IDEA is among the Spanish engineering companies to have increased their international activity
IDEA is one of the Spanish engineering companies classified in the OILGAS specialised magazine’s famous annual ranking, which every year prepares a list of engineering companies depending on their business parameters.
One of the main conclusions of the report carried out by the prestigious journal is that there has been an international growth on the part of Spanish engineering companies, something that makes our market expand more and more. On the other hand, there has also been a growth in revenue with respect to the previous fiscal year.
Therevenue ranking is led by Técnicas Reunidas, one of our main clients with whom we have a fruitful relationship and with whom we have been working for many years on projects, both nationally and internationally.. Some of the most outstanding projects that we could mention is the one carried out in Alberta (Canada), a turnkey contract of 580 million Canadian dollars that North West Redwater Partnership awarded to TR for the execution of the light and sulphur recovery units, integrated in Phase 1 of the Canadian Refinery, or the EPC project developed in Kuwait in which we carried out the detailed engineering for the 3,000-ton metallic structure.
This way, at IDEA we continue to widen our experience, and to add turnkey projects to our track record, thanks to our professional EPC Department, a department that continues to grow at the same pace as offers, of which we have noticed a very significant increase over recent years Therefore, our goal is to provide our clients with comprehensive solutions that cover both preliminary and detailed design, as well as procurement management, construction and commissioning of facilities, under a zero error and 100% quality premise at all times.
A clear example of this is the major project we are carrying out for MOS INDUSTRIAL in France. What is it about? Click here to for full details on the SCR Building EPC project on Reunion Island, and we will leave you with a short video to bring you up to date with works completed to date:
OILGAS’ April report also provides an overview of planned global investment in the energy industry. The information is based on the main conclusions reached by 2017 World Energy Outlook, prepared by the International Energy Agency , which foresees an increased need for investment in the energy sector,with fossil fuels accounting for 54% of estimated investment.
The Oil-Gas sector, meanwhile, continues to expand, meaning Spanish companies are growing at the same time. Accumulated turnover has risen by 11.2% with respect to the previous year, which shows a highly favourable sector performance for companies, generating the possibility of consolidating the presence of these engineering companies in the international field.
Técnicas Reunidas, together with Abengoa, TSK Group, Sener and Duro Felguera account for more than 65% of business turnover, while the remaining 31 companies account for 34% of the turnover.
The ranking, which is made up of a total of 36 companies, includes another of our most loyal clients, Zeta Gas, with whom we are currently working on the project for a new liquefied gas storage and distribution plant in Murcia. An investment of more than €70 millionto build two industrial complexes, one for storage by means of spheres and the other for bottle and tank filling and packaging. A project that will lead to the creation of more than 100 jobs in the Region of Murcia. Click on the project to see the scope of the industrial complexes.
IDEA continues to take steps to maintain its position as an engineering benchmark within the sector, and a pioneer in Industry 4.0, but all this would not be possible without the trust placed in us by all our clients. Thank you all once again for making us The Engineering Company of the Future in the Present.