Last €34.47 EUR
Change Today +0.62 / 1.83%
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06/24/14 - €46.62
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tecnicas reunidas sa (TRE) Details

Técnicas Reunidas, S.A., a general contractor, is engaged in the engineering, design, and construction of various industrial facilities primarily in refinery, gas, and power sectors worldwide. The company operates in Oil and Gas, Power, and Infrastructure and Industry areas. It designs and builds basic refining plants, plant conversions, and octane enhancement projects in the refining sector; chemical plants and fertilizer units, as well as monomers, polymers, and plastics producing and processing plants in the petrochemicals sectors; and gas treatment and fractionation plants, oil and gas pipelines, and compressor stations, as well as natural gas, liquefaction, regasification, and storage plants. The company also provides engineering, purchasing management, and construction services for fossil fuel power plants, nuclear plants, solar power plants, and treatment and/or recovery of biomass and waste power plants, as well as for CO2 research projects. In addition, it executes project works in infrastructure and environmental areas, including water desalination, drinking water supply and treatment, urban and industrial waste water treatment, urban and industrial solid waste treatment, treatment and revalorization of special wastes, and other activities as well as airports and air transport, roads and railways, ports and coasts, and architecture, buildings, and urbanism. The company was formerly known as Lummus Española, S.A. and changed its name to Técnicas Reunidas, S.A. in 1972. Técnicas Reunidas, S.A. was founded in 1960 and is headquartered in Madrid, Spain.

Founded in 1960

tecnicas reunidas sa (TRE) Top Compensated Officers

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tecnicas reunidas sa (TRE) Key Developments

Tecnicas Reunidas Announces Interim Dividend, Payable on January 15, 2015

Tecnicas Reunidas announced the distribution of an interim dividend of EUR 0.667, payable on January 15, 2015.

Yara Selects Tecnicas Reunidas to Build Norway Nitric Acid Plant

Tecnicas Reunidas has been selected by Yara as the main contractor for the building of its new nitric acid plant at its facility in Porsgrunn, Norway. The work is part of the $341 million expansion project approved by the board of Yara International in late October which is intended to increase nitrogen phosphate potassium (NPK) and calcium ammonium nitrate (CAN) capacity at the facility. The company announced that the contract is valued at approximately €85 million. When completed, the nitric acid plant will mainly supply raw material for the development of the NPK lines. It is expected when the expansion efforts is finalized that there will be an additional 50,000 tones/year of capacity. The firm, which previously completed the front end engineering package, also has been chosen to utilize its own technology package in the building of the plant which is being constructed with a designed capacity of 1.050 tonnes/day. The company also announced that the company is currently engaged by Oslo-based Yara on the execution of a complete grass roots nitric acid and ammonium nitrate project in Australia with expected start-up during the second quarter of 2015 but provided no further details.

Tecnicas Reunidas, S.A. Reports Earnings Results for the Nine Months of 2014; Provides Financial Guidance for 2015

Tecnicas Reunidas, S.A. reported earnings results for the nine months of 2014. For the period, the company reported profit before taxes grows to EUR 121.2 million. Net financial results is slightly lower than last time, has been supported a little bit by some positive gains in foreign exchange. The company is optimistic about 2015 because the awards or the diversification strategy over the last 2, 3 years is proving to be right.


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