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Part 1 - General presentation of the Group
37
Main events of the year 2010
February
The Shaw group awards to Hamon an order amounting
to USD 95 million to build two natural draft cooling
towers for Plant Vogtle in Waynesboro, GA, USA.
This order concerns the nuclear power units 3 and 4
of Plant Vogtle which will be the first one to be built in
the United States in more than 30 years. This illustrates
the successful reentry of Hamon on the North
American cooling market.
April
Hamon acquires 100% of Enviroserv GmbH, located
in Essen, Germany. Enviroserv is a technological leader
in Air Pollution Control (APC), particularly in flue gas
desulfurization.
Enviroserv is active in Germany and in Eastern Europe
mainly. Its main markets are thermal power plants
and heavy industries. This acquisition will create
significant value for the Hamon’s APC activities, among
others thanks to the good product and process complementarity.
June
Hamon creates a new subsidiary in China, Research-
Cottrell Cooling (Tianjin) Co. Ltd. The main purpose of
this company is to develop our dry cooling activities in
China, including the manufacturing of finned tube
bundles in its new plant. It also has offices in Beijing
for its technical and commercial activities.
October
Hamon acquires 60% of the South African company
J&C Engineering, based near Johannesburg. J&C
Engineering is a well-known player in Air Pollution
Control, more specifically in electrostatic precipitators.
The teaming up of our subsidiary Hamon South Africa
with Hamon J&C Engineering should allow developing
our APC activities in South Africa significantly, thanks
to excellent complementarities and a mass effect.
November - December
Booking of a large order for cooling systems for several
coal-fired and gas-fired units for Reliance in India.
This order includes the engineering, the supply and the
construction of FRP cooling systems which will be the
largest in the world.
From top to bottom:
Signature of the J&C Engineering acquisition agreements
(South Africa)
Dinner organised by Hamon during the Shanghai 2010 Exhibition
Hamon sells its subsidiary Brown Fintube France to
the French company Air Industrie Thermique (AIT).
Brown Fintube France did not belong to the core
business of Hamon’s business unit “Process Heat
Exchangers”. The transaction price is paid in cash for
a part and in AIT shares for another part.
July
Hamon and the South Korean company BHI create a
joint venture in Korea, named Hamon D’Hondt BHI.
This JV will be active in air finned coolers for the Oil &
Gas industries. It will focus on the South Korean market
and will sell to South Korean engineering & contractors
(EPC) for the export market. These EPC companies
have seen a sharp growth of their activities these last
few years.
August
Hamon Thermal Europe opens a branch in Saint
Petersburg (Russia) to develop the cooling activities
of the Group there.