General Shareholders Meeting 2012 News: Sacyr, the Group’s new brand Group: International Contract Management
The birth of Sacyr Industrial
View of the Los Hornillos plant in Valencia
he creation of Sacyr Industrial from various assets already held by Valoriza, and the new alliances created to enter the electrical, chemical, oil and gas facility construction sectors is an important strategic step for Sacyr. There are many projects in these areas worldwide, and our involvement in them will generate new activity that will contribute to the Group’s sustained growth. In both Latin America and the Middle East there are many ongoing energy projects that require the presence of strong industrial groups that are both experienced in engineering and client-oriented. Visibility for Sacyr Industrial is one of the most important points of the Group’s strategy for the future, which was announced at the most recent General Shareholders’ Meeting. Our commitment to the business areas in which we are internationally renowned, such as construction and concessions, together with
this new industrial division, will be our engines for growth. Property and services will remain essential to the stability, diversity and strength of our profits and our liquidity. The property promotion area will continue to make enormous efforts to consolidate its position. This will make Sacyr stronger, more international and more innovative, emphasising even more strongly the Company’s traditional values: prudence, austerity, quality, honouring its pledges, etc. These values are essential if we are to emerge stronger from Spain’s current crisis. This strategy is impossible to implement without unity. The major efforts we all make every day for Sacyr to achieve its aims would be in vain unless we were convinced of what we are doing. Teamwork at every level, with realistic, shared goals, is essential if the Group is to advance, if the talent possessed by those who work at Sacyr is to become, slowly but surely, a successful reality for all.
Summary of Contents The birth of Sacyr Industrial
International Contract Management
General Shareholders’ Meeting 2012
New Corporate Logo
Sacyr Concesiones in Hospital Projects
News: Sacyr Concesiones and Somague
Contracts Awarded, Sites Opened
Published by: Sacyr Communication Design and layout: Chacra Comunicación www.sacyr.com [email protected] 2
Access to the Los Hornillos Plant in Valencia
The birth of Sacyr Industrial T
he Sacyr group approaches the future according to a strategy based on two main pillars: improvement of the businesses in which the company is already a leader and an expert, and strengthening of two new growth engines: the construction and concessions associated with its international perspective and a new division: Sacyr industrial. PRINCIPAL FIGURES FOR SACYR INDUSTRIAL Engineering department with more than 150 specialised technicians Proprietary technological processes for waste treatment International reference in waste treatment and recovery International reference in co-generation and biomass Designed and built more than 40 waste-treatment plants Reference projects representing more than 900 MWe (EPC) in generation and co-generation More than 100 MWe constructed for energy recovery from waste More than 170 technicians specialised in plant operation and maintenance Operating more than 200 MWe of generation plants
Sacyr Industrial is the result of the integration of the different specialised companies and areas of our company that are dedicated to engineering and industrial construction: ✔ Valoriza Energía: Developer and owner of Sacyr’s renewable energy plants.
✔ Valoriza Servicios Medioambientales (Design and Construction Area): Specialises in urban waste treatment and energy recovery plants. ✔ Iberese: Specializes in turnkey projects (EPC) for conventional and renewable energy plants, with experience in a wide range of industrial and Oil & Gas projects. ✔ Valoriza Energía O&M: Power plant operation and maintenance. Sacyr Industrial brings together all of its experience and capabilities to design and build a wide variety of industrial installations and plants, such as: • Waste treatment and energy recovery plants • Conventional power plants • Co-generation and renewable energy plants • Electrical substations and transmission lines • Industrial plants and factories • Oil & Gas installations and infrastructure • Bio-fuel processing Sacyr Industrial specializes in engineering and turnkey execution (EPC) of industrial plants and power plants, with reference projects representing more than 900 MWe in different technologies, covering “all stages” from design to works management. Although it specialises in the energy sector, Sacyr Industrial has the proven capacity to confidently undertake the design and execution of largescale industrial installations. In addition to the aforementioned engineering and construction services, Sacyr Industrial has an area that specialises in the operation and maintenance of industrial and power plants, with the ultimate goal of offering its clients integrated projects backed by the most solid guarantees. 3
Cover Energy Sacyr Industrial is one of the leading renewable energy companies in Spain. It develops and operates its own plants with different technologies, and it is a national reference in energy recovery from biomass, currently operating more than 150 MW distributed among its 9 plants in Andalusia. The company is developing 5 new biomass plants in Spain with a total capacity of 70 MW. In addition to the biomass and co-generation plants, since the end of 2011, Sacyr Industrial has owned the Lebrija I solar thermoelectric power plant (Seville), with a capacity of 50 MWe, with parabolic-trough concentration technology, a proprietary development project built by Sacyr Industrial. Sacyr Industrial also has specialised teams for the development of renewable energy projects with other technologies, including: ✔ Wind power, with its own wind-resource calculation department. Sacyr Industrial is currently developing several wind farms with a combined capacity of more than 250 MW. ✔ Geothermal energy and District Heating & Cooling, with the capacity to carry out complete projects to produce electricity from high-enthalpy (deep) geothermal resources, and specialising in heating and cooling projects using lowenthalpy (surface) geothermal resources. In District Heating & Cooling, Sacyr Industrial has an operations plant in Jaén, which provides heating and cooling service to the companies in the Geolit Technological Park. ✔ With more than 130 references in power plants, 900 MW in engineering, project management, and turnkey (EPC) execution in all industrial sectors, Sacyr Industrial is reference in Spain in engineering and construction of conventional, cogeneration, and renewable energy power plants. ✔ Sacyr Industrial has its own specialised teams in all of the project disciplines, who carry out their activity in accordance with an integrated quality system with ISO 9001 and 14001 certification. ✔ Thanks to Sacyr’s experience and guarantees in large-scale construction and international projects, Sacyr Industrial is able to undertake the execution of large industrial installations. One example of this is the new Solar Silicon factory in Puertollano (Ciudad Real), which required an investment of more than 60 million euros and was successfully completed in 2010. ✔ Operating and maintaining plants is one of the factors that sets Sacyr Industrial apart from other companies that specialise in EPC construction, and it allows us to offer our clients safety and assurances during the operating phase as well. ✔ With more than 170 specialists and technicians, Sacyr Industrial currently operates and maintains plants with a total combined capacity of 200 MW. 4
Mining Industry Sacyr also has extensive experience in mining, as both a contractor and investor, and has carried out projects in Chile (copper mines), Argentina (gold and silver), Venezuela (gold and coal), Portugal (tin and kaolin), Colombia (coal), Thailand (anhydrite), and Algeria (ornamental rock). The Mining Industry is therefore one of the priority targets of Sacyr Industrial. Sacyr’s experience in the construction of large infrastructure and special projects, combined with Sacyr Industrial’s capacities in the energy and waste treatment sectors, make it possible for us to offer mining operations a wide range of projects, installations, and services, including: ✔ Accesses and civil works: Motorways, viaducts, tunnels, galleries, wells, ramps, caverns, waste dumps, silos, and dams. ✔ Electrical installations and infrastructure: Conventional and renewable energy power plants, with all technologies, power lines and substations up to 400 kV, motor control centres, low and medium-voltage installations, control systems. ✔ Water supply and management: Treatment and desalination plants, pools, distribution and pumping installations, wastewater treatment.
Trommels in the treatment building
✔ Processing plants and auxiliary systems: Treatment and chemical extraction plants, ventilation systems, conveyor belts, storage silos.
Waste treatment Sacyr Industrial is well-prepared to offer a wide variety of turnkey (EPC) projects for waste treatment and energy recovery plants, using the most efficient technologies and processes, including, among others: • Mechanical sorting installations • Automatic sorting of recoverables using optical and infrared systems • Dry pretreatment systems for organic matter • Aerobic and anaerobic digestion systems • Degassing and energy recovery from waste dumps (proprietary technology) • Biomethanization of the organic fraction of SUW • Biosolids composting • Thermal energy recovery from waste • Thermal sludge drying • Treatment and recycling of electronic devices
Los Hornillos Urban Waste Treatment and Recovery Complex In terms of urban waste treatment and management plants, Sacyr Industrial has built the waste plant with the largest treatment capacity in Spain. It is located in Valencia and has a capacity of 400,000 tonnes a year: the Los Hornillos Urban Waste Treatment and Recovery Complex. 5
This Complex will process around 400,000 tonnes/ year of urban waste currently generated in the city of Valencia and its metropolitan area, which is made up of the capital and the 44 surrounding municipalities, with a total population of approximately 1,500,000. This complex was designed with the following principal objectives in mind: 1. eliminate odour emissions to nearby towns 2. maximise usable products 3. minimise organic content of the rejected fraction One of the key points in the design of the installations was to minimise environmental impact and to integrate the installations, both functionally and aesthetically, into the surrounding environment. To do this, in addition to carefully designing the architecture, the decision was made to carry out all processes that could generate odours inside closed buildings, capturing odours and then treating the air. A total of four pre-treatment lines were installed, together processing a total of 400,000 tonnes of urban waste per year. The first two lines (Lines 1 and 2) will be used for processing the Unsorted fractions; Line 4 will be used for the processing of the organic fraction gathered through selective collection. Line 3 will initially be used for processing the Unsorted fractions and the Other fraction. This gives the installation the flexibility to absorb the variations that result from the collection of the three fractions, with the possibility of receiving either raw waste or waste that has been sorted at the point of origin. The design also takes into account sanitary waste in groups I and II. Landscaping and tree-trimming waste, estimated at 36,000 tonnes per year, will be previously shredded for use as a structuring component in the composting of organic waste. PRETREATMENT 1. Classification process for unsorted waste (Lines nº1 and nº2) Two parallel lines (Line nº1 and Line nº2) have been installed for the Pre-treatment of Unsorted Waste, with a nominal capacity of 25 tonnes/hour, over which the flow of this type of waste will be carried. 2. Classification process for unsorted waste and selective organic fraction (Line nº3) The relative quantities of the different types of waste will evolve over time, and the amount of unsorted waste is expected to decrease, while the selective organic fraction and the other fractions increasing as implementation progresses. 3. Classification process for selective organic fraction (Line nº4) 6
The waste intake is the same as with the other lines, and the same fractions are selected in the primary sorting. The remaining flow is sent to the trommel which is used to obtain both the fine and coarse fractions. 4. Direct rejection line (Line nº5) The beginning of Line nº5 is located in the centre of the building that houses the intake and waste storage pits. This line could potentially be fed with the waste stored there using any of the three bridge crane and hydraulic bucket assemblies. Line nº5 is connected to the rejection discharge from Lines nº1 and nº2 on one side, and Lines nº3 and nº4 on the other. A series of covered outdoor conveyor belts carry materials to the reject press building, where two alternating presses bale the rejected waste. The bales are carried to the storage and/or loading zone for loading onto lorries with a forklift, and later transport to the elimination plant. STORAGE OF RECOVERED PRODUCTS The materials recovered on the pre-treatment lines and based for treatment are stockpiled in an outdoor recovered products warehouse constructed for this purpose, for later transport
Compost tunnel building
PROCESSING OF THE ORGANIC FRACTION The plant is equipped with an interconnection system that automatically distributes the organic fraction obtained from the pre-treatment process to the two available systems for the composting of organic material (tunnels and bucket wheel), while at the same time allowing organic material from selective collection to be separated from the material from non-selective collection. This installation has also been designed with the possibility of taking the organic fraction that is extracted from tunnels and may require reprocessing due to special circumstances (malfunctions, insufficient quality, etc.), and recirculating it back to the tunnels. LEACHATE PROCESSING In terms of the leachates generated in the plant, due to the need for high levels of contaminant elimination, a solution with the following stages was adopted: an active biological stage with denitrification and nitrification, ultrafiltration for complete separation of the biomass from the treated water, and a reverse osmosis installation that covers all of the ultrafiltration permeate to reduce non-biodegradable contaminants. Both the biomass recovered in the ultrafiltration stage, as well as
the final permeate obtained, is reincorporated into the process. ODOUR TREATMENT The complex includes an odour treatment system that uses biofilter treatment, after passing through a scrubber or gas treatment chamber. Three biofilters were installed with a total surface area of the upper beds of more than 6,400 m2. The plant was designed so that the sources of gaseous emissions that could create unpleasant odours are concentrated in the same zone in order to properly treat them. There is a general intake in the reception, pre-treatment, bucket wheel building, composting, and maturation zones, which carries all of the air and gasses to deodorisation. The purification and finished compost storage zones are also equipped with intakes. CLASSROOM Finally, the complex includes a classroom, an exhibit space intended for the public, which will house different exhibits that explain and describe the entire urban waste recycling and treatment process. For children, there are educational workshops that use games to teach the relationship between waste, the city, and energy. ■ 7
In the group
International Contract Management S
acyr Construcción’s international expansion is reflected in its order book (of which 78% consists of contracts abroad). Behind these ﬁgures lies the work of International Contract Management, which bids for international construction tenders, and the cooperation of Somague, Sacyr Chile, SIS and Sacyr Concesiones. Sacyr’s commitment to organic growth abroad has been centred on Europe and Latin America. It emerged in 1996, when it won its first construction and concession contract in Chile. Later it entered Costa Rica and Ireland, also with construction and concession projects, and Italy with road and rail projects. This international expansion has been reinforced by Somague’s activities in Portugal, Angola, Cape Verde, Mozambique and Brazil. International Contract Management, which is part of Contract Management, was created eight years ago. Originally it was a small team headed by Fernando Simôes, who still has links with the Group in Somague. Roberto Gallardo took over two years ago. He now has a twelve-person team in the Madrid offices, together with 11 representatives of the offices opened by the Group abroad, in Panama, Mexico, Peru, Colombia, Chile, Italy, Qatar, India, Australia, Algeria and the US. They all work together towards the organic growth of the Group’s international business: in the offices abroad 8
they also work with the services and concessions divisions. Office Representatives Representatives of the offices in each country are responsible for analysing new markets the Group wishes to enter, identifying projects and finding local partners with whom to bid for both construction and concession or service tenders. The Study Department prepares bids for construction projects, in conjunction with the partners for each project, and compiles all the necessary documents: design (internal or external), cost study, insurance, funding, legal advice, etc. Submitting tenders abroad is becoming more and more competitive, because in general the only projects governments put out to international tender are those that require more complex design and technology. This is an area in which Sacyr already has experience, the primary example of which is the expansion of the Panama Canal. For the Director of International Contracts, success in international tenders, for which up to 30 consortiums sometimes submit bids, essentially requires a match between the contract in question and the Company’s areas of expertise, or regions where the Company is well established.
targets are India and Panama, the Middle East, Peru, Team members’ strengths must complement Mexico, the USA and Australia, in that order. each other, and teams must be formed far enough Roberto Gallardo is proud of his team: “We are in advance to study the project specifications so that open-mind and very international. Some of us are from value can be added to the proposal using alternative other countries, and others have lived abroad. We work solutions or hi-tech construction processes. We will conscientiously on each project, confident that we will be in a position to put these conditions into practice, win it.” Nevertheless, he does admit that “for each new provided we or our partners know the market in which contract you have to feel excited again and reinvent we wish to operate. yourself, and see it as a new challenge.” Last year, International Contract Management ■ submitted 49 tenders in 16 countries, for a value of 8.791 billion. Of Organisation Chart these, they won the contracts for the stretch of motorway from Cali to Roberto Gallardo Buenaventura in Colombia and three Director of International Contracts concessions in Chile, the access Business Development road to the El Morro mine, ancillary Derek Daly - José Luis de Ferrando Technical Director Director for Bids projects in Salerno, Italy and others. Luis Fernando Martín Roberto Gómez Panama: César Sánchez This success rate is in line with the Colombia & Mexico: Julio López international average for the industry. Project Managers Peru: Rafael Grau Legal This year, the Group aims to exceed Fernanda Vaca Clara Cerdán Documents Chile: Guillermo García y Mauricio Burgos Guillermo Hernández 10 billion in bids. Arancha Gutiérrez Susana Sánchez Italy: Jaime Domínguez Entering a new market is a long Qatar: José Luis Oliván process. On average it takes a Estimators Waytec Lorek maturing period of up to two years India: Juan Antonio Marín Javier Paredes Guillermo Cámara before the first contract is won. This Australia: José Antonio Sánchez means the Contracts Department Algeria: Gerardo Martín aims to enter one or two new markets USA: Raúl Romero each year. The most immediate 9
New Corporate Logo
The New Name for the Group S
ince 2003 the Sacyr Vallehermoso Group has used the logo that resulted from the merger. This name has achieved its aim of establishing a united group consciousness. Nine years later the Company’s corporate identity needs be given a new boost, with a new goal: to convey strength and an international outlook. As a result, the Board of Directors and the Management Committee have decided that Sacyr should be the Group’s new brand name. In a few months’ time, it will also become its company name. The change in brand name is just one part, though an important one, of a change in course for the Group; it is a development that recalls the Group’s origins (prudence, austerity, profitability) without breaking with the image it has built up in recent
years. The Group’s future lies in emphasising the development of its main businesses, construction and concessions, worldwide, and in increasing the size of its newly-created industrial division. Property will remain a basic pillar for the stability and equilibrium of the profit and loss account. Property promotion is adjusting to new market realities in Spain. The new name is easy to remember and pronounce on international markets, and Sacyr alone is already a consolidated brand worldwide in construction and concessions. As part of this positioning, the construction division has adopted the name Sacyr Construcción. Other subsidiaries will keep their current names. Their logos will adopt the new, more rounded background shape and
000-000 Portada.indd 2
The new company logo already appears in the 2011 Annual Report and all the documents that accompany it.
brighter blue colour. The new logo can be applied more flexibly, because it can be used both with and without the background, making it more varied and attractive. The launch of the new division, Sacyr Industrial, is another reason for the brand renewal, because Sacyr supports and strengthens the name of this INFORMES subsidiary with its historic brand qualities. ANUALES To launch this new identity, the Media Department and the Communications Department have created several working groups so that changes can be made gradually and unhurriedly, beginning with the simplest changes with the greatest visibility and ending with those that have least impact on the corporate image. The changes will be made as economically as possible, and will be announced to staff via the intranet system. ■
Sacyr Concesiones in Hospital Projects ➜ According to a survey, the facilities at Sacyr Concesiones’ three hospitals in Madrid are those
best rated by users ➜ Valoriza Facilities has obtained ISO accreditation for all-round management of non-medical
hospital services for Madrid hospitals
he Group’s experience in EPC projects, which include project execution, funding, construction and management, have enabled Sacyr Concesiones to become a point of reference in hospital concessions. It holds six concessions, five of which are already operational: Henares (Coslada, Madrid), Infanta Cristina (Parla, Madrid), Puerta de Hierro (Majadahonda, Madrid), Braga (Portugal) and Santo Espírito on Terceira Island (the Azores, Portugal). Construction work is ongoing at Vila Franca de Xira in Portugal. Synergies within the Group have enabled Sacyr Concesiones to have this strong presence in hospital management: it executed the project, obtained funding and will manage the hospitals for 30 years; Sacyr and Somague constructed buildings and their access roads; Valoriza Facilities provides maintenance, security, cleaning, sterilising, laundry, disinfection and pest control, urban and hospital waste, storage management, catering, administrative staff, internal and external transport and road and garden maintenance in the Madrid hospitals, and Cafestore also runs cafeterias in Spanish hospitals. The Group does not provide medical services, because in the towns of Vila Franca de Xira and Braga these are managed by the company Jose de Mello, while in the other four they are provided by the Spanish and Portuguese public health authorities. Thanks to this good management, Sacyr Concesiones’ turnover in hospitals accounts for 25% of its income from concessions. The Group’s concession subsidiary remains active in hospital concessions and is examining projects that are being put out to tender in Latin America. One example is Chile, where the government intends to put nine hospitals throughout the country out to tender in the near future. Origins and advantages Hospital PFIs (private finance initiatives) began in the UK in the 1990s, as a response to low levels of investment in public infrastructure associated with
Sacyr in hospital construction Sacyr and Somague have extensive experience in hospital construction and expansion projects. They have executed work for a total of more than 1.5 billion. In addition to the six establishments managed by Sacyr Concesiones, the Group has built large hospital complexes in Spain, for example in Asturias (292,984 m2); Valdemoro, Madrid (43,634 m2); Utrera, Seville (10,676 m 2); L’Horta, Manises, Valencia (49,860 m 2); Alcalá la Real, Jaén (10,230 m 2); Torrecárdenas, Almería (4,037 m 2) and Olot, Girona. It has also refurbished and expanded Valladolid’s University Hospital, and worked on hospitals in Talavera de la Reina (Toledo), Jerez de la Frontera (Cádiz) and Ponferrada (León). In Portugal, Somague has built Coimbra Paediatric Hospital and García de Horta in Almada (48,900 m²); in Angola, it has built Samba Hospital in Luanda (3,900 m 2) and Cazenga Hospital. It has also refurbished the Lucrecia Paim Maternity Unit in Luanda, and in Cape Verde it has worked on Santa Catarina Hospital on the island of Santiago (5500 m 2).
growing demand for scarce public resources. They were later also used in other European countries and in Canada, and are now being launched in Latin America. These models, which last for a project’s lifespan (design, construction, equipment, maintenance and services) have yielded an improvement in public resource performance, greater efficiency resulting from the use of the private sector’s experience in developing and managing infrastructure and services, and a reduction in project development and construction times. They also ensure long-term management of public infrastructure and facilities. Hospital concessions combine the strength of public healthcare and the management experience and knowledge of the private sector.
Interior of Hospital Infanta Cristina, Parla, Madrid. Hospital Santo Espírito, Terceira Island, the Azores. Hospital del Henares, Coslada, Madrid. Hospital Puerta de Hierro, Majadahonda, Madrid. Hospital de Braga, Portugal.
HOSPITALS Hospital del Henares, Coslada, Madrid. Fully owned by Sacyr Concesiones, operational since 2007. Its floor area is 80,000 m2. It has 187 in-patient beds, set to rise to 239 by 2017. Hospital Infanta Cristina, Parla, Madrid. Operational since 2007, fully owned by Sacyr Concesiones. It has 180 inpatient beds, set to rise to 247 by 2017, and a floor area of 77,000 m2. Hospital Puerta de Hierro, Majadahonda, Madrid. Sacyr Concesiones accounts for 20% of the consortium. The hospital, which replaces Puerta de Hierro Hospital, has been operational since 2008. It has 764 in-patient beds and a floor
Demonstrated Quality of Management In 2011 the Autonomous Region of Madrid carried out a patient satisfaction survey in all the province’s public hospitals. The three run by Sacyr Concesiones came first, second and third for facilities and how users were dealt with by staff. The Group’s hospitals have high scores, above 92%. Valoriza Facilities has also seen its excellent work recognised: it has obtained ISO 14001 and ISO 9001 accreditation for all-round management of nonmedical hospital services it provides in the three Sacyr Concesiones hospitals in the Autonomous Region of
area of 244,000 m². Hospital Santo Espírito, Terceira Island, the Azores opened in March this year, replacing Angra’s former hospital. The four-storey building has a net floor area of 50,000 m2 and 236 beds. Sacyr Concesiones accounts for 40% of the consortium. Braga Hospital, Portugal opened in July 2011. Its floor area is 102,403 m2. It has 705 beds. Sacyr Concesiones accounts for 51% of the consortium. Hospital Vila Franca de Xira, Portugal will open in late 2012. Somague owns 51% of the company awarded the contract. The hospital, which will have a floor area of 40,732 m2, will have 280 beds.
Madrid in which it operates. This makes Valoriza Facilities the first company in the whole of Spain to achieve this accreditation. The ISO management system defines quality and environmental standards for provision of the following services: cleaning, facility maintenance, road and garden maintenance, warehouse, distribution, reception and information management, centralised telephone services, internal and external transportation, auxiliary management and management of administrative personnel, security, catering, collection of urban and hospital waste, laundry, sterilising and insect and pest control. ■ 13
Sacyr Concesiones sells 45% of the Arlanzón motorway for 106.6 million Sacyr Concesiones has finalised the sale of 45% of the Arlanzón motorway to the Marguerite Fund, for a total sum of 106.6 million. The concessions subsidiary retains a 50% holding in the project, and Valoriza Conservación de Infraestructuras holds the remaining 5%.
f the 106.6 million of euros involved in the transaction, 82.4 million of euros corresponds to the debt associated with the 45% holding transferred to the Marguerite Fund, and 24.5 million of euros represents the purchase price. The project is part of the first-generation motorway network refurbishment programme. The contract was awarded in November 2007 as a shadow toll project, with a concession period of 19 years, by the Spanish Ministry for Development. It involves designing, constructing, maintaining and operating the A-1 Motorway between km 101 and 247, the Santo Tomé del Puerto-Burgos section. The A-1 Motorway is one of the most important roads in Spain, linking Madrid to the Cantabria, Basque Country, La Rioja and Navarra regions, as well as France by way of Irún. This transaction is the first investment in the transport industry by the Marguerite Fund, an investment fund created in 2010 to invest in construction and expansion projects in renewable energies and transport in EU countries. It has so far invested over 100 million of euros in four other projects. The fund boasts an advanced investment portfolio in all its target sectors in Europe and expects to make further investments in 2012. The 2020 European Fund for Energy, Climate Change and Infrastructure (the Marguerite Fund) was
created with the support of six of Europe’s main public financial institutions in Europe (Caisse des Dépôts et Consignations, Cassa Depositi e Prestiti, the European Investment Bank, Instituto de Crédito Oﬁcial, KfW and PKO Bank Polsk) to use capital intensively in infrastructure investments. The Fund benefits from the advice of Marguerite Asesor SA, an independent consultancy firm.
Ruta del Algarrobo (Chile)
n addition, Sacyr Concesiones has founded a concession company, Ruta del Algarrobo, which holds the La SerenaVallenar concession in Chile. Sacyr has already agreed its funding terms and conditions with Corpbanca and Banco Estado. The expected investment in the motorway is 177 billion CLP ($365 million). The estimated construction period is 42 months, and concession management will last a maximum of 35 years.
The section of Northern Route 5 between La Serena and Vallenar is a comprehensive improvement of the section running from the northern exit at the town of La Serena to the southern access route into Vallenar, with an approximate length of 187 kilometres. This motorway is expected to have an ADI (average daily intensity) for tolls of around 4,500 vehicles by 2015. The estimated income portfolio for the concession is approximately 507 billion CLP ($1.045 billion). ■
Somague opens the Bemposta power capacity increase
DP opened the new installations to increase the power capacity of the Bemposta dam, which is located in the municipality of Mogadouro and was one of the first dams built on the international stretch of the Duero in 1952. The power upgrade works, which were executed by Somague, began in 2008 and were commissioned at the end of 2011, ahead of schedule. After this project, EDP increased the dam’s capacity by 80%, which will save 30 million euros a year in electricity imports. The project also guarantees better use of the water, which was previously wasted in discharges, reduces dependence on imported fossil fuels, and reduces CO2 emissions. Also, in 2010 Somague was awarded first prize for this project in the Foreign Company category of the EDP Occupational Safety and Prevention Award, as covered in Dimension Magazine, issue 25. ■
Somague Ambiente awarded water concession contract in Votorantim
omague Ambiente has been awarded the public service contract to provide water and sewerage in the city of Votorantim, located in Sao Paulo (Brazil), for 300 million euros and a period of 30 years. The company will provide the following services to this municipality of 110,000 inhabitants: • Construction, operation, and maintenance of the units that make up the water production and distribu-
tion systems; • Wastewater collection and treatment; • Management of organisational systems; • Commercialization of products and services; • Customer service. This is the third water concession that Somague is managing in Brazil, along with the Mandaguahy and Araçatuba concessions. ■
Somague to build the Vila Prudente station in the Sao Paulo metro
he consortium made up of Somague Engenharia and Paulista has been awarded the contract for the design and construction of the project for the Vila Prudente Station in Sao Paulo (Brazil) for a total of 35 million euros. The
project, which was awarded by the Compañía Metropolitana de São Paulo, includes the construction of a bus terminal and its connection to the underground metro line, the technical building, and the outdoor urban development. ■ 15
Sacyr increases its operating profit by 2.4% in the first quarter The international order book accounts for 78%
In the first quarter of the year, Sacyr Concesiones increased he Sacyr Vallehermoso Group has obtained a gross its concession income by 22.1%. Total turnover stood operating profit (Ebitda) of 146.4 million of euros to at 66.8 million of euros, compared to 144.5 million of 31 March 2012. This is a 2.4% increase on the first quarter euros in 2011, as construction income was lower in 2012 of last year. The Group’s gross margin also improved (27.5 million of euros) than in 2011 (112 million of euros). considerably, rising to 16.7% (versus 13.7% for the first three Ebitda also climbed considerably against the 2011 figure months of 2011). This was thanks to efforts made to reduce (+35.3%, to 27.7 million of euros) due to the start-up of costs. The net operating proﬁt (EBIT) was 111 million of three concessions in the last nine months of 2011, and the euros, 16.4% higher than in the first quarter of 2011. hospital on the Terceira Island (the Azores, Portugal) in the Turnover to March was 875.9 million of euros (down first quarter of 2012. Gross margin rose to 70.7%, versus 15.8%), due to the deceleration in housing promotion 63.8% in March 2011. and construction in Spain and Portugal. Turnover abroad Property rentals (Testa): Testa’s turnover in the first three accounts for 38% of the total, compared to 34% for the months of the year was 62.5 million of euros, in line with same period in 2011. the figure recorded for the first quarter of 2011. Ebitda rose The Group’s net attributable profit for the first quarter strongly by 38.3%, to 68.8 million of euros, largely due to was 28 million of euros, down 46.8%. the sale of the building at Paseo de Gracia 56 in Barcelona. The Group maintains a high future income portfolio, The strong turnover highlights the stability of the Group’s with 50.279 billion of euros, based mainly on the most property rental division. The occupancy ratio in Testa recurrent activities: Sacyr Concesiones accounts for 58% of buildings is 97% (virtually full occupancy). the total, and Valoriza 24%. Services (Valoriza): In the first quarter of 2012, Valoriza 62% of the total order book comes from international recorded a turnover of 255 million of euros, a slight activities. This is slightly higher than the figure of 61% increase, 0.7%, on the same period in 2011. EBIDTA was for March 2011. Within the construction business this 40.7 million of euros at 31 March 2012 (up 3.8%), increasing percentage rises to 78% due to the large amount of its operating margin over turnover to 16%, up from 15.5% tendering activity taking place outside Spain and contracts for the first quarter of 2011. Area by area, Environment secured in Chile, Colombia, Portugal and Angola. recorded a turnover of 80.1 million of euros, Water 69.1 Construction (Sacyr Construcción + Somague): million of euros, Multiservices 59.7 million of euros and Construction income was 520.1 million in the first quarter of Energy 46 million of euros. 2012, down 22.3% on 2011. This was mainly the result of the Residential property development (Vallehermoso): drop in activities in Spain and Portugal and the temporary At 31 March 2012, halt in work in Libya. Vallehermoso’s turnover was International sales account for Turnover by Country 16.7 million of euros, versus 47% of the total versus 42% 1% 5% ● Others 43.4 million of euros for the in 2011. 7% first quarter of 2011. This The large order book amounts 7% ● Portugal was the result of a gradual to 6.574 billion of euros, ● Panama reduction in housing stock guaranteeing 38 months of 9% ● Angola and lethargy in the sector. 53 activity. 78% of the Group’s 62% ● Italy homes were registered during order book comes from 9% ● Chile the period. At 31 March 2012, international projects. the contracted portfolio stood Infrastructure concessions ● Spain at 51.3 million of euros. (Sacyr Concesiones): ■ 16
Contracts Awarded, Sites Opened
• Barcelona City Council has awarded construction of an underground car park at Calle Marqués de Mulhacén 51, Ciudad Condal to Scrinser and Sacyr. The project is worth 4.4 million of euros. • The Algeciras Bay Port Authority has awarded a contract to expand and reinforce the main road of Algeciras Port in Cádiz to a TJV headed by Sacyr Construcción. The project is worth 5.5 million of euros.
CONTRACTS AWARDED TO SOMAGUE:
Infographic of the Ibermutuamur building in Prado de la Vega, Oviedo
CONTRACTS AWARDED TO SACYR CONSTRUCCIÓN:
• Construction of the ﬁrst phase of the Portugal Telecom (PT) Data Centre in Covilhã, Portugal. PT expects total investment of 90 million of euros in the complex. • ANGOLA: • Somague will carry out ﬁnishing work at the international arrivals and departures terminal and the control tower at Catumbela Airport, for 55 million of euros. • It will execute various types of work on electrical facilities, air navigation systems and equipment, for 43.5 million of euros. • At Luanda’s 4 de Febrero Airport it has undertaken to build a temporary terminal, demolish the old terminal and build a new 8200 m2 terminal for domestic flights, for 26 million of euros.
• Sacyr has entered the Colombian market with the construction of a stretch of road from Cali to Buenaventura for 103 million of euros. The main work included in the contract is the construction of a 3.3 km second lane, the treating and repair of another 20 km of existing road, the construction of four viaducts with lengths between 320 m and 580 m and the completion of another viaduct measuring 400 m. • Adif has awarded construction of 4.2 km of highspeed railway line to Galicia, between Campobecerros and Portocamba, to the Group’s construction subsidiary. This project is worth 84.25 million of euros. This stretch CONTRACTS AWARDED TO VALORIZA: of line includes construction of tunnels at Portocamba, • Valoriza Servicios Medioambientales has been which will be 3.74 km long. awarded a road cleaning and urban waste collection The Regional Government of Bizkaia has awarded contract for Majadahonda, Madrid for 10 years, for a total a contract to upgrade the stretch of motorway between of 67 million of euros. Valoriza will provide services for a Amorebieta and Muxika (BI 635) to a TJV led by Sacyr, via population of more than 70,000. its subsidiaries Sacyr, Febide and Cavosa, for 63.1 million • The Group’s environmental services subsidiary will of euros. • Via the public body ETS, the Basque Regional Government’s Department of Transport has awarded construction of the Herrera-Altza stretch of Donostialdea underground railway in Guipuzcoa Province to a TJV consisting of Sacyr, Febide, Cavosa, Mariezcurrena and Zubieder, for 34.5 million of euros. • Construction of a building for Ibermutuamur in Prado de la Vega, Oviedo for 6 million of euros, to include administrative and care services for Ibermutuamur. The floor area of the building will be more than 7300 m². It will have three Model of Portugal Telecom’s Data Centre in Covilhã, Portugal overground floors and a 47-space car park.
Contracts Awarded, Sites Opened
la Arrixaca General University Hospital in El Palmar, Murcia to Valoriza Facilities, for 20.7 million of euros. The contract lasts two years, with the possibility of a two-year extension • Valoriza Conservación de Infraestructuras rwill provide maintenance for various stretches of the A 44 and N 323 roads in Jaén, for 12.6 million of euros. It will also carry out preservation and maintenance of a stretch of the N 260 in Lleida Province, for 4.97 million of euros. Virgen de la Arrixaca General University Hospital
continue to maintain Madrid’s roadside trees (around 245,184 trees of various types, ages and conditions) for a further two years, for 24.4 million of euros. Also in Madrid, it will begin emergency cleaning (Selur) for an annual sum of 9.2 million of euros for one year, with the possibility of a one-year extension. • Valoriza Facilites is entering the municipal integrated energy services market, with a contract in Sevilla la Nueva, Madrid. The contract brings together all the town’s building and outdoor lighting facilities for 7.4 million of euros, to last 15 years. • Murcia’s Health Service has awarded the contract to clean the buildings and facilities of the Virgen de
• Valoriza Servicios a la Dependencia will manage the public care centre for dependent elderly persons in Villa del Prado, Madrid for three years, for a total of 7.78 million of euros. The centre has 120 residential places and a day centre that cares for 40 dependent elderly persons. • The state company Canal de Isabel II has awarded the design and construction of the Drinking Water Treatment Plant (DWTP) in Pelayos de la Presa, Madrid to Sacyr, Valoriza Agua and Sadyt, for 16.4 million of euros. The new plant will be capable of treating water to supply up to 115,000 people. Sadyt and Sacyr will execute a project to replace the sewer systems at the La Nava industrial estate, to connect them to new integral-cycle water tanks in Puertollano, Ciudad Real, for 5.1 million of euros. ■
Ireland’s M50 motorway awarded ISO certifications
50 Concession Ltd holds the contract for the M50 motorway in Dublin, Ireland and is 45% owned by Sacyr Concesiones. It has been awarded ISO 9001:2008 certification for its quality systems, ISO 14001:2004 certification for environmental measures and OHSAS 18001:2007 for health and safety measures on the motorway. These accreditations put the Group’s concession company in a better position situation to bid for Irish motorway maintenance contracts put out to tender by Ireland’s National Roads Authority (NRA). Indeed, a recent Harvard study on 1,000 Californian companies revealed that those with ISO 9001 accreditation showed higher growth rates in both sales and employees, as well as higher average annual profits. Their turnover also increased by almost 10% after being awarded the accreditation and they boasted a higher employment rate. ■ 18
Presentation of certifications at the NSAI (National Standards Authority of Ireland) on 14 May this year, with John Perry, Ireland’s Minister for Small Business; Gareth Gallagher, Managing Director of Sacyr Concessions Ltd in Ireland; Damien Breen, Chief Operating Officer of Sacyr Concessions Ltd in Ireland; and Maurice Buckley, CEO of the NSAI
SITES OPENED: • Goya Station, Zaragoza On 3 April Ana Pastor, Spain’s Minister for Development, opened Goya suburban train station in Zaragoza. The station was built by Sacyr with 44 million of euros of investment. The opening ceremony was attended by Luisa Fernanda Rudí, President of Aragon; Juan Alberto Belloch, Mayor of Zaragoza; Enrique Verdeguer, Chairman of Adif; Julio Gómez-Pomar, Chairman of Renfe Operadora; Manuel Manrique, Chairman of Sacyr; and Javier Gayo, Chairman of Sacyr Construcción. ■
• Roofing Work, Valencia Port On 23 April Ana Pastor, Spain’s Minister for Development, opened the site of roofing work to expand Valencia Port, awarded to a consortium including Sacyr and Somague. The opening ceremony was attended by Manuel Manrique, Chairman of Sacyr, and Javier Gayo, Chairman of Sacyr. Other attendees included Alberto Fabra, President of the Autonomous Region of Valencia; Rita Barberá, Mayor of Valencia; Paula Sánchez de León, Representative of the Government in Valencia; José Llorca, Chairman of Puertos del Estado; and Rafael Aznar, Chairman of the Valencia Port Authority (APV). ■
• Expansion of Cartagena Refinery On 18 April Don Felipe de Borbón, the Prince of Asturias, opened Repsol’s expanded refinery in Cartagena. As part of construction of the refinery, Sacyr had carried out installation and access work, and Sadyt the construction of two water processing plants.
The opening ceremony was also attended by José Manuel Soria, Spain’s Minister for Industry, Energy and Tourism; Antonio Brufau, Chairman of Repsol, José Manuel Loureda, Chairman of Valoriza; Fernando Lozano, Managing Director of Valoriza; and other local and business leaders. ■
STRUCTURE 17 OF THE M50 (DUBLIN, IRELAND) WINS AWARD The M50 has also been presented with an Irish Concrete Society Award, in the Infrastructural Category, for the motorway’s Structure 17. Furthermore, the Society has selected this infrastructure to take part in the European Award for Excellence in Concrete (ECSN). Structure 17 joins the M50 and the N3 motorway and passes over a railway line, a canal and the N3 motorway. ■ 19
Testa applies energy-saving and sustainability measures in its buildings
which makes it possible to monitor energy demand in the esta Inmuebles en Renta, as a property company in building in real time in order to optimise it. the Sacyr group, is totally committed to the group’s Quality and Environmental Policy. ● Installation of charging stations for electric vehicles Along these lines, for some time now, Testa has been in building parking lots. implementing measures in its buildings to increase ● Replacement of washroom taps for new, timersustainability through energy savings, fostering the use controlled taps that reduce water consumption by over of renewable energies, ecological urban transport, and 50%. proper waste management. ● Installation of photovoltaic panels on building Some of the actions that Testa has already carried out, or rooftops, to make better use of the available natural that are planned to be implemented soon in its buildings resources. are: ● Installation of free public parking areas for bicycles in order to promote their use as a non-polluting means of ● Replacement of lights in parking lots and common transportation. areas (lobbies, staircases) of buildings with LEDs, which reduce power consumption by approximately 40%. ● LEED sustainability certification process underway for two Testa buildings located in Miami and Madrid. ● Replacement of lights in private areas of our central offices with lights with LED technology. ● Testa would like to encourage all those who form part of our surroundings to join this initiative, and would ● Installation of presence sensors to automatically appreciate any suggestions that you may have in regard to control lighting in minimally-occupied zones, such as the respect and protection of the environment. emergency stairs, parking lots, offices, and restrooms. ■ ● Adoption of energysaving measures in HVAC Testa has also installed WiFi in the following buildings: installations of buildings, MADRID: BARCELONA: substituting specific Juan Esplandiú 11-13 Av. Diagonal 605 elements with new, more Juan de Mariana 17 Paseo de Gracia 56 efficient ones. Av. De Partenón 16-18 Muntadas I • El Prat del Llobregat ● Implementation Pedro de Valdivia 10 Sant Cugat I • Sant Cugat del Vallés of energy management Ática 3 • Pozuelo de Alarcón Sant Cugat II • Sant Cugat del Vallés software in buildings, Ática 4 • Pozuelo de Alarcón 10 Sant Cugat • Sant Cugat del Vallés
Vallehermoso expands it international sales network V allehermoso continues expanding its network of international sales agents, and for this reason it organised a meeting with several international real-estate agencies at Vallehermoso’s development in Casares (Málaga). The commercial firms contacted by Vallehermoso will mainly be responsible for selling the developer’s coastal products in their countries of origin: Belgium, Germany, Russia, France, the UK, Sweden, and Finland The meeting was held on 21 June, taking
advantage of the presence of these companies at the Salón Inmobiliario Mediterráneo (SIMED), which was held in Málaga. As mentioned in Dimension Magazine, issue 26, the group’s developer has coastal housing units in the following developments: Bcn Palau in Barcelona, Cap Blau (Palma de Mallorca), La Saloma de San Juan (Alicante), Mar Abierto in Costa Ballena (Cádiz), Camarate (Málaga), Bahía de la Luz (Almería) and Jardines del Teide in Puerto de la Cruz (Santa Cruz de Tenerife). ■
Commencement of the final assembly stage for the first three gates of the Panama Canal expansion T
he consortium Grupo Unidos por el Canal (GUPC), led by Sacyr, has commenced the final assembly stage for the first three of the 16 gates that are to be installed as part of the Panama Canal expansion. The gates and their traction systems are one of the most prominent and complex parts of the entire project, weighing in excess of 50,000 tonnes. A delegation from the Panama Canal Authority (ACP), led by Jorge Quijano, Executive Vice President of the ACP’s Department of Engineering and Program Management, together with leading figures from GUPC (José Manuel Loureda, International Director of Sacyr and Chairman of the GUPC Board of Directors; Bernardo González, GUPC Project Manager and Sergi Ametller, GUPC works manager for the gates and other electromechanical components, among others), on 8, 9, and 10 May, visited the facilities in Polcenigo and San Giorgio di Nogaro (Italy) where the structures are being constructed, in order to see how work is progressing.
The first gate will be finished in August and, in line with the envisaged time frame, the first four gates will be sent to Panama in early 2013, with the remainder due to arrive by the end of 2013. ■
Progress on works One of the most important stages of the project began almost one year ago: concreting. At this point, more than 70,000 m3 of concrete are being produced every month on each side of the project (Atlantic and Pacific). In total, the third set of locks will require approximately 5 million m3 of concrete. The industrial infrastructure is fully completed and operational, and it includes large production plants for both crushing and concrete, with the corresponding aggregate cooling line. The first phase of the work, focused on earthmoving (37 million m3), is very advanced at this point. The third and final part of the project will consist of the installation of the electromechanical elements, the lock gates, and the commissioning of the system. The process of manufacturing the 16 gates began in September. There are more than 9,000 people working on the GUPC works.
Assembly of the first 4 gate blocks 21
General Shareholders’ Meeting
Sacyr holds its 2012 General Shareholders’ Meeting S
acyr’s General Shareholders’ Meeting, held in Madrid on 21 June, approved a capital increase of 1 new share for every 20 old shares, resulting in the issue of 21,129,922 new shares. In his first public appearance as Group Chairman, Manuel Manrique described the Company’s development over 2011, the reduction in its holding in Repsol, share price changes and the strategy for the future. He explained that the reduction in the holding in Repsol to 10% was needed to reduce debt and financial costs and so face the future with the utmost security. Regarding Sacyr’s stock market listing, Mr Manrique was convinced that its value would recover, because the target price set by analysts is higher and the share has majority purchase recommendations. During his speech to the General Shareholders’ Meeting, Manuel Manrique, Chairman of Sacyr, explained the Group’s new strategy, which is based on the following: - Focusing on improving the businesses in which we are leaders and experts 22
- Promoting two new engines of growth: • Managing construction and concession projects • Industrial Division: • Desalination • Waste treatment and cogeneration plants • Oil and gas facilities • Electricity grids Mr Manrique explained that this growth will be generated through innovation, with which the Group can be more competitive, through international expansion, so as to grow in a balanced way, and through management measures based on cutting costs and debt, and raising profitability. The Chairman also presented the Group’s new brand name, which from now on will be Sacyr - the idea being to focus the company on our main brand, which conveys our core values. Sacyr is also a shorter name which is known in Spain and abroad.
• Authorisation for a share buyback by the Company, directly or through Group companies • Authorisation to increase share capital by up to half the share capital existing on the authorisation date, and delegation of power to exclude pre-emptive subscription right • Amendment of By-Laws and General Shareholders’ Meeting Regulations The meeting of the Board of Directors, held after the General Shareholders’ Meeting, ratified the appointments of CXG Corporación NovaCaixaGalicia as a member of the Appointments and Remuneration Committee and NCG Banco as a member of the Audit Committee, and appointed Diogo Alves Diniz Vaz Guedes as a member of the Audit Committee. Following this appointment and these ratifications, the committees’ membership is now as follows: Audit Committee Grupo Satocán
Agenda The General Shareholders’ Meeting also approved all points of the agenda with a sufficient majority. We may highlight the following points: • Ratiﬁcation of the appointment by co-option of CXG Corporación NovaCaixaGalicia and NCG Banco as members of the Board of Directors and setting the number of Board members at 16 • Approval of annual accounts, management report, application of result and the management carried out by the Board in 2011; ratiﬁcation of remuneration received in 2011 by Executive Directors
Diogo Alves Diniz Vaz Guedes
Appointments and Remuneration Committee Matías Cortés Domínguez
Demetrio Carceller Arce
CXG Corporación NovaCaixaGalicia
Grupo Corporativo Fuertes
SECRETARY OF THE BOARD OF DIRECTORS, GENERAL MANAGER OF THE LEGAL ADVICE DEPARTMENT Sacyr Vallehermoso’s Board of Directors has appointed Elena Otero-Novas Miranda the NonDirector Secretary of the Board of Directors and its committees. Ms Otero-Novas has also been appointed General Manager of the Group’s Legal Advice Department. She obtained a Law Degree and award for special achievement from the Complutense University of Madrid in 1991 and has held the office of Public Prosecutor since 1993 at the Legal Advice Department of the National Statistics Institute, the Regional Economic Administrative Court of Madrid and the Courts and Tribunals of Madrid, as well as at the National High Court. Her most recent post was at the Supreme Court, dealing with tax and economic affairs.
Furthermore, she has balanced the role as Public Prosecutor with her private law practice. She has been Secretary of the Boards of the San Pablo CEU University Foundation, and since March 2007 the Foundation’s Secretary-General. ■
APPOINTED CHAIRMAN OF VALLEHERMOSO Mr Rodríguez-Avial has been part of the Group since 1976, and combines this post with Chairmanship of Testa and Grupo 14, Inmobiliarias por la Excelencia, and First Deputy Chairmanship of Asprima (Asociación Promotores Inmobiliarios de Madrid).
José Manuel Loureda Mantiñán, VICE-PRESIDENT OF THE SPANISH INSTITUTION OF CIVIL ENGINEERS
Mr Loureda is a board member at Sacyr Vallehermoso and Repsol as well as Chairman of Valoriza. ■
THOFU: The Hotel of the Future
acyr’s Innovation Department is involved in the project Thofu: Technologies of the hotel of the future. Within the project, the Department is leading subproject SP2, Building the hotel of the future. The project arose with the aim of researching a new way of running a hotel using a set of emerging construction, sensor, information and communications, and interaction technologies, and thereby laying the technological foundations for the complete development of a new type of hotel. The technologies on which THOFU is based pose considerable research and engineering challenges which in many cases require the active involvement of researchers from other disciplines.
Sacyr’s work in the project, together with IMDEA Energía, the University of the Canary Islands, the Politécnica University of Madrid (UPM), IntelliGlass and Emka Manufacturing, involves managing hotels’ energy consumption so that the input energy is as low as possible or even zero on the one hand, and on the other providing materials for sustainable construction and minimum CO2 emissions in both selection and construction, as well as carrying out research into heat and sound insulation materials. The main hotel associations are also involved in this project: they assess these measures, which they aim to be able to install in their hotels in the future. At its CENIT gathering, Spain’s former Ministry for Science and Innovation subsidised the THOFU project for 2010 to 2013. Spain’s Centre for Industrial Technological Development (CDTI) monitors the project’s progress each year. ■
Sacyr is a finalist for the 8th ACEX National Awards for Safety in Maintenance
he pedestrian detection and anti-collision alarm system produced by Sacyr’s Prevention Department in collaboration with the R&D+i Department is a finalist for the 8th ACEX (Spanish Association for Infrastructure Operation and Maintenance) National Awards for Safety in Road Maintenance. The Sacyr project involves Mesa ACEX Presidential Awards last June 12 developing a detection and alarm system to prevent works; encourage research and good practices in pedestrian collisions at construction sites. It aims matters of safety in infrastructure maintenance works; to ensure the safety of operators during asphalt contribute on a yearly basis to improved safety in spreading and compaction works and prevent their road maintenance work and to occupational safety being accidently run over by special vehicles working in all other infrastructures; publicly acknowledge in compaction operations. the merits and efforts of workers, companies and The ACEX award for Safety in Maintenance aims to authorities that have carried out activities that have promote a culture of occupational and road safety had significant and positive consequences for safety within infrastructure operation and maintenance within the sphere of infrastructure operation and works and foster a positive attitude that raises maintenance. awareness of safety in infrastructure maintenance ■
3rd edition of the Sacyr Awards After the success of the first two ceremonies, the Sacyr Vallehermoso Foundation launches its Third Sacyr Awards for Innovation.
t Sacyr, we know that innovation is an essential, defining aspect of our company. It is the driving force behind development and economic growth, a force that is especially important at times of crisis such as these. This is the basis and the reason for the creation of the Sacyr Awards in 2009. The first two editions of the awards received a warm reception in terms of both the number of entries submitted and the extremely high quality of the projects received. The judging panel found it very difficult to take a final decision in the first two editions, and the Company hopes to maintain this high level of quality this third time around. In addition to a certificate, the winner in each category will receive 6,000 eurps. The schedule for this third edition is as follows:
20 July 2012 31 October 2012
Competition opens End of application period
Consideration of applications
Judging panel meets
* Sacyr reserves the right to extend these deadlines if this is the best way to consider all the entries received. Any new date will be published at www.sacyr. com Entries must be related to Sacyr’s activities. There will be three categories: Category 1: Technological and Environmental Innovation (R&D+i) Category 2: Sustainable Construction Project Category 3: Financial and Technological Journalism 26
The Third Sacyr Awards for Innovation, founded by Sacyr, aim to provide incentives and public recognition for those who carry out individual or group research and work on innovative, creative, pioneering projects, developments and ideas that are ambitious challenges in moving forward and increasing current knowledge of a specific area. They have three categories. Each project can be entered for a single award category. A single candidate may enter several projects per category, provided these are completely independent of each other in terms of their results and foundations. The organisation reserves the right to disqualify entries it considers insufficiently differentiated from each other. All projects must be submitted by e-mail: sacyr. [email protected] Sacyr will appoint a technical committee, which will carry out initial evaluation of the entries submitted in each category. The committee will evaluate entries in line with the aims of the awards, and propose finalists to the judging panel, providing reasons for its choices. ■
Sadyt wins two Global Water Intelligence Awards
adyt has been presented with two awards for excellence by Global Water Intelligence, the industry’s most prestigious international publication. The desalination plant in Perth has been awarded first prize in the Desalination Plant of the Year category. The design of the demineralisation plant for Repsol’s new refinery in Cartagena has won Industrial Water Project of the Year. These awards acknowledge those projects that have achieved the greatest advances in terms of innovation and fulfilment of targets under especially complex circumstances within the field of water engineering on a global level. Members of the International Desalination Association (IDA) and subscribers to Global Water Intelligence (GWI) magazine select the winners from among a group of nominees. ■
Asepeyo rewards Sacyr for its good practice in occupational risk prevention María del Mar Alarcón, Director-General of Work and head of the Autonomous Region of Madrid’s Regional Institute of Occupational Health and Safety, together with Luis Recolons Brugada, Director-General of the Asepeyo Risk Prevention Company, presented the award to José Manuel Naharro, the Group’s General Manager of Media, during an event held to mark the World Day for Safety and Health at Work and focusing on the management of occupational risk prevention as a factor of competitiveness in the current economic context. Asepeyo has granted the award to the Group for its good work in prevention management and low accident rate, as well as for making a joint effort to integrate suitable prevention practices at all levels of the Company’s hierarchy.
OPERATION KILO: A kilogram of food, a world of thanks.
he Madrid Food Bank would like to thank the Group’s staff for its cooperation in Operation Kilo. Thanks to staff’s efforts, 389 kg of food were collected at their headquarters at Paseo de la Castellana. The food will be distributed among legally recognised charities that provide direct help and care for those in need (people with physical and mental disabilities, the elderly and children living in extreme poverty, marginalised families, drug addicts in rehabilitation, AIDS patients, etc.) in the Autonomous Region of Madrid. ■
n 26 April Percival Manglano, Regional Minister for the Economy and Finance of the Autonomous Region of Madrid, awarded Valoriza Energía (now Sacyr Industrial) First Special Mention at the Awards for the Best Geothermal Facility in the Industrial and Services Sector 2011 in the Autonomous Region of Madrid, at the Third Conference on Geothermal Energy in Building and Industry (GeoEner). Daniel Muñoz, Manager of Geotermia, accepted the certificate on behalf of the Valoriza subsidiary. The geothermal facility that won the award is the new headquarters of the Madrid Institute for Advanced Studies (IMDEA) in Móstoles, Madrid. ■
Fernando Rodríguez-Avial has been named Best Entrepreneur in Property Construction and Development 2011 by the Master’s Degree in Construction and Property Company Management (MDI), of the Higher Technical School of Architecture (Politécnica University of Madrid). Javier de Cárdenas y Chávarri, head of the Master’s Degree, presented this acknowledgement on 11 June, at the 18th ceremony for the award, to the Chairman of Testa and Vallehermoso. ■
Sacyr joins the “Companies for a Society Free of Domestic Violence” initiative
n 19 June Ana Mato, Spain’s Minister for Health, Social Affairs and Equality, presented a letter of membership of the Companies for a Society Free of Domestic Violence initiative to Milagros Venegas, Sacyr’s Director of Human Resources. Via the initiative, companies publicise this scourge on society and highlight the importance of raising awareness and including its victims in the workplace. The agreements signed by a total of 33 companies advocate awareness campaigns and/or campaigns for the employment of abused women. The Health Minister highlighted the importance of this initiative, which involves all organisations, associations, companies, municipal authorities, shelters and volunteers. Ms Mato also added that the project “publicises the problem of domestic violence and highlights the support of the whole of society.”. ■
omague Engenharia has received awards from its clients Artlant and Jacobs for recording 2 million hours worked on the Artenius/Artlant-Mega PTA plant construction project in Sines, Portugal with no occupational accidents. The target was the number of safe working hours without an LTI (lost-time incident). ■ 27
Because we believe innovation is the only way to be competitive. Because we believe the only market is the whole world. If you believe the same as we do, We believe with you. www.gruposyv.com 28