Download PDF version English(2664KB) - Hamon

Part 2 - Review by Business Unit
49
The Heat Recovery product line includes recuperators,
economizers, and gas-to-gas heat exchangers.
Key figures
Contribution to our society
The contribution to the society of these units is the
following:
■ For APC units, the contribution is very perceptible for
the inhabitants of the surrounding areas : these units
drastically reduce the amounts of dust, acid gases
and other pollutants released into the atmosphere by
heavy industries.
■ For heat recovery units, they allow industrials to
reduce their energy consumption by recuperating the
heat carried by some fluids; lower amounts of fuel
burnt means less greenhouse effect gases released
into the atmosphere.
Organization
The business unit consists of three subsidiaries:
■ Hamon Research-Cottrell U.S. (HRCUS), specializing
in the design and supply of new air pollution control
units and Heat Transfer Fluid systems (HTF) for solar
steam generation systems (SSGS) on solar thermal
power plants.
■ Hamon Custodis Cottrell Canada, supporting both
HRCUS and Hamon Custodis activities in Canada.
■ Thermal Transfer Corporation (TTC), specializing in
the manufacturing of heat recovery systems, electrodes
for electrostatic precipitators and finned tube
bundles for Air Cooled Steam Condensers. TTC also
serves as a logistics base for HRCUS.
Research & development
The main R&D programs on which the business unit
worked in 2010 are the following:
• Solar Steam-Generating Systems (SSG): HRCUS has
continued to develop complete HTF systems to accept
hot oil originating in a solar field. This development
includes all expansion and storage systems, oil
purification or ullage systems as well as associated
controls. Current development is for 50 to 125 MW
units.
• ReACT Multipollutant Control System. HRCUS
adapted this process, licensed by J-Power Entech to
HRCUS, to suit the US market including standardization
of key components.
in EUR million 2010 2009
New order bookings 41,2 34,4
Revenue 46,4 68,0
Backlog on 31/12 27,5 30,8
EBIT 8,0 11,7
EBIT / revenue 17,3% 17,2 %
Average headcount 124 147
2010 results
Strong 4th quarter bookings overcame the recessioninduced
stagnant market in the first part of the year
2010. Full year bookings increased by approximately
20% from 2009 levels. With the advent of stricter
emission standards the NAFTA air pollution control
market began to show signs of recovery. The Business
Unit has been awarded limited notices to proceed on
projects that are expected to yield bookings of over
EUR 20 million in the first half of 2011.
Revenue fell, due to the timing of new orders which
impacted EBIT, but close attention to staffing and
project execution maintained the EBIT percentage
from year to year. A strict monitoring of headcounts and
an outstanding project execution allowed maintaining
the EBIT margin at a very high level (17%) from year
to year.
Outlook for 2011
It is difficult to make forecasts for this business unit.
Like in 2010, it might be penalized by a lack of clear
energy policy and regulation in the United States.
However the existing coal-fired power plants must be
maintained, via some refurbishing of equipment, which
is good for Hamon.