Beruflich Dokumente
Kultur Dokumente
_ANNUAL REPORT
Profile
Table of Contents
/// Profile
01. /// Message
from the President
02. /// Innovations
04. /// Structures
09. /// Soils
14. /// Financial
Information
16. /// The Freyssinet
Group Worldwide
As a subsidiary of Vinci, the worlds leader in concessions, construction and associated services, the Freyssinet group, worlds leader in specialized
civil engineering, provides services in the fields of structures, soils, new projects,
repair and maintenance. Consolidated turnover for Freyssinet in 2003 was
420 million euros and net profit was 0.6 million euros.
Freyssinet employs 2991 people and is active on five continents on
sixty sites. Because the Freyssinet group is divided into geographical zones
around the world, each project benefits from both the Groups worldwide
expertise and strong local ties.
In all its activities, the Group offers unequalled know-how resulting
from active research and development.
> BREAKDOWN OF
TURNOVER BY DIVISION*
Soils
Europe
26% of which
Key Figures
21.5%
North America
12.6%
Iberian-American
17.5%
> WORKFORCE
BY POSITION
14.6%
Anglo-saxon
4%
Structures
13%
Asia-Pacific
Technicians
18%
35.4%
Workers and employees
50%
> BREAKDOWN OF
TURNOVER BY ACTIVITY*
> WORKFORCE
BY DIVISION
Europe
664
Iberian-American
339
Anglo-saxon
Soils
37% of which
Structures,
63% of which
Reinforced Earth
25.3%
99
Structures
289
Soils
New projects
Mnard
Soltraitement
37.5%
11.7%
386
Asia-Pacific
1,214
Repair/
Maintenance
25,5 %
01
Message
from the President
_CHAIRMAN - CEO
Bruno Dupety
_OPERATIONAL MANAGERS
France Division
Philippe Zanker
Iberian-American Division
Jorge Moreno
Soils Division
Philippe Hry
Structures Division
Jrme Stubler
United Kingdom/
Northern Europe Division
Patrick Nagle
North America Division
Roger Bloomfield
Asia-Pacific Division
Bruno Dupety
New organization
as of March 22nd, 2004.
C o n s t r u c t i o n , I m p r o v e m e n t , D u r a b i l i t y. . .
_FREYSSINET GROUP
02
Innovations
GENEROUS
GROUPS
1.5%
OF TURNOVER
AND STRUCTURES.
THE GROUPS
LOUIS MNARD
AND
HENRI VIDAL .
STRUCTURES
Innovations are constantly made on our
sites, but, in particular, the year 2003
was marked by four prizes awarded to
Freyssinet products and processes.
1
1_ Bottom feed, a stone column feed
system designed by Mnard Soltraitement,
makes it possible to apply vibroreplacement
to port and offshore projects.
SOILS
Soil mechanics is still a new scientific
discipline. Consequently, resea rch and
development in the soils field are extremely
active. The activities of both Reinforced
Earth and Mnard Soltraitement concentrate
on continuous innovation, as also illustrated
by the resources allocated to SoilTech,
a transversal unit devoted to geotechnical
research and development for the Group.
Its annual budget is 0.8 M.
In 2003, Reinforced Earth implemented an
improved concrete scale attachment system,
HA Ladder reinforcements, for the first time
in the USA. The most spectacular innovation
First used in 2002 for the Laroin pedestrian bridge (France), the high performance tensile system was awarded the first innovation prize by the FNTP (French National Civil Engineering Federation)
in July 2003.
QUALITY, SAFETY
AND THE ENVIRONMENT
At every project stage and at all
company levels, the pursuit of optimal
performance is driven by the desire to
improve quality and safety and better
respect environmental requirements.
The Groups production plant specialized in
the manufacturing, sales and trade of
structural fittings and components for stay
cable anchoring and for prestressing was
granted PPC certification, thus illustrating
the focus placed on product quality. The
company has been ISO9002 certified
since 1994. In July 2003, it was granted
ISO9001/V2000 certification for all of its
activities. This will make it possible
to continue improvement of internal
procedures at all levels.
2
1_ The tendon tools technique
developed by Freyssinet is used to
build or repair at low cost suspension bridges
such as the Miret bridge in Floirac (France).
2_ Rehabilitation of the Millennium plant in
Le Havre (France), performed under strict
safety conditions, is a good illustration of
the Groups risk prevention policy.
C o n s t r u c t i o n , I m p r o v e m e n t , D u r a b i l i t y. . .
Structures
63%
OF TURNOVER
REPRESENTING 63%
SEVERAL
LARGE
ASIA
05
PRESTRESSING
/// Bridges
The Groups original field of activity,
prestressing is a technique used throughout
the world. In 2003, Freyssinet performed
the prestressing on a 224 m long bridge
in Bangkok (Thailand), participated in the
construction of two 208 m long twin bridges
in Dubai (United Arab Emirates) and
completed longitudinal and transversal
prestressing of a 400 m long bridge crossing
a marsh north of Durban (South Africa).
In Europe, the Group provided and installed
all the prestressing on the Corgo viaduct,
a 600 m long complex bridge structure
constructed under concession in the north
of Portugal (see image on this page).
In the south of Portugal, Freyssinet-Terra
Armada used more than 2,050 tons
prestressing for the construction of several
bridges for the A2 highway between
Lisbon and Algarve.
/// Buildings
In Australia, the largest project of the
year was the construction of the Townsville
Sugar Terminal in the state of Queensland.
Completed in collaboration with Mnard
Soltraitement for the soil consolidation
(see p. 13), this site required the Australian
subsidiary, Austress Freyssinet, to place
more than 500 tons of steel for prestressing
of the concrete components of the structure
(containment walls and 40,000 m2 of
concrete slabs).
In the heart of Abu Dhabi (United Arab
Emirates), the Group provided and installed
the prestressing for the floors of the two
highest towers in the emirate. In another
emirate, Dubai, Freyssinet Gulf prestressed
the floors for two of the most spectacular
buildings in the United Arab Emirates
/// Industries
This past year was notably the witness
of the beginning of construction
of the Kudankulam nuclear power plant
in Tamil Nadu state in India: Freyssinet
was chosen to perform prestressing
involving the installation of 2,700 tons
of greased sheathed strands placed
in cement grouted ducts. In the United
Kingdom, for a program to modernize
the Plymouth shipyards (Devonport Royal
Dockyard), Freyssinets subcontract for
installation of prestressing bars in the
berth of the underwater dry dock complex
was also extended.
3
1_ Corgo viaduct (Portugal).
2_ The sinusoidal beams used in
the Neuilly-sur-Seine aquatic complex
(France) were prestressed by Freyssinet.
3_ Austress Freyssinet, the Australian
subsidiary, prestressed the floor of the new
Sugar Terminal in Townsville.
C o n s t r u c t i o n , I m p r o v e m e n t , D u r a b i l i t y. . .
_FREYSSINET GROUP
06
1,400
CABLE STRUCTURES
/// Stay cables
Over the past year, several large stay cable
projects were launched throughout the
world. In Asia, in the south of the Malaysian
peninsula, the Group installed the 28 stay
cables for the Sungai Muar bridge, the first
structure in the world using multitube stay
cable saddles developed in collaboration
with Jean Muller International (see p. 7).
1
3
1_ Composed entirely of wood, the
suspended footbridge constructed by Freyssinet
in Coupvray (France) connects the city center
with the residential zone.
2_ Jos Alvalade XXI stadium in Lisbon
is unique by its 25,670 m2 cover suspended by
16 stay cables provided and installed by
Freyssinet.
3_ On the Millau viaduct in France,
Freyssinet installed stay cables on the
cantilevered deck in order to spread
out catenary variations during launching.
/// Suspension
Two important suspension bridge projects
marked the year in France: the footbridges
in Coupvray (Seine-et-Marne) and Loisy
(Meurthe-et-Moselle). Freyssinet was the
general contractor for both.
The first, 34 m long and composed entirely
of wood, was built in a little over two
months without interruption of river traffic.
Spanning the Moselle, the second is
composed of two 24 m high inversed V
pylons. Lateral cables were installed to
ensure transversal stability of this structure
that has a span reaching 180 m.
CONSTRUCTION METHODS
In Malaysia, the Group began placement
of the deck of the Sungai Prai bridge,
a 2,700 m structure located in Butterworth
in the northwest of the country. Over 1,400
segments will be installed, span by span,
using an installation truss.
In Australia, industrialized prestressed
overpasses were installed for the new Sorell
causeway on the Tasman Highway. Until
now, this technique had only been used in
France. Supported by the Groups expertise,
the Australian subsidiary provided technical
assistance to the consultant firm during both
the design and implementation phases.
In Mexico, Freyssinet de Mexico performed
the launching of the deck for a new
1,028 m long bridge spanning the
Netzahualcyotl dam in the heart of
Chiapas. Pushed by four 900 ton powered
hydraulic jacks, the metal deck was
equipped with a temporary
cable-stayed mast and a front steel nose
to ease docking to the piers.
A modern bridge in
Malaysia
> Though not the longest or
highest, the Muar bridge in
Malaysia is still one of the
most modern bridges ever
constructed. Its stay cable
system, designed, delivered
and installed by Freyssinet,
uses deviation saddles and
Cohestrand and its cables are
coated with yellow PEHD
specially formulated to be
resistant to photooxidation.
STRENGTHENING
AND REPAIR
Aside from one concrete decontamination
project using cathodic protection performed
by Freyssinet in association with its
subsidiary CCSL (Corrosion Control Services Ltd)
for a container terminal in Hong Kong,
repair work was mainly concentrated in
Europe. Several projects were performed
over the year.
2
1_ The Group provided the methods for
construction of the Sorell causeway bridge
(Australia).
C o n s t r u c t i o n , I m p r o v e m e n t , D u r a b i l i t y. . .
_FREYSSINET GROUP
08
22
SPANS TREATED
SEPARATELY ON THE ZERI VIADUCT IN ITALY
USING A NEW LIFTING SYSTEM
DEMOLITION, RECONSTRUCTION,
STRUCTURAL MODIFICATION
Without a doubt, the largest structural
modification project completed by
Freyssinet in 2003 (in collaboration with
Dodin) was the widening of 3.2 m of
each deck of the Bellevue bridge on the
Nantes ring road in France. This project
involved the installation of 300 ton concrete
slabs on the old deck. In addition, the
endeavor was quite spectacular because it
included the installation and moving as
work progressed of a 90 m long temporary
overpass designed to keep traffic flowing
on this important roadway.
STRUCTURAL FITTING
REPLACEMENT
3
1_ Widening of the Bellevue bridge in
Nantes (France) required installation of a 90 m
long overpass to avoid interruption of traffic.
2_ Freyssinet performed the lifting
of mobile formwork travellers for the
new cable-stayed bridge under construction
on the Panama canal.
3_ At the end of the year, Freyssinet
performed the first lifting operations
of the roof of the new casino in Campione,
the small Italian enclave in Switzerland.
LIFTING
In October and November, Freyssinet
performed the first lifting operations of
the roof of a new casino in the small Italian
enclave of Campione in Switzerland.
Assembled on the ground, this 1,100 ton
metal structure was lifted twice by 9 m
using the latest in strand lift jack system
controlled by a new guiding system. After
the last lifting in 2004, the structure will
rise to thirty meters above the ground.
In Panama, the Freyssinet Group is
taking part in the construction of the
second bridge over the canal. At the end
of the previous year, Freyssinet completed
heavy lifting over heights totalling 80 m
of mobile formwork travellers and installed
the formworks on piers.
Soils
37%
OF SALES
VOLUME
CONTINUING
2002,
FOR ONE MISSION CHARACTERIZED BY ITS MATURITY AND ANOTHER BY THE NECESSITY
FOR SPECIFIC TECHNICAL SOLUTIONS, TWO PROJECTS
JAMESTOWN
(USA)
BRIDGE USING
CONSOLIDATION IN
TECHSPAN
DUNKIRK (FRANCE) -
ARCHES
REHABILITATION OF THE
AND OFFSHORE
FRANCE.
_FREYSSINET GROUP
10
1,000,000 m
GROUND REINFORCEMENT
Reinforced Earth retaining walls are
constructed all over the world by Group
subsidiaries or licenced networks and
are becoming more popular with project
managers: they are easy to install,
boast a variety of surfaces (TerraClass,
TerraTrel, TerraPlus, etc.), can be adapted
for all environments and are an
attractive solution for sustainability.
1
RETAINING WALLS
2
3
1_ In Boulogne-sur-Mer, prefabricated
surface facings covered with architectural
designs were used to build Reinforced Earth
structures.
2_ As part of a vast rehabilitation
program, 38,480 m2 of Reinforced Earth
walls will be installed on the Chicago
Skyway.
3_ In the United Arab Emirates,
Reinforced Earth provided 17,000 m2 of
TerraBlock for a roadway intersection.
Cooperation yields
success
> The collaboration between
Reinforced Earth in the USA and
its Canadian counterpart that has
vast experience in the construction of wide arches resulted
in installation of the longest
arches ever used in the USA
(19 m) as part of reconstruction
of the Jamestown bridge. This
technical success greatly reduced
costs and operating time for the
project manager.
FOUNDATIONS
2
1_ In the heart of Sydney, in Australia,
Austress Freyssinet completed a foundation
project using Freyssimix jet-grouting.
ARCHES
The applications of prefabricated TechSpan
arches, designed and traditionally used
for underground structures (road or
railway), were extended in 2003 to bridge
strengthening and repair. TechSpan arches
(18 m opening, 5.5 m high and 10 m long)
and TerraClass facings (for blockheads)
were used to rapidly reconstruct at low
cost the small Clemmer bridge at the
entrance of Perth East in Ontario (Canada).
Halfway through the year, the same
method was employed to replace the
old Jamestown bridge in New York state
(see photo above).
Upon completion of this project, Reinforced
Earth (USA) won two new contracts
for the construction of TechSpan arches in
Austin, Texas.
C o n s t r u c t i o n , I m p r o v e m e n t , D u r a b i l i t y. . .
Dunkirk: living
innovation
> The underwater soil consolidation method proposed by
Mnard Soltraitement and chosen by the Autonomous Port of
Dunkirk (France) is an adaptation of a land-based process:
vibroreplacement. Using the
bottom feed, a device tested
at the beginning of the year in
San Diego (USA), 1,225 offshore
stone columns were created.
SOIL TREATMENT
SOIL TREATMENT
WITHOUT INCORPORATION
OF MATERIALS
2
1_ In Kwang Yang (South Korea),
Mnard Soltraitement began atmospheric
consolidation of the soil prior to construction
of a new port terminal.
2_ On the Abu Dhabi ledge, the zones
to be treated by dynamic compaction were
handled by four units working with 25 or 15
ton masses.
13
42,000
M
OF CMC IN SEVEN WEEKS IN THE
VAL-DOISE (FRANCE)
SOIL TREATMENT
WITH INCORPORATION
OF MATERIALS
In the United Kingdom, on the construction
site of the Southern Distributor Road,
the new Newport ring road, Mnard
Soltraitement completed its soil consolidation project using Controlled Modulus
Columns (CMC) prior to creation of blackfill
for the road. This work involved two teams.
In addition, the company was awarded the
project for soil treatment in the port sectors
and a nearby landfill. In total, 9,500 Controlled Modulus Columns were installed.
In France, the company provided services
on the East LGV construction site (the future
high-speed train line between France
and Germany). On plots 10 and 12 in Ilede-France and 31D and 34B in Lorraine,
Mnard Soltraitement completed consolidation of the surface layer of recent alluvia
6 m deep on average. No special difficulties
were observed on the Ile-de-France sites
and both were treated using vertical drains.
The two Lorraine plots were much more
complex and this technique was used in
conjunction with CMCs and ballasted blocks.
On a site in the Val-dOise, technical constraints made it impossible to use normal
DEPOLLUTION
In Romania, east of Bucharest, Mnard
Soltraitement finished at the beginning of
2003 the depollution of the soil under a
future large supermarket. The system
used involved a network of suction drains
connected to a pumping room by collectors
and a network of clean air drains connected
to the exterior. Before the floor slabs were
poured, 14,000 m of drains and 5,600 m
of collectors were installed.
2
1_ To meet specifications, Mnard
Soltraitement adapted the diameter of the
CMCs for a project in the Val-dOise (France).
2_ 9,500 CMCs were used for
construction of the Newport ring road
in the United Kingdom.
C o n s t r u c t i o n , I m p r o v e m e n t , D u r a b i l i t y. . .
_FREYSSINET GROUP
14
Assets
2003
2002
3,220
19,243
22,598
5,382
1,757
3,625
4,497
19,999
26,113
5,157
1,910
3,247
50,443
55,766
24,610
143,398
21,061
2,422
25,728
147,668
27,746
3,017
14,483
16,942
7,021
15,919
222,916
227,099
Total assets
273,359
282,865
(thousand of euro)
2003
2002
15,625
20,867
605
37,097
2,846
40,690
22,146
15,625
37,468
11,951
41,142
5,237
30,574
30,310
102,779
107,263
8,708
90,742
48,879
883
21,368
9,779
92,633
42,754
841
29,595
170,580
175,602
273,359
282,865
Capital stock
Consolidated reserves (group share)
Net income of the period (group share)
Shareholders equity
Minority interests
Provisions for liability
Long-term financial debt
Total long-term capital
Down-payments from clients
Trade notes and accounts payable
Others payables
Deferred tax liabilities
Short-term financial debt
15
Income statement
(thousand of euro)
2003
2002
419,529
8,656
428,185
420,359
430,488
8,910
439,398
436,163
7,826
3,235
Financial expenses
Depreciation and provisions, financial items
2,597
,388
4,198
270
2,985
4,468
4,841
1,233
1,898
1,547
925
5,433
351
6,368
Amortization of goodwill
Current taxes
Deferred taxes
1,618
2,412
614
3,714
3,026
2,616
548
11,725
62
5
0
226
605
11,951
Net sales
Other income
Total income
Operating expenses
Operating income
2003
2002
2001
419,529
313,625
430,488
330,483
388,649
289,672
605
11,951
559
37,097
40,690
41,142
30,574
39,495
23,264
22,351
8,678
398
7,904
7,331
573
15,280
11,863
3,417
18,540
13,825
4,715
2,991
2,918
2,788
Net sales
Foreign sales
Net income (group share)
_FREYSSINET GROUP
16
Great Britain
Canada
Poland
The Netherlands
Hungaria
Ireland
Belgium
Switzerland
France
Spain
Italy
Portugal
United States
South Korea
Japan
Romania
Turkey
Egypt
Kowet
United
Arab
Emirates
Mexico
Hong Kong
Thailand
Vietnam
Malaysia
Pakistan
Venezuela
Singapore
Indonesia
Brazil
Australia
South Africa
Argentina
New Zealand
Europe
> BELGIUM
Freyssinet
> ARGENTINA
Belgium N.V.
Freyssinet Tierra Armada
Vilvoorde
Buenos Aires
Terre Arme
> BRAZIL
Belgium N.V.
Freyssinet Ltda
Vilvoorde
Rio de Janeiro
STUP Premoldados Ltda
> SPAIN
Sao Paulo
Freyssinet S.A.
Madrid
Terra Armada Ltda
Rio de Janeiro
Tierra Armada
Espana, S.A.
> CANADA
Madrid
Reinforced Earth
Company Ltd
> FRANCE
Mississauga
Freyssinet
International & Cie
> USA
Vlizy
Freyssinet LLC
Chantilly
Freyssinet France
Vlizy
The Reinforced Earth
Company
Mnard
Vienna
Soltraitement
Nozay
DGI-Mnard
Bridgeville
PPC
Saint-Rmy
> MEXICO
Freyssinet de Mexico
Terre Arme SNC
Tierra Armada S.A.de C.V.
Vlizy
Mexico D.F.
> GREAT BRITAIN
> VENEZUELA
Freyssinet Ltd
Tierra Armada CA
Reinforced Earth
San Bernardino
Telford
> HUNGARIA
Pannon Freyssinet Ltd
Budapest
> IRELAND
Reinforced Earth
Company Ireland
Kildare
> ITALY
Freyssinet
Terra Armata S.R.L.
Rome
> THE NETHERLANDS
Freyssinet Nederland
B.V.
Waddinxveen
Terre Arme B.V.
Breda
> POLAND
Freyssinet Polska
sp z.o.o.
Milanowek
> PORTUGAL
Freyssinet
Terra Armada
Lisbon
> ROMANIA
Freyrom
Bucharest
> SWITZERLAND
Freyssinet S.A.
Moudon
Africa
> SOUTH AFRICA
Freyssinet Posten
(Pty) Ltd
Olifantsfontein
Reinforced Earth
(Pty) Ltd
Johannesburg
> EGYPT
Freyssinet Egypt
Giza
Asia
> SOUTH KOREA
Freyssinet Korea Co. Ltd
Seoul
Sangjee Mnard Co. Ltd
Soul
> UNITED ARAB EMIRATES
Freyssinet Gulf LLC
Dubai
Freyssinet Middle East
Dubai
> HONG KONG
Freyssinet
Hong Kong Ltd
Honk Kong
Reinforced
Earth Pacific Ltd
Honk Kong
> INDONESIA
PT Freyssinet Total
Technology
Jakarta
> JAPAN
F.K.K.
TAKK
Tokyo
> KUWAIT
Freyssinet
International & Co.
Safat
> MALAYSIA
Freyssinet PSC (M)
Kuala Lumpur
Reinforced Earth
Management
Services
Sdn Bhd
Kuala Lumpur
Mnard Geosystems
Sdn Bhd
Selangor
> PAKISTAN
Reinforced Earth
Pvt Ltd
Islamabad
> SINGAPORE
PSC Freyssinet (S)
Pte Ltd
Singapore
Reinforced Earth
Pte Ltd
Singapore
> THAILAND
Freyssinet
Thailand Ltd
Bangkok
> TURKEY
Freysas
Kadikoy - Istanbul
Reinforced Earth
N AAT Proje VE T Caret
A. (REA)
skdar - Istanbul
> VIETNAM
Freyssinet Vietnam
Hanoi
Oceania
> AUSTRALIA
Austress Freyssinet
Pty Ltd
Seven Hills
Reinforced Earth
Pty Ltd
Hornsby
> NEW ZEALAND
Freyssinet
New Zealand Ltd
Reinforced Earth Ltd
Auckland
www.freyssinet.com