CORPORATE
Partners:
VISION
COMPLETE LINE OF SERVICES BEYOND OIL & GAS FROM LATIN AMERICA
Written by Mateo Rafael Tablado
Produced by Jassen Pintado
Interviewee Daniel Lucio, Presidente de Grupo Summum
SUMMUM
ENERGY
Integrated services offered by Summum go well beyond the energy and infrastructure sectors, gaining more reach day after day. The company has new horizons after establishing a name for itself in Colombia, Mexico and Peru.
I
n mid-2016, the Tiger Companies
in our business lines. Summum
business group was rebranded
is a young brand supported by
as Summum. The corporation is
different companies’ successful
preceded by successful ventures
careers; besides the brand’s
going back more than 50 years
short time, Summum is already
through a series of mergers, acquisitions,
an authority within our sector
partnerships, divisions and other
in the three countries where we
movements as a result of transformations
operate,” commented company
experienced within the energy sector in
president Daniel Lucio.
Latin America along these decades. The Summum Energy and Summum
Daniel Lucio, a lawyer, took
Projects divisions are deployed along
the reins of Grupo Summum
Colombia, Mexico and Peru, serving the
(formerly Tiger Companies).
energy sector with high demand in the
Lucio attended Universidad
oil & gas and energy generation sub-
de La Sabana and afterwards
sectors through a wide variety of services.
specialized in employment law at
In the same fashion, the company offers
Universidad del Rosario. Lucio
engineering services also to mining,
completed an MBA between
infrastructure, construction and other
2017 and 2019 under a Tulane
business activities.
University (U.S.) program.
“We have focused on becoming stronger
4
It was five years ago that
September 2020
SOLID, STRATEGIC PRESENCE ACROSS LATIN AMERICA Summum’s corporate
services. Five years afterwards, both offices became able to purvey the complete line of
headquarters are located in
integrated services offered
Colombia, and the company’s
in Colombia.
efficient performance resulted
Una empresa que conecta - Summum ¡Porque nosotros lo hacemos mejor!
In the case of the Peru branch,
in opening offices in Mexico
the opening resulted from the
and Peru ten years ago offering
company first venturing into
some of the company’s
a refinery project, and it has
Summum Energy and Summum Projects of fer integ rated ser vices from the co m p a ny’s h e a d q u a r te r s i n Co l o m b i a a n d a l so f rom of f ices i n Mex ico and Pe r u
w w w.the b os tonb r.com
5
SUMMUM
ENERGY
“SUMMUM IS A YOUNG BRAND SUPPORTED BY DIFFERENT COMPANIES’ SUCCESSFUL CAREERS, SUMMUM IS AN AUTHORITY WITHIN OUR SECTOR IN THE THREE COUNTRIES WHERE WE OPERATE” - Daniel Lucio, President at Summum
already increased its client
with support from all three
portfolio, as it happened in
branches, no matter where the
the other locations, growing
project is located.
from design and engineering
“When hiring Summum
to ongoing operations such
in Mexico, projects are also
as supervision and operation
supported from Colombia and
surveillance, oil conveyance and
Peru, and likewise if working
other downstream, midstream
at Colombia or Peru. Our
and upstream tasks.
entire team is aware of
This solid presence provides Summum of strategic locations
experience, opinions and
in the region’s energy market
collaboration from professionals
with a workforce above 1,200
able to contribute,” the
employees, resulting in every
executive explained.
operation being able to count
6
September 2020
ongoing projects: we share
T h e co m p a ny’s m ate r i a l re s o u rce s a l o n g w ith an ex pe r ienced wo r k fo rce have taken the company to take pa r t i n i mpo r tant projects in Colombia and Latin Amer ica
OIL & GAS AND MUCH MORE… WITHIN BUDGET The energy industry would hardly count with a better partner than Summum Energy. This division’s integrated services offer within this sector allows the company to take part in any phase of large-scale projects, and as a result, it has become an authority in the business, involved in Colombia’s most important projects for facility installation, production, and oil & gas conveyance. On its behalf, Summum Projects and its engineering unit have been involved not only in fossil fuels projects, but in recent
years this division’s experienceds pecialists have also taken part in ambitious renewable energy projects, a new market for this division. Summum stands out for going the extra mile beyond what contracts stipulate. The company’s thorough understanding of entire operations and processes allow for detection of improvement opportunities. “We’ve put our money in our engineering unit for operation surveillance, being day in and day out in every project, for supervision, for being on the management aspect of projects. We’ve earned an important position also at this level,” Lucio shared.
w w w.the b os tonb r.com
7
Accelerate your company’s digital transformation, while driving and enhancing innovation in your business processes. In Consultoría Organizacional we are experts in the implementation of technological solutions.
We prepare your company to face current and future challenges! • Development and innovation with emerging technologies • Process robotization RPA • Payroll BPO • Cloud infrastructure solutions • Outsourcing of technology personnel • Licensing, consulting and supporting SAP solutions
www.consultoriaorganizacional.com servicioalcliente@consultoriaorganizacional.com
SUMMUM
Perfíl de Proveedor
ENERGY
Global standard compliance from Summum within the different industries it’s involved with, position the company at
N u m b e r o f E m p l o ye e s : 16 5
the same level of the top five companies
Ye a r E s t a b l i s h e d : 2000
operation security, bringing added value to
Industr y: S e r v i c i o s d e Te c n o l o g í a Ser vices: P r ove e d o r e s d e s o l u c i o n e s te c n o l ó g i c a s President: J u a n C a r l o s A r a n g o, G e r e n te G e n e r a l We b P a g e : w w w.c o n s u l to r i a o r g a n i z a c i o n a l .c o m
worldwide, regarding quality, efficiency and clients at competitive prices. AT THE FOREFRONT OF DIGITAL SOLUTIONS AND TECHNOLOGY Summum counts with different types of assets to support oil production, equipment is continuously being renovated and up to date. The new addition to Summum’s inventory is its Rapid Service Unit, ideal for underground tasks, with the idea of comprising an entire fleet of Rapid Service Units. In other areas, Summum’s TI department is supported by latest-generation software to operate in the different services the company offers, as working with up-to-date tech resources is a standard for Summum. SUMMUM INNOVA AND BIG DATA Integrating new machinery and equipment able to obtain data, with
w w w.the b os tonb r.com
9
SUMMUM
ENERGY
“OUR ENTIRE TEAM IS AWARE OF ONGOING PROJECTS: WE SHARE EXPERIENCE, OPINIONS AND COLLABORATION FROM PROFESSIONALS ABLE TO CONTRIBUTE”
software performing actual analytics and interpretation of this information in order to create solutions able to deliver a better product is a task in charge of Summum Innova. This area was established in early 2019 and it has brought results already both within company operations as well as in delivering more and better information derived from big data for clients. Also, new apps have been developed to report accurate, real-time data. “Summum Innova is a new area in charge of managing, stimulating and generating innovation among the entire organization. The idea is to create short-term goals, driving individuals to propose new and improved ways to
- Daniel Lucio, President at Summum
operate through our resources, through self-generation and co-generation processes able to deliver added value to our clients. Everyone out there working day-to-day in every project is coming up with ideas and creating new opportunities,” said the company president.
10
September 2020
The company sets sight in new hor izons in Latin Amer ica, Canada and the United
THE IMPORTANCE OF TRAINING Workforce development is also a very important aspect in Summum. This area sets goals and creates training programs. The training and updates portfolio is wide as resources and methods to impart every training. In certain areas, the company detects outstanding talent for certain tasks, resulting in employees who master a certain skill becoming trainers to fellow employees. High acceptance of employee-taught training has led to these programs prevailing through the years. Hours of training per employee are fixed goals in this area. In 2019, Summum accumulated 21,000 hours of training, a 41% increase from 2018. The company also offers the necessary resources for individual self-training programs. NEW HORIZONS IN SIGHT Summum still has a lot to offer to the markets in Colombia, Mexico and Peru. Nevertheless, the rest of Latin America and North America are always under radar. A special interest in the Canada and U.S.
w w w.the b os tonb r.com
11
www.fisa.com.co
Bogotá – Colombia – South America
We are a Colombian company with more than 40 years of experience supplying the highest quality equipment and tools for industrial assemblies and maintenance.
market has been raised after
the oil & gas industry, with the
engaging in successful ventures
company’s three main markets
in these territories. The company in the region being taken care of. keeps contact with clients in North America, being on the
in the markets we are set at, and
lookout for new opportunities
we are also interested in current
that could benefit Summum
developments in North America,
Projects, the business group’s
where we can still add value.
engineering unit.
We are also watchful of markets
Ecuador, Central America
September 2020
in Ecuador, Central America
and the Caribbean are also very
and the Caribbean, Bolivia and
attractive markets for Summum
Argentina,” Lucio explained.
after witnessing the growth in
12
“We have a strong presence
POSITIVE RESULTS AMIDST GLOBAL EMERGENCY As it is widely known, 2020 came along with more than a few question marks, most brought by the COVID19 pandemic, forcing businesses to adjust operations as well as expectations. The company reported $130 million in sales for 2019, its best in ten years; which resulted in
E xper ts at Summum Projects contr ibute to dif ferent secto r s, such as infrastr ucture
setting high goals in revenue and profitability for 2020. But the oil & gas industry worldwide was affected by low prices derived from a decreasing demand. Summum could adjust its goals and is currently on course to a strong finish finance-wise and with double-digit profitability. “We are currently in a good position. All of the problems are behind; we had to stop, adjust and keep going forward,” the executive said.
BRIGHT FUTURE AHEAD Moving forward to 2021, Summum has good expectations, foreseeing a 15% to 20% sales increase. There’s excitement about future projects for the company: • Possibilities for further projects in the United States and Canada. • Being in the final stage of a tender for a second-generation ethanol fuel production plant in North America, along with other non-
w w w.the b os tonb r.com
13
SUMMUM
ENERGY
“THE IDEA IS TO CREATE SHORT-TERM GOALS, DRIVING INDIVIDUALS WORKING DAY-TO-DAY IN EVERY PROJECT ARE COMING UP WITH IDEAS AND CREATING OPPORTUNITIES” - Daniel Lucio, President at Summum
Besides oil & gas, Summum Energy is al so tak ing par t in renewable energy projects
14
September 2020
FOUNDED:
conventional energy projects,
1992
and also being in the final stage
NUMBER OF EMPLOYEES:
gas project, the refurbishment of
1,300
of Latin America’s largest oil & the Talara refinery in Peru. • Taking part in an oil & gas
INDUSTRY:
storage and conveyance project
ENERGY
through pipelines and a power plant in Colombia’s Pacific coast. • Increase the company’s workforce from 1,300 employees to 1,500 and 1,600 during 2021. “The last four years we’ve projected ourselves toward accomplishing the goals we set for the last five-year plan: strengthening our business lines within the three territories we are settled in, and substantially increasing our profitability year in and year out,” Daniel Lucio concluded.
w w w.the b os tonb r.com
15
www.summumcorp.com
Powered by
Boston Business Review
w w w.thebostonbr.com