2009 Annual Report - Toromont Industries Ltd.
2009 Annual Report - Toromont Industries Ltd.
2009 Annual Report - Toromont Industries Ltd.
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6 | TOROMONT <strong>2009</strong> ANNUAL REPORT<br />
Enerflex <strong>Ltd</strong>. is the new name for<br />
our natural gas and process<br />
compression business formed<br />
from the combination of Enerflex Systems<br />
Income Fund, acquired January 20, 2010<br />
and <strong>Toromont</strong> Energy Systems.<br />
As one company, Enerflex provides<br />
what we believe are the scope, scale and<br />
expertise necessary to address market<br />
challenges and deliver value to our<br />
customers and shareholders over the long<br />
term. On that basis, we are proud to<br />
present the Enerflex company profile.<br />
lEAding ApplicATiOnS<br />
From the well-head to the pipeline,<br />
Enerflex is a market leader in engineering,<br />
manufacturing and servicing highly<br />
specified equipment for a diversified<br />
mix of customers, including many of the<br />
largest energy exploration and production,<br />
chemical and petrochemical companies<br />
in the world. Enerflex also has expertise<br />
in providing gas compression and<br />
processing facilities to our customers on<br />
a turn-key basis and through alternative<br />
delivery models such as ‘build-ownoperate-maintain’<br />
contracts like a recent<br />
project in Oman.<br />
Our corporate roots stretch back 30<br />
years and over this time, we have<br />
amassed knowledge from manufacturing<br />
several million horsepower for upstream,<br />
midstream and downstream applications.<br />
Midstream markets represent about<br />
75% of our pro-forma revenues. Once a<br />
well is drilled and completed and the<br />
upstream portion of a project is finished,<br />
Enerflex provides compression packages<br />
to increase well-head pressure and for<br />
gas gathering, pipeline and storage<br />
facilities for both conventional and<br />
An Enerflex Combined Heat and Power Unit (CHP) produces energy using alternative<br />
fuel in Rijsenhout, Netherlands.<br />
unconventional resource plays around<br />
the world.<br />
In this market segment, we also provide<br />
producers with industrial refrigeration<br />
packages, amine plants (where CO 2 and<br />
hydrogen sulfide are removed from natural<br />
gas), dew point plants and cryogenic plants.<br />
Our downstream markets include<br />
power generation, petrochemical, natural<br />
gas distribution and storage facilities.<br />
lEAding SERvicE<br />
In all customer segments, our customers<br />
rely on us not just for equipment designed<br />
to maximize production and compressor<br />
throughput, but for ongoing customer<br />
support. On a pro forma basis, product<br />
support represents some 25% of our <strong>2009</strong><br />
pro forma revenue.<br />
Contributions from our preventative<br />
maintenance, parts and service business<br />
are important for our future because they<br />
help to offset energy cycles that affect<br />
customer spending on new equipment.<br />
Of equal importance, customer service<br />
creates customer satisfaction and the<br />
potential for new equipment sales.<br />
Today, we have over 400 service<br />
technicians across 28 locations and in<br />
six countries, along with over 300<br />
field-service trucks – an infrastructure<br />
that makes Enerflex a reliable 24/7<br />
supplier to customers around the world.<br />
lEAding mARkETS<br />
Another key strength for our future is<br />
geographic diversification. We operate in<br />
four major regions. Our largest market,<br />
Enerflex provided equipment for the phase two expansion of this<br />
natural gas compression station in Injune, Queensland, Australia.