Building on diversity Renco

BuILDIng on DIvERsITy

Renco is an Italian construction and engineering company that has a fast-growing product portfolio. Today Renco is building on its success in sectors such as renewable energy, power production and storage systems, as well as construction and infrastructure. Philip Yorke reports on the latest developments at Renco and its focus on supplying technical personnel, as well as its strong growth in the photovoltaic, oil & gas markets.

Renco SpA is headquartered in Pessario, central Italy, where it was established in 1979 by Mr Ronaldo Gasparini, and started out as a design and engineering organisation for the oil and gas industry. Following many years of consistent growth the company began to diversify in the 1990s, when it entered the construction market and began building residential facilities in Kazakhstan and Russia.

Currently the company is divided into four distinct operating divisions: industrial plants, infrastructure, services and asset management. Renco’s Industrial Plants division focuses on turnkey EPC contracting, as well as the installation of upstream oil and gas plants, including gas compression and storage systems. This specialised division also supplies services to the renewable energy industry for wind farms, photovoltaic systems and hydroelectric facilities.

With countless major projects currently being undertaken in more than 50 countries worldwide, Renco has grown to become a significant global player in its chosen disciplines. Today the company’s mission is to provide best-in-class, customised and integrated technical services, designed to place Renco in a leading global position in the markets that it serves. The company is fully certified according to ISO9001:2015 and ISO 14001:2105 standards, as well as to OHSAS 18001:2007. In 2017 the Renco Group recorded sales of more than €200 million and employed over 4000 people.

unrivalled expertise

Since its foundation in 1979, Renco has strived to deliver efficient, cost-effective solutions through its unrivalled expertise and knowhow, as well as via its innovative practices and proven solutions, all of which are tailored to suit each client’s individual needs.

Continuing to build on its many successes, Renco was recently awarded another major EPC contract involving the design, manufacture and installation of a number of compressor stations, which are to be built in Greece and Albania. This significant contract was awarded to Renco by its client, TAP, and covers the provision of engineering, procurement, construction and commissioning of compression stations at Fier and Kipoi, as well as a metering station at Billisht. The metering station was designed to measure the natural gas coming from the Greek station of TAP. More recently, Renco was also awarded a similar TAP contract for EPC in Italy, involving the main pipeline terminal.

Winning in Astana

For the three months from June to September 2017, Italy was represented at the 2017 ‘Energy of the Future’ Expo, which took place in Astana, the capital of Kazakhstan. Renco won the contract for the design and building of this prestige expo country presence and created a stand that covered over 900 square metres and was one of the biggest stands of the entire expo.

Renco was only given a window of three months in order to design and produce the vast stand for Italy. The President of the Renco Group, Mr Giovani Gasparini, commented, “I was confident from the start that Renco would complete the project successfully in favour of our country, for an event that caught global attention since the theme was energy, a subject which is very much at the heart of Renco’s operations.”

The Italian Ambassador in Kazakhstan, Mr Stefano Ravagnan, commended Renco on its innovation, professionalism and the hard work it carried out for the 2107 Expo in Astana.

expanding global presence

Following its successful village building project in Mozambique, where Renco designed and built an complete holiday complex, the company has increased its focus in the region to include the oil and gas sector, where recently important oil and gas reserves have been discovered. This is very much in line with the company’s expansion strategy in which, having established a presence in one market, it is following this up with involvement in others.

Renco’s ambitious plans for growth include increasing its presence in Iraq and the United Arab Emirates to serve the oil and gas industries. Currently the geographical markets served by the company include Kazakhstan, Armena, Congo, Russia, Tanzania, France, Poland and Columbia. The type of activity varies from country to country. For example, in Armenia, Renco is active in the construction sector, whilst in the Congo it is operational in the field of oil and gas.

Gasparini said, “In the short term I see the future as unfolding in terms of organic growth, while in the medium and long term, acquisitions could be making a significant contribution. Our various divisions generate and facilitate work for each other, in addition to offering savings, which we pass on to our clients, as many of our overheads are shared. This is a winning business model because it balances cashflow, as well as creating synergies that we can use for future growth.” n

For further details of Renco’s latest innovative products and services visit: www.renco.it