Annual Report 2010 - Scana Industrier ASA

More documents

Recommendations

Info

30Annual Report 2010 Scana Industrier ASAManaging director: H. B. NohSCANA KOREA HYDRAULIC LTD.The company develops, manufactures and supplies systems for remote control of valves in cargo,ballast and other systems for ships, offshore vessels and permanent offshore installations.The LNG-ship Iberica Knutsen was built at the Daewoo shipyard in South Korea. Scana Skarpenord AS and Scana Korea has supplied systems for remote control forboth this and several other ships in the Knutsen OAS fleet.Scana Korea was established as a joint venturecompany in 1998. The company was at the time aminor supplier of valve remote control systems in Korea.At present, the market share in Korea has reachedapproximately 25 %. Consequently, the company is the2nd largest local supplier in Korea. Scana’s ownershipis 49 %.In 2010, the company has renewed the highest possiblequalification among Samsung shipyard suppliers. Thecompany’s order intake in 2010 is strengthened as aresult of good competitive power and several contractsin South Korea, securing a robust order reservefor 2011. By the end of 2010, the company had 50employees and a turnover of NOK 180 million and asatisfactory operating result.Markets and customersScana Korea’s key customers are shipyards that buildlarger types of ships, such as tankers, LNG tankers,LNG carriers, LPG carriers, bulk carriers and largeoffshore vessels, such as FPSOs (production ships),rigs etc. The main customers are currently shipyardsat Hyundai, Samsung, DSME, STX, Hyundai-Mipo,Hyundai-Samho, SPP and other medium and smallsized shipyards in Korea.In 2010, the company successfully completedsophisticated valve remote control systems to two hugeFPSO projects (Pazflor and Usan). In 2011, the CLOVproject will be of prominent importance. Major Koreanshipyards are working on several offshore projects thatScana Korea Hydraulic Ltd. will tender for.Products and servicesNo other products or technologies can currently besubstituted for the company’s products. They willgenerate a high level of interest in the foreseeable future.The company includes tank level gauging systems in apackage delivery with valve remote control systems, andas a result, the contract volume per project is increased.
31Scana has once more succeeded in achieving “Samsung Q Gold Mark” at the Samsung shipyard in Korea. This is the highest possible qualityachievement for a supplier to Samsung. Companies in all Scana’s business areas supply products and services to the great shipyards in Korea.Contracts for new ships in the global market has been increasing since 2010. Korea has a prominent position in construction of advancedvessels for transportation of oil and LNG, container ships and drilling and production units for the oil & gas business.Annual Report 2010 Scana Industrier ASA
Page 2 and 3: 3 THE SCANA GROUP4 Objectives and m
Page 4 and 5: 4Annual Report 2010 Scana Industrie
Page 9 and 10: Historical highlights1652Scana’s
Page 11 and 12: 11Annual Report 2010 Scana Industri
Page 18: 18Annual Report 2010 Scana Industri
Page 21 and 22: Managing director: Sten IsraelssonS
Page 25 and 26: 25The product area Scana Propulsion
Page 46: 46Annual Report 2010 Scana Industri
Page 49 and 50: 49Scana GROUP Cash flow STATEMENT(N
Page 51 and 52: 51notes group 2010Note 1. Group acc
Page 53 and 54: 53Acquisition cost for tangible fix
Page 55 and 56: 55Where the group expects some or a
Page 61 and 62: 61Tax included in the total result:
Page 63 and 64: 63Scana Offshore Vestby Scana Offsh
Page 65 and 66: 65Remuneration to key personnel (gr
Page 67 and 68: 67Share option programmedecided in
Page 73 and 74: 73Note 20. Leasing obligationsOpera
Page 75 and 76: 75In 2010, Scana was affected by ca
Page 77 and 78: 77The table below shows the effects
Page 79:
79The table below shows the valuati
Page 82 and 83:
82Annual Report 2010 Scana Industri
Page 84 and 85:
Page 86 and 87:
Page 88:
Page 92 and 93:
Page 94 and 95:
Page 96 and 97:
Page 98 and 99:
Page 100:
Scana Industrier ASAStrandkaien 2,
show all

Annual Report 2010 - Scana Industrier ASA

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?