redeployment of part of our operations to sectors and ... · our maintenance capabilities were...

1

Cegelec ended 2008 with very satisfactory financial results and a newshareholder, who has confirmed our independence and strengthe-ned our positions in certain markets. Following redeployment of part

of our operations to sectors and countries that are less affected by the cri-sis and the broadening of our solutions portfolio in several segments, we arenow moving forward in 2009 with confidence despite today’s deep economicrecession.In an extremely tight financial environment, we successfully completedour second LBO and changed shareholders. Our acquisition by QatariDiar, the international urban development and real estate investmentsubsidiary of Qatar’s sovereign wealth fund, has given us a stable ow-nership structure and opened up new business opportunities, whilepreserving the company’s independence that our customers particularlyappreciate.Order intake stood at €3,216 million for the year, up 13.1% excluding Fa-ceo, which was sold in October 2007. On the same basis of comparison,revenue increased by 3.1% to €3 billion, while EBIT gained 12.7% to€157 million. At €213 million, free cash flow rose significantly faster thanEBIT for the second year in a row.

These good results mean that we are moving forward in 2009 with confi-dence, but we remain extremely vigilant. In particular, business growthwill depend on how long it takes the stimulus packages implemented ina number of countries to take effect.

SHIFTING FOCUSIN THE INDUSTRY SEGMENT

We maintained our share of the Industry market, in particular by broad-ening and deepening our presence in sectors that are potentially lessexposed to the crisis and offer us opportunities to leverage our knowledgeof our customers’ specific industrial processes.This was the case in the pharmaceuticals and agri-foods segments,where our revenues rose by 42% in 2008, led by our ability to support cus-tomers as they expand in the global marketplace. One example is Ensysta,acquired in 2006, which increased its revenue in China by a third duringthe year, primarily with customers already operating in Europe.While impacted by declining oil prices, the oil and gas industry involvesvery long production cycles that demand a minimum of ongoing capitalspending, particularly in the upstream segment. Contracts won in 2008included the revamping and extension of the power grid at the Arzewrefinery in Algeria, the installation of power systems for two offshore oil

CLAUDEDARMON

Chairman of the Cegelec Group

“Following redeployment of part of our operationsto sectors and countries that are less affected by the crisis

and the broadening of our solutions portfolio in several segments,we are now moving forward in 2009 with confidence”.

CHAIRMAN’S MESSAGE

CEGELEC_RA08_INTGB:A4 15/06/09 15:01 Page1

2 CEGELEC2008 GROUP ACTIVITYREPORT

platforms run by ADMA-OPCO in Abu Dhabi and a major commissioningcontract for Total’s new offshore platform in Angola. In Qatar, Cegelecwas entrusted with a contract for the supply of water-steam cycle analy-sis systems and for the general electric installations of thecombined-cycle power plant (2,000 MW) in Mesaieed.Cegelec is also playing a critical role in Latin America’s largest construc-tion project, which is building the new TKCSA steel mill complex forThyssenKrupp. As part of the project, the German steelmaker awardedus a major electrical installation and instrumentation contract, attestingto our sustained support for its international expansion.

TURNKEYPOWER PLANTS

Cegelec is involved in an increasing number of turnkey power plant proj-ects, in which we build the entire facility. In 2008, we won the contract fromBouygues subsidiary CIPREL to extend the Vridi 2 thermal power plant inIvory Coast.

In the renewable energy segment, we have completed a large number ofwind power and biomass contracts, and are now investing in solar powercapabilities. We are also a major participant in the hydroelectric power seg-ment, as demonstrated by the 2008 contract to upgrade the Edea 1 plant inCameroon and the December 2007 contract to build the Ampel Gadingplant in Indonesia. In addition, a large number of AC generator refurbishingprojects have also been won.In the nuclear segment, Cegelec is ready to meet the growing demandexpected in coming years across the entire nuclear power chain, includingmaintenance and such emerging issues and challenges as the dismantlingof decommissioned power plants and waste treatment facilities. Two exam-ples are the contracts won to install electrical systems at the SchachtKonrad deep geological radioactive waste repository in Germany and for theICEDA interim storage facility in Bugey, France.

MAJOR PUBLICINFRASTRUCTURE PROJECTS

Two large tunnel contracts were won in 2008, one for the Elbe Tunnel inHamburg, Germany and the other for Algeria’s future East-West motorway.In both cases, our expertise in safety and traffic management equipmentwas particularly well appreciated.

In Qatar, Cegelec won the ground lighting contract for the runways of thenew Doha international airport, one of the largest airport projects in theworld.

In Morocco, where Cegelec is deeply involved in construction and railwayrefurbishment projects, we made a significant breakthrough in the urbantransport market in 2008 with a contract to supply and install all of the elec-trical infrastructure for the future Rabat tramway.

We are also a major provider of contracting services for environmentalinfrastructure. In 2008, for example, we renovated the drinking water plantin Neuilly-sur-Marne, near Paris, and executed remote management andpumping station contracts in Morocco and Mauritius. In addition, two newcontracts were signed in Austria to install electrical equipment in wasteincineration plants.

ENERGY-EFFICIENTBUILDINGS AND PLANTS

Building energy efficiency is another issue of pressing concern for our cus-tomers in the industry and in the service sector. That’s why NexityEntreprises awarded us a contract in 2008 to install all of the HVAC andplumbing infrastructure in a complex being built in the La Défense busi-ness district near Paris, in compliance with French High EnvironmentalQuality (HQE) standards.

Cegelec maintained its active presence in the French hospital sector, in par-ticular through contracts with the Hôpital Nord in Marseilles, the Hôpitalde Lagny being built near Paris and institutions in overseas local authori-ties. In Belgium, contracts were won during the year for a large number ofoffice complexes, in which innovative technological solutions were installedto optimise energy management, as well as for shopping centres and GSKBiologicals’ new head office.

Several large hotel development contracts were signed in Morocco, includ-ing the Mazagan complex in El Jadida and the future Four Seasons Hotelin Marrakech. Over the past two years, the Group has booked nearly€60 million in orders from the hospitality sector.

THE IMPORTANCE OFEFFECTIVE MAINTENANCE

Three major multi-year industrial maintenance contracts were renewed inlate 2008 with GE, Alstom Power and Nexter for several facilities in France.In Brazil, 13 electrical and mechanical maintenance contracts were signedwith Petrobas during the year, demonstrating that in a time of crisis, com-panies remain as focused as ever on ensuring longer service lives anduptime for their production facilities.

CHAIRMAN’S MESSAGE

Revamping electrical networks at the Arzew refinery in Algeria.


Our maintenance capabilities were strengthened in 2008 by the acquisitionof Eurotole, a Belgian provider of mechanical maintenance services, and ofA2M, based in south-western France.

As well, we enhanced our presence in the maintenance of large automatedand mecatronics systems, in particular through an additional contract tomaintain the French Post Office’s PIC industrial mail platform servingnorthern France.Cegelec also delivers multi-technical maintenance services for commer-cial buildings, a segment that saw the renewal of several contracts in late2008, including those for the Société Générale’s data centre in Tigéry nearParis, BNP Paribas’ head office buildings in Paris and Mobistar telecom-munications facilities in Belgium.

NEW ACQUISITIONOPPORTUNITIES

Our business growth is also being supported by an active acquisitions strat-egy. Eight French, German, Belgian and Dutch companies joined the Groupin 2008, bringing in €75 million in full-year revenue and helping to deepenthe close, local relationships we nurture with our customers. They have alsoexpanded our skills base and improved our ability to offer end-to-end solu-tions.

Current market conditions and company valuations should enable us topursue this strategy in 2009.

EXPANSION INALGERIA

Cegelec has subsidiaries in countries that are feeling less of an impact fromthe global economic crisis, either because they have their own oil and gasresources (like countries in the Middle East, but also Brazil and Indonesia),or because they have undertaken major public spending programmes todevelop their infrastructure (like Morocco and Algeria).

One compelling example is Algeria, where Cegelec has enjoyed sustainedgrowth in business over the past two years. Contracts now underway rep-resent a total of nearly €300 million in revenue, while local staff is expectedto more than double to some 200 people in 2009. Contracts won in 2008included the revamping of the Arzew refinery mentioned above, securitysystems for five additional oil facilities (on top of the some 20 already com-pleted), the turnkey construction of two transforming stations (220 and63 KV) for Sonelgaz and equipment for four tunnels on the country’s largestmotorway construction project.

SUSTAINED IMPLEMENTATIONOF THE PERFORMANCE IMPROVEMENT PROGRAMMES

In 2008, we continued to deploy CegelecPRO and the other performanceimprovement programmes. This aspiration to excellence in our work is amajor source of competitive differentiation that, in today’s more challeng-ing economy, enables us to optimise all of a project’s managementprocesses to full advantage.

Along with professionalism and an entrepreneurial mindset, this commit-ment to continuous improvement represents the true foundation of our cor-porate culture. It was further enhanced in 2008 by two additional actionprogrammes, one focused on worksite operations and the other on our en-gineering offices. After stepping up our efforts in purchasing, we are nowlooking to optimise our ability to seamlessly integrate all of a project’s dif-ferent phases.

We are also focusing on improving our core technological competencieswith the implementation of concrete action plans, notably in HVAC engi-neering, control systems, agri-food and pharmaceutical plant automationtechnology and analysers.

A COMMITMENTTO PEOPLE

A company can weather the crisis only with the support of its employees,and with all their dedication, skills and expertise. For a service companylike ours, people are our most valuable asset and we would like to com-mend everyone for their commitment and accomplishments during theyear.

We wanted to significantly broaden their stake in their company’s financialperformance, to the extent that today, the number of direct shareholdermanagers has doubled, while 1,500 employees have now been grantedstock options. In addition, a third of our employees are shareholdersthrough a corporate mutual fund.

The objectives-based bonus scheme was also broadened in 2008 to all ofour managers. Lastly, in France, an employee savings plan with Companycontributions was introduced for all employees, while a retirement plan wasset up for managers.

More than ever in these difficult times, we are paying careful attention tothe needs of our customers, standing ready to learn new practices and tobring new, more comprehensive, more effective solutions to market. Ourflexible responsiveness, our entrepreneurial spirit, especially as demon-strated by our account managers and project leaders, and the solidexpertise deployed in every aspect of our business will provide powerfulcompetitive advantage in withstanding the economic crisis.

CHAIRMAN’S MESSAGE 3

Turnkey photovoltaics: a thriving sector.


JANUARYINDONESIA

BP signs a five-year contract with Cegelec forthe preventive and corrective maintenance ofthe electrical components and instrumentationof its LNG plant in Tangguh as well as its plat-form.

FRANCEFor the first time, Cegelec is hired to work inthe immediate vicinity of the core of the nuclearprocess, electrifying the centrifuges of the newGeorge Besse II nuclear fuel plant constructedby AREVA, on behalf of the Dutch companyImtech.

INDIAAREVA T&D entrusts Cegelec with the me-chanical, electrical, hydraulic and automationstudies, as well as the complete construction ofa transformer test bench (400 to 800 MVA).Operator training was also included in thisassignment.

2008 HIGHLIGHTS

>


Transporting analternator

in Indiafor AREVA.

Maintenanceof the Tangguh

platformin Indonesia.

Turnkey contractfor 400 KV lines

for ONEin Morocco.

>

GERMANYThe Group is hired to construct the electricalinfrastructure of Schacht Konrad, a formersteel mine which will become a repository forlow level radioactive waste.

MARCHFRANCE

Cegelec constructs the electrical infrastructureof a hospital complex in Bayeux (high and lowvoltage), including the fire safety system, ac-cess control and supplies a power generatingunit.

At the CEA site in Cadarache, Cegelec is com-missioned to install the ventilation equipment forthe new Agate nuclear process facility, and signsa five-year contract for the operation and main-tenance of the high voltage substation (63KV) andelectricity distribution at the site.

>

BELGIUMThe pharmaceutical group GlaxoSmithKlineBiologicals entrusts Cegelec with the com-plete construction and management of elec-trical installations, HVAC engineering, clean-room facilities and data management for a50,000 sq. m. building which will house thegroup’s new head office.

FEBRUARYMOROCCO

In order to strengthen the electrical intercon-nections with the south of Morocco, theNational Electricity Office (ONE) awardedCegelec a turnkey contract for a 190 km,400 KV line from Ghanem to Chichoua.

BAHRAINSupply and installation of electrical infrastruc-tures (high and low voltage) of Bahrain Bay, acommercial and residential island of 1.1 millionsq. m. on the sea.


52008HIGHLIGHTS

Modernising electricalinfrastructures

at the Hôpital Nordin Marseilles.

Relizaneopen-cycle

power plantin Algeria.

Ten newwind turbine

projectsin France.

> NIGERIAA partner of Bilfinger & Shepherd since 1986,Cegelec continues, on the basis of a renewedcontract, the installation of transformers andpower units for public buildings in Abuja as wellas public lighting work.

ALGERIACegelec is awarded the air-conditioning andsmoke-clearance of the Relizane open-cyclepower plant in western Algeria on behalf ofAlstom, with Sonelgaz as the final customer.

FRANCEAssistance Publique des Hôpitaux de Marseillesigns a third contract with Cegelec for the re-pair of the high and low voltage supply for theHôpital Nord.

Cegelec is awarded an additional three-yearcontract with Airbus for the maintenance ofindustrial facilities at the company’s Saint-Eloisite, unique because of its wide variety of ma-chine tools and the fact that it is partially ded-icated to production.

>

THE NETHERLANDSAs in 2007, but on a larger scale representing55,000 working hours, Cegelec is entrustedwith the electrical and instrumentation workduring the shutdown of the BP refinery in Rot-terdam.

JUNESPAIN

Turnkey supply of lighting and low-voltage sys-tems for a 400-MW combined-cycle powerplant in Malaga for Alstom Power.

HUNGARYCegelec wins the contract for installation of venti-lationequipmentforthe firstsectionofLine4 of theBudapest Metro (7.3 km and 10 stations)

FRANCEAfter a successful first phase of compressorplant revamping in 2006 and following a Euro-pean call for tenders, Cegelec is hired by GRTgazto carry out the turnkey construction of a plantin Saint-Victor in the Allier region.

>

APRILBRAZIL

BASF signs a three-year contract with Cegelecfor industrial, mechanical and electrical main-tenance at four sites in the State of São Paulo.

FRANCEIn the Champagne-Ardennes region, following aco-development phase of several years, Cegeleccarries out the road access works, civil engi-neering, electrical engineering and networksfor 18 wind turbines each producing 2.3 MWof power, serving as prime contractor for theproject.

As part of a future private communication sys-tem for firemen, baptised Antares, EADS, aleading player in the aerospace and defencesectors, orders 250 pre-equipped (radio) shel-ters transportable by truck.

MAYIVORY COAST

A subsidiary of the Bouygues group, the Com-pagnie Ivoirienne de Production d’Electricitéawards Cegelec a contract to design, build andcommission the Vridi 2 power plant extension inAbidjan.



GSM-Rplatforms

on the Rhine-Rhonehigh speed train

in France.

Offshoreelectrial

infrastructuresfor Adma-Opcoin Abu Dhabi.

HVAC systemsfor the

Mediacity complexin Liège,Belgium.

2008HIGHLIGHTS

UNITED ARAB EMIRATESAdma-Opco, a public oil company in Abu Dhabi,entrusts Cegelec with the extension and re-vamping of the electricity systems at its two off-shore complexes under an EPC contract.

BELGIUMCegelec takes part in installing the HVAC systemsof two shopping complexes: Mediacity (190,000 sq.m.) in Liège and St Janspoort (40,000 sq. m.) inKortrijk, representing the largest investment everauthorised in the city.

ALGERIATurnkey construction of a 220/63 KV transformingstation in Tolga and a 63/30 KV station in Ouled

>

Djellal for Sonelgaz, the national supplier of elec-tricity and gas.

JULYFRANCE

Réseau Ferré de France entrusts Cegelec withthe telecommunications infrastructure of theDijon-Belfort section of the Rhine-Rhone highspeed train with 28 GSM-R platforms which willbe used via the European Rail Traffic Manage-ment System (ERMTS).

MOROCCOElectrification (overhead contact lines and sub-stations) of the future Rabat tram (18 km), a tech-nically demanding public transport system.


72008HIGHLIGHTS

New propellerson the French

Charles de Gaullenuclear

submarine.

Mechanicalinspection

systemfor turbinesand rotors.

High voltage,safety and fluids

at the futureLille hotel and casino

(France).

GERMANYAlready present at Japan Steel and Alstom(USA), installation of Turo-Man and Siro-Man,mechanical inspection systems for turbinesand rotor disks designed by Cegelec’s Germanteams, is under way at the facilities of the Ger-man metallurgist Saarschmiede.

QATARCegelec wins two contracts for a combined-cy-cle power plant (2,000 MW) in Mesaieed: onefor the supply of water-steam cycle analysissystems and another for the general electricalinstallations of the plant.

aircraft carrier as well as the sheet work boil-ermaking and mechanics on the Perle nuclearattack submarine as part of its ScheduledServicing and Repair (IPER).

MOROCCOSamir awards Cegelec a three-year contractfor the maintenance of its electrical installa-tions, including the motors, at the country ‘s re-fineries.

QATARCegelec wins the ground lighting contract forthe runways of the new Doha international air-port in Qatar, one of the largest airport projectsin the world.

> AUGUSTTURKEY

Cegelec is responsible for producing the on-board communication systems of 36 trams inthe city of Istanbul. The equipment will trans-mit communications between central controland the driver or passengers.

FRANCECegelec wins the work packages for the highvoltage, fire safety and fluids of the futureLucien Barrière hotel and casino in Lille(40,000 sq. m.).

DCNS entrusts Cegelec with the installation ofnew propellers on the Charles of Gaulle nuclear



Relay site forthe Ramses III network

of armour-platedtelecommunications of

the French Army

Substation(138 KV) forthe RNEST

refineryin Brazil.

Installationsup to

HQE standardsfor Nexityin Paris.

2008 HIGHLIGHTS

> SEPTEMBERALGERIA

Sonatrach and Cegelec sign a contract for theprovision of the security system for five oil sitesin southern Algeria, using intruder alert, videosurveillance, access control systems and aninter-site communication network.

FRANCEIn Pas-de-Calais, Cegelec is awarded a con-tract for the construction of the infrastructuresof two wind farms comprising 15 turbines pro-ducing 34.5 MW of power.

Thalès Communications entrusts Cegelec withfour projects related to the Ramses III networkof armour-plated telecommunications stationsfor the French Air Force: the construction ofFaraday shields equipped with all the integratedservices, the entryway and half-buried techni-cal shelter as well as the buildings and “relay”site for improved mechanical and physical pro-tection.

>MAURITANIARemote management of the drinking watersupply for the city of Nouakchott from theSenegal river for the National Water Company(SNDE).

BRAZILSupply, engineering, construction and opera-tion of a substation (138 KV) for the Petrobras’RNEST refinery which will have a productioncapacity of 200,000 barrels of oil per day asfrom 2010.

UNITED ARAB EMIRATESTecnicas Reunidas, a Spanish engineeringgroup, entrusts Cegelec with the HVAC engi-neering and analysis shelters of a polymerplant in Abu Dhabi.

SWITZERLANDCegelec is responsible for supervising the in-stallation of the security equipment and videosurveillance systems at the new internationalheadquarters of Merck Serono in Geneva.

OCTOBERFRANCE

All the electrical infrastructures of the futureHôpital de Lagny-Marne la Vallée, 585 bedson 76,000 sq. m in the eastern suburbs of Paris,are awarded to Cegelec.

Nexity hires Cegelec to carry out all the HVACand plumbing infrastructures of a 43,000 sq. m.building compliant with the High Environmen-tal Quality (HQE) standard, to house the futureSociété Générale trading floors.

The French Post Office awards Cegelec an ad-ditional maintenance contract for its futuresorting centre in Lesquin (near Lille), one oflargest in France in terms of the scale of themachines.

AUSTRIA - NORWAYThe Swiss company Von Roll Umwelttechnikacquires the services of Cegelec teams for theelectrical infrastructures of two domesticwaste incineration plants in Zistersdorf (Aus-tria) and Bergen (Norway).


9

> AUSTRIAThe public transport company of Vienna(Wiener Linien) signs a framework agreementwith Cegelec for the modernization of the U4Metro Line and its stations, as well as low cur-rent services on the U2 Line.

MOROCCOAir-conditioning, ventilation, plumbing, sprin-klers, swimming pools, fountains, power andlow currents: Cegelec implements its entirerepertoire of HVAC and electrical skills for theexpansive Mazagan hotel complex in El Jadidaon behalf of Besix, and the Four Seasons Hotelin Marrakech.

DECEMBERALGERIA

Cegelec is selected to install all the elec-trotechnical infrastructures of four tunnels withan overall length of 4.7 km, located on the fu-ture East-West motorway which, when com-pleted, will connect Tlemcen to Annaba. Theproject is the largest of the sort in the country’shistory.

FRANCESyndicat des Eaux d’Ile-de-France (SEDIF) en-trusts Cegelec with the installation of two newelectric pump sets, the revamping of two othersets, the power supply and control systems atits Neuilly-sur-Marne drinking water plant.

Cegelec utilises its expertise in low and highvoltage at the largest building site in Bordeauxin the past five years: the offices of the inter-communal authority of Bordeaux, a high-risebuilding comprising 22 floors and measuring100 m in height which will meet HQE stan-dards.

In Paris, the Louvre museum creates a new ex-hibition space dedicated to the “Arts of Islam”and hires Cegelec to install the plumbing, airconditioning and smoke clearance systems.

Nine ultrasoundinspectionsystems

delivered toDeutsche Bahn.

Control systemsof a drinkingwater plant

in Neuilly-sur-Marne(France).

Modernisationof the U4 metro line

and stationsin Vienna(Austria).

>

Contributing to make navigation possible evenwhen the Elbe is at its lowest level, Cegelec ishired to design and install electrical and commu-nication components for the Magdeburg andWusterwitz (South) locks .

Modernisation of a motorway tunnel in Hamburg,in particular of the ventilation and safety equip-ment, as well as the traffic management systemof three tunnel tubes. Cegelec already equippedthe fourth in 2002.

In order to increase the reliability of its rollingstock, Deutsche Bahn places an order with Ceg-elec for nine ultrasound inspection systems ofwheel set shafts with longitudinal bores, andtraining on carrying out tests.

NOVEMBERBRAZIL

Alstom Power hires Cegelec for the turnkeysupply of general electrical installations andlighting of the thermal power plant of theTKCSA (ThyssenKrupp) steel production com-plex in the State of Rio de Janeiro.

2008HIGHLIGHTS


HUMANRESOURCES

01:


More than 350 maintenance operators and technicians of Chevron and Total trained by Cegelec and Prime Atlantic in Nigeria.


11

Several initiatives were implemented by the HRfunction in order to strengthen existing linksbetween Cegelec and the student community.Partnerships with several French engineeringschools were established or expanded, andCegelec maintained an active presence at studentconventions, forums and job fairs in France andin other countries where the Group is present.

Another major initiative is the Energy TalentChallenge for renewable energies launched in2008, and targeting 30,000 students in engi-neering and other technical courses of study.The Electro Libre programme has a similar fo-cus. A genuine partnership has been estab-lished with seven vocational high schools, inwhich students will present a technical projectmeeting High Environmental Quality (HQE) stan-dards.Lastly, the Group continued to attract partici-pants in France’s International Business Vol-unteer programme (VIE). In 2008, 75% of thevolunteers were subsequently hired by Cegelecon permanent employment contracts.

TRAINING, THE COREOF THE GROUP’S PROGRAMMES

Safety is a constant concern for Cegelec, andmany actions are undertaken within the Group’svarious units to make ongoing improvementsin this area.The same applies to employee training, which is

at the core of the performance improvementprogrammes set up by Cegelec, prime examplesof which are CegelecPRO for project manage-ment, SourcingPRO for purchasing, or Design-PRO (engineering offices) and SiteworksPRO,created in 2008.Courses for these training schemes are given inparticular by Cegelec University, an integratedGroup training entity which designs and organ-ises modules to fit the specific requirements ofthe company and its employees. A total of over50,000 hours of training were given in 2008 – aconsiderable increase in relation to 2007. 2,300employees took part, including 600 site super-visors, who were given a particular focus.Cegelec also has a unit devoted to technicaltraining in the oil sector, called Catex, which isopen to its own teams and those of its cus-tomers. Overall, more than 330 technicians andengineers took part in its extremely varied train-ing schemes in 2008.

TOTAL REMUNERATIONQatari Diar, the Group’s new shareholder, andCegelec Management have sought to associate-Cegelec employees more closely with the com-pany’s financial results.The number of managerswho have become direct shareholders has doubledand 1,500 employees now hold stock options.

A third of our employees are now Cegelec share-holders thanks to a company mutual fund (FCPE).

A new employee shareholder plan will be imple-mented in the spring of 2009 with a significantcompany contribution providing particular incen-tives for lower-level employees.

In addition, in France an employee savings planwas set up with a company contribution for allemployees, and a retirement savings plan was setup for managers in 2008.

The broad strokes of a profit-sharing and per-formance improvement plan for business unitshave been defined at the Group level. Negotiationswith employee representatives may be initiated in2009 in the participating countries.

The European Works Council was informed andconsulted during the change in Cegelec share-holders.

Lastly, the working groups within the HR functionhave established draft guidelines for HR opera-tions for deployment in 2009 and 2010.

New recruitment initiatives were launched in 2008,and Cegelec continued to implement an active trainingpolicy for current employees, one of the pillars of itscontinuous improvement programmes. The Group alsosignificantly increased the direct stake of its employeesin the company’s capital and set up a an employeesavings plan as well as a retirement savings planfor managers.

1101 : HUMANRESOURCES

Group work during an integration seminarorganised by Cegelec.


02:


INFRASTRUCTURES

Expert assessment of a hydraulic alternator.


13

ENERGYCegelec signed a major turnkey contract in 2008for the extension of the Vridi 2 power plant(111 MW) in Abidjan, Ivory Coast. The Group is re-sponsible for the supply of the gas turbine itself,the electromechanical machinery, including con-trol systems, power transmission equipment andconnection to the electrical grid, as well as thecivil engineering of the power plant.Spanish energy giant Iberdola demonstrated its

satisfaction with the high-quality services pro-vided by the Group in Spain by selecting Cegelecfor a project in Qatar, where the Group will sup-ply the analyser systems for a 2,000 MW com-bined-cycle power plant.

In nuclear power, Cegelec is increasingly in-volved at the core of the nuclear process, such asin Tricastin (France), where AREVA hired theGroup to electrify the centrifuges of the new

George Besse II nuclear enrichment facility, andin Cadarache where the French Atomic EnergyCommission (CEA) hired Cegelec to install theventilation equipment of the new Agate nuclearprocess facility, in addition to the operation andmaintenance of the high voltage substation, andpower distribution for the entire site.In 2008, Cegelec continued its strategy of in-creasing business in downstream cycle opera-tions. The Group is now working with the FrenchNational Agency for Radioactive Waste Manage-ment on a demonstrator for the disposal of vit-rified waste, and is taking part in radioactivewaste conditioning and storage (ICEDA) at theBugey nuclear power plant.In Germany, the Group was entrusted with theconstruction of the electrical infrastructure ofSchacht Konrad, a former steel mine which willbecome a repository for low level radioactivewaste.

In hydraulic power, Cegelec concluded a strate-gic partnership with EnergPower, a major playerin Brazil. The alliance will enable the Group todraw on the hydraulic expertise of EnergPower,its international growth potential (12 EPC con-tracts underway in Latin America) and on the dy-namism of the market in Brazil, one of theworld’s top producers of hydraulic power.

The focal point for economic recovery plans buoyedby rising needs, primarily in energy and transport,the infrastructure market remains steady.When designing and carrying out projects, Cegeleccan count on its in-house expertise in managing largeprojects as well as its technical skills and experienceas a turnkey operator.

INFRASTRUCTURES02 :

PARTNER AT ALL STEPSOF THE

www

Extension of a thermal power plant in Abidjan,Ivory Coast.

CEGELEC, A MAJOR PLAYERIN PHOTOVOLTAICS2008 will be remembered as the year that photovoltaics took off inFrance, with 140% growth in the power of the installed base. Backed bya network of local agencies possessing QualiPV certi�cation, Cegelec isworking on a wide range of schemes in France and abroad.

For local authorities, industrial groups, farms, and major projects in theservice sector, Cegelec plays a role of general contractor for all tradesand professions in order to best utilise the space of large rooftops, andperforms maintenance on the installations.

Cegelec is also studying the residential market, which will representsome 40% of the future installed capacity in France, sustained byguaranteed resale tariffs for the energy produced, and tax deductions.Drawing on its experience in wind power, Cegelec is also helping tobuild solar farms, providing support at all stages of the project cycle.


Schacht Konrad repository for nuclear wastein Germany.

Spillway for Edéa N1 in Cameroon. Electrification of the first tram line in Rabat,Morocco.

In Indonesia, the Group is making full use of itsskills as an integrator, installing all the electro-mechanical equipment at the Ampel Gadingpower plant on the island of Java. In Africa,Cegelec is supplying all the electrical equip-ment and the control system for the Edéa N1 hy-dro-electric power plant in Cameroon, a con-tract signed with Andritz VA Tech Hydro, withwhich Cegelec has already built (EPC) twoturnkey hydro-electric power plants in Morocco.

Cegelec has significantly ramped up business inphotovoltaics, both in farms and on rooftops. Adevelopment contract was concluded with thelocal authorities of Miradoux in France’s Gersregion for the construction in 2009 of a photo-voltaic system producing 7 MW – one of thelargest to date in France. Cegelec was alsoawarded an EDF contract for the maintenance ofsome fifty solar sites in south-west France.

Cegelec secured its position in wind power inFrance with ten new projects in 2008 producinga total power output of 158 MW. In biomass, af-ter the inauguration of the Alkmaar power plantin the Netherlands, Cegelec won a contract forthe design and installation of all the electrical in-frastructures and automation systems of the

TRANSPORTCegelec was awarded the contract for the elec-trification (substations and overhead contactlines) of the 18 km-long of the first tram line inRabat, Morocco. Already a major player in the in-stallation of catenaries for railway lines in thecountry, the Group made a significant break-through on an additional market – on which it isbacked by expertise acquired in work on thepublic transport infrastructures of over twentyFrench cities.A member of the Rhonexpress consortium setup to construct the Leslys tram line in Lyon,Cegelec won in 2008 the contract for the over-head contact line, public lighting and signallingof the new Line E in Toulouse, as well as thepublic lighting, and more recently the substa-tions of the future line in Angers.The Group’s traction systems for trams and trol-leybuses are equipping additional rolling stock inseveral Central and Eastern European coun-

tries, as well as in Western Europe, with an or-der for 25 new trolley buses for the city ofSalzburg in Austria. In addition, Cegelec washired to install the ventilation and smoke ex-traction systems of the new Line 4 of the Bu-dapest underground in Hungary.

Having accounted for 300 million euros in orderssince the founding of the Group in 2001, tunnelsrepresent one of Cegelec’s main areas of ex-pertise, and the Group is particularly recognisedfor its capabilities in the fields of safety and traf-fic management. This expertise, combined withthe presence of a local subsidiary, enabled Ceg-elec to win an equipment contract in Algeria forfour tunnels on the future East-West motorwayconnecting Tlemcen to Annaba, the largest con-struction project in the history of the country.Another major construction project awarded in2008 is that of the modernisation of the Elbetunnel in Hamburg, one of the longest under-water tunnels in the world (3.3 km). The contractcomprises work on the electrotechnical infra-structure of three tunnel tubes, including safetyand ventilation equipment and the installation ofa traffic management system for delivery in2011.

Cegelec’s infrastructure expertise goes beyondroadworks, and in 2008 the Group won an EPCcontract in Germany for the electrical and com-munication components of the southern lock ofWusterwitz enabling remote control of the struc-ture. This system, scheduled to become opera-tional in 2012, follows the modernisation of theMagdeburg lock for which a contract was signedin 2007. In Qatar, the Group was awarded a con-tract for the ground lighting of runways at thenew international airport in Doha, one of thelargest airport projects in the world.


SOLUTIO

IN TRANSPINFRASTRwww Modernisation of the Elbe tunnel in Hamburg

(Germany).


Hagen cogeneration power plant (2 x 43 MW) inGermany.

Lighting the runways of Doha international airportin Qatar.

02 : INFRASTRUCTURES 15

ENVIRONMENTCegelec plays a role in every component of thewater cycle, particularly those requiring electro-mechanical and control capabilities. Severalmajor orders were placed in 2008: the revamp-ing of pumps at the drinking water plant inNeuilly-sur-Marne (Paris), the extension of thedrinking water plant and the construction of twopumping units in Saint-Brieuc and the con-struction of a drinking water plant in Yar (Côtesd’Armor region). In wastewater treatment, theGroup was the first in the world to implementmembrane filtration technology, at the Loc-quirec plant (Finistère Nord region).In Mauritania, in Sepember 2008 Cegelec begancarrying out a major contract for the remoteprocessing of drinking water pumping from theSenegal river to the city of Nouakchott. In Alge-ria, the Group is taking part in the modernisationof the Algiers drinking water network.

Waste processing is another environmental ac-tivity to which Cegelec provides its full support.For example, its Austrian teams were hired in2008 to construct the electrical infrastructuresof two domestic waste incineration facilities inZistersdorf (Austria) and Bergen (Norway) forthe Swiss company Von Roll Umwelttechnik.

DEFENCE AND SPACEFurther to the Socrates project, completed inJuly 2008, Cegelec is now leading a project forthe development of hardened and fixed shel-ters and telecommunications sites known asRamses, ordered by the French Airforce.

This is one of the Group’s largest projects in2008, along with the order placed by DCNS forthe last phase of electrical installation workaboard the Le Terrible nuclear submarine in

Cherbourg. In the field of aerospace, Cegelec,one of the main private companies involved withthe European Space Centre in French Guiana, isresponsible for the low current and fluids instal -lations for the Soyouz and Vega launch pads aswell as the refitting of the S3B building for the

preparation of satellites. Airbus also renewed itscontract with Cegelec for the quality control ofits aircraft propulsion systems.

High-power pumping station for Syndicat des Eauxd’Ile-de-France.


INDUSTRY

03:

CEGELEC2008 GROUP ACTIVITYREPORT

16

RNEST refinery of the Brazilian group Petrobras.


OIL AND GASThe revamping and extension of the electrical net-work of the Arzew refinery in western Algeria, onbehalf of Naftec, a subsidiary of Sonatrach, repre-sents a major contract for the Group. Work will becarried out on the low, medium voltage distributionand also concerns digital control system of theelectrical network. Three new substations are to bebuilt and the systems of seven others will be re-vamped, including air-conditioning, pressurisationand fire detection, all within a tight lead-time of 28months.

Cegelec was awarded another extension and re-vamping contract in 2008 by Adma-Opco, the pub-lic oil company of Abu Dhabi, for its two offshore oilrig complexes as part of a turnkey contract (EPC).The Group signed the same type of contract withPetrobras in Brazil for the construction of a sub-station of its RNEST refinery which is scheduled forcommissioning in 2010. This contract is in additionto that signed for another substation under con-struction at the President Getùlio Vargas refinery.Providing security systems for major industrialsites and large buildings is a service in which theGroup has proven experience and is backed bysolid references in the oil sector.

Cegelec was entrusted, in 2007 and again in 2008,with setting up the security equipment of a large

number of Sonatrach sites in Algeria, in particularthe anti-intrusion, video surveillance, and accesscontrol systems and as well as a inter-site radiocommunication network.

Demonstrating their advanced capabilities in re-search and development, in the spring of 2008

Cegelec’s Architecture and Ergonomics teamscompleted a blast-proof control room at a Total re-finery in Normandy, and are currently carrying outothers for SIR in Ivory Coast, SAR in Senegal andSonara in Cameroon.

Cegelec also has a great deal of experience inequipment acceptance and commissioning, whichit is implementing for Daewoo on the FPSO Pazflor(floating production, storage and offloading sys-tem) in deep water (600 to 1200 m) off the coast ofAngola. Cegelec is taking part in a world first innew technologies, including gas/liquid separationat the bottom of the ocean, in the immediate vicin-ity of production wells.

After having carried out the first phase of theOSCAR programme comprising the optimisation ofcompressor plants and the adaptation of networksfor GRTgaz, a subsidiary of GDF SUEZ, in August2008, Cegelec signed another major contract withthe same partners (Litwin and Friedlander) for theturnkey construction of a natural gas compressorplant in the town of Saint-Victor (Allier region ofFrance).

PHARMACEUTICALSAND FINE CHEMICALS

Business in the agri-food and pharmaceuticalsectors has grown significantly. In France, Cegelec

INDUSTRY03 : 17

Cegelec has maintained its market share in industry,in particular by strengthening its presence in sectorspotentially less exposed to the crisis and in which theGroup can highlight its expertise in specific industrialprocesses. In the oil industry, affected by the fall in theprice per barrel but also confronted with long productioncycles, Cegelec continues to make progress in upstreambusiness while providing related services (security andcontrol systems, training, technical assistance, etc.).

33% increase in orders in China in the fine chemicalsand sectors pharmaceuticals.

Cegelec signs an increasing number of additionalEPC contracts in the oil and gas sector.


carried out all the power current installations of anew site for Genzyme, the turnkey modernisationand construction of staging areas for Boironand Merial, as well as the entire automatedcleaning process of the production facilities of anew Sanofi-Pasteur vaccine building near Lyon. InChina, where the Group’s Ensysta specialised unitworks with customers to meet their requirementsin process and automation equipment, theGroup increased its share of orders by 33% in2008, with customers such as Eden Chocolates,Vesuvius, Wyeth, Griffith and Umicore. Cegelecalso expanded its resources for fulfilling this

type of order by acquiring the Dutch companyWMI Liquid Food Systems.

The iron and steel industry, although affected bythe severe economic slowdown, continues toprovide Cegelec with considerable business. InBrazil, since 2006 Cegelec has played a role inthe construction of the TKCSA iron and steelcomplex (ThyssenKrupp – Companhia Siderúr-gica do Atlântico), the largest construction sitein South America. In 2008, the Group wasawarded a contract by ThyssenKrupp for theelectrical infrastructures and instrumentation

as well as other services in energy and electric-ity for Alstom Power. In France, ArcelorMittalordered the electrification of blast furnace 2 inFos following that of Blast furnace 1 the previ-ous year.

18

CEGELEC PLACES SEVERALOIL SITES UNDER HIGH-SECURITY

The public hydrocarbon company of Algeria, the topcompany in Africa and the third-largest internationalexporter of gas, Sonatrach is undergoing a phaseof intense development.Its gas compression and oil facilities are strategicsites which require a particularly effective securitysystem which is at the same time highly effective,scalable, compatible with existing systems, andcapable of accounting for environmental conditions(very high temperatures, sand, etc.). Cegelec and itsteams specialised in large projects have developedthe Evolynx system to secure the sites of HassiMessaoud. The following �gures reveal themagnitude of the project: over 30,000 badges,hundreds of access points, hundreds of cameraswith redundant storage, tens of km of perimeterprotection, etc.

The technological security system consisted inequipping all the sites with access control (badgereaders, management of openings), anti-intrusion(fencing with sensor, tripwires), and videosurveillance systems combining technicalinfrastructures and civil engineering (gatehouses,plant rooms,operations centres). Cegelec was alsoresponsible for all the engineerings, procurementand user training. In order to carry out the work at asustained pace, dedicated security teams worked inclose cooperation with the Group’s Algerian teams.

“Satis�ed with the quality of the installation and theresponsiveness of our employees, Sonatrachawarded us two other similar contracts forthe Skikda sites and �ve additional sitesin southern Algeria” indicates Jean-Marc Perraud,Vice-President Cegelec Energy/Infra.



SERVICE SECTOR

04:


19

Electricity and HVAC for the Ellipse Tower in Brussels (Belgium).


20

HIGH ENVIRONMENTAL QUALITYAND ENERGY EFFICIENCYCegelec performs on behalf of NexityEntreprises, HVAC and plumbing infrastructuresfor the future Société Générale buildingand has set a particularly high level of standardsin terms of environmental protection andfacility availability.

The 43,000 sq. m. building will be compliantwith High Environmental Quality (HQE), aFrench standard comprising 14 parametersincluding energy consumption (standard E),heat insulation (standard K), etc. In order tomeet these requirements, Cegelec will equipthe building with a system which detects thelevel of carbon dioxide emitted by theoccupants in order to determine the quantity ofoutside air required, thereby controllingenergy usage for air conditioning and heating.

The occupancy of the building has led itsdesigners to integrate entirely redundant aircooling systems which will remotely controland regulate the internal temperature of thecomputer cabinets.


Cegelec is a major player in the servicesector, in which the presence of local,on-site teams and multi-disciplinary skills(electrical engineering, HVAC, plumbing,networks, medical fluids, security,communication, etc.) constitute key assets.The Group’s rigorous project managementmethods are indispensable on sites wherestakeholders from many trades andprofessions work side-by-side and workcontinuity must be guaranteed.

Bringing the offices of the Bordeaux inter-communal authority up to HQEstandards (France).


HOSPITALSAND HIGH-RISE BUILDINGS

Nine new orders were placed in 2008 in theFrench hospital sector, including Sainte-Annehospital in Paris, Hôpital Nord in Marseilles andthe hospital of Bayeux. At the future hospitalfor Lagny-Marne la Vallée (76,000 sq. m. and 585beds), Cegelec is to install all the electrical in-frastructures and fire safety systems. The Groupwill also install the air-conditioning and electri-cal systems of the psychiatric ward of a hospi-tal complex in western Guyana.Cegelec also won the HVAC and plumbing workpackages for a 43,000 sq. m. building which willhouse the future Société Générale trading floorsin La Défense (Paris). Compliant with High En-vironmental Quality (HQE) standards, the tech-nical design of these infrastructures was en-trusted to its engineering and design officewhich worked in close collaboration with thearchitects and Société Générale. The stakes ofthe project are high in terms of investment,lead-time and security requirements.Another important order worth mentioning isthe head office of the Brussels public transportcompany, which has hired Cegelec to install theelectricity and HVAC of 18,000 sq. m. of officeswithin a period of only 10 months.

HOTELSOver the past two years, a total of nearly €60 mil-lion in orders have been placed with the Group inthe hotel sector in Morocco alone. In 2008, Cegelec

won the HVAC and plumbing contract of thelarge Mazagan hotel complex in El Jadida (600rooms) for Besix Somagec, and a electricity, airconditioning and plumbing contract for the FourSeasons in Marrakech. During the same period,the Group delivered another hotel belongingto the same chain on Bora Bora in Polynesia.

In France, Cegelec was entrusted with nearly allthe technical work packages for the hotel andcasino being built by the Barrière Group in Lille.The Group has also equipped some exceptionalcultural buildings, such as the Cité de l’Archi-tecture in Paris, and the Chagall Museum atVilla Massena in Nice. These projects enabledthe Group to implement its wide range of tech-nical skills and demonstrate its ability to estab-lish partnerships between architects and cus-tomers with a view to developing technicalsolutions which respect the vision and purposeof the sites.

SHOPPING CENTRESShopping centres continue to provide Cegelecwith an influx of orders. After the delivery of theBahrain in City Centre, opened in September2008, the Group was hired to install the electri-cal infrastructures of Bahrain Bay, a commercialand residential island of 1.1 million sq. m. on thesea. In Belgium, Cegelec is in charge of HVAC andsmoke clearance at the St-Janspoort complex inKortrijk, a 40,000 sq. m. development compris-ing a shopping centre and residences. In Liège,

the Group is installing the HVAC systems forthe Mediacity complex which will combine, on190,000 sq. m., a public television production cen-tre, a cineplex and an Olympic skating rink.

LOCAL AUTHORITIESLocal authorities find in Cegelec an ideal partnerfor meeting the challenges of sustainable devel-opment and living in their cities. In Belgium, fol-lowing the private-public partnership (PPP) es-tablished for a swimming pool in the town ofLier,Cegelec signed a similar agreement with the cityof Mons for its future “Grand Large” swimmingpool. The Group is responsible for the specialtechniques, HVAC and electrical installations ofthe new complex, which will be powered by solarpanels and three wind mills.

Cegelec is also handling the electrical moderni-sation of the offices of the inter-communal au-thority of Bordeaux, a high-rise building whichwill only be partially empty during the work, andis scheduled for completion in 2013.

In France, primary and secondary schools hireCegelec to modernise their infrastructures. InGuyana for example, the Group is responsible forthe ventilation, air-conditioning and smoke ex-traction systems of a vocational school in Kourou,as well as for the construction of roads and var-ious other networks for 112 residences in Roura.

SERVICE SECTOR04 : 21

HVAC and plumbing at the Mazagan hotel complexin El Jadida, Morocco.

HVAC and smoke clearance at the St-Janspoort shopping centre in Kortrijk, Belgium.


05:


MAINTENANCE

Energy efficiency plan implemented in “le Partitio”, a HQE building in Paris.


23

INDUSTRIALMAINTENANCE

Cegelec renewed, and sometimes extended sev-eral major multi-year contracts for industrialmaintenance in 2008. This includes severalAlstom, Nexter and GE production sites inFrance, three Dupont textile factories in Spain,four sites owned by BASF in Brazil, as well asthe Faurecia automotive plant in Grojec, Polandand the Pisek plant in the Czech Republic.The acquisition of Eurotole in Belgium and A2Min France expanded the Group’s range of multi-disciplinary offers. With the help of A2M, a 30-person team was quickly assembled at theAirbus production site in Saint-Eloi for the main-

tenance of its installed base of machine tools.This contract follows on from previous agree-ments for maintenance carried out by Cegelecat four other Airbus sites.The Group has gained several noteworthy re-sources in sorting equipment, including the mailsorting centres of the French Post Office, withthe 2008 contract for the future sorting centre inLesquin (North region), which in April 2009 willbecome one of the largest centres in France, aswell as a luggage sorting system for RoissyCharles of Gaulle airport which Cegelec main-tains as part of an agreement with ADP.

Cegelec had a particularly productive year innon-destructive testing, carrying out a greatdeal of work on LPG tankers and the testing ofsome thirty steam generators for EDF, an in-crease in business of nearly 45% with this cus-tomer.In 2008, the French electricity supplier awardedthe Group second place in the innovation cate-gory for the Rodin tool, which uses ultrasoundtechnology to detect wear to 10 microns, versusonly 50 with the former systems. This innovativetechnology helped the Group win a contract fornon-destructive testing at ten EDF sites in 2008.The automation of testing improves the reliabil-ity and increases the sensitivity of the devices, anobjective sought by Cegelec and demonstratedin the equipment used to inspect turbine rotorsor the wheel set shafts with longitudinal boresof high-speed trains. Deutsche Bahn recognisedthe importance of these advances, ordering nineultrasound inspection systems for wheel sets.

Cegelec also signed a five-year renewal of itsmaintenance contract with the Institut deSoudure, a key player in non-destructive testingin France and abroad.The oil industry remains an important source ofmaintenance business for Cegelec. In Brazil,the Group signed 13 electrical and mechanicalmaintenance contracts with the national oilgroup, Petrobras, a long-time customer. Onecontract of note was for the corrective and pre-ventive maintenance of six terminals and twopumping stations of the multi-product pipelinewhich connects Brasilia with Sao Paulo. Thiscontract is the second signed with Transpetro,the transport subsidiary of Petrobras.

In Indonesia, BP entrusted Cegelec with thepreventive and corrective maintenance of theelectrical and instrumentation equipment of itsLNG plant and its Tangguh platform for a periodof five years, one of the subsidiary’s largest con-tract ever recordered in the oil and gas sector.

In the defence and space sectors, Cegelec perfor -med work on the Charles de Gaulle aircraft carrierand the Perle nuclear attack submarine as partof their Scheduled Servicing and Repair (IPER).In Kourou Arianespace renewed its operation andmaintenance contract for the Ariannes launchcomplex.

In industry, well-planned maintenance ensures greaterlongevity and availability of production equipment.In the service sector, it can lead to a considerablereduction in energy costs. In 2008, Cegelec significantlydeveloped its mechanical maintenance skills andexpanded its range of multidisciplinary offers in orderto provide customers with a single point of contact.

MAINTENANCE05 :

Multi-year technical maintenance for theautomobile equipment manufacturer Faureciain Poland.

Multidisciplinary maintenance of the largest service-sector building “Lumière” in Paris.



MAINTENANCESERVICE SECTOR

In multidisciplinary maintenance in the servicesector, in addition to the continued maintenanceoperations of the Musée du Quai Branly and atthe Louvre in Paris, in late 2008 Cegelec renewedits maintenance contract with Société Généralefor the bank’s computer centre in Tigery, in theParis region, as well as that for the maintenanceof the BNP Paribas offices located on Boulevarddes Italiens in Paris. In Reunion Island, Cegelecwon a multi-year maintenance contract for thegenerating stations of cold production, air condi-tioning and ventilation installations of CHR Felix-Guyon, the largest hospital complex of the island.

Two maintenance contracts with the mobile tele-phone operator Mobistar in Belgium were alsorenewed and extended, for the complete techni-cal management of three buildings of the com-pany’s head offices (36,000 sq. m.) and for thetechnical operation of the 15,000 sq. m. of ITrooms and network nodes of 14 strategic sites.

IN 12 MONTHS, CEGELEC SIGNED 13NEW MAINTENANCE CONTRACTSWITH PETROBRASThe world’s sixth-ranking oil producer and the largestmarket capitalisation in Latin America, the Brazilian oilgroup Petrobras holds over 100 production platforms,16 re�neries, 30 kilometers of pipeline and over sixthousand petrol stations.

A regular Cegelec customer for over 15 years, Petrobrashas currently mobilised nearly 600 Cegelec employeesat its various sites. In 2008, Petrobras entrusted Cegelecwith 13 new maintenance contracts – many multi-year –for both its re�neries and transport and distributionsubsidiaries, worth approximately €21 million. FromRio Grande do Norte to Sao Paulo, Cegelec isresponsible for a wide range of assignments: inspectionof machine components, maintenance of gascompression units, �lters, burners, electric andmechanical maintenance of compressors, engines andauxiliary equipment, maintenance of terminals andpipelines, etc. Assignments in both preventive andcorrective maintenance demonstrate the cross-functionalexpertise of Cegelec and the trusting relationships it hasdeveloped with customers.

“The oil and gas sector is not the only �eld in Brazilrequiring the services of Cegelec. The petrochemical(Petroquimica Triunfo, Braskem, Borealis), chemical(BASF), iron and steel (ArcelorMittal Vega, Vale) andpharmaceutical (Novartis) industries also entrusted workto Cegelec in 2008, pushing revenue from the industrialmaintenance revenues to 70% of its sales in the country”explains Frederic Lalanne, President of WorldwideBusiness.


redeployment of part of our operations to sectors and ... · our maintenance capabilities were...

Documents