CFE - 2006 annual report - Vinci

CFE - 2006 annual report - Vinci CFE - 2006 annual report - Vinci

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(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”.

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”.

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