Abengoa S.A. | Introduction
Introduction
Avda de la Buhaira 2
Seville
E-41018
Spain
Telephone: +34 95 493 71 11
Fax: +34 95 493 70 02
Web site: http://www.abengoa.es
Public Company
Incorporated: 1941
Employees: 9,318
Sales: EUR 1.69 billion ($2.01 billion) (2004)
Stock Exchanges: Bolsa de Madrid
Ticker Symbol: ABG
NAIC: 238210 Electrical Contractors; 221122 Electric Power Distribution; 221310 Water Supply and Irrigation Systems; 221320 Sewage Treatment Facilities; 236115 New Single-Family Housing Construction (Except Operative Builders); 236116 New Multi-Family Housing Construction (Except Operative Builders); 236117 New Housing Operative Builders; 237990 Other Heavy and Civil Engineering Construction; 334511 Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing; 334512 Automatic Environmental Control Manufacturing for Regulating Residential, Commercial, and Appliance Use; 334513 Instruments and Related Product Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables; 334515 Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals; 334519 Other Measuring and Controlling Device Manufacturing; 335311 Power, Distribution, and Specialty Transformer Manufacturing; 335931 Current-Carrying Wiring Device Manufacturing; 336510 Railroad Rolling Stock Manufacturing; 541710 Research and Development in the Physical Sciences and Engineering Sciences; 541910 Marketing Research and Public Opinion Polling; 562111 Solid Waste Collection
In slightly more than a decade, Abengoa S.A. has transformed itself from a company focused almost exclusively on the engineering and industrial construction market into a diversified, international corporation. Abengoa's operations are conducted through four primary divisions: Bioenergy; Environmental Services; Industrial Engineering and Construction; and Information Technologies. The company's Bioenergy division is centered on Abengoa Bioenergía, the largest European, fifth largest American, and second largest global producer of bioethanol, with an installed capacity of more than 700 million liters. Bioenergy accounted for nearly 20 percent of Abengoa's EUR 1.69 billion ($2.01 billion) in 2004 sales. Environmental Services operates through Abengoa's majority control of publicly listed Befesa, acquired in 2003, and focuses especially on recycling and industrial waste management, as well as engineering and construction for water treatment and waste management. This division added 21.3 percent to company revenues. Information Technologies focuses on providing network systems and integration for the energy, traffic control, transportation, and environmental markets, accounting for 16 percent of group revenues in 2004. Finally, Industrial Engineering and Construction represents Abengoa's historical core, with a particular focus on the electrical and telecommunications markets, as well as the construction of industrial facilities and power plants, including fossil fuel and renewable energy (bioethanol, wind, solar, geothermal, and biomass) plants. This division accounted for nearly 43 percent of the group's sales in 2004. Spain remains Abengoa's major market, accounting for nearly 60 percent of group revenues. The company is listed on the Bolsa de Madrid; the founding Benjumea family maintains a 55 percent stake in the company. Felipe Benjumea Llorente and Javier Benjumea Llorente, son and grandson of Abengoa's founder, serve as company co-chairmen.