CFE - 2006 annual report - Vinci
CFE - 2006 annual report - Vinci CFE - 2006 annual report - Vinci
(in millions of EUR) 2006 2005 Order book 33.4 19.8 as of December 31 Activity 32.5 15.1 Both companies continued their respective growth in Hungary and Slovakia. The “Centre Point II” office building was delivered in the middle of 2006 to GTC and resulted in GTC winning the 2006 “Best Overall Development” prize. The first residential project, Corvinus Palace, was almost complete at the end of 2006, as were the new office block of National Instruments in Debrecen, whose delivery was scheduled for February, 2007 and which was completed in a record time of eight months. In Slovakia, the “Park One” project was enclosed before winter, and a contract for tenant fit-out work was signed at the beginning of 2007, which will ensure continued activity in 2007. August 2006 was marked by the signing of two major contracts. The first was for the construction of the “Aréna In May 2006 CFE Hungary obtained the contract for the construction of the offices of National Instruments in Debrecen. This building comprise of 4 floors with base- ment, with a total area of 3,500 m 2 . László Lehoczki, 45 years Project Manager Our task included shop drawings and general construc- tion, with a deadline of 7 February 2007. Debrecen is the third largest city in Hungary but the 230 km distance from Budapest was enough to make the integration with the local contractors and subcontractors difficult. Eniko ´ Köteles Corner” office building for Raiffeisen Real Estate (47,000 m 2 ) while the second was for the construction of “Aréna Plaza”, the largest shopping and entertainment centre of central Europe with a total surface area of 186,000 m 2 . Following an initial design contract for the new Ergon fac- tory in Ploiesti, a decision was made in December 2006 to establish a presence in Romania. Nevertheless the most difficult task was to select the local subcontractors and make CFE known in that new area. Deadline and quality were a high priority for the client during the whole construction due to the fact that the opening of the new office building was fixed at the beginning. Moreover, our weekly time schedules were tracked in Texas. We handed over the project in due time to the satisfac- tion of both the client and the project architect. Thanks are due to the local subcontractors and, significantly, to the ‘spring-like’ winter. Personally I have been working on different projects at CFE for 11 years. Basically each project consists of similar modules but they are different in detail and have to be adapted according to the project needs. Every project brings an experience. Construction is a continuous study for me. Bernard Cols Péter Rapkay, Patrick Dubruille, Georgia Kacimbarisz, Pascal Steens, “Aréna Plaza” Shopping and Entertainement Centre. Design: Casiopea. 4 7
4 8 Lorem Gérard Ipsum Bourelly, dolor Youssef sit Merdassi, amet consect Luc Vandeputte, dolor Vincent sit amet Fiérin consect dolor sit am consect dolor sit amet consect dolor sit amet consect. While 2005 was essentially characterized by the organi- zation of major prospecting campaigns focused on a search for emerging markets in the world, 2006 allowed us to study major projects in regions as diverse as Africa, Central Europe and India. Given the scope of the projects and the reputation of the clients, emphasis was placed on prior assistance to the customer by making the technical expertise present in the company, such as the preparation of design and con- struction schedules, the optimization of specific methods and means of execution, the preparation of variants to the project and the definition of criteria concerning techni- cal and architectural trades available with the aim of creating a partnership with the potential customer instead of being simply a contractor. All of this required and was made possible by very significant bolstering of the Laurent Elslander, 27 years Project Engineer My impressions on my first sixth months spent on the edge of the desert on the coast of Qatar can be summarized as follows: • First of all, forget about four seasons and moderate temperatures. In Qatar, in summer, temperatures can reach 54°C with a relative humidity of close to 90%, which prevents you from going outside without your air conditioning. In winter, the amount of daylight is at most one hour less than in summer, but temperatures are milder. department’s teams, which thus allowed simultaneous monitoring of major projects. The work accomplished by the CFE International teams in 2006 allowed us to single out four countries that will become the targets of sustained prospecting in 2007; these are Serbia, Bulgaria, Algeria and Senegal. Only real opportunities where we have a pref- erential advantage will be followed up in other countries. The effective presence of CFE in Qatar which through its subsidiary CFE Qatar, is associated in the execution of the rock works of the Southern Breakwater project. CFE International’s ambition is to restore the company’s intercontinental dimension by returning to major foreign markets. The execution of the awarded projects will once again give CFE the international showcase that it has always claimed to have for over a century now. • In Middle Eastern countries, construction workers are primarily from South Asia: India, Pakistan, Nepal, Thailand, etc. Working with labourers who often only speak a few words of English is a very enriching experience. • Site infrastructures in the middle of a highly secured industrial city on the edge of the desert and the sea required a lot of attention and special design on our part. A base camp was created for the single personnel and construction workers. In conclusion, all that remains to be said is to wish us all good luck for the completion of this project, but let’s use the well-known local expression: “Inch Allah”.
- Page 1 and 2: Compagnie d’Entreprises CFE SA A
- Page 4 and 5: Well-managed growth With a 19% incr
- Page 6 and 7: Men and women serving the group ●
- Page 8 and 9: July • Delivery of the renovated
- Page 10 and 11: Philippe Ratynski Philippe Ratynski
- Page 12 and 13: IFRS Belgian Standards Data in EUR
- Page 14 and 15: from the left to the right: Patrick
- Page 16 and 17: Workforce developments in the Const
- Page 18 and 19: Last, but not least, we must emphas
- Page 20 and 21: Evolution of the frequency rate - D
- Page 22 and 23: Theme Commitments Initiatives Human
- Page 24: 2 3
- Page 27 and 28: 2 6 Overall view of the watertreatm
- Page 29 and 30: 2 8 In the Netherlands, the work do
- Page 31 and 32: 3 0 Koen Vande Voorde, 37 years Sit
- Page 33 and 34: 3 2 Façade of “Résidence Theys
- Page 35 and 36: 3 4 Extension of Dredging Internati
- Page 37 and 38: 3 6 New all-purpose sports centre
- Page 39 and 40: 3 8 Construction of an office build
- Page 41 and 42: 4 0 Suite of offices for the Europe
- Page 43 and 44: 4 2 Museum of Modern Art in Luxembo
- Page 45 and 46: 4 4 Lorem André de Ipsum Koning do
- Page 47: 4 6 Bernard Cols Bruno Lambrecht, C
- Page 51 and 52: 5 0 “Médiacité” business comp
- Page 53 and 54: 5 2 “Sand Court” project for th
- Page 55 and 56: 5 4 “Botanic” building in Bruss
- Page 57 and 58: 5 6 Patrick Van Craen Damien Quinet
- Page 59 and 60: 5 8 New lighting for the large hall
- Page 61 and 62: 6 0 Saint-Michel clinic in Brussels
- Page 63 and 64: 6 2 Erecting of catenaries by Engem
- Page 65 and 66: 6 4
- Page 67 and 68: 6 6 from the left to the right: Mar
- Page 69 and 70: 6 8 The brand new trailer “Mariek
- Page 71 and 72: 7 0 In Richard’s Bay, South Afric
- Page 73 and 74: 7 2 ● Venezuela DI further consol
- Page 75 and 76: 7 4 DEC was selected as one of the
- Page 77 and 78: 7 6 Financial report Corporate gove
- Page 79 and 80: 7 8 Table of contents Corporate gov
- Page 81 and 82: 8 0 Corporate governance 1. Composi
- Page 83 and 84: 8 2 Bernard Huvelin VINCI 1, cours
- Page 85 and 86: 8 4 Co-opted Director whose nominat
- Page 87 and 88: 8 6 2. Operation of the Board of Di
- Page 89 and 90: 8 8 2.2 The Appointments and Compen
- Page 91 and 92: 9 0 3.3 Compensation of the Managin
- Page 93 and 94: 9 2 Remuneration of the auditors of
- Page 95 and 96: 9 4 Dredging & environment segment
- Page 97 and 98: 9 6 Contribution to the net resultp
4 8<br />
Lorem Gérard Ipsum Bourelly,<br />
dolor Youssef sit Merdassi, amet consect<br />
Luc Vandeputte,<br />
dolor Vincent sit amet Fiérin consect dolor sit am<br />
consect dolor sit amet consect<br />
dolor sit amet consect.<br />
While 2005 was essentially characterized by the organi-<br />
zation of major prospecting campaigns focused on a<br />
search for emerging markets in the world, <strong>2006</strong> allowed<br />
us to study major projects in regions as diverse as Africa,<br />
Central Europe and India.<br />
Given the scope of the projects and the reputation of the<br />
clients, emphasis was placed on prior assistance to the<br />
customer by making the technical expertise present in<br />
the company, such as the preparation of design and con-<br />
struction schedules, the optimization of specific methods<br />
and means of execution, the preparation of variants to the<br />
project and the definition of criteria concerning techni-<br />
cal and architectural trades available with the aim of<br />
creating a partnership with the potential customer instead<br />
of being simply a contractor. All of this required and<br />
was made possible by very significant bolstering of the<br />
Laurent Elslander, 27 years<br />
Project Engineer<br />
My impressions on my first sixth months spent on the edge<br />
of the desert on the coast of Qatar can be summarized as<br />
follows:<br />
• First of all, forget about four seasons and moderate<br />
temperatures. In Qatar, in summer, temperatures can<br />
reach 54°C with a relative humidity of close to 90%,<br />
which prevents you from going outside without your air<br />
conditioning. In winter, the amount of daylight is at most<br />
one hour less than in summer, but temperatures are<br />
milder.<br />
department’s teams, which thus allowed simultaneous<br />
monitoring of major projects. The work accomplished by<br />
the <strong>CFE</strong> International teams in <strong>2006</strong> allowed us to single<br />
out four countries that will become the targets of sustained<br />
prospecting in 2007; these are Serbia, Bulgaria, Algeria<br />
and Senegal. Only real opportunities where we have a pref-<br />
erential advantage will be followed up in other countries.<br />
The effective presence of <strong>CFE</strong> in Qatar which through its<br />
subsidiary <strong>CFE</strong> Qatar, is associated in the execution of the<br />
rock works of the Southern Breakwater project.<br />
<strong>CFE</strong> International’s ambition is to restore the company’s<br />
intercontinental dimension by returning to major foreign<br />
markets. The execution of the awarded projects will once<br />
again give <strong>CFE</strong> the international showcase that it has<br />
always claimed to have for over a century now.<br />
• In Middle Eastern countries, construction workers are<br />
primarily from South Asia: India, Pakistan, Nepal,<br />
Thailand, etc. Working with labourers who often only<br />
speak a few words of English is a very enriching<br />
experience.<br />
• Site infrastructures in the middle of a highly secured<br />
industrial city on the edge of the desert and the sea<br />
required a lot of attention and special design on our part.<br />
A base camp was created for the single personnel and<br />
construction workers.<br />
In conclusion, all that remains to be said is to wish us all<br />
good luck for the completion of this project, but let’s use<br />
the well-known local expression: “Inch Allah”.