LatAm tops Técnicas Reunidas backlog list

Friday, November 7, 2014

Latin America represented 26% of engineering and construction company Técnicas Reunidas's 8.787bn euro (US$10.912bn) backlog in the first nine months.

The Middle East accounted for 23%, Europe 20% and rest of the world 31%, according to a company presentation.

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CEO Juan Lladó highlighted third quarter awards which in Latin America were for Mexican state oil company Pemex's Minatitlan refinery, Peru power generator Enersur's open cycle project and AES's Los Mina open cycle project in the Dominican Republic.

"We're back in Mexico with the right customer, in the right time and with the right product," he added.

Técnica Reunidas' backlog includes modernization of Peru's Talara refinery; work at Bolivian refineries in Cochabamba and Santa Cruz, and upstream/gas projects Margarita field II and Gran Chaco; and Venezuela's offshore Perla development.

The group's latest earnings report is available here.