Técnicas Reunidas Stock

Técnicas Reunidas, S.A., together with its subsidiaries, provides engineering and construction services.

The company’s corporate purpose consists of the performance of all manner of engineering and construction services for industrial plants, ranging from viability or basic and conceptual engineering studies to large and complex turnkey engineering and design projects, management of supply, equipment and material deliveries and construction of plants and related or associated services, such as technical assistance, construction supervision, project management, technical management, start-up and training.

Within its engineering services business, the company operates through various business lines, mainly in the oil and gas, power and infrastructure sectors.

Segments

The company operates through three segments: Oil and Gas, Power, and Infrastructure and Industry.

Oil and Gas

This segment focuses on providing engineering, procurement and construction services relating to oil and chemicals processing and production operations, and activities relating to the entire natural gas production and extraction value chain, i.e. production, processing, storage and transport. Activities in the refining sector range from the construction of refineries to the revamping and expansion of existing refining plants. Units designed and built include basic refining plants, plant conversions and octane improvement projects.

This segment also designs and builds auxiliary services and other refining units. Petrochemical activities include the design and construction of plants that produce and process monomers, polymers and plastics, chemical plants and fertilizer units. As regards natural gas, the company mainly designs and builds units used in the extraction and preliminary processing of natural gas, prior to its use in subsequent processes or preparation for export. The company is specialized in regasification and gas transport facilities.

Power

This segment performs consulting, engineering, procurement and construction services for a range of electricity generating plants, such as conventional thermal plants, combined cycle power plants, gasification integrated with combined cycle, nuclear plants, co-generators, solar plants, fuel cells, solid waste and biomass technology. The company also supplies turnkey plants and occasionally performs plant operation and maintenance (O&M) services.

Infrastructure and Industry

This segment carries out projects in multiple arenas, such as airports, industrial facilities, desalination and water treatment plants, as well as initiatives for public authorities and other bodies, such as management of car parks, public spaces and municipal sports centres.

History

The company was founded in 1960. It was incorporated in 1960. The company was formerly known as Lummus Española, S.A. and changed its name to Técnicas Reunidas, S.A. in 1972.