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  • Duro Felguera and TSK agree to deliver joint projects
    édité le 18/07/2018 - Plus de news de "DURO FELGUERA" - Voir la fiche entreprise de "DURO FELGUERA"

Duro Felguera and TSK agree to deliver joint projects
Duro Felguera and TSK have reached an agreement whose purpose is the joint delivery of turnkey (EPC) projects in the fields of energy, mining and handling, industry, the environment and oil & gas.

The agreement will enable the pooling of capacities of the two engineering companies from Asturias, contributing value in three specific areas: (1) reinforcing the scope and depth of project references, such as in renewable energies and combined cycles, (2) greater presence and critical mass in the geographical sense, and (3) improved risk management, as by sharing projects, each companys backlog will evolve towards a greater number of projects with less individual proportionality.

In energy, the joint experience of the two engineering companies in the construction of power plants exceeds 35,000 MW, both in renewable energies, with references in solar, wind, biomass and hydraulic power, and in conventional energy, including open cycles, combined cycles, motor-generation plants, and coal and energy-saving plants. In this field, DF is currently building 1,300 MW in Algeria, 500 MW in the United Arab Emirates and 450 MW in Romania, while TSK is building 1,200 MW in Bolivia and 500 MW in Chile, and over 1,000 MW in renewables in Mexico, Egypt, Jordan, Panama and Oman, among other countries. The agreement also reinforces the value proposal for the main technologists in the sector such as GE, Siemens and Mitsubishi, with which both companies enjoy an excellent relationship.

As far as industrial plants are concerned, the two companies together boast references and experience in Oil & Gas, mining, mineral concentration, desalination, iron and steel, cement, paper and sugar. Among other projects, TSK is currently working on a sugar refinery for 200 million Euros in Saudi Arabia, while DF is building a 180,000 m3 tank, a delayed coking unit (DCU) in Belarus for 263 million Euros and has just signed an EPCM contract for a graphite processing plant in Canada.

As for geographical presence, TSK is currently working on projects in 35 different countries and DF in 28.

As a first step in this alliance, a list of potential projects has been identified and a joint work team has been set up to take care of them. This list includes opportunities in the short, medium and long term, and adds new products to both companies' backlogs.

The two companies together have engineering and project management staff of over 1,000 people, mainly in Gijón, Madrid, Vitoria, Cologne (Germany), Dallas (USA), Dubai and various capital cities in Latin America.

The agreement with TSK will help DF, once the capital increase has been achieved and the debt restructuring agreement applied with the banks, to accelerate its business plan up to 2021, when it expects to reach over 1,000 million Euros in sales.

About Duro Felguera

Duro Felguera is a company specializing in executing turnkey projects for the energy, industrial and Oil & Gas sectors; it is also well-known as a supplier of specialized services for industries and as an expert manufacturer of capital goods.

With over 150 years' experience in industrial activities, DF is currently engaged in carrying out integrated projects for the construction of all kinds of power generation plants, mineral treatment and bulk-handling facilities, fuel storage plants and other facilities and installations for the Oil & Gas industry. The company executes all the processes required for the successful completion of the projects: engineering, supply, erection, commissioning, operation and maintenance.

About TSK

At TSK, we have pursued a clear objective since our foundation: to build a leading business group in engineering development and the supply of facilities of the highest quality. Our priority is to meet the needs of our customer, offering them all the technical and human resources necessary every step of the way.

Today, our Company has a turnover of around € 1000 million, with over 1000 professionals and experience in more than 50 countries.

Our achievements and the professional drive of our entire human team are the highest guarantee for continuing to fulfil our commitment: Service excellence.

Origine : Communiqué DURO FELGUERA

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