| Construction & Engineering Industry | Industrials Sector | Timothy Bremner CEO | XSTU Exchange | FR0010492199 ISIN |
| FR Country | 1,950 Employees | 18 Jul 2024 Last Dividend | - Last Split | - IPO Date |
Foraco International SA is a global leader in drilling services with a diversified portfolio catering to various markets, including North America, Europe, the Middle East, Africa, South America, and the Asia Pacific. Since its establishment in 1961 and being headquartered in Marseille, France, Foraco International SA ensures its prominence in the drilling industry through its operation in two main segments: Mining and Water. The company has dedicated itself to serving the mining industry by providing comprehensive drilling services that support energy transition, gold, and mineral exploitation. Furthermore, it addresses the critical need for water by drilling wells for drinking, irrigation, and industrial uses, alongside undertaking significant projects aimed at securing water supply for both residential and commercial needs. With its experienced teams and specialized equipment, Foraco International SA is committed to delivering high-quality, reliable drilling solutions across the globe, thereby catering to the strategic requirements of mining companies and official development assistance providers.
This service caters to the core needs of the mining sector, offering techniques such as chips and cores, stabilized holes for blasting, logging, boreholes for water or acid injection, cold water injection, production boreholes, large diameter core, and dual tube rotary bulk samples. It is designed to aid energy transition, gold, and mineral exploitation by providing detailed geological sampling and testing.
Foraco provides essential dewatering solutions by installing production pumps. This service is crucial for the removal of excess water from mining sites, enabling safer and more efficient mining operations.
The company offers services aimed at drift stabilization or water table protection. These services are vital for the decommissioning of mineral production facilities, ensuring environmental protection and safety.
Foraco drills wells for various purposes, including but not limited to drinking, irrigation, and industrial needs. Projects range from village water drilling programs to accessing mineral water with sanitary protection for the bottled water industry, and constructing large diameter well fields for urban residential supply. Moreover, the company offers inspection, servicing, and rehabilitation services for existing wells, ensuring sustained access to clean water.
In addition to its focus on mining and water, Foraco also extends its drilling services to the environmental and construction industries. This includes conducting geological exploration and geotechnical drilling, which are essential for understanding the environmental impacts of construction projects and ensuring the stability and safety of infrastructures.