TPF GROUP / ACTIVITY REPORT 2008
TPF GROUP / ACTIVITY REPORT 2008 page 2
Contents
FOREWORD
3
ORGANIZATION CHART
10
HIGHLIGHTS FOR THE SUBSIDIARIES
13
EUROPE Belgium TPF Engineering
14
B.E. Hubert Louis
22
Bagon Ingénieurs-Conseils
24
TPF-Basse Sambre
26
TPF-Utilities
28
Grand Duchy of Luxembourg TPF Luxembourg Spain
30 31
France Beterem
32
Secmo
36
Poland E&L Architects
38
Portugal TPF Planege
40
Romania TPF Romania
43
ASIA India S.N. Bhobe & Associates Pvt. Ltd
44
AFRICA Algeria TPF Algérie
48
Angola TPF Angola
PRESENTATION OF THE ACCOUNTS
49
51
Consolidated balance sheet
52
Consolidated profit and loss account
54
FOREWORD
page 3 TPF GROUP / ACTIVITY REPORT 2008
In 2008, the economic crisis had little effect on TPF and we are going into 2009 under favourable conditions
Financial result In 2008 we decided that particular attention should be paid to strengthening TPF’s financial position. The result is a favourable change in four financial factors essential for the life of the group, as follows : ■ ■
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Sales increasing from 74 million euros to 80 million euros. Operating margin (EBITDA) showing a strong increase from 5.26 million euros to 8.2 million euros. Reduction on net bank debt from 28.69 million euros to 19.8 million euros. This has resulted in the EBITDA/net bank debt ratio being reduced from 5.45 to 2.42. Low level of goodwill remaining to be amorticised, 2.04 million euros compared to a total equity of 20.20 million euros.
What happened in 2008 ? ■
■
■
■
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In the engineering sector, progress was made particularly tangible by the increase in the number of people employed, from 770 units at the beginning of 2008 to 1000 units at the end of 2008. We should state that at the end of 2008, it was India that had the largest number of employees (260 persons), just passing Belgium by a short head (250 persons). In Africa, two new subsidiaries have been created : one in Angola, the other in Algeria. At the end of 2008, TPF was able to make a new acquisition : the Belgian engineering firm Bagon Ingénieurs-Conseils, and its 17 employees have joined our teams. The expertise of Bagon Ingénieurs-Conseils, more particularly in the field of infrastructures, has increased our wealth of experience in this field. In the “Utilities” sector (water and energy), the most notable event is without a doubt, the drawing up of the Green Fund, funds raised by the Degroof bank, set at 47 million euros and managed by TPF in association with Transcor, a member of the Groupe CNP. The Green Fund has been used to invest in various renewable energy projects in several European countries, with a particular emphasis on those where TPF is already active. In the turnkey sector, the drastic selection process for projects has continued with the result in a drop in our annual turnover. In our cogeneration units we have also noticed a reduction in the amount of electricity produced caused by the high price of gas.
FOREWORD
We shall now look at the major events marking the life of the TPF group in 2008.
EUROPE Belgium Engineering Division TPF Engineering, Bureau d’Etudes Hubert Louis, Bagon Ingénieurs-Conseils Operationally, 2008 was a good year for this strong division of 125 employees. Nevertheless, at the start of the year this sector of activity was marked by a sharp drop in the growth of new projects in property development, and over the summer, orders fell drastically in the industrial sector. On the other hand, we should state that there was a limited recovery in the food industry in November 2008. These sharp falls ended in a drop in prices. Crowned with success until then, TPF’s strategy has continued without let up : ■ Now concentrating more on the markets where expertise is the essential element. ■ Diversifying the customers in the public sector, by offering a range of services that exceed the sole criteria of price. ■ Endlessly finding ways of offering competitive and attractive prices. Here are three successful applications of this strategy: ■ Carrying out the execution plans for the new nuclear power plant in Flamanville (France). These have a high degree of sophistication and strict requirements relating to safety. Only a company that has a faultless organisation and a high level of competence is able to meet this type of order. ■ Bordet hospital in Brussels This new cancer treatment centre will become one of the European benchmarks in this field, and has awarded all of the technical utilities studies to TPF Engineering and Beterem. Beterem, with its very strong expertise in hospitals, has been associated with all phases of the contract, and this probably made all the difference during the selection process of the projects for which we put in tenders. ■ Studies for the US Army The US Army has been a loyal customer for several years, and it has strict and very particular requirements regarding the confidentiality and security of its projects. Our organisation has been able to meet these criteria. We should also add that we have been able to present our projects in impeccable English.
TPF GROUP / ACTIVITY REPORT 2008 page 4
FOREWORD
page 5 TPF GROUP / ACTIVITY REPORT 2008
The acquisition of the engineering firm Bagon Ingénieurs-Conseils, who has a complementary expertise in infrastructures to that of TPF, responds to the same strategy : to strengthen our expertise wherever we are present, in buoyant sectors that demand a high level of competence. All this has allowed us to approach 2009 with relative calmness, whilst remaining particularly vigilant and reactive in the sub-regions and sectors that have been strongly affected by the economic crisis. Finally we should add that thanks to sustained commercial efforts, the order book for 2010 is filling up as normal.
Utilities Division TPF-Utilities, TPF Econoler, Socageth Our Utilities Division has continued its growth strategy along its main strong areas : ■ ■ ■
Design, management and operation of installations, Water and energy sectors, Renewable energies.
In the fields of design, management and operation of installations, the operational year went well, although the last quarter of 2008 recorded the start of a downturn, especially in the steel industry. The safety certification OHSAS 18000 (Occupational Health & Safety Assessment Series), obtained this year, has consolidated TPF’s professionalism even more, which is also significantly growing in renewable energies. We should mention the obtaining of two important contracts in 2008 relating to : ■ ■
The installation of wind turbines in Kenya, the first in this country, The partnership with Transcor and Degroof for managing a fund to be used for investing in biomass, wind and hydroelectricity projects.
The prospects on this subject are looking very promising for 2009.
Turnkey Division TPF-Basse Sambre Our subsidiary TPF Basse Sambre had a stable year, during which several contracts were concluded satisfactorily. At the end of four years of negotiations, a contract of over 40 million euros has been obtained for the complete renovation of the fire safety system of Sonatrach’s largest gas liquefaction complex in Algeria. The project will last over 3 years.”
FOREWORD
Grand Duchy of Luxembourg TPF has been operating in the Grand Duchy of Luxembourg from Belgium for around ten years, mainly in the food industry sector. In 2008 our wish became reality : to increase our growth and in the long term become a significant player in the Luxembourg market through the company TPF Luxembourg. This breakthrough was at first started mainly in the field of technical utilities for buildings, and it is continuing hand in hand with the commitment of our workforce: TPF Luxembourg currently employs six people.
Spain TPF did not invest in new energy installations in 2008 but mainly concentrated on updating and optimising the existing installations. The portfolio of installations for which TPF is a shareholder is made up of : â– â–
Cogenerating power plants An olive residue processing plant
France With an annual turnover of 22,023,664 euros and a net profit of 1,182,189 euros, the year has proved to be excellent for Beterem, on the same level as 2006, but not reaching the exceptional results of 2007. As for the recently acquired Secmo, it has recorded excellent results : its annual turnover reached 2,077,721 euros with a net profit of 311,527 euros. At the end of 2008, Beterem and Secmo were employing a total workforce of 220 people. The start of the recession in 2008 has led to one positive effect: the taking on of around fifty qualified employees who had suddenly lost their jobs and were available on the market. Combined staff turnover led to a net increase in the workforce of 20 people. This has allowed our companies to reduce the use of subcontractors in the second half of 2008 and so to refine the structure of their organisation. In spite of an unfavourable situation, given the efforts made, 2009 will only suffer a slight fall in activity and fortunately this will be accompanied by an initial breakthrough on the international front.
TPF GROUP / ACTIVITY REPORT 2008 page 6
FOREWORD
page 7 TPF GROUP / ACTIVITY REPORT 2008
Poland TPF’s activities in the architecture and infrastructure consultancy sectors grew, with an excellent year from an operational and financial point of view. In office buildings and residential complexes, the dynamism hardly flagged throughout 2008, despite administrative difficulties. Infrastructures have recorded an accelerated growth over the last few years. E&L Architects with the support of TPF Planege has successfully established itself as a heavyweight player in carrying out road and rail infrastructure projects. This expertise has been added to our breakthrough in the field of water : we are in charge of an assignment providing technical support and supervision of the construction work relating to the construction of two wastewater purification plants.
Portugal The change in strategy, decided on four years ago, to diversify regarding project management has plainly borne fruit this year. Thanks to the design activity and subcontracting for projects in Algeria and Angola, we can show a slight increase in annual turnover of 12,784,113 euros, but above all, an increase in profits rising to 1,002,412 euros, compared to 242,764 euros in 2007. TPF Planege has 140 employees. The strengthening of this strategy was made tangible at the beginning of 2009 by the acquisition of the P&V company specialising in the design of infrastructure projects. This company employs around fifteen people.
Romania The management change carried out in 2007 and the new strategy implemented has allowed TPF Romania to break even in 2008, which has not happened for several years. By mid-2008, the forecasts were allowing us to believe in a mainly positive result for 2009. Since then the drop in property activity and the reduction in the number of large public projects have led us to revise our forecasts downwards and to concentrate our efforts on breaking even again. TPF Romania employs 15 people.
FOREWORD
ASIA India In India our activity is rapidly expanding because, to take just one indicator, the workforce, with 80 employees in mid-2006 (when we acquired the company), reached the figure of 260 at the end of 2008, and is currently 320. In an admittedly less gloomy situation than in western Europe, but still nevertheless affected by the recession, a two-fold strategy is the basis of this performance : â–
â–
The diversification of the type of work leading to a strong penetration into the road and railway infrastructures sectors. The size of the country : on its acquisition, SN Bhobe was only established in Mumbai. We currently have locations in Pune and Nagpur (State of Maharashtra), Bubaneshwar (State of Orissa), Bangalore (State of Karnataka), Delhi (State of Delhi), Surat (State of Gujarat), Goa (State of Goa) and Anuppur (State of Chatisgarh).
AFRICA Algeria In this country, with its abundance of energy resources, the essential element is to have modern infrastructures. We created a subsidiary here in 2008, and it is currently active in carrying out two major railway projects. For 2009, the objective is to expand the activity and to progressively create a multidisciplinary subsidiary. TPF Algeria employs 10 people.
Angola Given the rapid development of this country, and in support of our ever-expanding Portuguese subsidiary, the decision was taken to create a subsidiary in Angola. Immediately we were awarded various projects : supervision of the construction of a cement plant, road layout plans, design of urban plans and supervision of the construction of new cities, as well as the construction of new buildings. Our subsidiary has 20 employees.
TPF GROUP / ACTIVITY REPORT 2008 page 8
page 9 TPF GROUP / ACTIVITY REPORT 2008
FOREWORD
From mid-2005 to the end of 2008, TPF did not make any significant acquisitions. In fact, in the current situation, this most often occurs at prices that are completely disconnected from economic reality. So TPF is able to tackle the difficult years to come with an efficient organisation, a healthy balance sheet and a full order book.
Thomas Spitaels Chief Executive Officer
Christophe Gilain Managing Director
In addition, with its subsidiaries in five western European countries (Belgium, Luxembourg, France, Spain and Portugal), two in eastern Europe (Poland and Romania), two in Africa (Algeria and Angola) and one in Asia (India), TPF has a good spread of risks. We should note that in Spain our only activity is energy production. Thanks to this geographical spread and, apart from any unforeseen unfortunate event at this stage, the growth of TPF should continue to develop even more in the future. Regarding the number of people employed, at the end of March 2009 TPF employed 100 more people compared to the end of 2008, the total rising to 1100 units and, in December 2009, no less than 1250 people will be employed. In two years, the group’s workforce will be increased by around 500 units. This result is even more spectacular considering that, at the beginning of 2009, we only made one acquisition : that of P&V in Portugal, specialising in the design of infrastructures and whose workforce is just fifteen employees. We would like to express our grateful thanks to all the employees of the group for the work they have done. Their professionalism and enthusiasm gives us support in our will to forge ahead.
ORGANIZATION CHART
TPF GROUP/ACTIVITY REPORT 2008 page 10
Simplified organization chart of the TPF group 100 % Engineering 100 % Realization - Operation in the water and energy sectors
EUROPE Belgium
100 %
TPF Engineering
91,5 %
TPF-Utilities
100 %
B.E. Hubert Louis
91,5 %
TPF-Econoler
100 %
Bagon Ingénieurs-Conseils
100 %
Socageth
100 %
TPF-Basse Sambre
70,5 %
Econoler
70 %
Gensabon
35 %
Mesogen
31,5 %
Bioenergetica Egabrense
83 %
Beterem Ingénierie
51 %
E.S.O.
83 %
Beterem RAC
91,5 %
TPF-Utilities
83 %
Beterem SI
83 %
Beterem Maintenance
83 %
SECMO
66 %
TPF International
Spain
France
Grand Duchy of Luxembourg
ASIA Poland
100 %
E&L Architects
Portugal
94,4 %
TPF Planege
51 %
S.N. Bhobe & Associates Pvt. Ltd
Algeria
97 %
TPF Algérie
Angola
93,4 %
TPF Angola
India
AFRICA Romania
99,8 %
TPF Romania
EXECUTIVE COMMITEE
page 11 TPF GROUP / ACTIVITY REPORT 2008
Composition of the Group Executive Committee
From the left to the right : Frédéric Lassale
Member of the Group Executive Committee
Jorge Nandin de Carvalho
Member of the Group Executive Committee
Atul Bhobe
Member of the Group Executive Committee
Marc Capelle
Member of the Group Executive Committee
Christophe Gilain
Managing Director
Thomas Spitaels
Chief Executive Officer
page 13 TPF GROUP / ACTIVITY REPORT 2008
HIGHLIGHTS FOR THE SUBSIDIARIES
GROUPE TPF / FAITS MARQUANTS
Major events in the life of the Group in 2008 Highlights for the subsidiaries
EUROPE
TPF Engineering Belgium, Europe
TPF GROUP / ACTIVITY REPORT 2008 page 14
Throughout this year, TPF Engineering confirmed even more its essential role in the performance of the TPF Group.
This multidisciplinary sector is based around three divisions : Structural & Civil Engineering, Technical Utilities and Building. Operating these three divisions as an asset, and playing on their complementarity, these sectors showed themselves to be particularly dynamic in 2008.
MEDIACITE, Liège Design by Ron Arad - Developer Wilhelm & Co
GREAT NAMUR REGION SANITATION
LA SABLIERE HOUSING PROJECT , Brussels
BELGIUM
page 15 TPF GROUP / ACTIVITY REPORT 2008
STRUCTURAL AND CIVIL ENGINEERING DIVISION
The period was prosperous in real estate and infrastructures despite an appreciable drop in investments in office buildings and housing, which was fortunately counterbalanced by sustained activity in civil engineering. In addition, TPF Engineering was able to widen its skills thanks to the acquisition of Bagon Ingénieurs-Conseils, and so increase the range of its services in the field of civil engineering. Finally, TPF Engineering’s profitable links with our Indian partner, SN Bhobe Ltd, were strengthened even more in 2008 to our great satisfaction. Amongst the high points of the year, we should mention the continuing large projects and several major constructions such as Mediacité in Liège and the completion of the Tour des Finances in Brussels. Business made possible, not to say greater, thanks to the close cooperation of the ‘Technical Utilities and ‘Structural’ divisions.
As a reminder, these were designed by the famous London architect and designer, Ron Arad. The shopping mall is expected to open in October 2009. Finally, the extension to the shopping centre will be built alongside the river Meuse diversion, and six new cinema screens will be built for the Kinepolis group, extending over a surface area of 6500 m² over 2 floors. We were assigned the design stage at the end of 2008 and this will be completed during the first half of 2009.
PALAIS DES CONGRES, Brussels
This complex was built for the impressive World’s Fair of 1958, the 50th anniversary of which has just been celebrated. Having suffered the ravages of time, substantial renovation was needed. The contractors CFE-Besix-Jacques Delens carried out the alterations and renovation work. For its part, TPF Engineering was appointed to carry out two operations: the construction plans for the stability of the “Coudenberg” building, comprising modular rooms and office spaces, as well as the building plans for the Donation Royale, comprising office and archive areas. This twofold task was able to be completed within the given deadline.
MEDIACITE, Liège
The site of the former rolling mills of Espérance in the Longdoz district of Liège covering 6 hectares is where the Médiacité project will be completed. More than 42,000 m² will be used for shops, audiovisual, media and leisure projects. The heavy building work of the new shopping mall, started in August 2007, and the renovation work on the former shopping arcade of Longdoz, started at the beginning of 2008, will be completed in March 2009. During June 2009, the assignment for controlling and coordinating the fitting of the glass roof and facades will be finished.
GREATER NAMUR REGION SANITATION
The contract concluded in 2007 with the group of companies brought together for carrying out the Greater Namur Region sanitation project, managed by Bageci on behalf of the SPGE (Public Company for Water Management) is well under way. The whole assignment relates to the development and construction of thirty-five vortexes, two pumping stations, ten lifting stations, five storm overflows, a grit chamber, a depressed sewer under the river Sambre, and finally eighteen deviation chambers. The civil engineering designs relating to the construction of twenty-one stations will continue in 2009.
EUROPE
TPF GROUP / ACTIVITY REPORT 2008 page 16
FINANCE TOWER, Brussels
« JUST UNDER THE SKY », Brussels
LA SABLIERE APARTMENTS, Uccle
The working plans and supervision of the construction work of the first two luxury apartment blocks comprising 36 and 31 apartments started as planned at the beginning of February. The completion of the heavy building work is scheduled for April 2009. Our subsidiary was also very busy at the beginning of 2009, carrying out designs relating to the construction of the third building and the retirement home.
DELHAIZE SA, Brussels
Since 2007, TPF Engineering has been carrying out technical audits for the Delhaize group, the leader in large-scale distribution in Belgium, for their supermarkets and the ‘City Delhaize’ convenience stores.
In addition, several significant orders have marked this financial year.
‘JUST UNDER THE SKY’ LEISURE CENTRE,
Quai des usines, Brussels A new complex called ‘Just Under The Sky’ will be built alongside the canal, on the site of the former ‘Godin’ factories. It will comprise a shopping centre of almost 25,000 m², a leisure centre, a well-being ‘lifestyle’ centre, an events area and a car park with a capacity of 2200 parking spaces over three levels. The six buildings erected on the four-hectare site will provide wide exterior-interior views. Three entrances will give access to four levels comprising separate shop units which, as a reminder, will be handed over without any kitchen/bathroom fittings. The whole thing will be interconnected by covered walkways. To our great satisfaction, we were chosen by Equilis to carry out the engineering designs.
TOUR DES FINANCES, Brussels
Five years after the launch of this ambitious project, the considerable work for the removal of asbestos and renovation of the Tour des Finances and the construction of a new office building located on the Rue Royale were completed in April and December of this year respectively. With its surface area of 200,000 m² and its total capacity of 4600 persons, the prestigious Tour des Finances, renamed “Finance Tower” is now the largest office complex in the country. As for the new building called “Door Building”, this provides almost 18,000 m² of offices, distributed over the ground floor and 10 upper storeys that will mainly be occupied by the AFSCA, the Belgian Federal Agency for Food Safety. We were asked to carry out some additional improvement work that was successfully completed to the great satisfaction of the contractor.
NEW HEADQUARTERS FOR THE ‘NATO SPECIAL FORCES COORDINATION CENTER (NSCC)’, Shape / Mons
Another key contract, the American army awarded us the complete assignment for architecture and engineering for the construction of a new administrative headquarters of 5100 m² that will house NATO’s Special Forces Coordination Center. These installations will be able to hold some 250 people and will group together the following divisions : ‘ Command Group, Operations Support, Strategic Concepts, Training Exercises, Human Resources, Logistics, Medical, Communications Support, Budget and Finance ’. This project also includes a large conference hall, training premises, the construction of a car park with a capacity of 250 parking spaces and the development of the exterior grounds. Regarding technical equipment, we should note that the heating, ventilation,
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page 17 TPF GROUP / ACTIVITY REPORT 2008
NATO - NSCC (Nato Special Operation Forces Coordination Center), Shape, Mons
CCGT Plants, Navagne - Visé
NUCLEAR POWER PLANT EPR, Flamanville, France
air conditioning and emergency power (UPS and generators) will be supplied by centralised dual systems for the critical installations. Finally, we should underline that the project is subject to strict constraints inherent to the specific nature of the building : special equipment, US anti-terrorist standards, intrusion detection systems and communications systems.
This new generation EPR (European Pressurised Reactor) nuclear reactor will be put into service in 2012 in Flamanville, in the BasseNormandie region. The design, production of the plans in accordance with EDF’s very strict standards, and the operating conditions must be approved by the French Commission for Nuclear Safety and Radiation Protection. During the construction phase, the site for this nuclear electricity power plant with a power of 1650 mW will employ 2000 people.
GAS AND STEAM TURBINE ELECTRICITY POWER STATIONS,
Navagne This ambitious project, currently being drawn up, will start in the third quarter of 2009. It is for the installation of two combined gas and steam turbine electricity power stations, 400 mW each, at the Navagne site, near Visé alongside the river Meuse. The consortium formed by the English design office PB Power and TPF Engineering has won the contract from the Société de Production d’Electricité (SPE) for the engineering, provisioning and construction (EPC), comprising the basic design, drawing up the business consultation documents, assessing the bids as well as the coordination and supervision of the execution of the works. Our teams are also responsible for supplying a preliminary study report for the geotechnical and topographical feasibility studies and to control the structural and civil engineering designs. We should underline that these new power stations will represent the largest industrial investment made this decade in Wallonia, and they could be opened by the beginning of 2012.
EPR NUCLEAR POWER PLANT, Flamanville, France
By awarding us the production of the civil engineering working plans of the NAB (Nuclear Auxiliary Building), the Bouygues TP - SETEC tpi partnership has given us the opportunity to take part in a project that is remarkable for its size, the investment cost being estimated at some 3.3 billion euros.
WATERFRONT, Namur
The ‘Waterfront’ refers mainly to a complex of 280 low energy consumption residential units along the Avenue Albert I and by the side of the river Meuse at a place called ‘Port du Bon Dieu’. Sixteen buildings in superstructure will be erected there. This residential complex will also provide a car park with 280 spaces. The assignment we have been given by the Atenor group covers the structural designs.
RENOVATION OF SHOPPING CENTRES, Mons and Fleron
Our order book also includes projects for shopping areas. More precisely, as part of the building redevelopment and property management activities of Redevco Belgium, a contract relating to the structural and civil engineering designs has been signed for the renovation of the Carrefour hypermarket in Ghlin and the Brico DIY store in Fléron. In Ghlin, part of the existing buildings will be demolished and new areas will be built. Fléron will benefit from an extension to the shopping areas. Once this work has been completed the car parks and the surrounding grounds will be completely restructured.
EUROPE
TPF GROUP / ACTIVITY REPORT 2008 page 18
MONTOYER 51, Brussels
SOUTH CITY OFFICE & HOTEL, Ilot C Brussels
TECHNICAL UTILITIES DIVISION
The quality of its engineering services has earned the Technical Utilities Division a good number of contracts and to cover such varied fields as hospitals, hotels and office buildings. The activities started in 2008 have been continued as scheduled and several large operations have been successfully completed. Here are five of them that particularly illustrate our activities:
FORUM, Brussels
For this huge project relating to some 60,000 m² of offices and residential units located in the city centre adjoining, in particular, the Rue la Presse and Rue de la Croix de Fer, TPF has been awarded the technical utilities studies, as well as the supervision of the work. The construction site will be spread over several years. 2008 saw the launch of phase 1 relating to the demolition and rebuilding of one part of the complex. After the completion of this first stage in 2010, the second and third phases will be carried out, and the final completion is planned for 2014.
MONTOYER 51, Brussels
Located at the corner of Rue Montoyer and Rue Bourgogne, in the heart of the administrative centre of Brussels, this office building built at the beginning of the 1980s has three floors underground (1 level intended for offices and 2 levels of car parking) and 8 floors of offices above ground, the whole thing with a surface area of 18,000 m². The renovation of the building involves in particular the installation of a new façade after the demolition of the balustrades. The 7th floor will be rebuilt, a new floor will be fitted in the roof and the entrance will be changed to two levels so as to create a lobby (extension of the patio to level -1 and replacement of the technical installations). With this in mind, Montoyer 51 Leasehold has called on us to carry out the structural and technical utilities studies.
SOUTH CITY OFFICE & HOTEL, Ilot C, Brussels
In Brussels, in the area of the International Gare du Midi, the heavy building work for the construction of more than 30,000 m² of offices has started. At the same time, TPF was awarded the studies for the construction of a 3-star hotel with a capacity of 142 rooms.
RTBF REYERS SITE, Brussels
As part of the redeployment programme of RTBF’s various sites in the French Community, the partnership of TPF Engineering and Archi 2000 has been carrying out studies for the rebuilding,
BELGIUM
page 19 TPF GROUP / ACTIVITY REPORT 2008
reconstruction and renovation of the existing areas. For its part, TPF Engineering is carrying out structural and technical utilities studies as well as supervision of the work.
KPN BELGIUM, Nossegem
Our consultant engineers have been asked to carry out studies for the technical room at the Data Center of the telecoms operator KPN Belgium. They are for the increase in refrigeration production (2.6 mW) and supply of the high voltage room (from 2 mW to 5 mW), as well as making the electricity supply safe by the installation of a no-break unit (1.6mW for an installed power of 4 mW).
In addition, we cannot complete this overview of 2008 without mentioning the signing of important new contracts.
edge technologies and oncology healthcare. For this, it will increase the capacity from 154 beds to 250 beds and from 12 day beds to 40 day beds. This building will extend over a total surface area of 50,000 m² and will include a ground floor, three floors above ground and two levels underground. So this redesigned institute will be able to confirm its already well-earned reputation on a Belgian, European and international level.
HOTEL ASTORIA, Brussels
This concerns the renovation and extension of the prestigious five-star hotel located at 103, Rue Royale. The listed parts of the building will be restored, and the façade and entrance lobby will be given a facelift. In addition, the Hotel Astoria, which currently has 118 rooms, will be given an additional 35 rooms. Hotelgal SA, the European operators of the hotel complex have awarded TPF Engineering all of the technical studies.
HOSPITAL BORDET, Brussels
A particularly successful example of the close cooperation between our subsidiaries, the Brunet – Beterem – TPF Engineering consortium has been taken on to carry out the technical utilities and structural studies as part of the reconstruction of the new Institut Jules Bordet on the campus of the Université Libre de Bruxelles in Anderlecht. This ambitious project will make available to all the patients and players concerned a structure, an environment and a consistency providing them with access to cutting
WATSON & CRICK PARK, Louvain-La-Neuve
Located in an 8-hectare area of greenery, close to major trunk roads, this business park developed by the European property developer Pylos will become a real centre for biotechnology and high technology. The whole design relates to the renovation of three existing buildings and the construction of ten new buildings. The way the environmental standards have been taken into account in the design of this project will give it an indisputable added value.
KPN BELGIUM, Nossegem
RTBF REYERS SITE, Brussels
ASTORIA HOTEL *****, Brussels
WATSON & CRICK PARK, Louvain-la-Neuve
EUROPE
TPF GROUP/ACTIVITY REPORT 2008 page 20
BUILDING DIVISION
ABATAN / NEW MEAT MARKET, Brussels
The solid experience acquired over the course of over 40 years activity has allowed this subsidiary to distinguish itself many times in the industrial sector, both in Belgium and the Grand Duchy of Luxembourg. With the support of the Arcoteam firm of architects, in Belgium the year 2008 was made the most of by continuing or completing several remarkable contracts. Amongst the customers are some of the biggest names in the food industry.
So, in the Liège region, extension work for GHL Gotta, the benchmark company in the Belgian beef sector, as well as the construction of a new butchery unit for Lonhienne, a wholesaler specialising in lamb, were successfully completed. The preliminary design for a new meat market for Abatan, operators of the abattoirs at Anderlecht have gone well. We are still waiting for the green light to start this project. Still in the food industry sector, the renovation and extension works to a Colona sauce production unit in Waremme have been completed. Wanting to stay at the cutting edge of innovation, the Kitozyme company, manufacturers of plant biopolymers, are currently constructing a new production unit for the cosmetics and nutraceutical markets at Herstal. We have been asked by the property developer Equilis, one of the subsidiaries of the Groupe Mestdagh, to carry out the architecture, interior development, process work and technical utilities, which are on course for completion. We should also point out the commencement of the construction works of the new catering unit for Frianda at Grâce-Hollogne. Not forgetting the continuing feasibility studies as part of the construction of a building destined for the units of the Technology of Food and Bio-Industries of the University of Food Science at Gembloux.
Finally, as part of the contract signed between the energy supplier Nuon and TPF Engineering for the construction of a 400 mW electricity power plant in Seneffe (CCGT Power Plant), our assignment for consultancy, drawing up the overall development plan, the draft plan and the planning application are continuing on course.
In 2009, TPF Engineering will continue to be at the forefront of the food industry, hygiene and the environment sectors. In this way we will be able to successfully carry out operations for well-known companies such as Fri-Pharma, Idelux, and AIB-Vinçotte, to quote just a few examples.
This is why the pharmaceuticals company Fri-Pharma awarded us the designs for the construction of its new automated refrigerated warehouse at Gembloux, with a capacity of 15,000 pallets. And also, why the District for Economic Equipment in the province of Luxembourg, Idelux, called on our services for the phase 1 of the upgrade to the abattoir at Bastogne. In 2008, AIB-Vincotte (ISA) and Lloyd’s Register renewed their agreements with our Building Division : the first for carrying out certification audits (BRC and IFS) for numerous food industry companies, and the second for the environmental management systems as part of the ISO 14000 certification. Similarly, amongst the companies that have called on our knowhow regarding applications for environmental licences and single licences, who should quote, amongst others, Versatel, SPE, Viangros, Fri-Pharma, Gotta … Finally in 2009, for the new assignments that have been granted to us, efforts will be increased regarding the Energy Performance of Buildings Directive (EPBD), so as to be even more compliant with the directives of the European Commission.
page 21 TPF GROUP/ACTIVITY REPORT 2008
BELGIUM
KITOZYME / NEW PRODUCTION UNIT FOR BIOPOLYMERS, Herstal
FRI-PHARMA / COLD STORAGE UNIT, Gembloux LONHIENNE / EXTENSION OF THE LAMB MEAT CUTTING UNIT, Droixhe (Liège)
EUROPE
TPF GROUP / ACTIVITY REPORT 2008 page 22
Bureau d’Etudes Hubert Louis Belgium, Europe
In 2008, whether it related to services provided in the fields of civil engineering, topography or
infrastructures, our subsidiary in Liège has greatly contributed to the completion of numerous projects.
RECYPARK FOR INTRADEL
OIL STORAGE DEPOT, Brussels-South Airport AMERICAN NEUVILLE-EN-CONDROZ MILITARY CEMETERY, Neupré
The start of the year was marked by the opening of the new Terminal at the Charleroi-Brussels Sud airport. So now the Bureau d’Etudes Hubert Louis can claim experience in the airport field. The growth in activity at the Charleroi-Brussels South airport needed the creation of new infrastructures so as to meet the increase in passenger traffic. In 2007 the SOWAER (Wallonia Airports Authority) had already awarded us the structural studies for the new construction of the North Taxiway and the Fuel Station. This assignment has now been completed and the supervision of the construction work will go hand in hand with the studies for lengthening the runway. Apart from these large projects, we should mention the finalisation of the infrastructures and structural studies carried out for the Economic Bureau of the Province of Namur (BEP) as part of the project for the construction and operation of an integrated waste management site in Floreffe, relating to the construction of an administrative building and an access bridge to the site.
2008 also saw the completion of structural and infrastructure studies for the redevelopment of the roof on the Olympic swimming pool in Seraing, the development of the New Tube Meuse site in Flémalle for the SPI+ and the complete renovation of several supermarkets for the Delhaize group in the Liège region. In addition, we should also mention the finalisation of the rehabilitation studies of the internal water networks and drainage systems of the American military cemetery at Neuville-enCondroz, located in Neupré on behalf of the American Battle Monuments Commission, responsible for the maintenance of American monuments and cemeteries. Not forgetting the analyses covering the work on the sewers and drain repairs in the Rue de La China and Rue du Troleu in Sprimont. As a specialist in topography, the Bureau d’Etudes Hubert Louis has also carried out the complete surveys of the sewer networks for the Association for Water Separation and Purification for the Province of Liège (AIDE), as well as in surveying the networks in Sprimont, and in Flémalle the topographical surveys of the Terril du Hénâ on behalf of Electrabel.
BELGIUM
page 23 TPF GROUP / ACTIVITY REPORT 2008
NEW TUBE MEUSE SITE, Flémalle
COVERED CAR PARK, Brussels-South Airport
Our Liège subsidiary will be continuing its activities in this direction in 2009. So it will be continuing with the activities undertaken in 2008, such as the technical support contract relating to the modernisation of the FNAC store in Liège. The same goes for the studies relating to the modifications to the moveable floor of the swimming pool in Seraing, the supervision of the work on the development of the grounds for the Autonomous Port of Namur and in the Place des Guillemins in Liège, which provides access to the international TGV railway station. The Bureau d’Etudes Hubert Louis has also been awarded several new contracts. Amongst them we should mention the studies relating to : - The construction of two waste recycling collection centres at the Flémalle and Herstal sites for the Department of Waste Treatment (INTRADEL), - Moving the waste recycling collection centre in Fléron
- Renovation and extension to several buildings such as the sports centre in Andenne and the training centre for the Wallonia Institute for Work-based Training for Independent Businesses and SMEs (IFAPME) in Villers-le-Bouillet, the offices for the ING bank in Liège, the primary school in Ans, the construction of new changing rooms for the town sports centre in Waremme, and the construction of a new heated pool for the Olympic swimming pool in Seraing.
Finally, the GEI company awarded us, on behalf of the company CMI, the structural studies relating to the construction of a new paint line in Dubai, and more especially, the studies for the foundations of the lobbies and their timber work.
EUROPE
TPF GROUP/ACTIVITY REPORT 2008 page 24
Bagon Ingénieurs-Conseils Belgium, Europe
With its strong know-how in the fields of building, civil engineering and urban engineering, our
recent Belgian subsidiary has mainly concentrated on the development of infrastructure and property projects, therefore strengthening the engineering sector.
So the activity of the financial year was marked by the start up of the huge construction site for the new Schuman-Josaphat rail tunnel, an essential link for the future Brussels regional rail network (RER). This impressive engineering work, with a length of 922 m, will be built under the Cortenbergh road tunnel and will pass under the Place Jamblinne de Meux as well as under a block of office buildings. Another example of possible future urban renewal is the technicaleconomical study for putting the road traffic of the Rue de la Loi and Rue Belliard into a tunnel in the European District. Other strong points are worth highlighting, such as the completion of the second phase of the construction project of a high-tech office complex, the ‘West Side Village’, in Mamer in the Grand Duchy of Luxembourg, as well as the completion of the first phase of the construction project of a residential complex, the ‘Clos Bizet’ in Anderlecht (Brussels). Finally, work is progressing on the ‘Namur Office Park’ site. This is a huge project of office buildings that will be erected in the Namur region in Loyers.
The financial year was also interesting in terms of new orders. Bagon Ingénieurs-Conseils won the contract for the civil engineering studies for the construction of structures underneath the Parc du Cinquantenaire, which will encourage sustainable mobility in the area and in the European District. Amongst the development operations we should mention the opening of a road tunnel and the creation of an underground car park for coaches and cars. The Albert metro station in Brussels will be the subject of structural modifications that will improve accessibility to the station for people with reduced mobility and develop a terminus at level -1, as part of the reorganisation of the Brussels tram network. We cannot end this section without mentioning the structural studies for the complete conversion of an office building into a residential building in the heart of Brussels, Rue Neuve Rue d’Argent.
page 25 TPF GROUP / ACTIVITY REPORT 2008
BELGIUM
NAMUR OFFICE PARK, Loyers (Namur)
TUNNEL JOSAPHAT, Brussels
STROSS WORKS UNDER THE ROAD SLAB OF THE CORTENBERGH TUNNEL, Brussels
EUROPE
TPF-Basse Sambre Belgium, Europe
TPF GROUP / ACTIVITY REPORT 2008 page 26
Both in Belgium and abroad, 2008 was a pivotal year marked by the finalisation of several particularly complex contracts.
On an international scale, the activity has been more concentrated on the Middle East, Asia and North Africa, more particularly in Algeria.
INTEGRATED WASTE MANAGEMENT PLANT, Floreffe
SONATRACH / LNG 2-Z GAZ LIQUEFACTION PLANT, Arzew,Algeria
NAFTEC / LUBRICANT PACKING UNIT, Arzew, Algeria
INDUSTEEL / COOLING TOWER, Charleroi
BELGIUM
page 27 TPF GROUP / ACTIVITY REPORT 2008
BELGIUM
In Virginal, the co-contractors have carried out the definitive handover of the new household waste incineration plant managed by the Intercommunal of Brabant Wallonia (IBW). Amongst the various consultancy service contracts, certain projects are worth highlighting. For the Namur Public Services Department (INASEP), we should mention the construction, still on going, of the wastewater purification plant in Namur (population equivalent of 81,500). For the Economic Bureau of the Province of Namur (BEPN), we should mention the construction of the integrated waste management site in Floreffe, and the erection of a crematorium in Assesse. Finally, in Charleroi, for the steel producer Industeel, a subsidiary of ArcelorMittal, TPF-Basse Sambre won two turnkey projects. One is for the construction of a cooling tower for industrial water for continuous casting, and the other is for the construction of a new water cooling system of an electric furnace with connection to water cooling towers and the existing networks. In addition, other consultancy and support assignments have been continuing throughout the year.
the LPG pipeline (butane gas supply) connecting the towns of Skikda and El Khroub has taken place, to the great satisfaction of our customer, Naftal, a subsidiary of the Sonatrach group. Finally we should mention the agreements for which the guarantee period has not yet expired. These are firstly the contract for processing lubricants concluded with NAFTEC, the national Algerian oil refining company, another subsidiary of the Sonatrach group located in Arzew, who are satisfied with the results obtained in terms of production, and secondly, the contract for the renovation of the LNG cryogenic storage tanks concluded with the Sonatrach oil company for its GL2-Z plant in Arzew.
QATAR
A year ago we signed an exceptional consultant engineering contract with the Qatar National Cement Company that is coming to completion in 2009, when the new production line of the Umm Bab cement works will be put into service, one of the most modern and the largest in the Gulf. And for a good reason, as it will be producing 5000t of Portland cement clinker per day.
YEMEN ALGERIA
Our subsidiary won the tender of a contract for the renovation of a fire prevention system in a GL2-Z gas liquefaction plant of the oil company Sonatrach, located in the Arzew industrial estate near Oran in Western Algeria, which will be spread over a period of 36 months. Still with oil, the provisional handover of the insulation work of
After successfully operating the consultancy contract relating to the creation of a new production line for the Amran cement works, with a capacity of 3300t of Portland cement clinker per day, TPFBasse Sambre has been called on to provide a report regarding the reciprocal claims of the co-contractors IHI and YCC. This join request shows the confidence that these two companies have in our company.
EUROPE
TPF-Utilities Belgium, Europe
TPF GROUP / ACTIVITY REPORT 2008 page 28
From year to year, TPF-Utilities has been forging a solid experience in the design, management and operation of installations in the water and energy sectors. After a strong
start at the beginning of 2008, the final quarter however recorded a slowdown in the management and operation activity, particularly under the impact of the crisis in the steel industry.
The OHSAS 18000 (Occupational Health & Safety Assessment Series) safety certification obtained this year has increased international recognition for our company. In Belgium we remain active in the operation of urban heating. In Charleroi, our subsidiary Socageth has recorded an increase in heating sales resulting in an annual turnover of 1,576,476 euros. Regarding the protection of the environment, the increase in the number of assignments undertaken in our various disciplines has allowed us to strengthen our image both in Belgium and abroad. With this in mind, some projects are worth a closer look, such as :
SITA (GLOBAL WASTE MANAGEMENT),
40 tonnes of steam under a pressure of 12 bars, or by a unit of vacuum pumps. This study should lead to the construction of an installation and to a 10 year delegated management contract.
AGC (water production), Boussoit and Aniche sites (France)
AGC, one of the largest manufacturers of flat glass has awarded us an operation contract for the water cooling circuits for its production furnaces at its Boussoit and Aniche sites. TPF-Utilities will manage these throughout the process, pumping, and effluent treatment up to the purification system before the outflow.
THYSSEN KRUPP GROUP, Isbergues (France)
Our teams were called on by ThyssenKrupp Electrical Steel, a large producer of cold-rolled grain oriented electrical steel, for its factory as part of the design study and renovation of the effluent treatment plant.
Neder-Over-Hembeek (Brussels)
ARCELORMITTAL INDUSTEEL, Charleroi
With its wealth of experience in the field of municipal water purification plants, our subsidiary TPF-UTILITIES was called on by the Intercommunal for Brabant Wallonia (IBW), the Namur Intercommunal for Public Services (INASEP), the Association for Water Separation and Purification (AIDE), as well as the Western Hainaut Region Intercommunal for Public Sanitation (IPALLE).
Industeel Belgium, a subsidiary of the worldwide steel group, ArcelorMittal, has repeated its confidence in 2008 by calling on our services to carry out the design study and to select the vacuum production equipment for use in the manufacturing cycle of special alloys. In addition, we should also mention that the production of a vacuum can be carried out either by a boiler unit providing
Regarding the purification plant at Mornimont, which we should remind you has a population equivalent of 45,000, the incidence study has been completed as planned and the contractor has been chosen. The studies for the plants at Bomal, Ittre and Leuze
of a waste methanisation plant for industrial organic waste has just been completed. Each year this plant will process some 30,000 tonnes of waste from which it will produce biogas for a cogeneration unit.
page 29 TPF GROUP/ACTIVITY REPORT
BELGIUM
THYSSEN KRUPP GROUP, ISBERGUES (France), Effluent treatment plant
KENGEN, Wind farm project, Ngong Hills / Nairobi (Kenya)
AGC - BOUSSOIT SITE (France), Process water production and cooling circuit
have been completed. The civil engineering and electro-mechanical works for the purification plant in the Lasne valley in Rosières (with a population equivalent of 145,000) is progressing.
In addition, TPF Utilities is now concentrating on wind generated energy.
Several construction sites have also been handed over : the purification plant at Louvain-la-Neuve with a population equivalent of 12,000, the extension to the purification plant in Ath with a population equivalent of 22,000, and finally, in Chercq, the extension to a population equivalent of 12,000. The installation of sections of around 20 km of wastewater collectors at Villers-la-Ville has started.
In Belgium we will be carrying out studies with a view to the installation of a wind farm with six turbines on land at Ciney, as well as a wind farm with nine turbines along the Vallée de l’Escaut in Escanaffles.
The construction of the purification plant in Sprimontt is currently in the design stage for a population equivalent of 4200. TPF-Utilities is responsible for the designs, selection and supervision of the work. Finally, we have been approached to carry out the design study and choose the installation for sludge drying at the purification plant in Mouscron. We should state that this plant, with a capacity of a population equivalent of 175,000 produces up to 12 tonnes of dry matter per day. The thermal drying process has been retained.
In Kenya, we have been asked by KenGen, the Kenya Electricity Generating Company Ltd, to carry out the construction of six 850 kW wind turbines on the plateau of the Ngong Hills near Nairobi. The project has progressed as planned : the wind turbines have been delivered to Mombasa and then completed at the site reserved for them. Installed in April 2009, from the following summer they will supply 5.1 MWe for an anticipated annual production of around 14.5 MWh.
We cannot end this section without mentioning an important event : the creation of the TTR Energy company (Degroof Green Fund)
Another important constituent of TPF-Utilities’ activity relates to energy.
For this, we should mention the renewal of the negotiation and monitoring contracts for the energy contracts with the STIB, the Brussels Public Transport Authority, for the next three years. As part of the operation of the gas turbo-expansion plant (440 kWe) with the development and recovery of electric energy at the purification plant at Mouscron, almost 500 green certificates have been granted for an electricity production of 3.2G We.
Made up of equal shares with the Transcor Astra Group, subsidiary of the investment company CNP (Compagnie Nationale à Portefeuille), its purpose is to research, select and develop projects in renewable energy. During this first year, TPF-Utilities has been required to take part in, as technical expert, research for several European projects in the fields of biomass, wind energy and hydroelectricity.
EUROPE, GRAND DUCHY OF LUXEMBOURG
TPF GROUP / ACTIVITY REPORT 2008 page 30
TPF Luxembourg
Since its launch in 2007,
Grand Duchy of Luxembourg, Europe
the activity in the Grand Duchy is continuing to
record good results, as the projects presented below prove.
In the property sector
In the food industry sector
Whether its is the West Side Village Project in Mamer, the construction of a high-tech office complex that will open in 2010, or the Royal Monterey project, a luxury office building located in the centre of the city of Luxembourg, the handover of which is scheduled for 2009, TPF Luxembourg, responsible for technical utilities, is successfully continuing its assignments.
On behalf of Immo-Horizon SARL and Caterman SA, members of the Groupe Cactus, the benchmark brand in large-scale distribution in Luxembourg, TPF Luxembourg has also been asked to carry out the designs relating to the construction of a logistics and refrigerated storage centre in Capellen as part of the project for extending the existing buildings. For its Mamer-Koerich site, the studies started in 2007 concerning the construction of a new butchery unit for Cactus has been suspended. Finally, the project management and design assignment relating to the extension to the Caterman II ready-meals production unit and for the construction of a new bakery-patisserie unit for a total surface area of 18,100 m², this time at the Windhof site, is continuing.
In addition, TPF Luxembourg has invested in a new property project called Centre Etoile located in Luxembourg-Ville. It is concentrating on the technical utilities studies for the construction of a new office building. The complex will have nine levels, seven of which will be above ground for a total surface area of some 8500 m² and will provide both office and shop spaces. Handover is scheduled for 2011.
CENTRE ETOILE, Luxembourg
WEST SIDE VILLAGE, Mamer
EUROPE, SPAIN
page 31 TPF GROUP / ACTIVITY REPORT 2008
Spain Europe
On the Iberian peninsular, TPF is a shareholder in three companies operating power plants producing electricity by cogeneration and biomass combustion.
BIOENERGETICA EGRABENSE BIOMASS UNIT, Cabra
Mesogen, with an installed power of 1000 kW produces electricity for the industrial client Madeiras - Beceira, a timber manufacturer. Gensabon, with an installed power of 14,600 kW produces duce electricity for the industrial client Leyma, a producer of dairy ry pro products.
Bioenergetica Egabrense operates two electricity power plants : the first, based on the principle of cogeneration, has an installed power of 13 mW, the second, based on the principle of combustion of biomass sourced from the waste from the manufacture of olive oil, has an installed power of 8 mW.
EUROPE
Beterem France, Europe
TPF GROUP / ACTIVITY REPORT 2008 page 32
In France, the balance sheet for the year proved to be interesting and profitable in many respects. Despite a tricky political and economical climate,
activity has been maintained. The newly acquired Marseille engineering firm, Secmo, has fitted perfectly within the TPF group. Also, at the beginning of 2008, Mr Frédéric Lassale took over the reins of the company, following the retirement of Mr André Facundo, the former leader of Beterem.
LEONARD DE VINCI GRAMMAR SCHOOL, Montpellier
LOTTI HOTEL, Paris
INSTITUTE OF BIOLOGY, Grenoble
FRANCE
page 33 TPF GROUP / ACTIVITY REPORT 2008
We would now like to move on to some important projects.
COLLEGE LOUIS ARMAND, Marseille
The start of the new 2008-2009 school year will see the opening of a new college, with a capacity of 600 students, in the centre of Marseille. Designed by the architects Jean-Marc Chancel and José Morales, this college is constructed from a public building that has been demolished and moved to a new piece of land. Multiple operations will be carried out over a floor space of over 9000 m² : classrooms, administrative areas, a documentation and information centre (CDI), a restaurant for 450 diners, a gym that is accessible to the public, a multi-use games area and 6 independently operated residential units. The sports hall and CDI present an unusual area topped on the second floor with a huge group of classrooms. This arrangement allows several views towards the hills and the sea, whilst on the courtyard side, the area is ringed by a striking line of colonnades, because in order to bear the weight of the third floor, the architects multiplied the pillars, sometimes placing them set back from the upper part by a daring double cantilevered system. The lack of any cornice outline allows the optimum highlighting of these soaring colonnades. The self-compacting concrete remains visible over most of the surfaces. Only the circular envelope of the CDI is cladded in zinc, fitted as a curve to form a saucer shape. Beterem Ingénierie has carried out the assignments for synthesis, all building trades engineering and the fire safety systems. To our great satisfaction, this building appears on the list of 100 projects chosen by the AMC (Architecture Mouvement Continuité) magazine of the Moniteur.
ASTRIUM – BUILDING X 2, Toulouse
At the Astrium site in Toulouse, Europe’s premier space company, a new building dedicated to the integration of telecommunications satellites has been planned to increase the capacity of Building X, already completed by our teams 11 years ago. This new building will have three “large” ISO 5 laminar flows (340 m²) with aseismic blocks for the installation of instruments (height under filter plane 10 m), two “small” ISO 5 laminar flows (110 m²) with aseismic blocks for the installation of subassemblies such as mirrors, focal plane, mechanism, laser, etc. (height under filter plane 3.75 m), optical and detection laboratories with one part in ISO 7 white room, an ISO 7 white room (550 m²) as well as 5000 m² of offices and meeting rooms. Beterem has not only been asked to carry out the studies and supervision of the production of all the technical equipment batches, including finishing the ISO 5 rooms, but has also been called on for the additional energy production equipment : heating, refrigeration, standard electricity supply, as well as the emergency and high quality electricity supply. The construction work will start in March 2009 for a scheduled handover in June 2010.
HOTEL LOTTI, Paris
This luxury 162-bed hotel located very close to the Vendôme Place, the Louvre Museum, the Opéra Garnier and the Rue du Faubourg Saint Honoré comprises a renovated old part called “Catiglione”
and a recently built new part called “Mont Thabor”. The building belongs to the Italian “Jolly” group, which has been taken over by the Spanish organisation NH Hôtels. Beterem was awarded the structural technical engineering, fluids, electricity for the various projects such as renovation of the kitchen, construction of an emergency staircase, updating the smoke extraction system, the fire safety systems and the ventilation systems, construction of rooms and an entrance for persons with reduced mobility, etc.
INSTITUTE OF BIOLOGY, Grenoble
The construction of the Institute of Biology (INBI) on the north hospital site of the CHUG (Grenoble University Hospital) includes the construction of a building distributed over 6 levels and the associated networks. Located in the immediate vicinity of the existing buildings of the university hospital (Pavillon Vercors and IGH Michallon), its construction will have to comply with the constraints of service, safety and hygiene so that the university hospital can continue to function. A strategic axis of the Projet d’Etablissement 2006-2010, the Institute of Biology will be a cutting edge organisation for medical diagnostics, technical innovation and training. Because it will bring together in one single place, on a total net floor area of 13,800 m², almost all of the laboratories spread out over the university hospital site, the quality of the service given to patients and the technical performances will be improved by 2010, the planned handover date. Before reaching this stage, some structures will have to be demolished, such as the semi-underground and overhead car parks, and the access to the Vercors building will have to be modified. Beterem has also been asked to carry out the assignment for the general all building trades engineering, in association with the firm of architects “Michel Remon”.
The new orders recorded during 2008 confirm the demand in the fields of education and health, and the recognition of our know-how in these fields. Amongst our projects, we should mention :
LYCEE LEONARD DE VINCI, Montpellier
Located in a problem area, this vocational training college with a capacity of 1080 students currently teaches for the building and automobile trades. This building, in front of which will be located the Regional Sports Centre and the Regional Archives for the Hérault region, will soon hold 630 students in the ‘Building Trades’ section and its new section ‘Timber House Construction’, to which 800 students and apprentices will be added in the ‘Hairdressing and Automobile Trades’ section. This ambitious project is the result of the Languedoc-Roussilon regional council’s desire to renovate and rebuild on a large scale for the years to come. At the end of a competition with a large number of applicants (95 applications and 5 teams in the final), the jury’s choice went with the project presented by Hellin-Sebag, with in which Beterem played a predominant role carrying out the all building trades engineering, as well as the assignment for diagnostics, synthesis, fire safety coordination and the operational and maintenance file.
EUROPE
TPF GROUP / ACTIVITY REPORT 2008 page 34
E.P.H.A.D. OF MONTEBOURG, Normandie
The schedule plans for two phases : the first relates to the complete rebuilding of some 10,000 m² of buildings (workshops and dormitory), and the second will be the construction, after the demolition of the existing buildings, of some 14,000 m² of buildings (service accommodation, administration, college catering, workshops, general and technical classrooms, etc.) Priority has been given to using techniques that respect the environment and for making savings in energy. For this, the installation of photovoltaic and solar panels has been planned for the production of domestic hot water for the accommodation units and the kitchen of the college restaurant. The documentation and information building, the project’s showcase, will be fitted with a natural ventilation system using a solar chimney, and this is also for educational purposes. Studies for the first phase will start in December. As for the handover of the second phase, this is scheduled for the end of 2013.
TRAINING CENTRE, VILLEFONTAINE, Isere
The Fondation d’Auteuil has been located in Côte St-André since 1987. Here it runs an organisation for accommodating and training young people with a difficult social, family or school background. The concentration on the site of more than 100 adolescents with difficulties makes it a problem to take a more personal care of large groups on a smaller human scale. Also the current buildings are very costly, both to run and for depreciation, and a long distance away from families wanting to visit their children. To remedy these problems, the Fondation d’Auteuil has decided to acquire a new piece of land and to build buildings on it that are more suitable to its current needs. The project, representing a total net floor space of around 7580 m², not including exterior pathways, is for the construction of three main buildings including a social type children’s house designed to accommodate 43 young people, a boarding school that can accommodate 42 young people, and finally the setting up of a training centre within a vocational college, an engineering school and a continuous training centre. We should add that this project has been designed with a high
environmental quality in mind, aiming for a very high performance in energy consumption, with energy production being carried out by a gas and wood burning heating system and hot water production through solar panels. Beterem will be carrying out the assignment for all building trades engineering in association with “Thierry Roche & Associés” and “Bruno Coutellier” firms of architects.
RESIDENTIAL CARE HOME FOR THE ELDERLY,
Montebourg, Normandie We have also been busy in northern France. An interesting project of a total net floor area 6096 m² is at the design stage. It is for the construction of a residential care home for the elderly with the capacity to accommodate 89 permanent residents and 2 day-care places with the associated services. More precisely, the building will be oriented around 4 sections, two of which will be 33-bed accommodation units for elderly people, one 15-bed unit for elderly people suffering from Alzheimer’s disease and one unit of 8 temporary beds. Despite the land for the foundations being on a slope, the design of a single-storey building nevertheless found favour with both the jury and the users. This residential care home for the elderly will be able to be granted the French high quality environmental standard : rainwater collection system for watering and exterior use, domestic hot water production by solar panels, ventilation of the communal areas by double flow heat collection on the extracted air, a green roof for retention of rainwater and an increase in thermic inertia (for comfort in the summer), a heated floor in the communal areas, optimum use of natural materials and therefore recyclable, centralised technical management and a wood-burning boiler. In addition this is a low energy consumption building (energy consumption less than 50 kWe per square metre per year) for which the compactness of the design means a centralised traffic, lit by top lighting skylights. In partnership with the architect Y. Maurer, Beterem has been asked to carry out the basic all building trades assignment, the construction surveys, synthesis, fire safety systems studies, the
FRANCE
page 35 TPF GROUP / ACTIVITY REPORT 2008
MERLEAU PONTY COLLEGE, Rochefort
LYON CONFLUENCE, Lyon
specific heating designs allowing it to keep within a consumption of 50 kWe per square metre per year, as well as the dynamic thermal simulations. The outline plan was completed at the end of 2008 and the draft designs will be started in January 2009, with the aim of starting the call for tenders in September 2009.
LYON CONFLUENCE, Lyon
Over 150 hectares, at the south of the peninsula, in the extension to the Lyons business district, the urban project Lyon Confluence will eventually convert an area of industrial wasteland into a dense network of developments and public spaces, and so doubling the area of the current city centre. The Confluence will be both a place to live, work and play. 1500 residential units in total are planned for the first phase, split into social housing (20 %), intermediate (15%) or shared buying, as well as standard and top of the range housing. The project will occupy a plot with a surface area of 1560 m² adjoining a railway, and will comprise 30 rented units, 33 units for sale, commercial premises on the ground floor (delivered secured, with water services not connected) and two levels of underground car parking. The design of the 9-storey building is part of a high quality environmental approach with the aim in particular of obtaining low energy consumption certification. It takes into account the specific constraints of the site : acoustic treatments and a special retaining structure on the railway side, raised water table, soil pollution and all the prescriptions of the designated development area’s specifications. The OPAC du Rhône (the Rhône regional Department for Development and Construction) has asked Beterem to carry out the designs for the structure and fluids, thermic calculations and the economics of the project.
MERLEAU PONTY COLLEGE, Rochefort
The Merlau Ponty college, located in Rochefort in the Poitou Charentes region, will be the subject of our attention. Built 40 years ago, it now has an old-fashioned image. So this project
will extend the boarding school (1600 m²), extend (3200 m²) and rebuild the existing day school (2800 m²), with the purpose of giving the college an overall unity and to give it some character. This will be done by installing a timber cladding façade to all of the buildings and by some exterior improvements, such as a series of terraces allowing two different spaces to be joined together (the courtyard and the sports area). It goes without saying that the project will be part of the high environmental quality standard. As a consortium with Arcature (Architects), the assignment for the project management of all building trades as well as the construction designs and the economics of the project have been awarded to Beterem.
NEW COGNAC HOSPITAL
Still in the Poitou-Charentes region, we should mention another important project : the start of the construction phase for the rebuilding project for the hospital in Cognac, started in 2003 by the Regional Hospitals Authority. After five years of in-depth studies, the huge earthworks (80,000 m² of excavations) have been able to be started. This new site will eventually become the main health centre in Cognac, as it will also house the recently built Arc en Ciel clinic, a radiology unit and a medical analysis laboratory, services that are already provided by the hospital. The new hospital will be connected to the clinic which will continue to exclusively carry out surgery by a 60 m long enclosed passageway. The reconstruction project of the hospital with a total surface area of 17,500 m² plans for the relocation of the active beds and associated sectors (150 beds), the rebuilding of a technical unit (emergency, imaging, consultation, intensive care obstetrics unit and endoscopics unit) as well as the construction of the main accommodation (kitchen) and medical and technical sectors (pharmacy). By 2011 Cognac will be able to take pride in its brand new hospital. In association with the architects firms BBG Architectes Associés and Arcature, Beterem Ingénierie has seen its initial assignment for all the technical batches expanded to cover the coordination of the fire safety systems and the synthesis studies.
EUROPE
Secmo France, Europe
TPF GROUP / ACTIVITY REPORT 2008 page 36
At the end of this first year of cooperation, out partner has taken part, in its capacity as an expert in drawing up construction plans and designs for structures/
concrete, in various projects, some of which are worth a closer look.
HOSPITAL MANOSQUE, Alpes De Haute Provence
The future medical centre in Manosque is rising up from the ground and will be opened in 2009. With a surface area of 50,000 m², this medical centre will have a total capacity of 248 beds : 218 beds for the hospital (including emergencies) and 30 beds for the Alpes regional haemodialysis centre that will be integrated in one wing of the building, with a surface area of almost 1100 m². Apart from its various units (medical-technical, medical-logistical and kitchens) this hospital complex will have a car park with a capacity of 250 spaces and a heliport. This project has benefited from the support of the consortium of Léon Grosse (contractor), C+T Architecture, JM Battesti (architects) and SECMO.
POSTAL SORTING OFFICE, Saint Charles, Marseille
Located near to the Saint-Charles railway station in Marseille, the former Postal Sorting Office will soon be replaced by a huge building complex called Coeur de St Charles/Jardin d’Ivoire, developed by the property developer Kaufman & Broad. This project comprises 220 residential units for sale, 119 residential units for students, 127 apartments for tourists, as well as 8500 m² of offices, for a total surface area of 65,000 m². It is also planned to provide 650 parking spaces. We should also mention that the design and construction of the project has been awarded to consortium of Poissonnier/Ferran (architects) and SECMO (BET Structure). SECMO’s assignment is to carry out the construction designs. Regarding the heavy external building work, this will be carried out by Campenon Bernard (Groupement Vinci).
Amongst the new contracts won in 2008, we should especially mention the large project developed by the Constructa group as part of the Euroméditerranée urban renewal scheme :
SAS SUEDE EUROMED, Marseille
Designed by the architects Jean Nouvel, JB Piétri, Yves Lion, and the agency C+T Architecture, SAS Suède will provide a mixed complex of offices, apartments and shops (90,000 m²) in the centre of the Cité de Méditerranée, more precisely in the Arenc district. Located a stone’s throw from the docks and the Tour CMA-GGM designed by Zaha Hadid, this project is for the construction in three phases of a 32 m high office building that will house the headquarters of the Banque Populaire, two high-rise towers (with a height of 134 m and 99 m) providing a total of 200 apartments for sale/rent and a three-star Accor hotel of 18,000 m² with 128 apartments. Our design office will be working on the first phase on several levels : in cooperation with BET Structure Ile de France and C+T Architecture for the desigs of the office building, which will have 6 levels underground and 1240 parking spaces, as well as in association with SIDF for the construction designs of the structures and infrastructure.
FRANCE
page 37 TPF GROUP / ACTIVITY REPORT 2008
SAINT CHARLES POST SORTING CENTER, Marseille
MANOSQUE HOSPITAL CENTER, Alpes de Haute Provence
EUROPE
E&L Architects Poland, Europe
TPF GROUP / ACTIVITY REPORT 2008 page 38
In Poland, the architecture and infrastructures consultancy sectors have been particularly growing.
The construction of office buildings and residential projects remains a dynamic sector as illustrated by numerous projects. In Warsaw, a good number of them have been brought to fruition.
E&L Architects, supported by TPF Planege, has successfully established itself as a major player in road infrastructure projects. The consortium formed by our two subsidiaries is mainly focusing itself on three projects in the transport field.
JUTRZENKI BUSINESS PARK, Warsaw
This project concerns the construction of an industrial park comprising two four-storey buildings, each one providing 2738 m² of offices. As for car parking, the site provides 22 spaces underground and 48 spaces outside. 2008 saw the completion of the second building. E&L Architects has been asked to carry out the execution, design, supervision and coordination of the work.
TULIPAN HOUSE, Warsaw
Handed over as scheduled in June 2008, this office building rises up to 4 floors and is arranged around a fully glazed central atrium. It is to our architects that we owe this pleasant light-filled work. It provides the occupants with a surface area of 17,900 m² that is modular and can be arranged as open office space or closed off into separate offices. It has underground parking of 500 spaces over two levels, which lead towards the atrium for the stairs and lifts.
PLUZANSKA BUILDING, Warsaw
Apart from its 2400 m² of shop space, the building comprises apartments over four floors and an underground car park. The third floor provides luxury apartments with a mezzanine leading onto a terrace. The whole project, designed by E&L Architects, was ready on schedule in September 2008. The operations for which we were called on to carry out, which were project management and supervision of all the building work, were successfully completed.
Over the last few years the infrastructures sector in Poland has seen a very fast expansion thanks to, amongst other things, subsidies allocated by the European Community’s Cohesion Funds and Structural Funds. In this context,
NEW SECTION S8 OF THE ARMII KRAJOWEJ,
Konotopa / Prymasa Tysiaclecia Expressway (Warsaw) This project relates to the construction off one of five new sections of the expressway making up the Warsaw ring road, between the interchanges at Konotopa and Prymasa Tysiclecia. The planned expressway will link to the A2 motorway passing through Ozarów Mazowiecki, Babice State and Warsaw. The S8 section, 2 x 3 lanes, with a length of some 10 km will not only improve the transit traffic, but also local traffic. The project plans 22 new bridges, three interchanges and the substantial rearrangement of the existing lane layout. Project management and supervision of the work will be carried out by our Polish and Portuguese teams. The work, which started this year, will continue for a period of 55 months.
In addition, the large projects for the modernisation of the first phase of the Warsaw – Gydnia section of the E-65 railway line and the construction of a three-lane motorway of 15.5 km k in the Silesia region are on course between Sosnika and Belk without any problems. We should remind you that the assignments for which we have been appointed cover the coordination and supervision of the construction work, schedule control, budget control and quality control.
Regarding the environment, for four years E&L Architects has been continuing its assignment for technical support and supervision of the work relating to the construction of a new wastewater purifi cation plant in Pomorzany (with a population equivalent of 417,000) and the modernisation/extension to the existing purification plant in Zdroje (with a population equivalent of 177,000). This project, designed to improve the water quality for the town of Szczecin and financed by the Cohesion Funds, has been extended to the end of 2010.
POLAND
page 39 TPF GROUP / ACTIVITY REPORT 2008
TULIPAN HOUSE, Warsaw
JUTRZENKI BUSINESS PARK, Warsaw
RAILWAY LINE E-65 , Section Warszawa - Gdynia
PLUZANSKA BUILDING, Warsaw
EXPRESSWAY S8, Warsaw
EUROPE
Tpf Planege Portugal, Europe
TPF GROUP / ACTIVITY REPORT 2008 page 40
Our Portuguese subsidiary has been able to show intense activity in the development of road and rail infrastructures, carrying out
building projects, and turnkey activities, both on the mainland and on the island of Madeira.
EUROSTAR HOTEL, Lisbon
EXPRESS WAY TO PORT OF FUNCHAL, Madeira Island
PORTUGAL
page 41 TPF GROUP / ACTIVITY REPORT 2008
CONVERSION PROJECT OF OPORTO REFINERY
OPORTO RAILWAY LINES, REFURBISHMENT OF POWER FEEDER AND SIGNALISATION SYSTEMS
OLISSIPO HOTEL, Lisbon
HOTEL OLISSIPO & HOTEL EUROSTAR, Lisbon
MODERNISATION PROGRAMME OF THE OPORTO
These two 5-star hotels located in the Parque das Naçoes is in the area of Lisbon where the 1998 World’s Fair was held, are the work of the architect Regino Cruz just like the Pavilhão Atlântico and the Vasco de Gama Tower. This prestigious area, with its special architecture, houses many other top class buildings : the magnificent Gare do Oriente railway station designed by the world renowned Spanish architect, Santiago Calatrava as well as the Pavilhão de Portugal, designed by the architect Alvaro Siza Viera. The Hotel Olissipo, with a surface area of 21,000 m², will have 348 rooms whilst the Eurostar Hotel and Apartments will have 175 rooms and 96 apartments of one or two rooms over a total surface area of 32,500 m². TPF Planege has been called on for the design of the technical utilities installations. The construction work of the Hotel Olissipo will start in 2009.
RAILWAY LINE
In order to cope with the significant growth in rail travel linked to the expansion of the suburbs of Oporto and the regional rail network, the Portuguese national rail company Refer has launched a wide investments programme for the modernisation of the electricity supply systems, comprising the return leads for the traction current, the earthing systems and the updating of the signalling and control systems. This project comprises some 150 km of rail track, a considerable number of stations and branch stations. The work has been coordinated so that there is no interruption to traffic which would lead to not only the implementation of special procedures regarding safety but also to night working. TPF Planege has been asked by Refer to carry out the design and consultancy and the supervision of the construction work.
RAILWAY BRIDGE, Alcacer
CONVERSION OF THE OPORTO REFINERY
The construction of the new railway bridge in Alcacer crossing over the river Sado is continuing. We should remind you that this project is part of the modernisation of the southern railway line connecting Lisbon to the Algarve region. At the end of this work, this line, fitted with new signal systems, overhead catenaries and a new track will be authorised for a traffic speed of 220 kph. At a total length of 480 m, the Sado suspension bridge is made up of three Bowstring-type arched spans, each one 180 m, a metal superstructure and a concrete rolling platform. The bridge’s access ramps measure 2200 m and are made of a metal superstructure with a concrete base. TPF Planege has been awarded the coordination and supervision of the work.
The Portuguese oil company Petrogal has decided to convert and modernise its refinery in Oporto in order to increase its production of diesel, petrol and light fuels, and so to meet the changes in the market. At an amount of 350 million euros, the investment covers the construction of a new visbreaking unit, a vacuum column, the modernisation of the desulphurisation unit (HDS - hydrodesulphurisation), and the installation of a cogeneration unit. Petrogal has issued a challenge: to reduce the impact of the unit on the environment and increase the savings in energy. Our Portuguese team has been appointed to carry out the management of the construction work and so to support Fluor Corporation in its capacity as project manager and designer.
EUROPE, PORTUGAL
TPF GROUP / ACTIVITY REPORT 2008 page 42
NEW VETERINARY AND FOOD SAFETY REGIONAL LABORATORY OF MADEIRA ISLAND
TODOS OS SANTOS HOPITAL, Lisbon
NEW CENTRAL HOSPITALS, Algarve
NEW HOSPITAL CENTRES IN PORTUGAL, PUBLIC-PRIVATE
NEW VETERINARY AND FOOD SAFETY LABORATORY ON
PARTNERSHIP
THE ISLAND OF MADEIRA
It skills and experience in the hospitals field have allowed TPF Planege to be appointed as the official consultant to the Ministry of Health for the setting up of public-private partnership projects for the construction of hospitals. The contract, concluded for an initial period of 3 years concerns 4 hospitals : Todos os Santos (Lisbon), Algarve, V.N. Gaia and Povoa. All technical disciplines have been requested : architecture, structure, water, wastewater, electricity, telecommunications, HVAC and safety. Our team will be providing its technical knowledge during the tender submission phase and will be helping the Ministry of Health in all technical tasks up to the finalised detail design stage for each project.
This remarkable complex is made up of two adjoining buildings forming an angle, one of which, the western side is occupied by the general and administrative services, and the other, the eastern side, is used for veterinary diagnostics and food safety control laboratories (food microbiology, chemistry and residue services). Our Portuguese subsidiary has successfully carried out the management of the construction site.
VILA REAL DE SANTO ANTONIO PURIFICATION PLANT,
Algarve Region TPF Planege has been awarded the supervision of the construction of a wastewater purification plant at Vila Real de Santo Ant贸nio. Located over a surface area of 107,200 m虏, this purification plant with a population equivalent of 25,000 will reach an output of 41,130 m3 per day in high season by 2018. It will have several treatment units : preliminary treatment, biological treatment in small aerated tanks with circulation of the wastewater, tertiary treatment by sedimentation in setting tanks with ultra-violet radiation, sludge treatment by dehydration and final storage. After these operations the effluent will be discharged into the river Guadiana, in accordance with the legislation in force, by a sea outfall, and a part of this effluent will be used for spraying green areas such as gardens, golf courses, etc.
PORT DE FUNCHAL EXPRESSWAY, Madeira
Punctuated by bridges and tunnels, the new expressway with a total length of 1446 m will connect the roundabout at the port of Funchal and the Estrada da Liberdade interchange. This infrastructure includes several civil engineering works : a two-way tunnel 670 m long and 10.5 m wide, two one-way open section tunnels 145 m and 85 m long and 7 m wide, a bridge crossing the river Seco 70 m long, an overhead roadway 50 m long and finally three roundabouts connected to the existing road network. The road follows the partially channelled and sunken route of the river Seco over a distance of 809.5 m. Finally, at the end of this expressway, there is the Levada do Cavalo interchange, composed of two one-way slip roads connecting Estrada da Liberdade motorway. TPF Planege is responsible for the supervision of the construction work.
EUROPE, ROMANIA
page 43 TPF GROUP / ACTIVITY REPORT 2008
TPF Romania Romania, Europe
Whether it is a matter of industry, road infrastructures or other fields such as water treatment or energy, our Romanian
subsidiary has been able to establish itself despite a difficult global economic climate.
RAMNICU SARAT
POIANA CAMPINA
GIURGIU
In Romania, several major projects will be occupying us this year :
also planning the renovation and modernisation ation of the m municipal cultural centre.
POIANA CAMPINA
RAMNICU SARAT
In the region of Prahova to the north of Bucharest, more precisely in Poiana Campina, TPF Romania has joined a partnership for an infrastructure project relating to the pipe networks, the installation of purification plants, improvements to the local Ragman road and the modernisation of the cultural centre in the village of Bobolia. Our subsidiary has been asked to carry out not only the feasibility studies, topographical and geotechnical surveys, rveys, but also the energy audits.
Our subsidiary has carried out feasibility bility studies st relating to the construction of a future industrial park ark in R Ramnicu Sarat, in the Lower Carpathian region, with the integration of all of the urban data. In addition, the town council has also decided to renovate and improve its water pipe network, an assignment for which we have also been asked to carry out.
GIURGIU JUGURENI
Still in this same region, with a high potential for tourism, similar studies have been carried out, this time on the orders of the Jugureni town council. The purpose of these studies is firstly to improve the public water network in the village of Marginea Padurii, and secondly, to improve the local road network. This project is
So as to meet the need of the some 300,000 people living in the region of Giurgiu, to the south of Bucharest, arest, TPF R Romania will be carrying out, in partnership with our subsidiary T TPF-Utilities, the technical support for the supervision n of the work wor relating to renovation and extension of seven drainage nage and water w supply networks spread over three villages.
ASIA
TPF GROUP / ACTIVITY REPORT 2008 page 44
S.N. Bhobe & Associates Pvt. Ltd India, Asia
In India, our subsidiary has successfully expanded its sphere of activity in the motorway and railway sectors, and at the same
time has strengthened its presence in its essential fields of skills whilst continuing its expansion. Of course, India has not escaped the global financial crisis. However, even if SN Bhobe’s economic activity did slow down in the fourth quarter, its subsequent policy and the diversification of its services have fortunately made a strong contribution to reducing the detrimental effects of the crisis. Aware that retaining the loyalty of its personnel is one of the essential levers for improving the company’s output, SN Bhobe has also offered innovative initiatives regarding the management of human resources. BANDRA SKYWALK
GRANT ROAD SKYWALK
INDIA
page 45 TPF GROUP / ACTIVITY REPORT 2008
The results obtained have been, without any doubt, commensurate with the efforts made to clinch contracts during these difficult times. We now turn to the sectors that have been more buoyant in the last twelve months.
SKYWALKS
SN Bhobe can take pride in itself for having successfully taken part in the particularly daring design of the first pedestrian footbridge ever constructed in India : the “Skywalk”. This has been designed to ease the flow of pedestrian traffic in Mumbai, a necessity for India’s economic capital, which actually has the highest urban population density in the world. Thanks to the Skywalk, some areas are now linked together and social connections are now encouraged. With a length of 1500 m and a width of 4 m, the first covered footbridge at Bandra was opened in June, and it will now be used daily by 80,000 local inhabitants. Our subsidiary carried out all the operations, from design of the work to the supervision of it being put into service. And since then, in Mumbai, there are further projects. Amongst them are the huge skywalks at Kandivi in eastern Mumbai and Grant Road. With a length of 650 m, the Grant Road skywalk will be a particularly surprising design because of its one single pylon. These two prestigious projects represent, by themselves, an investment of 16 million euros.
ROADS
Another field in which our engineering firm has put a lot of work into this year has been road infrastructures. At about forty kilometres from Mumbai, the new Bhiwandi – Kalyan – Shil Phata road will be built, 21.6 km long, for which we have been asked, acting as independent engineers, to carry out the control and supervision of the work. Still in this field, SN Bhobe has become involved in projects relating to the improvement of the road network. 55.5 km of roads will be built for a total investment to the order of 63.45 million euros. In Surat, our teams have also concluded with the Surat Municipal Corporation, a project management consultancy contract relating to the construction of concrete roads, 23 m wide and a total length of 18 km. At the request of the Bruhat Bangalore Mahanagara Palika company, SN Bhobe has carried out work of preparation of detailed project report for part of Bangalore City roads under 4 packages. The total length of such four lane roads is 296.5 km, representing an investment of 165 million euros. In addition, we should mention that this design is part of the development and improvement project for the road corridor of Bangalore, the state capital of Karnakata as well as one India’s largest metropolitan cities. The Pune Municipal Corporation has also awarded our Indian subsidiary the project management consultancy and preparation of detailed project report for the development of a transport friendly infrastructure, 41 km long road, reserved for non-motorised traffic
ASIA
TPF GROUP / ACTIVITY REPORT 2008 page 46
RAMAMURTHY NAGAR UNDERPASS
TAPI CABLE STAY BRIDGE
such as pedestrians and cyclists. The purpose of this project, representing 19.5 million euros and supported by the World Bank, is to improve the safety and comfort of pedestrians.
Finally, we have been asked by the Municipal Corporation of Greater Mumbai to carry out a quality audit for the construction of ten roads.
Also as part of this area, we should mention the construction of seven flyovers in Thane, in the Mumbai suburbs, for a total investment of 32.31 million euros. These are the bridges at Kapurbawadi (3872 m), Meenatai Thakare (1423 m), Hariniwas (1152 m), Manpada (500 m), Patlipada (384 m), Waghbil (505 m) and the Thane Telephone Exchange (485 m). The services provided by SN Bhobe include the preparation of detailed project report and pretender activities. We should not forget the project management consultancy relating to the construction of two road over bridges in Nagpur, 324 m and 380 m long respectively, and representing an investment of 4.77 million euros.
FLYOVERS
RAILWAY LINES
We should mention our Indian subsidiary’s undeniable asset : its know-how and experience in the construction of bridges and flyovers.
In the rail sector, our Indian subsidiary was chosen by the Dedicated Freight Corridor Corporation of India Ltd to carry out the pretender activities. This is for construction work for an amount of 616.67 million euros for the improvement of the 160 km rail corridor used for freight transport, crossing the Mumbai ring road towards Surat and including some 570 civil engineering works.
A similar contract has been awarded to us by the Pimpri Chinchwad Municipal Corporation, this time relating to the construction of some 14.5 km of roads to a width of from 30 to 45 m.
In this area, this year SN Bhobe has managed to garner the signing of several major projects including the construction of four flyovers on the Dr. Ambedkar Road, the main arterial road connecting the centre of the city of Mumbai to its ring road, as well as the construction of a Cable Stayed Bridge, 300 m long, crossing the river Tapi in the state of Gujarat in western India.
In addition we should also mention the assignment for the technical support to the submission of tenders as part of the construction project of 54 major rail bridges throughout the country for which
page 47 TPF GROUP / ACTIVITY REPORT 2008
ELEVATED METRO RAIL STATIONS IN BANGALORE
an amount of 1 106.67 million on e euros will be invested. We should also note that, in addition, tion SN NB Bhobe e ha has also been asked by the appointed contractor to o ccarry out the detailed engineering engi design of the bridges that will be impressive by their total al le length (3.87 km). The bridges will have precast boxes, bo girders with pile and nd open foundations at Major River, creek k crossings. ngs gs The work of design review and nd project p je management maana consultancy co onssulta u cy relating to the doubling of the e9 93.4 3..4 . km m rrailway a ay lline ail ailwa ne be between ween nS Salka ka Road and Anuppur, in the Indian d n state s ate of M Mad Madhya dhy Pr Pradesh adesh has ades also been awarded to us by R Rail aill V Vikas kas Nig Niga Nigam m Lt Ltd Ltd, d a sub subsidiary sid ry of the Indian national rail company. pa We e should sh mention me that ha this project represents an investment of 2 29.7 million on euros. e . Finally, in a new area, we should mention the preparation ti of detailed project report and design relating to the construction of seven elevated metro rail stations in the centre of Bangalore, for a total investment of 40 million euros. The key aspect of this project is the major challenge : it is formally prohibited to interrupt traffic during the period of the works. The final result will be greatly innovative and have a particularly attractive aesthetic quality.
INDIA
AFRICA, ALGERIA
TPF AlgĂŠrie Algeria, Africa
TPF GROUP / ACTIVITY REPORT 2008 page 48
In Algeria, the railway sector is currently enjoying a real revival. TPF Planege, leader of a partnership with
GETINSA (Spain) and SAETI (Algeria), commenced his participation in another major project in the railway sector in Algeria. With the support of our engineering firm TPF AlgĂŠrie, this joint-venture supports ANESRIF, agency responsible for the investment in Algerian railway infrastructure, providing detail engineering review and construction management services.
This major project is a new railway ay lin line of aapproximately ximate 130 km, between Oued-Tlelat and Tlemcen. The e construction co struction works, w , with a total value of circa 1,500 million euros, includes d the construction uction of 3 new railway stations, viaducts duct and bridges with a total length ength of 14 km, 1,5 km of tunnels and nd m more than 23 milli million m3 of earth works. The new railway line on double track, electrified and fully
equipped with the he most modern signalisation and telecommunications systems, yst ms, will be built for a speed of 220 km/h. We should remind you that in 2007 an initial contract had been signed for similar services relating to the railway line between Annaba and Ramdane Ram Djamel.
AFRICA, ANGOLA
page 49 TPF GROUP / ACTIVITY REPORT 2008
TPF Angola Angola, Africa
The decision was taken a year ago to create a subsidiary in Angola. And our current opinion is final : we made the right choice.
CITY OF KILAMBA KIAXI
CITY OF CACUACO
In fact, the Angolan capital is under complete reconstruction and its suburbs have become an immense building site. Faced with a lack of building land in Luanda and the chronic shortage of housing, the State has just decided to finance property programmes and to set up construction projects on a grandiose scale such as those at Kilamba Kiaxi, Dundo and Cacuaco, which we particularly hold dear. And for a good reason, our Angolan subsidiary has had the opportunity to be awarded the design of the urban plans and the supervision of the construction work for these new cities.
NEW CITY OF KILAMBA KIAXI
Some 30 km to the northwest of Luanda, the new city of Kilamba Kiaxi will occupy an area of 880 ha and will house some 120,000 inhabitants (Phase 1). The completion of this project will provide for the inhabitants residential areas of 20,000 dwellings comprising buildings of 5 to 13 storeys, social buildings (administration, education, health, sport, leisure, etc.), shopping and business areas,
green spaces and public transport networks. From the urban point of view, the urban outlined design for the city is defined by an orthogonal reticulate mesh, based on a linear track of road axes, hierarchically well defined, with a transverse orientation north/ south, and longitudinal spring/west, which generates 44 blocks.
NEW CITY OF CACUACO
The chosen area of 200 ha is located about twenty kilometres to the northeast of the current capital Luanda. When the work has been completed, the new city will have 10,000 dwellings, comprising buildings of 5, 9 and 11 storeys, housing some 45,000 inhabitants (Phase 1). From the urban point of view, the city develops according to a reticulate structure that defines blocks. A surprisingly green town will rise up from the earth, surrounded by vegetation providing a welcome coolness in the tropical muggy heat. However, the development plan leaves nothing in the shade : it will provide financial and commercial premises, educational establishments, infrastructures (sports and leisure), a hospital, public transport networks, etc.
AFRICA - ANGOLA
TPF GROUP / ACTIVITY REPORT 2008 page 50
CITY OF DUNDO
NEW CITY OF DUNDO
Located 1193 km from Luanda, more precisely in the northwest of the country in the province of Lunda Norte, the new city will cover an area of 500 ha and in the near future will accommodate 90,000 inhabitants. Just like the other new cities, the urban plan is for the construction of infrastructures for the sectors for education, health, population, administration, business, tourism, as well as shopping centres, hotels, public recreation areas and public transport networks. A total of some 5000 dwellings (Phase 1) will be built in buildings of high, medium and low density 5, 9, 11 and 18 storeys. This time the urban planning will reflect a welldesigned radial structure. Away from the city centre, the urban space will be reserved for residential buildings (mono-functional zone, whose blocks formal development follows the logic of the radial city).
As you can see, each project closely follows specific outlines and it is to TPF Planege’s great merit that it has been remarkably inspired by the existing urban landscapes.
Our subsidiary’s exploits do not stop there. In another sector, the audiovisual sector, it has been asked with the help of the Portuguese TPF Planege team to carry out the design and supervision of the work for the construction of new studios for the first private TV channel in Angola TV ZIMBO.
In December 2008, the television channel TV Zimbo started broadcasting from their newly built facilities in Luanda Sul. These facilities consist in two buildings. One already existed and had an improvement on the ground floor with the construction of two new small studios, dressing rooms and a canteen. The other building was built from scratch to host the big studio, offices and other dressing rooms. The external areas have a parking lot and the technical area with water tanks, generators and fuel storage.
page 51 TPF GROUP / ACTIVITY REPORT 2008
Presentation of the accounts
CONSOLIDATED BALANCE SHEET
ASSETS FIXED ASSETS I.
FORMATION EXPENSES
II.
INTANGIBLE ASSETS
III. GOODWILL IV.
TPF GROUP / ACTIVITY REPORT 2008 page 52
2008
2007
€
€
527.644,68
596.809,21
2.035.579,52
2.474.178,24
9.083.071,37
9.723.469,65
100.873,86
TANGIBLE ASSETS
A. Land and buildings B. Plant, machinery and equiment C. Furniture and vehicles
627.378,36
776.661,33
1.038.805,50
1.236.754,46
584.672,44
625.689,04
D. Leasing and other similar rights E. Other tangible assets F. Fixed assets in progress
167,03
300,47
11.334.094,70
12.362.874,95
2.262.865,87
2.578.468,45
1. Shares
1.652.004,86
1.331.331,39
2. Amounts receivable
1.794.001,02
2.194.541,94
5.708.871,75
6.104.341,78
19.606.190,65
21.639.078,04
1.814.829,81
1.814.829,81
TOTAL IV. V.
FINANCIAL ASSETS
A. Companies consolidated by the equity method 1. Participating interests 2. Amounts receivable B. Other companies
TOTAL V.
TOTAL FIXED ASSETS
CURRENT ASSETS VI.
AMOUNTS RECEIVABLE AFTER ONE YEAR
A. Trade debtors B. Other amounts receivable
712,08
C. Deferred taxes TOTAL IV.
1.815.541,89
1.814.829,81
460.436,50
491.736,92
5.991.520,41
3.509.985,88
2.500,00
2.700,00
6.454.456,91
4.007.779,90
VII. STOCKS AND CONTRACTS IN PROGRESS
A. Stocks 1. Raw materials and consumables 2 Goods in process 3. Finished goods 4. Goods purchased for resale 5. Real property acquired or constructed for resale 6. Advance payments TOTAL A.
3.357,10
B. Contracts in progress
14.331.666,89
12.517.073,44
TOTAL VII.
20.786.123,80
16.524.853,34
41.317.122,75
39.934.271,30
VIII. AMOUNTS RECEIVABLE WITHIN ONE YEAR
A. Trade debtors B. Other amounts receivable
10.861.283,51
10.507.897,42
TOTAL VIII.
52.178.406,26
50.442.168,72
IX. INVESTMENTS
228.053,61
228.053,61
B. Other investments
A. Owned shares
2.229.736,69
3.008.697,10
TOTAL IX.
2.457.790,30
3.236.750,71
CASH AT BANK AND IN HAND
9.681.957,04
3.602.526,27
2.602.397,20
2.784.135,11
TOTAL CURRENT ASSETS
89.522.216,49
78.405.263,96
TOTAL ASSETS
109.128.407,14
100.044.342,00
X.
XI. DEFERRED CHARGES AND ACCRUED INCOME
page 53 TPF GROUP / ACTIVITY REPORT 2008
LIABILITIES EQUITIES I.
CAPITAL
II.
SHARE PREMIUM ACCOUNT
CONSOLIDATED BALANCE SHEET
2008
2007
€
€
13.299.386,00
13.299.386,00
III. REVALUATION RESERVES IV.
RESERVES
4.996.192,07
3.704.604,10
V.
BADWILL
1.597.943 ,50
1.480.786,02
VI.
CUMULATIVE TRANSLATION ADJUSTMENTS
-349.792,33
19.422,58
594.884,29
695.808,71
TOTAL GROUP EQUITIES
20.138.613,53
19.200.007,41
VIII. THIRD PARTIES INTERESTS
3.737.421,39
3.737.075,99
23.876.034,92
22.937.083,40
VII. GRANTS
TOTAL GROUP AND THIRD PARTIES EQUITIES IX. PROVISIONS AND DEFERRED TAXES
A. Provisions for liabilities and charges
137.387,50
117.346,19
B. Tax provision
478.412,26
446.750,18
C. Important repairs and important maintenance D. Other risks and charges E. Deferred taxes TOTAL IX.
976.193,24
975.738,85
2.085.755,20
1.685.636,82
38.588.94 3.716.337,14
3.225.472,04
2.051.043,95
1.937.955,60
350.100,00
490.140,00
DEBTS X.
AMOUNTS PAYABLE AFTER ONE YEAR
A. Financial debts 1. Subordinated loans 2. Unsubordinated debentures 3. Leasing and other similar obligations 4. Credit institutions 5. Other loans TOTAL A.
66.474,56
94.507,76
12.258.395,21
9.955.266,87
4.362.522,95
417.128,62
19.088.536,67
12.894.998,85
8.625.478,09
3.957.513,81
B. Trade debts 1. Suppliers 2. Other trade debts TOTAL B.
C. Amounts received for orders D. Other amounts payable TOTAL X.
5.485,00
7.575,00
27.719.499,76
16.860.087,66
4.340.469,70
4.715.889,04
12.991.160,27
17.257.821,85
XI. AMOUNTS PAYABLE WITHIN ONE YEAR
A. Current portion of amounts payable after one year B. Financial debts 1. Credit institutions 2. Other loans TOTAL B.
1.709.711,77
2.792.367,87
14.700.872,04
20.050.189,72
12.627.945,87
14.019.147,14
12.627.945,87
14.049.147,14
3.301.822,40
2.453.651,02
C. Trade debts 1. Suppliers 2. Other trade debts TOTAL C.
D. Advances received on contracts in progress
30.000,00
E. Taxes, remuneration and social security 1. Taxes
4.042.835,16
3.051.973,83
2. Remuneration and social security
5.597.282,97
4.690.730,93
TOTAL E.
9.640.118,13
7.742.704,76
F. Other amounts payable
2.181.598,90
4.242.046,40
46.792.827,04
53.253.628,08
7.023.708,30
3.768.070,81
TOTAL LIABILITIES
81.536.035,10
73.881.786,55
TOTAL LIABILITIES
109.128.407,16
100.044.341,99
TOTAL XI. XII. ACCRUED CHARGES AND DEFERRED INCOME
CONSOLIDATED PROFIT AND LOSS ACCOUNT
CONSOLIDATED PROFIT AND LOSS ACCOUNT
I.
TPF GROUP / ACTIVITY REPORT 2008 page 54
2008
2007
€
€
74.295.562,22
70.646.336,98
4.183.576,12
1.989.514,23
OPERATING INCOME
A. Turnover B. Increase ; Decrease in stocks of finished goods, work and contracts in progress (+, -) C. Capitalized production D. Other operating income TOTAL I.
II.
1.596.052,45
1.486.346,54
80.075.190,79
74.122.197,75
21.145.138,46
25.541.357,10
OPERATING EXPENSES
A. Raw materials, consumables and goods for resale 1. Purchases 2. Increase ; Decrease in stocks (+, -)
-296.520,39
-264.726,01
TOTAL A.
20.848.618,07
25.276.631,09
B. Services and other goods
18.596.138,57
15.671.367,56
C. Remuneration, social security costs and pensions
31.957.765,51
27.577.018,32
1.583.649,98
1.589.823,24
D. Depreciation of and other amounts written off establishment costs, intangible and tangible fi xed assets E. Increase ; Decrease in amounts written off stocks, 270.189,35
1.428.850,07
F. Increase ; Decrease in provisions for liabilities and charges (+,-)
contracts in progress and trade debtors (+,-)
452.276,16
-1.020.790,96
G.Other operating expenses
472.093,90
336.806,58
74.180.731,54
70.859.705,90
5.894.459,25
3.262.491,85
H. Capitalized charges corresponding to formation expenses I. Depreciation of goodwill TOTAL II.
III. OPERATING RESULT
IV.
FINANCIAL INCOME
A. Income from financial fi xed assets
126.669,31
40.434,52
B. Income from current assets
554.921,50
968.974,33
C. Other financial income
412.211,40
383.738,17
1.093.802,21
1.393.147,02
2.531.415,13
1.947.240,61
C. Other financial expenses
168.104,52
481.530,23
D. Depreciation of goodwill
568.598,72
559.162,18
TOTAL V.
3.268.118,37
2.987.933,02
CURRENT RESULT OF THE CONSOLIDATED COMPANIES BEFORE INCOME TAXES
3.720.143,09
1.667.705,85
6.607,66
1.300.000,00
44.436,14
85.948,38
TOTAL IV.
V.
FINANCIAL EXPENSES
A. Interests, etc B. Increase ; Decrease in amounts written off current assets other than those mentioned under II.E. (+,-)
VI.
VII. EXTRAORDINARY INCOME
A. Release of depreciation and amounts written off intangible and tangible fi xed assets B. Release of provisions for financial investments C. Release of provisions for extraordinary liabilities and charges D. Gain on disposal of fi xed assets
714,94
E. Other extraordinary income
193.278,43
387.214,46
TOTAL VII.
244.322,23
1.773.877,78
page 55 TPF GROUP / ACTIVITY REPORT 2008
CONSOLIDATED PROFIT AND LOSS ACCOUNT
CONSOLIDATED PROFIT AND LOSS ACCOUNT
2008
2007
€
€
VIII. EXTRAORDINARY EXPENSES
A. Extraordinary depreciation of and extraordinary amounts written off establishment costs, intangible and tangible assets
102,64
B. Amounts written off for financial investments C. Amounts written off financial fi xed assets D. Provisions for extraordinary liabilities and charges E. Loss on disposal of fi xed assets
1.036.321,71 14.959,03
4.012,14
110.560,61
135.981,21
125.519,64
1.176.417,70
3.838.945,68
2.265.165,93
F. Other extraordinary expenses G.Extraordinary depreciation on goodwill TOTAL VIII.
IX. RESULT FOR THE PERIOD OF THE CONSOLIDATED COMPANIES BEFORE TAXES
X.
TRANSFERS TO AND FROM DEFERRED TAXES
A. Transfers to deferred taxes
40.855,36
B. Transfers from deferred taxes
XI. INCOME TAXES
A. Taxes B. Adjustment of taxes and release of provision for taxes
XII. PROFIT FOR THE FINANCIAL YEAR
2.169.127,93
1.658.609,84
-42.488,26
-16.352,85
1.671.450,65
622.908,94
XIII. RESULT OF COMPANIES CONSOLIDATED BY THE EQUITY METHOD
A. Profit B. Loss
XIV. CONSOLIDATED PROFIT
XV. RESULT OF THIRD PARTIES
XVI. RESULT OF THE GROUP
223.826,62 172.788,29
1.498.662,36
846.735,56
207.073,85
-84.773,83
1.291.588,50
931.509,40