Sophiane - 1998 annual report - Vinci
Sophiane - 1998 annual report - Vinci
Sophiane - 1998 annual report - Vinci
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Dieter SUBRYSS<br />
Breakdown of net sales<br />
by line of business<br />
Thermal insulation (both<br />
industrial and nuclear)<br />
represents 80% of the<br />
business in this line.<br />
The petrochemical sector,<br />
one of <strong>Sophiane</strong> Insulation’s<br />
main business sectors.<br />
<strong>Sophiane</strong><br />
Insulation<br />
Michael RADECKE<br />
Industrial thermal<br />
insulation 72%<br />
Nuclear thermal<br />
insulation 8%<br />
Noise control 14%<br />
Ship outfitting 4%<br />
Pre-insulated<br />
pipes 2%<br />
With consolidated net sales of 445 million<br />
euros in <strong>1998</strong>, 4,600 employees and<br />
90 establishments in Europe (notably in France,<br />
Germany, the Netherlands, Belgium and<br />
Sweden), the Insulation line accounts for about<br />
half of the <strong>Sophiane</strong> Group’s business.<br />
In <strong>1998</strong>, industrial and nuclear thermal<br />
insulation markets, on which <strong>Sophiane</strong>’s<br />
companies occupy leading positions in their<br />
respective segments, were not very dynamic in<br />
France and Germany, but offered substantial<br />
growth in Eastern Europe.<br />
The ship outfitting and pre-insulated piping<br />
activities, which have solid technical expertise,<br />
took advantage of a favourable market<br />
environment and won several large contracts.<br />
The industrial noise control activity, having<br />
positioned itself in more promising niches,<br />
also had a satisfactory year.<br />
9
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