IHC Caland N.V. - Introduction

Introduction

Postbus 31
Schiedam
NL-3100 AA
Netherlands
Telephone: + 31 10 232 09 00
Fax: +31 10 232 09 99
Web site: http://www.ihccaland.nl

Public Company
Incorporated: 1965
Sales: $1.34 billion (2004)
Stock Exchanges: Euronext Amsterdam
NAIC: 336611 Ship Building and Repairing; 333120 Construction Machinery Manufacturing; 541330 Engineering Services

IHC Caland N.V. provides engineering and support services for the offshore oil and gas industry and for other industries, including dredging, mining, shipyards, gravel extraction, and others. The company's services include the design and production of offshore loading/unloading systems and even the design, manufacturing, and operation of complete Floating Production Storage and Offloading Systems (FPSO/FSO). The company, through its SBM Group of subsidiaries, builds and leases these turnkey platforms, a concept pioneered by IHC Caland itself, and the company remains the world's leading producer of FPSO/FSO systems. Through subsidiary NKI B.V., IHC Caland also provides design, engineering, and construction services for the building of airport and railroad terminal infrastructures. IHC Caland is also a world-leading provider of customized dredging equipment, an activity related to the company's former status as the world's leading manufacturer of dredging vessels. In 2005, however, IHC Caland completed the sell-off of its IHC Holland shipbuilding operations, representing the end of some 300 years of history. Listed on the Euronext Amsterdam Stock Exchange, IHC Caland posted sales of $1.34 billion in 2004.