Técnicas Reunidas, S.A. (0MKT)

Overview

Técnicas Reunidas, S.A. is a renowned engineering and construction company, which specializes in designing and managing industrial plant projects on a global scale. The company operates through three main segments: Oil and Gas, Power, and Other Industries, delivering a wide range of engineering, procurement, and construction services. Originally founded in 1960, the company underwent a name change from Lummus Española, S.A. to Técnicas Reunidas, S.A. in 1972, marking the beginning of a new era of expansion and growth. Headquartered in Madrid, Spain, Técnicas Reunidas is also engaged in various business activities outside of its primary focus, including real estate and commercial development, machinery wholesale, and providing a suite of project management and technical assistance services.

Products and Services

• Oil and Gas Segment:

This division provides comprehensive engineering, procurement, and construction services for oil processing operations and chemical production. It covers the entire value chain of natural gas production and extraction, offering services related to production, processing, storage, and transportation. The company also specializes in constructing, revamping, and expanding refining plants, as well as designing and building auxiliary services, other refining units, and plants for producing and processing monomers, polymers and plastics, chemicals, and fertilizers.

• Power Segment:

The Power segment delivers consulting, engineering, procurement, and construction services for a diverse range of electricity generating plants. This includes conventional thermal plants, combined cycle power plants, gasification integrated with combined cycle, nuclear plants, co-generators, solar plants, fuel cells, solid waste plants, and biomass technology plants. Additionally, it provides operation and maintenance services for these plants, and supplies turnkey plants.

• Other Industries Segment:

This area of Técnicas Reunidas' operation involves undertaking projects across various domains such as airports, industrial facilities, and desalination and water treatment plants. They also execute projects for public authorities and other organizations encompassing the management of car parks and sports centers. Key activities in this segment include technical assistance, construction supervision, project management, technical management, and providing start-up and training activities.