
rodu
cts
Seg
men
ts
Ferrostaal Piping Supply GmbH |
Near East/Middle East Iran, Kuwait, Oman, UAE
South America Brazil, Chile, Trinidad and Tobago, Venezuela, Peru
Africa Algeria, Libya, South Africa, Angola
South-East Asia China, Indonesia, India, Thailand, Vietnam, Malaysia
CIS Russia, Turkmenistan
Europe Belgium, Germany, Poland, Spain, Portugal, Denmark, Norway, Sweden, Finland
North America USA, Mexico
Ferrostaal AGCore markets
Ferrostaal Piping Supply GmbH |
Ferrostaal Headquarters in EssenFerrostaal subsidiariesFerrostaal branchesJoint Venture
Ferrostaal AGInternational network
Ferrostaal Piping Supply GmbH
Ferrostaal Piping Supply GmbH
Ferrostaal Piping SupplyIntroduction
Ferrostaal Piping Supply GmbH |
Ferrostaal Piping SupplyKey Figures 2008
Main customers: Oil & -gas industry, Petrochemical industry Power industries Engineering contractors
Piping materials Piping related equipment;
e.g. fitting, flanges
Ferrostaal Piping Supplysupplier and service provider for
Total sales
Employees
Offices
170 € million
110 (December 31)
Essen (Headquarter)Hooge Zwaluwe (NL Warehouse)
Ferrostaal Piping Supply GmbH |
Ferrostaal Piping Supply
Ferrostaal Piping Supply GmbH |
Ferrostaal AG
Ferrostaal Piping Supply GmbH |
Central Warehouse in Hooge Zwaluwe Netherlands
Ferrostaal Piping Supply
Ferrostaal Piping Supply GmbH |
Ferrostaal Piping SupplyProduct Portfolio
Product Portfolio
All material available in carbon, alloy and stainless steel in all standards and specifications
Piping Piping related
GasketsBolts / Nuts
Valves
FlangesFittings
Welded Pipes
Seamless Pipes
Ferrostaal Piping Supply GmbH |
Material qualities
Carbon steel
• ASTM A106 Gr B/A234 WPB/A105• ASTM A333 Gr.6/A420 WPL6/A350 LF2• API 5L Gr X52/ASTM A860 WPHY52/A694 F52
Stainless steel
• 316/316L• 6Mo (UNS S315254, UNS N08926)• 22Cr Duplex (UNS S31803)• 25Cr Duplex (UNS S32750/760/550)• Superaustenite (UNS S34565)• Titanium Gr. 2
Ferrostaal Piping Supply GmbH |
Ferrostaal Piping SupplyRelevant Industries
Oil & Gas Energy Shipbuilding
Piping for ShipsPower plantsPetrochemicals / Chemicals
Special TankersPipelines / Tank farms
Gas Treatment
Ferrostaal Piping Supply GmbH |
Ferrostaal Piping SupplyService Provider for the Oil & Gas Industries
Procurement Expediting
TransportManagement
Range of Services
Warehousing Technical AdviceQuality ManagementClaim Management
ProjectFinancing
Ferrostaal Piping Supply GmbH |
Ferrostaal Piping SupplyPartner of the Oil & Gas Industries
Partner
Long experience since 1953 active in the market
Supplier for total piping packages
Skilled and flexible team of personnel Quality assurance Partnership
on long-term basis
Worldwide presence by ownFerrostaal offices and companies
Integration in Ferrostaal projects
Ferrostaal Piping Supply GmbH |
Ferrostaal Piping SupplyPartner of the Oil & Gas Industries
Partnership on long-term basis withInternational engineering contractors; e.g.
International oil & gas companies; e.g.
Shell
Dow Chemical
EXXON/ MOBIL
FORTUM
LUKOIL
ABB Lummus Global
Fluor
Foster Wheeler
ILF
Ferrostaal Piping Supply GmbH |
Ferrostaal Piping SupplyMain References
Procurement and WarehousingSHELL PER+ Project SHELL, NAM, GASUNIE, BEB, EMPG
Pan European Supply ContractSHELL
Consignment StockDOW, DEA, ESSO, etc.
Supply Service ContractNESTE OY (FORTUM), VEBA, LUKoil
Site WarehousingPCK, BEB
Open Shop ServiceESSO, BAYERNOIL
Procurement ContractMAZEIKIU NAFTA, KRUPP UHDE
®
Ferrostaal Piping Supply GmbH |
Ferrostaal Piping Supply Pipeline References
68 km Sub-sea Gas Pipeline 20”; Azerbaijan
Compression Station; Iran & Turkmenistan
172 km Gas Condensate Pipeline; Turkmenistan
Yilanli Station 56” pipeline; Turkmenistan
56” Pipeline System; Turkmenistan
References
Ferrostaal Piping Supply GmbH |
Ferrostaal Piping Supply References
Piping material for compressor station Wardenburg, GermanyNETRA
Fittings forunderground gas storage ETZEL E-ON EngineeringE-ON Ruhrgas
References
Fittings for compressor stationWaidhausE-ON/Ruhrgas, MEGAL
WAG Plus 600 OMV Erdgas GmbHcompressor stationsBaumgarten, Kirchberg, Rainbach, Austria
Pipeline Karachaganak188 km 12”, 20” PipesAGIP KazStroyService
References
Ferrostaal Piping Supply GmbH |
Ferrostaal Piping SupplySuccess Factors
Necessary Requirements
Success
Projectmanagement know-how
Consultancy
Technical Know-How
Market Know-how
Sourcing
Prices
Sufficient ContactsPersonal contacts
Ferrostaal Piping Supply GmbH |
Ferrostaal Piping SupplyCertificates
Ferrostaal Piping Supply GmbH |
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