Petroconstruct Romania

SOCIETATE AFLATA IN INSOLVENTA / IN INSOLVENCY / EN PROCEDURE COLLECTIVE

Business prospects

Medium and high complexity works

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The volume of contracted works for the period 2010 — 2012 was about 15 million Euros and thus it was initiated the implementation of an investment program to equip with machinery and equipment specific to the execution of construction works/roads repair as well as transport means.

The execution of medium complexity works will be carried out on own resources, while projects of high complexity, in association with specialized companies.

In July 2010 it was completed the establishment of an aggregate quarry in the village Leasa - Arad County, with a capacity of 200 -250 m 3/h.

Currently the company runs in partnership with the JOINT VENTURE PIZZAROTTI - TIRRENA SCAVI (Italy) earthworks on Bucharest - Brasov motorway, Bucharest - Ploiesti segment, section km 0 + 000 - km 15 + 000, with a total value of 200 million Euros (according to the works list attached).

During the second half of 2010, there were initiated, in partnership with several Spanish companies, water supply — sewage works/ wastewater treatment plants and road works, with a total value of 35 million Euros; S.C. Petroconstruct Group S.R.L partaking a percentage of 20 - 30% of the works, depending on the allocated resources.

 

New branch in Sulaymaniyah

Starting on 4th of october 2010, our company opened a new branch in Sulaymaniah, Kurdistan Region — Iraq, targeting the contracting of construction works in this area. The strategy to tackle the projects in this area is as follows:

A. Depending on the nature and complexity of the projects, the works will be executed by our company both as sole contractor as well as in partnership with local and foreign specialized companies.

B. For projects of high complexity or specialized, there were concluded joint venture agreements with powerful companies, specialized on various business areas, as follows:

- For construction of dams on river courses/lakes and land reclamation works, there was concluded a joint venture agreement with SOCIETATEA NATIONALA “IMBUNATATIRI FUNCIARE” S.A., one of the most representative companies activating in this field, in Romania; 

- For construction of water treatment plants, wastewater treatment, water supply networks and sewage networks, there was concluded a joint venture agreement with S.C. EDAS EXIM S.R.L., representative of DINOTEC — Spain, reference company in this field, in Spain and Romania; in addition, for large-scale works, there have been concluded agreements with two other Spanish companies specialized in this type of works, IDECON SAU and CONSTRUC - GREEN INGENIERIA Y SERVICIOS SL. 

- For railway construction works, there was concluded a joint venture agreement with S.C. C.C.C.F. CONSTRUCTII FEROVIARE CRAIOVA S.A., reference company in this field, in Romania, with experience also abroad; 

- For works of electricity networks repair and upgrade, transformer stations, power stations and automation, there was signed a joint venture contract with S.C. ELECTROSERVICE L&DD S.R.L., reference company in this field in Romania.

 

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