Professional Documents
Culture Documents
EVENTS | 11
LEGAL | 18
BUSINESS LEADS | 33
PRODUCTS | 36
THE LAST WORD | 40
Licensed by Dubai Media City
Essential information for mechanical, electrical and plumbing professionals An ITP Business Publication | April 2010 Vol. 5 Issue 4
PIPES,
GENSETS
A GUIDE TO THE
MAJOR SUPPLIERS
AND PLAYERS
CABLES
DOW WIRE & CABLE
ON THE ROLE OF
INFRASTRUCTURE
GROWTH
MARKET
ANALYSIS
THE LATEST RESEARCH
PATH
Al Habtoor-Specon
or-Specon reveals the
INSIGHTS INTO THE MEP secrets behind
ehind its phenomenal
MARKET IN THE GCC growth, despite
d it th the ddownturn
t
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CONTENTS
16
23
03 CONSTRUCTION WEEK ONLINE 18 LEGAL latest research report on the MEP
sector in the GCC.
05 COMMENT 20 GENSETS
A round-up of major suppliers and 30 PIPES
06 UPDATE players. A round-up of major suppliers and
players.
14 THE BIG INTERVIEW 23 CABLES
Al Habtoor-Specon MD Thrasos Dow Wire & Cable global mar- 33 BUSINESS LEADS
Thrasyvoulou. keting director Jon Penrice on
infrastructural growth. 35 METAL MONITOR
16 PROFILE
Ariston Thermo Middle East mar- 26 MARKET ANALYSIS 36 PRODUCTS
keting manager Emanuele Stano Senior research analyst Vivek
on the latest technology. Vijayakumar on Frost & Sullivan’s 40 THE LAST WORD
EDITOR’S CHOICE
OCEAN HEIGHTS
DAMAC Properties’ Ocean Heights is an 83 storey, 310 m high residential tower. It was designedd by
best
Aedas, whose projects include the Dubai Metro and the Pentomium. The project received a Bentley ‘best
architecture’ award in 2006. It has a ‘minor’ twist from floor-to-floor level.
HOLISTIC ENERGY SAFETY TALLY • On World Water Day, DuPont trumpets its
MANAGEMENT Selina Denman, Editor, water-saving technologies
Brett Annesley, Commercial Interior • British plug set for design revamp
Guest Columnist Design
Energy-management Clichés express
• Marshall-Tufflex appoints new technical
approaches to lighting an unavoidable, manager for the Gulf
control and design resounding truth. The
may provide the key much-abused ‘safety
to reducing energy in numbers’ is a case SPOT POLL
consumption within in point.
the commercial What’s your biggest headache
sector.
right now?
BACKTRACK
Greg Whitaker, Editor,
MARKET GAP
Stuart Matthews,
41.4%
Finding new work
PMV Middle East Senior Group Editor
The Emirates Motor A good plumber is
Museum in Abu Dhabi
has a selection of cus-
harder to fi nd than
an odourless camel,
34.5%
Getting the money we’re owed
tomised Dodge Power which can only mean
Wagons. However,
while we have dune-
bashing as a sport,
there’s a gap in the
market. Who will be
the fi rst to fill it?
24.1%
Unhappy workers
Monster Truck racing
hasn’t taken off here
as it has in the US. 0.0%
Materials procurement
For more comments, check out www.constructionweekonline.com/comments
T
PO Box 500024, Dubai, UAE
Tel: 00 971 4 210 8000
he planet marked World Water Day on 22 40% of its demand for drinking from bottled water.
Fax: 00 971 4 210 8080 March. According to the United Nations De- The ‘One Million Taps’ programme aims to edu-
Web: www.itp.com
Offices in Dubai & London velopment Programme, more than a billion cate the public and encourage the widespread use of
ITP BUSINESS PUBLISHING people, or about one in six worldwide, do not water-saving devices, from taps to shower heads, for
CEO Walid Akawi have safe drinking water. More than two billion lack example. Interestingly, the campaign is being pro-
Managing Director Neil Davies
Deputy Managing Director Matthew Southwell access to adequate sanitation. If current water-usage moted as a ‘national duty’.
Editorial Director David Ingham
VP Sales Wayne Lowery trends continue, two-thirds of the world’s population While the government aims to provide a safe and
Publishing Director Jason Bowman
will not have enough clean water by 2025. adequate water supply, it is the duty of every citizen
EDITORIAL The international observance of World Water to conserve water, reduce wastage and adopt mea-
Senior Group Editor Stuart Matthews
Tel: +971 4 435 6293 email: stuart.matthews@itp.com Day is an initiative that grew out of the 1992 United sures to maximise water use, according to Al Majal.
Editor Gerhard Hope Nations Conference on Environment and Develop- In addition, companies have a corporate social
Tel: +971 4 435 6252 email: gerhard.hope@itp.com
ADVERTISING
ment (UNCED) in Rio de Janeiro. The Water for Life responsibility to conserve water as part of reducing
Publishing Director Jason Bowman Decade 2005-2015 will give a high profile to imple- their overall environmental impact. Water conser-
Tel: +971 4 210 8351 email: jason.bowman@itp.com
Business Development Manager Atif Majid
menting water-related programmes. The first water vation reduces a company’s risk, and is in line with
Tel: +971 4 210 8155 email: atif.majid@itp.com decade, from 1981 to 1990, brought water to over a consumer preferences, as well as maintaining over-
STUDIO billion people and sanitation to almost 77 million. all efficiency in the supply chain. With regard to the
Group Art Editor Dan Prescott But obviously there is still a lot to do. latter, the Al Majal scheme is designed to provide a
Designer Angela Ravi
According to the Institute for Advanced Strategic total saving of up to 30% to 50%.
PHOTOGRAPHY
Director of Photography Sevag Davidian
& Political Studies (IASPS), water resources in the At the end of the day, there is no hi-tech solution to
Chief Photographer Khatuna Khutsishvili Middle East are plummeting. While representing 5% water scarcity. As the ‘One Million Taps’ programme
Senior Photographers G-nie Arambulo, Efraim Evidor,
Thanos Lazopoulos of the total world population, the Middle East and shows, what is needed, first and foremost, are a few
Staff Photographers Isidora Bojovic, George Dipin,
Lyubov Galushko, Jovana Obradovic, Ruel Pableo, Rajesh North Africa (MENA) region contains only 0.9% of fittings and a lot of common sense.
Raghav
global water resources.
PRODUCTION & DISTRIBUTION The number of water-scarce countries in the GERHARD HOPE
Group Production Manager Kyle Smith
Deputy Production Manager Kyle Smith Production MENA region rose from three in 1955 (Bahrain, Editor
Coordinator Devaprakash V A
Managing Picture Editor Patrick Littlejohn
Jordan and Kuwait) to 11 by 1990 (with the inclu- gerhard.hope@itp.com
Image Retoucher Emmalyn Robles sion of Algeria, Israel and the Occupied Territories,
Distribution Manager Karima Ashwell
Distribution Executive Nada Al Alami Qatar, Saudi Arabia, Somalia, Tunisia, the UAE and
CIRCULATION Yemen). Another seven are anticipated to join the
Head of Circulation & Database Gaurav Gulati list by 2025 (Egypt, Ethiopia, Iran, Libya, Morocco,
MARKETING Oman and Syria).
Head of Marketing Daniel Fewtrell In commemoration of World Water Day 2010, Al
ITP DIGITAL Majal Environmental & Technical Services, a 100%
Director Peter Conmy
Omani environmental company, launched its ‘One
ITP GROUP
Million Taps’ programme under its Oman Water
Chairman Andrew Neil
Managing Director Robert Serafin Mandate (OWM) campaign to address the water
Finance Director Toby Jay Spencer-Davies
Board of Directors K.M. Jamieson, Mike Bayman,
challenges of the country, which reportedly obtains
Walid Akawi, Neil Davies, Rob Corder, Mary Serafin
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The official tour of the new production facility
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PROJECT QATAR
Empower CEO discusses means to foster bilateral trade 12-15 April
Qatar
BUSINESS and exchanging expertise be- www.ifpqatar.com
The CEO of Empower, Ahmad tween Empower and those US
Bin Shafar, has discussed ways companies engaged in the en- CITYSCAPE ABU DHABI 2010
to foster UAE-US business re- ergy sector in particular. The 18-21 April
lations at a meeting with the US delegation praised the lib- ADNEC, Abu Dhabi
newly-appointed US Consul eral business climate in Dubai www.cityscapeabudhabi.com
General Justin H. Siberell. Prin- in particular and the UAE in
cipal commercial offi cer Robert general. GULF WATER & POWER FORUM
W. Dunn was also present at the Siberell described the emir- 25-27 April
historic meeting. ate as a hub for the entire region, Bahrain
Bin Shafar, the head of the thanks to the far-sighted vision www.gulfwpf.com
largest district cooling service of HH Sheikh Mohammed bin
provider in the region, said the Rashid Al Maktoum, Vice-Pres- BUILDING SUSTAINABILITY
UAE is one of the top places to ident and Prime Minister of the INTO THE MIDDLE EAST
do business in the world, and US UAE and Ruler of Dubai. The 28 April
businesses are actively seeking delegation agreed that Dubai Dubai
to become a major part of this. was a success story with world- www.itp.net/events
On the other hand, among the class infrastructure. Ahmad Bin Shafar
most promising prospects for “Empower has succeeded in ARAB ENERGY CONFERENCE
US exports to the Middle East, building world-class district tial units are becoming increas- 9-12 May
according to the US Department cooling infrastructure, which ingly aware of the importance Doha, Qatar
of Commerce, is in the area of is considered an ideal econom- of using district cooling as an http://aec9.oapecorg.org
air-conditioning and refrigera- ic and environmental solution alternative to conventional AC
tion equipment. for residential and commercial systems, leading to energy sav- FM EXPO 2010
The meeting stressed the units, offices and hotels in the ings and increased environmen- 18-20 May
need for boosting co-operation UAE. I am pleased that residen- tal awareness.” Dubai International Conference &
Exhibition Centre
www.eventseye.com
Growth
trajectory
Turnkey MEP contractor Al Habtoor-Specon is showing strong growth despite the
downturn. MD Thrasos Thrasyvoulou explains why.
he company doubled its turn- ately through Al Habtoor Engineering. This tractor, with the traditional scope of HVAC,
over from 2008 to 2009, and was a boom time for contractors, who were plumbing and sanitary, electrical and BMS.
has enough projects in hand in search of reliable and qualified MEP spe- We also had a lot of experience in MV and HV
“to grow 50% this year as well. cialists to do an almost impossible quantity of substation work and transmission lines.”
Our strategic planning for work in terms of the timeframes and demands Hence an energy and power division was
the next three years is based of the industry,” says Thrasyvoulou. formed, culminating in the signing of a MoU
on a growth rate of 25% a year, to enter into a consortium with VINCI Ener-
based on our projections and INITIAL SUCCESS gies of France “to participate in and execute
the specific jobs we are being The initial success was also largely due to the projects in Qatar for MV and HV substations.
called to tender on. This is vast experience in MEP of the combined core The prequalification and representations to
reasonable growth under the circumstances,” team, which had garnered 20 to 25 years’ ex- the relevant ministry have been completed,
says Thrasyvoulou. “Our aim is to get involved perience prior to Al Habtoor-Specon arriving and we are in line to obtain documents for
in projects with other major contractors in the on the scene. “Most of the senior personnel the first tender. This three-billion Qatari Riyal
region and abroad, and to have exposure to a were part of an earlier establishment led by project will increase our works in hand sub-
broader client base.” myself,” says Thrasyvoulou. This also helped stantially,” says Thrasyvoulou.
An indication of just how fast the market to mitigate the impact of the global downturn
has changed is that when MEP Middle East in late 2008. “In fact, due to the pipeline avail- DIVERSIFICATION
spoke to Thrasyvoulou in July 2009, he was able with our partners, the downturn in the “Our diversification also covers the infrastruc-
confident that the company was well on its area, and specifically in Dubai, has not affect- ture, MV and external facilities in projects like
way to an impressive AED2 billion target. ed the growth of Al Habtoor-Specon as much, Sheikh Zayed University, Paris Sorbonne Uni-
“We have not achieved this level because of though the growth would have been higher if versity and Khalifa Port and Industrial Zone
the downturn, especially in Dubai, where a there had been no downturn, of course.” that the company is currently carrying out.
lot of projects have been postponed or re- Thrasyvoulou says diversification was a We also have qualified engineers and design-
designed, which will affect cash flow for a conscious strategy right from the beginning.
long period. In the interim we have become “Even though our project pipeline was big
an AED1 billion company, and our immediate enough to sustain us during the immediate
plan is to reach the AED1.5 billion level,” says shock of the downturn in this area so that we
Thrasyvoulou. kept on growing, I have always been a firm
Al Habtoor Engineering and Specon Lim- believer in not keeping all your eggs in a sin-
ited signed a memorandum of understanding gle basket. So at the time of the downturn we
(MoU) in October 2005, with the partnership only had about 20% of our business in Dubai,
registered officially in July 2007. Both parties and were not heavily affected.”
were already highly credible and experienced This was due to geographic diversification,
players in the market, so it was an auspicious as “you do not want to be in one area only.” As
beginning for the new company. The immedi- a result the company “expanded cautiously
ate result was “tremendous growth within a and steadily,” moving into Abu Dhabi and
short period of time,” says Thrasyvoulou. Qatar. “Geographically we are now tendering
This was due to the complementary na- for projects in Saudi Arabia, Kuwait, Bahrain
ture of the two parties, together with their and Oman as well, and other areas where we
well-established presence. “The second fac- hope to get business in order to diversify our
tor that contributed to quick growth was the portfolio.” Then there is diversification of spe-
pipeline of projects available to us immedi- cialisation. “We began as an A-Z turnkey con- Paris Sorbonne University
ers in-house who are LEED-accredited, which go to the extreme of dropping prices to the “There are many other projects in the pipe-
is another trend in terms of green building level where quality is sacrificed and projects line, like New York University, Tawam Hos-
and sustainability. Needless to say, within cannot be executed properly. This is a danger- pital, Al Ain University and the Abu Dhabi
MEP we cater for complex systems like ELV, ous thing in my opinion. Clients must be very Airport. At present we are participating in
audio-visual, CCTV, fire alarm and fire fight- cautious in this respect. almost all of these tenders, and are optimis-
ing, for example,” says Thrasyvoulou. tic that some major projects will be secured,”
Commenting on the current state of the DUBAI HAS SUFFERED MOST says Thrasyvoulou.
market, he says: “Personally I believe that “Certainly the global economic recession Such optimism is based on the company’s
after the initial shock of the downturn in late has affected all countries. In the UAE, Dubai, good engineering background and in-house
2008, the market in general has absorbed this due to the previous unsustainable boom and design capability. A big problem to date has
and stabilised. I do not foresee a much bigger the sudden global downturn, has suffered been the time constraints demanded by cli-
downturn; I cannot say we have reached the more than other areas in the Gulf in terms ents in order to enable them to capitalise
absolute bottom either, because there are so of growth, fewer new projects, a slowdown in speedily on their returns.
many factors involved. existing projects, especially hotels and resi- “Often the design is not completely finished
“From a personal point of view, I do believe dential/commercial developments. I believe and the scope is not very well defined. Then
we are nearly at the bottom. One thing I am that, after the initial shock in 2008 and the if the MEP contractor does not have the capa-
sure about is that the liquidity, the availability sustained recession in 2009, 2010 will still be bility to check the design in terms of system
of money through the banks, is better than a low-growth year – specifically in Dubai, but workability, the end result will be a project
a year ago. During the downturn, finance for even in general in the Gulf region.” with problems. MEP is the biggest single ele-
projects was largely unavailable, as banks Thrasyvoulou says this view is reflected in ment after the main contractor in a building
were in a more difficult position than contrac- a shift in the market. “In terms of work, there project. Buildings suffer if the air-con does
tors even. These days I am optimistic that is a definite shift from the residential/com- not perform properly or there are plumbing
even if we are not at the bottom, we are nearly mercial sector to education/healthcare and problems at the end. We are a major part,”
there and that the liquidity is getting better. industrial/infrastructure work – what I call concludes Thrasyvoulou.
“I believe that opportunities are good in the traditional sectors.
areas like Qatar, Kuwait, Saudi Arabia and “Our recent success in carrying out two of
CURRENT PROJECTS
Bahrain for an MEP contractor of our qual- the major educational projects in the area –
ity and depth. Weaker companies have closed Sheikh Zayed University (in a joint venture • Paris Sorbonne University, Abu Dhabi
down or merged, and the number of major with Hastie) in the magnitude of AED540 • Sheikh Zayed University, Abu Dhabi
competitors capable of executing big projects million and Paris Sorbonne University (in • Rotana, Shangri-la, Merweb in Doha
has been reduced,” says Thrasyvoulou. the magnitude of AED240 million) – is itself • Saadiyat Island accommodation, Abu Dhabi
However, increased competition for a evidence of this shift. “Both of these projects • Khalifa Port and Industrial Zone, Abu Dhabi
diminished pool of projects has placed in- include related infrastructure works and • Kempinski Residences, Dubai
creased pressure on pricing. “I have recently complex specialised systems. In addition, the • Masdar Institute of Science and Technology
seen a drop in prices. A lot of MEP contrac- Khalifa Port and Industrial Zone project we • Works on Dubai Pearl
tors, in order to sustain themselves, are be- secured recently, in the magnitude of AED320 • Business Bay Hotel, Dubai
coming more competitive. I hope they will not million, verifies this further.
HEATING UP
Ariston Thermo Middle East marketing manager Emanuele Stano explains why the
water-heating market in the region is hotting up.
troduced to the MENA region quite quickly? Thanks to our presence over the last 30 years
Exactly. With six million water heaters pro- and the recognised quality of the products,
duced a year, and 19 factories all over the
world, the group must always respect the
latest and strictest regulations coming from
SIX Ariston continuously increased its presence
in this market, with several competitors ap-
pearing and disappearing in terms of the
any of the major markets. The Middle East
market, being supplied from the same facto-
ries which manufacture goods for Europe,
MILLION
The number of water heaters Ariston
competitive scenario. In the water-heater
sector, Ariston is the major player in the UAE
market, with internal marketing estimations
offer only CE-certified model ranges, which giving us a market share about three times
comply with European regulations in terms Thermo manufactures globally per year larger than our nearest competitor.
of safety and performance.
What are some of the major trends impacting
Do your products have to be adapted at all for and retail. With the booming growth in the on the market here? Are green building and
local conditions? real estate market over the last decade, a big sustainability major drivers?
Our product lines have been calibrated on effort was placed on tender sales, and this As a group, yes, this is a focus, with big in-
the most extreme conditions to satisfy the guaranteed us the biggest market share and vestment in solar systems, heat pumps and
market demands coming from any of the premium recognition today. We can answer energy-saving appliances. In the Middle East
150+ countries where we sell our goods. the demands for any hot-water requirement, we are in the starting phase, with a lot of in-
In our region, only KSA requires a special from domestic use to industrial. Nowadays terest being expressed in solar. It will still
safety valve to respect the SASO regulation. the opportunities are coming from the take some years to reach a mature market
Therefore we have a specific full line of prod- ‘green’ technology approach in new build- level in this regard. Sensitivity to energy ef-
ucts equipped with this accessory for our ings, but also from neighbouring regions ficiency has still not matured here. I am sure
Saudi customers. such as Eastern Africa and Central Asia. this will happen in the next few years. The
low cost of electricity is not pushing users to
What are the main markets you serve? What gives you the edge in such a highly com- save on energy consumption. However, the
We have dedicated sales teams for projects petitive market? government is putting much effort into this
new green trend, and the results will soon
LATEST TECHNOLOGY FOR THE MIDDLE EAST become apparent, with solar systems becom-
ing more and more popular in both domestic
The Ariston Thermo Group has launched a and commercial buildings.
new range of electric storage water heaters
(50 to 100 litre capacity) in the Middle How has the economic downturn affected
East. Anticipating continuous technological business regionally and globally?
innovation, and in respect of the latest Of course, the second half of 2008 and the
European standards on energy efficiency, whole of 2009 presented us all with a chal-
the Ariston worldwide product offering has lenging scenario. From this altered econom-
been updated. Commercialisation of the ic perspective, new opportunities emerged,
updated range in the Middle East began in and if markets such as Dubai showed a slow-
January 2010. down, others such as Abu Dhabi, Qatar and
Technical specifications such as the KSA kept on at high levels, guaranteeing
heating element power rate, voltage, tank an overall good performance for the area.
working pressure and external dimensions have not been changed at all. However, building on Emerging markets are still showing strong
the strong foundation of the renowned quality of Ariston products, certain improvements have growth. Globally this has been the occasion
been introduced to all models in the range. to revise some procedures in order to con-
These include Nanomix technology, which guarantees improved performance due to new solidate the growth of previous years and
internal components, a new unbreakable external thermometer, new finishing technology for to be even more competitive as soon as the
the external casing, new Italian-designed aesthetics and more resistant carton boxes. markets again start pulling in the sales.
The new PRO ECO model, thanks to electronic control, presents a wide range of features,
including the BEST control system, the ECO function for energy-saving, a front LED control What is your outlook for the year ahead?
panel with a ‘smart’ thermometer, an ABS safety package that includes active electric safety, In our sector we probably still have to face
an anti-overheating system, an anti-dry heating function, an auto diagnosis function and an the impact of the stopping of many real-
anti-bacterial function. Titanium Plus glass-lined is offered on the PRO ECO model. estate projects in the region. Few new con-
The existing Ti Tronic and Ti Tronic BEST ranges will be replaced by the new PRO ECO range. struction projects have commenced in the
The existing SG R range will be replaced by the new PRO R range, while the existing SGHP last 18 months, and this will mean little de-
range will be replaced by the new BLU R range. mand for water-heating appliances during
The Ariston Thermo Group, a global leader in heating and hot-water products, has a leading 2010 and 2011. However, as stated, this will
position in three key sectors: water heating, central heating and air-con, and components. Its be compensated for by new markets that we
range includes wall-hung and floor-standing boilers, water heaters, solar systems, heat pumps are exploring, along with new opportunities
and air-con. arising from the new product lines that we
are launching.
A
sk almost anyone what ‘set- who is having the set-off applied against it
off‘ (sometimes called ‘contra- has no real opportunity to challenge the set-
charging’) means, and they off until it has been applied. However, set-off
will quickly provide an answer in such circumstances can only occur if such loan account with the same bank, not neces-
to the effect that set-off is provision is expressed in the clearest terms. sarily the same branch, and one of the ac-
where the amount of a claim Set-off, however, is important where it counts is behind in terms of repayment of the
is deducted from another lia- may be difficult to pursue the other party by debt. The bank may in such circumstances
bility, following which only legal action, or if they are at risk of becom- transfer funds from the customer’s account
the net sum is paid. Ask the supplementary ing insolvent. Let us return to the subject of which is in credit to pay the account which
question as to whether there is more than one types of set-off. There are four basic types: is in debt. Although banker’s set-off does not
type of set-off, and not so many answers will legal set-off, equitable set-off, banker’s set- require either a judgment of a court or arbi-
be forthcoming, and certainly not with such off and insolvency set-off. tration award before it can be applied, many
speed; however, more of that later. Legal set-off can only be used as a de- banks will inform customers by including
In construction and engineering contracts, fence to court proceedings, and the claims such set-off provision in the literature which
where set-off is to be applied within the same in respect of which set-off is to be applied customers are required to sign when apply-
contract, it is usually allowable if the claim must be defined or liquidated sums, which ing to open a bank account.
and liability are both liquidated sums – that can be proved. It is important that the claims Insolvency set-off is available in certain
is, defined amounts. Such contracts usually be both due and owing at the time when the jurisdictions where there is an established
provide for set-off in any event, although may claim is made. It is important also that the insolvency law and procedure, as in the UK.
require notice to be served. Some contracts, claims or debts be between the same parties Insolvency set-off cannot be varied by terms
particularly those being industry-standard and that they are held in the same capacity. written into a contract. There are very lim-
forms, will include provision for set-off and Unlike the examples discussed above in ited circumstances where set-off is permis-
describe the provision as such, whereas respect of construction and engineering sible in a bankruptcy or liquidation, because
others will include provisions which clearly contracts, legal set-off claims do not have set-off in such circumstances goes against
amount to set-off, but without mentioning to result from the same or even closely re- the rule in insolvency that unsecured credi-
the term. lated transactions. It is important, however, tors must be treated equally in respect of
Where set-off is to be applied as between to keep in mind that contra-claims which are their claims.
different contracts, this generally can only not defined or liquidated sums but estimates Insolvency set-off aside, it is acceptable to
be done if the contracts contain clear provi- when the set-off is proposed can only be con- include a clause within a contract which lim-
sion for it. However, this is not so unusual firmed following a court judgment or arbi- its or even excludes the right to set-off be-
where the same parties have entered into tration award, and cannot of themselves be tween the parties. If drafted properly, such
more than one contract between them, as in accepted as valid claims for set-off. clauses are enforceable and are not consid-
the case of supply contracts. What is more Equitable set-off is different from legal set- ered as being contrary to public policy. How-
unusual, however, is where set-off is allow- off in that it does not need court proceedings ever, that being said, such clauses must be
able between different parties to different to make it an available option for the debtor; drafted properly if they are to be enforced.
contracts – for example, where at least one moreover, contra-claims must be as a result Note, however, that the right to apply set-
of the parties, and possibly both, to a con- of related, if not the same, transactions. Un- off is variable in different countries, and it
tract are corporate entities and part of larger like legal set-off, claims can be for undefined is better to establish such a right in the con-
groups. or unliquidated sums – for example, damag- tract itself. Again, remember that each com-
Provision can be made in the contract that, es. The sums concerned must, at the time of pany is a separate ‘person’, and set-off rights
where there is a claim from another mem- the set-off being applied, be due and owing. generally only run within a particular con-
ber of the same group in respect of another If for an undefined or unliquidated sum, the tract and between the same parties. If you
contract, one party may set-off against the amount must be a reasonable assessment want something more extensive, it needs to
other the amount due (or claimed) by that and made in good faith. be stated clearly (and may be difficult to en-
other member of the same group. This may Banker’s set-off is where the customer of force in practice).
be considered somewhat unfair, as the party a bank has more than one current account or Dennis.Brand@traprain.com
Genset suppliers
you should know
Gensets are used to supply electrical power in places where utility power is
unavailable, or where power is needed only temporarily.
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AND ENVIRONMENTAL STEWARDSHIP IN VIRTUALLY EVERY CATEGORY. AS A CHARTER MEMBER OF THE CLINTON CLIMATE INITIATIVE AND PLATINUM SPONSOR OF GREENBUILD
AND THE LEED FOR SCHOOLS INITIATIVE, TRANE HAS THE DIRECTION, STRATEGIES AND GLOBAL COVERAGE TO MAKE A POWERFUL CONTRIBUTION IN THE FIGHT AGAINST GLOBAL
WARMING AND CLIMATE CHANGE.
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construction. These are health and nutrition, about 12 years from starting a project to
energy, transportation and infrastructure getting approval. It really has become such
and consumerism.
ASPIRATIONS
US$ a political process it is almost impossible to
get new overhead lines.
foot. However, the major cost is not the cable loss. “The average is 9%, which is a global Inside is really a strategy aimed to try and
itself, but in the operation. The initial cable figure, but it can be much higher if you have raise awareness of the importance of quality
costs 14%, what we call the lifetime cost of commercial losses. Best practice globally is in the industry. The lowest-cost, most relia-
the cable, while the installation is nearly 4% to 5%. In terms of a cable with a 40-year ble cable system is built on high-quality man-
three times that at 40%. This is where the lifespan, that energy loss accounts for about ufacture of compounds and semi-conductive
longevity and reliability issues come in, to- a third of the cost. That is just the cost of all the way through to the cable itself.
gether with asset management. If you end the electricity losses; it does not include the “Our approach with Dow Inside is to go to
up in an asset-replacement strategy, you will carbon costs that may accrue. the marketplace itself and point out the im-
end up facing significant replacement costs,” “So our philosophy is really to tackle the portance of these quality standards. Quality
said Penrice. big picture: the cost of installation, reliabil- standards around the world are very varied:
An invisible element of the cost calculation ity and longevity, and see how we can bring some are demanding, while some are not.
that is often ignored is the issue of energy solutions to bear to reduce that cost. Dow Standards tend to be negotiated in commit-
tees, which will go for the lowest common
denominator, and so standards get diluted.
DUCAB CELEBRATES 30 YEARS In the end they become minimum standards,
which I think is normal.
Ducab, a leading manufacturer of high-quality products, and hosted a series of joint seminars “But there are better alternatives. We
power cables in the Middle East, showcased with Dow Wire & Cable and FM Sudafix. see the opportunity for high-performance
its latest technologies in cable manufacturing “This year Ducab is celebrating 30 years cables. Rather than change the standards,
at this year’s Middle East Electricity Exhibition of powering the region as a manufacturing which can be a very long process, it is far
at the Dubai International Convention and leader,” said MD Andrew Shaw. Ducab has better to have high-quality cables from the
Exhibition Centre. The company displayed launched a new office in Qatar and is also start and say these are the benefits that can
products from its Special Cables Unit, planning a number of expansions outside of be achieved. But this can only work if we
launched a new range of Ducab Connect the UAE market. have a combined collaborative approach in
the industry,” said Penrice.
costs, weaker financial background and lack down after a year. These companies gener- prices and labour costs, we expect the direct
of regional presence, track record and tech- ally have a profit margin in the range of 5% material cost to go higher in future. Also, the
nical expertise. Only the top MEP service to 7%, depending on the economic conditions cost of direct labour will increase in the fu-
providers are currently providing training of the country and the type of projects they ture due to rising staff accommodation costs.
for their employees, either in-house or on- get involved in. Finally, net profit margins are likely to de-
site. Some are sending them to institutions cline further, placing added pressure on con-
to become qualified, and then reabsorbing You state that ‘contractors are continu- tractors going forward. All material prices
these employees. ously upgrading their services’. This im- related to construction are an important end
plies a new focus on quality, customer consideration in terms of profit margins.
What is the future outlook for smaller MEP service and value addition?
companies? Yes, in order to cope with the growing de- Technologies such as BIM are becoming
The smaller MEP companies with strong velopment of next generation/green build- more important?
technical capabilities and a local presence ings, huge iconic or sophisticated projects, BIM software currently does not play a ma-
are trying to establish themselves through island projects and multi-tenant/mixed-use jor role in the sustainability of MEP serv-
a tie-up (either JV or acquisition) with top developments, MEP contractors are upgrad- ices in the construction sector in the GCC,
companies (either MEP service providers or ing their services continuously by invest- as the construction industry still has a long
with developers with an in-house MEP divi- ing in in-house pre-fabrication, design and way to reach such a high level of technical
sion) having a presence in all six GCC coun- service capabilities. The increasing focus proficiency. It is dismaying to note that eve-
tries, or at least with companies having a on next-generation developments is mainly rything concerning MEP design has been
presence in the top three potential countries, due to the need to be cost-competitive due done manually in 2D to date, especially in a
so as to expand themselves regionally. to energy-efficiency and environmental sus- region like the UAE, where there are mas-
These smaller MEP companies will nor- tainability factors, and also to enhance the sive and incredible projects taking place.
mally end up doing a limited number of market dynamics. BIM software will allow MEP engineers to
projects either through sub-contracting or slash overall project costs, speed up the de-
self-performed. There is a chance that these What is the forecast in terms of material sign process and improve build quality by
companies will sometimes end up not do- and labour costs? reducing mistakes. The usage of BIM is not
ing any projects in a year; some might close Due to the rise in construction commodity under the scope of the study.
SHERATON HOTEL, HONG KONG BURJ TOWER, DUBAI GRAND HYATT HOTEL, DOHA SHORELINE APARTMENTS, DUBAI
_ 782 rooms, ballrooms & meeting spaces, _ Armani Hotel, residences, offices _ 249 rooms & 93 villas, 39000 litres/hour _ 6 buildings, each with 156 apartments,
restaurants & lounges, cafes & bars 71000 litres/hour hygienic hot water at 60 °C hygienic hot water at 60 °C 10000 litres/hour hygienic hot water at 60 °C
_ Electric hot water system 800 kW, 4x 2500 litres _ Gas condensing boilers & skid mounted _ Steam boilers, 3x 4000 kg/h, 11 bar _ 200 m² solar panel area, solar gain 80 %
_ Heat pumps, 4x 350 kW heat exchanger packages, 11x 300 kW _ Stainless steel high capacity water heaters, _ Gas condensing boilers for back-up heating 2x 80 kW
_Electric steam boilers, 2x 1800 kg/h, 10bar 6x 450 kW, 6600 litres/hour at 60 °C _ Stainless steel calorifiers, 3x 4000 litres
In the pipeline
From water to wastewater and district cooling, piping plays a major role. We look at
some of the major players in this vital infrastructure sector.
ABU DHABI PIPE FACTORY BOROUGE provides a range of differentiated products for
The Abu Dhabi Pipe Factory LLC (ADPF) was Borouge is a leading provider of innovative high-value infrastructure applications, includ-
established in 1981 in technical collaboration plastics solutions. Established in 1998 as a joint ing water, gas and industrial pipe systems and
with Cord International of France. It is a leading venture between the Abu Dhabi National Oil power and communications cables.
manufacturer of glass-reinforced plastic (GRP) Company (ADNOC) and Borealis, a leading
pipes and fittings in the Gulf. It uses dual heli- European plastics provider, Borouge employs CORYS-HEPWORTH PME LLC
cal filament winding for core pipes from 25 mm Borstar technology for end-use plastics appli- Hepworth PME LLC is the Middle East’s pre-
to 2 000 mm, and continuous filament winding cations throughout the Middle East, the Asia- mier manufacturer and supplier of a range of
for jacket pipes from 250 mm to 3 200 mm. Pacific and Africa. high-quality plastic pipes, fittings and accesso-
The factory has a total area of 150 000 m², of Its petchem complex is located at Ruwais in ries used for the distribution and transmission
which the production area is 40 000 m² (Abu Abu Dhabi, with a multi-billion dollar expan- of water, wastewater and gas. Corys is the hold-
Dhabi and Dubai combined). The production sion due to commence production this year. ing company. Distributed in Dubai for over 35
capacity is 50 000 tons of pipes and fittings a This will effectively triple existing production years, all products are represented by a chain
year. It has a combined total of nine production capacity to two million tons a year, including of offices throughout the area. Hepworth prod-
lines for dual helical winding and four for con- – for the first time – polypropylene. Borouge ucts conform to the highest of international
tinuous winding. standards used in the region. Its substantial
ADPF pre-insulated GRP pipes are used stockholding ensures it is able to consistently
widely in piping networks for district cooling satisfy the requirements of the industry.
700
systems. A pre-insulated GRP pipe consists Hepworth PME offers a range of PVC-U
of a core pipe, also called a carrier pipe, and a pressure pipes and non-pressure pipes and fit-
jacket pipe, also called a casing pipe, with poly- tings, PVC and ABS fittings and PP, PP-R, ABS
urethane foam in the annular space between and PE pipes in imperial and metric sizes. Its
the pipes. Insulation provides the primary engineered fittings have been installed on sew-
thermal resistance against heat gain in chilled Failures a day in the US in ageing erage, water supply, irrigation, fire mains, soil
water systems. Normally two pipes are laid in and waste contracts throughout the Middle
parallel in the same trench to serve as a sepa-
water-distribution systems East. Grease traps, end caps, land drain slot-
rate supply and return. ted pipes, long radius bends for street lighting
bends, road gulleys, catch basins and sealed from operators to highly-skilled engineers.
dry manholes are just some of the fabricated ELIPS will use spray technology for manu-
products from Hepworth PME. facturing large-diameter pre-insulated pipes,
In March 2009, Hepworth PME entered into
a joint venture with George Fischer, a global
US$36 which will ensure high-quality products and
also result in savings in raw material costs as
corporation across 130 companies worldwide
with 50 production sites (80 companies are
based in Europe, 35 in Asia and the Middle
BILLION
The yearly cost of corrosion on the
compared to traditional injection technology.
This technology also enables the JV to enter
the oil and gas industry, which is not possible
East, 12 in America and two in Australia.) The water and sewerage system in the US with traditional injections. Currently, only one
company’s core competency is piping systems, out of five existing pre-insulated pipe manufac-
plastic and metal fittings, valves and shut-offs turers are using spray technology.
for water, gas and other liquids.
Another recent joint venture is with MDS DPF is part of the Amiantit group, a leading FUTURE PIPE INDUSTRIES
Meyer GmbH, a German specialist in the pro- manufacturer of pipe systems. The group’s The Future Pipe Industries group (FPI) is a
duction of rubber seals and gaskets. The new pipe systems division comprises almost 30 global leader in large-diameter fibreglass pipes,
company formed under this agreement, Corys wholly-owned, majority-owned or joint-venture developing, manufacturing and supplying sys-
MDS LLC, will produce a range of MDS brand- manufacturing facilities in 18 countries. Using tems in over 50 countries. Headquartered in
ed rubber gaskets in Dubai. This latest step in the latest technologies, pipes are produced in Dubai, it comprises ten factories and a global
the group’s growth will help reduce the high a wide variety of materials such as glass rein- network of sales offices across four continents,
costs of importation and the attendant delays in forced plastic (GRP), glass reinforced epoxy serving customers and end users in a variety
transportation. It will also help expand its cus- (GRE), thermoplastic (HDPE, PVC and PP), of sectors, including, oil and gas, infrastructure
tomer base worldwide. concrete, polymer concrete and ductile iron. and municipal, water distribution, desalination
Corys has manufacturing units in Rashidiya International brands include AmPlas, and power, petchem and industrial.
in Dubai, Dubai Investment Park and Qatar, as Amipol, Amipox, Flowtite, Meyer Polycrete, FPI was established in 1984 when Fouad
well as fabrication workshops in Sharjah and Speedmark, C-Tech, AmiGrip and Vectus. The Makhzoumi acquired a stake in Gulf Eternit
Abu Dhabi. A new unit is due to open in 2010 comprehensive range of Amiantit products in- Industries, the first company in the group. As
that will double the production capacity to ac- cludes pipes and accessories for water, sewage, a manufacturer of a comprehensive portfolio of
commodate expansion within the UAE and hydro-power, gas, oil services, construction, fibreglass pipe systems, FPI has successfully
other export markets. Corys employs over 800 engineering, municipal, industrial, agricultural promoted fibreglass as a substitute for pipe
staff across all its sites, and offers its customers and marine applications. systems based on traditional materials.
a range of more than 25 000 products. A fleet of Polyester and vinylester based fibreglass
over 50 vehicles permits site delivery within an ELIPS reinforced composites (GRP/GRV) offer excel-
efficient timeframe. The UAE’s largest pre-insulated pipe manu- lent performance in terms of corrosion resist-
Production is achieved with the use of Eu- facturing facility, Empower-Logstor Insulated ance and resistance to loads (buried installa-
ropean equipment of the highest quality from Pipes Systems (ELIPS), was launched officially tions) in high pressure and high temperature
suppliers such as KraussMeffai, Battenfeld, in Jebel Ali recently by HRH the Crown Prince applications. GRP pips have been used exten-
Weber and Engel, and raw material from sup- of Denmark Frederik Andre Henrik Christian sively in the desalination and power industries
pliers such as Borouge and Sabic. Hepworth and HH Sheikh Mansoor Bin Mohammed Bin (salt water systems, intake and discharge/
PME is an industry leader in installing and in- Rashid Al Maktoum. outfall, cooling water systems, flue gas desul-
tegrating the Oracle ERP (Enterprise Resource ELIPS is a joint venture (JV) between Emir- phurization and utility piping), water distribu-
Planning) system. This automated system al- ates Central Cooling Systems Corporation tion and municipal/infrastructure applications
lows supply chain excellence, real-time man- (Empower), a leading district cooling company (storm and surface drainage, sewer and district
agement and communication, and gives Corys in the UAE, and Logstor, the world’s largest cooling and heating.)
a major administrative advantage. manufacturer of pre-insulated pipes. The US$25
Recently recertified for ISO 9000, Hepworth million facility will cater to the requirements SAUDI PIPE SYSTEMS
PME has worked on iconic projects such as of the district cooling and oil and gas sectors Saudi Pipe Systems Company is based in Jed-
The Palm Jumeirah, Burj Khalifa, Burj Al Arab across the Middle East. dah in Saudi Arabia, and manufactures valves,
and Atlantis, and is one of only three approved ELIPS will ensure high quality of insulation cast iron and ductile iron fittings, GRP and
suppliers to Dubai Municipality. It is aiming for and casing of pipes, enhancing efficiency and HDPE pipes and pre-insulated pipes and fit-
ISO 14000 in environment management. maintenance costs of district cooling services. tings. PE100, considered the most heavy-duty
It will also ensure price control by improving among polyethylene pipes, is ideal for water
DUBAI PIPE FACTORY supply chain and eliminating artificial price and gas mains due to its maximum working
Established in 2001, the Dubai Pipe Factory fluctuations created by various players due to pressure. It has enhanced toughness, higher
Company LLC (DPF) is located on a 150 000 the demand-supply gap, added Bin Shafar. permissible design strength and improved
m² facility in the Jebel Ali Industrial Area, of Logstor has been serving the Gulf region resistance to crack propagation. High-density
which 5 000 m² comprise manufacturing and since 1992, and is now marking its commit- polyethylene pipes (HDPE) offer the water
testing facilities, in addition to storage areas ment to serve the region by establishing an engineer substantial benefits in performance.
for glass and resin and other consumables. It anchored presence with the ELIPS factory. De- PE100 pipes are used in various applications,
employs the continuous filament winding proc- pending on dimensions and output from 100 to including sewage pumping mains, fire mains
ess to manufacture a range of GRP pipes, tanks, 300 pipe joints a day, the factory will offer job and chilled water. Pipes are manufactured in
manholes, fittings and accessories. opportunities for a wide range of competences, diameters from 25 mm to 3 000 mm.
NAPCO Achieves
UL Certification
NAPCO, manufacturer of speciality adhesives, coatings and sealants, has announced
that it has achieved Certification by Underwriter Laboratories, Inc., (USA).
To have been awarded this prestigious certification is a the region’s leading manufacturer of HVAC adhesives,
landmark accomplishment for NAPCO. This is further coatings and sealants for over 15 years, with projects
rewarding by virtue of NAPCO being the first and only that span across the Middle East, Africa and Asia.
company in the region to have its complete range of
HVAC adhesives, coatings and sealants UL certified. In today’s world of increasing demand for quality and
safe products, NAPCO is working with its clients and
A UK-based company with a manufacturing unit in internationally reputed laboratories to not only to meet
the United Arab Emirates, NAPCO Middle East Ltd. is standards but to set them.
NAPCO Middle East Ltd. P.O. Box 23021 Sharjah, United Arab Emirates
Tel. +971 (0) 6 543 6322, Fax. +971 (0) 6 543 7647, Email:napco@eim.ae CERTIFICATE NUMBER 1364
BUSINESS LEADS
PROJECTS IN QATAR
MEP Middle East and Ventures Middle East have teamed up to provide you with essential project information.
Salam 4 comprises four office towers in the marina district of Lusail City.
Situated on four pieces of adjacent lands and yet connected internally, the
towers will enjoy views of the Doha Golf Club and the Lusail beaches.
Due to this prestigious location, the project is expected to attract many
international companies. It will comprise fully-equipped ‘smart’ com-
mercial offices with the latest commercial technology, facilities, conve-
niences and retail shops to create an optimal business environment. Salam 4 in Lusail City
Project Title Client Consultant Main Contractor MEP Value Project Type of
Contractor (US$. Mn) Status Project
Model School at Najma - School Public Works Authority In House Inshaa Contracting Not Appointed 11 project under Educational
No: 23 Company construction Facilities
Al Emadi Twin Towers Mr. Mohammed Esmail Al Emadi Arab Consulting Not Appointed Not Appointed 101 - 250 project under design Commercial
Engineers Buildings
Residential Building in Fox Hills Buzwair Real Estate/QDREIC Faim Design Not Appointed Not Appointed 2.5 - 15 project under design Residential
Buildings
Apartment Building at Al Sadd Mr. Nasser Abdul Aziz Nasser Consulting Engineering Not Appointed Not Appointed 16 - 30 award awaited for the Residential
Al Nasser Group main contract Buildings
Labour Accommodation at Public Works Authority Al Aqsa Consulting & Ramco Engineering Not Appointed 5 project under Residential
Wakrah - Phase 2 Engineers construction Buildings
Office/Residential Building Mr. Abdul Jaleel Abdul Ghani Consulting Engineering Not appointed Not Appointed 41 award awaited for the Mixed Use
at Najma Nasser Group main contract
Hotel & Office Buildings at Al Mr. Abdul Rahman Al Mufta South West Architecture Al Mufta Contracting Not Appointed 16 - 30 project under Mixed Use
Rayyan Road construction
Al Dar Hotel Mr. Mohammed Al Majed Al Jazeera Engineering Not Appointed Not Appointed 16 - 30 project under design Hotel
/ EGEC
The Regent Doha Ghanem Al Thani Holding KEO International Not Appointed Not Appointed 101 - 250 award awaited for the Hotel
main contract
Corporate Building for Energy Energy City Qatar ABS Not Appointed Not Appointed 101 - 250 award awaited for the Commercial
City Qatar main contract Buildings
4 Office Towers in Marina Salam International/QDREIC M.Z. & Partners Not Appointed Not Appointed 275 project under design Commercial
District of Lusail Buildings
Shopping Mall in Abu Nakhla Al Meera Consumer Goods Consulting Engineering Noors Engineering Not Appointed 12 project under Shopping Centre
area Company Group Company construction
Entertainment District - ADIH/Majid Al Futtaim/QDREIC RTKL/Forrec Not Appointed Not Appointed 1,500 project under design Mixed Use
Precinct A & B
Community College in Dukhan Qatar Petroleum Technital Qatar Not Appointed Not Appointed 16 - 30 project under design Educational
Facilities
FEBUARY 2010
THE LONDON METAL EXCHANGE LIMITED AVERAGE OFFICIAL AND SETTLEMENT PRICES US$/TONNE
Primary Aluminium Copper Lead Nickel NASAAC
$6825
Aluminium Alloy
(dollars) (dollars) (dollars) (dollars) (dollars) (dollars)
Cash Buyer 2,048.23 1,885.03 6,847.20 2,121.23 18,964.75 1,978.98
Cash Seller & Settlement 2,048.93 1,892.93 6,848.18 2,123.68 18,976.00 1,988.50
Copper 3-months seller
Cash Mean 2,048.58 1,888.98 6,847.69 2,122.45 18,970.38 1,983.74
3-months Buyer 2,079.10 1,913.00 6,870.30 2,139.93 19,034.00 2,008.25
3-months Seller 2,079.95 1,923.25 6,872.45 2,142.20 19,052.00 2,018.75
3-months Mean 2,079.53 1,918.13 6,871.38 2,141.06 19,043.00 2,013.50
15-months Buyer 2,172.20 2,019.75 6,876.50 2,140.45 18,983.00 2,112.25 LME AVERAGE SETTLEMENT
15-months Seller 2,177.20 2,029.75 6,886.50 2,145.45 19,083.00 2,122.25 PRICES IN EURO
15-months Mean 2,174.70 2,024.75 6,881.50 2,142.95 19,033.00 2,117.25 Metal Euro
27-months Buyer 2,246.80 2,102.25 6,810.25 2,107.45 18,701.00 2,185.25 Settlement
27-months Seller 2,251.80 2,112.25 6,820.25 2,112.45 18,801.00 2,195.25 Conversion Rate
27-months Mean 2,249.30 2,107.25 6,815.25 2,109.95 18,751.00 2,190.25
Primary Aluminium 1,497.12
Aluminium Alloy 1,383.15
THE FOLLOWING STERLING EQUIVALENTS HAVE BEEN CALCULATED, ON THE BASIS OF DAILY CONVERSIONS:
Settlement Conversion Copper 5,004.76
Copper Cash Seller & Settlement: £4,385.77 Exchange Rates Lead 1,552.13
Copper 3-months Seller: £4,539.08 Stg/$ 1.5621
Nickel 13,871.06
Lead Cash Seller & Settlement: £1,360.13 $/JY 90.23
Lead 3-months Seller: £1,372.84 Euro 1.3687 Nasaac 1,452.98
JANUARY 2010
THE LONDON METAL EXCHANGE LIMITED AVERAGE OFFICIAL AND SETTLEMENT PRICES US$/TONNE
Primary Aluminium Copper Lead Nickel NASAAC
$7165
Aluminium Alloy
(dollars) (dollars) (dollars) (dollars) (dollars) (dollars)
Cash Buyer 2,234.53 1,955.98 7,384.98 2,367.03 18,430.00 2,063.20
Cash Seller & Settlement 2,235.15 1,965.35 7,386.25 2,368.38 18,439.25 2,072.20
Copper 3-months seller
Cash Mean 2,234.84 1,960.66 7,385.61 2,367.70 18,434.63 2,067.70
3-months Buyer 2,265.95 1,985.25 7,409.68 2,390.28 18,477.50 2,095.00
3-months Seller 2,266.65 1,996.25 7,412.03 2,393.25 18,500.00 2,106.80
3-months Mean 2,266.30 1,990.75 7,410.85 2,391.76 18,488.75 2,100.90
15-months Buyer 2,359.95 2,095.75 7,403.25 2,398.75 18,524.75 2,202.50 LME AVERAGE SETTLEMENT
15-months Seller 2,364.95 2,105.75 7,413.25 2,403.75 18,624.75 2,212.50 PRICES IN EURO
15-months Mean 2,362.45 2,100.75 7,408.25 2,401.25 18,574.75 2,207.50 Metal Euro
27-months Buyer 2,428.75 2,178.25 7,342.00 2,385.05 18,429.50 2,273.75 Settlement
27-months Seller 2,433.75 2,188.25 7,352.00 2,390.05 18,529.50 2,283.75 Conversion Rate
27-months Mean 2,431.25 2,183.25 7,347.00 2,387.55 18,479.50 2,278.75
Primary Aluminium 1,565.37
Aluminium Alloy 1376.79
THE FOLLOWING STERLING EQUIVALENTS HAVE BEEN CALCULATED, ON THE BASIS OF DAILY CONVERSIONS:
Settlement Conversion Copper 5,173.20
Copper Cash Seller & Settlement: £4,569.57 Exchange Rates Lead 1657.98
Copper 3-months Seller: £4,588.35 Stg/$ 1.6165
Nickel 12,918.19
Lead Cash Seller & Settlement: £1,465.36 $/JY 91.30
Lead 3-months Seller: £1,481.67 Euro 1.4277 Nasaac 1,451.42
Neither the LME nor any of its directors, officers or employees shall, except in the case of fraud or wilful neglect, be under any liability whatsoever either in contract or in tort in respect of any act or omission (including negligence) in
relation to the preparation or publication of the data contained in the report.
BOILER SAFETY
FEATURE
Sussman Electric boilers cater for
a range of applications, including
industrial steam and hot boilers,
HVAC, direct steam heating, hot water
for process and comfort heating,
humidification and air-water-oil
preheating and booster heating
applications. Its latest SSB stainless
steel model introduces a safety low
water cut-off level control.
Sussman’s boiler safety feature
showcases an electric steam boiler
with a float type that automatically
maintains proper water level for safe
operation and shuts off the boiler when
the water supply falls below a safe
level. An auxiliary low-water cut-off is
PRE-WIRED OFFICE FURNITURE supplied in addition to primary control
Cable-management specialist Marshall-Tufflex together with optional MCBs and RCD protection. as standard.
has launched a new range of pre-wired office The desk units comply with BS 6396 for Other features include a water-
furniture desk units as part of its underfloor to Electrical Systems in Office Furniture and with level sight glass, main on-off switch,
desk solutions range. BS 1363-2, where applicable. Colour-coding steam stop-valve and long-life heating
The units provide a neat, safe and stylish indicates red for 3.15A and yellow for 5A. elements, as well as industrial-
method of delivering power to desktop devices The desk units are also compatible with a grade, heavy-duty 0.42 inch diameter
such as computers and printers, replacing messy range of prefabricated wiring systems using stainless steel sheath heating elements
and potentially dangerous trailing power cables. standard 16A connectors and compact 32A with one-piece resistance-welded
Power can be delivered directly from Marshall- connectors. Units are supplied as standard in terminations for added life and
Tufflex’s MT32 plug-and-play 32A power black ABS and aluminium. However, aluminium security.
distribution system or via its Series 507 or any units required with a silver-grey anodised finish www.sussmanboilers.com
other powertrack system. are also available by contacting Marshall-
The system is fully segregated with Clean Tufflex’s technical team.
Earth (CE) and standard versions available, www.marshall-tufflex.com
www.swegon.com
PRODUCTS
GREEN
PARAGON
Swegon business development director Carl
Tobisson talks about going green.
To what extent does the green per- ways. People will be more discern-
formance of a building influence the ing. Before, everybody could build
purchase decision? and sell. But now the market should
The launch of Sheikh Mohammed’s be more stable, as opposed to people
green building initiative at the end simply looking to build fast and sell.
of 2007 was the first step towards That’s why Sheikh Mohammed’s
changing the criteria so that people green proclamation was a big step.
pay more attention to energy-effi- Someone has to take the lead, or Swegon business development director Carl Tobisson
cient and green building solutions. practical steps will never be taken.
Such solutions are on their way to be- How important is indoor air quality? We are very much trying to meet
ing at the forefront of people’s minds. What health benefits are to be gained That is a good question. I think that, the needs of the builders.
There is a slow move away from from using Swegon in hotels? to a certain extent, say up until two
building fast, cheap and then selling. The first thing that comes to my mind years’ ago, the hotel industry has What is Paragon?
would be the silent cooling. When focused on the façade and exter- This is a new induction cooling unit
How should developers take an inter- most people stay in hotel rooms, they nal aesthetics, with cost-cutting for the hotel industry unveiled by
est in the lifespan of a building? can hear the fan coil unit (FCU) op- on things inside that people can- Swegon at The Big 5 last year. The
There must be some kind of educa- erating. And also there is the draught not really see. But now in the UAE product has just been launched in
tion. There are two types of inves- element that can keep people awake. and the region as a whole, people the UAE market. Swegon has al-
tors, namely owners and speculators. Those are two key areas that need to are looking at reducing the total ready secured a 300-room contract
Owners are going to pay the bills for be addressed. The other one would amount of energy consumed by for an airport hotel in Oslo. Unlike
energy, water and so on. The prob- be the risk of bacterial growth. their buildings. A total of 40% of a traditional FCU, Paragon has no
lem is with speculative buyers. When Our system operates above the energy is consumed by buildings. need for filters or drainage, so there
somebody else is paying the bills, it is dew point, whereas other systems This is because people acknow- is no risk of bacterial growth.
not so easy. We must remember that, operate below the dew point. This ledge that the well-being of people Another advantage is that Para-
if you have a LEED-certified build- means you need to have a tray under is of the utmost importance. gon is available as a standard mod-
ing, you can get more money out of the FCU, and you need to lead the ular unit, with all the necessary
it, which remains an advantage, even water away. As it is a wet system and What challenges are you facing? actuators and valves premounted.
for speculative investors. there is dust present in the room, you First of all, the economy needs to start This results in a significant overall
need to clean this unit carefully. Bac- picking up again. The biggest hurdle saving in installation costs. The
How have you encouraged clients to terial growth is one area where there would be that lots and lots of consul- small size of the unit, which is only
pay the premium for green building? is a definite higher risk. tants and property owners in this re- 180 mm high, means that the false
We are showing our customers that What our system does is, first of gion like to use traditional systems. ceiling space can be reduced dra-
you have to look at the long-term all, with the Gold handling unit, it has So in order to get your products into matically as well.
costs. You have the investment cost, filters that obviously filter and dehu- these new buildings, you have to be Paragon has other unique fea-
the running cost and the mainte- midify the air. So the system supplies patient. You need to be able to show tures: air distribution is parallel
nance cost. The running and main- primary air that is filtered. This is people the system already installed with the ceiling, which means it
tenance costs stay with the building not a problem if you require a normal in existing buildings. Above all, you can be placed at the rear of a room;
its entire lifespan. What we are try- supply of air. Also, you need to have have to be persistent. adjustable supply air grilles direct
ing to indicate is that you have to the right amount of air exchanged. the air vertically; an anti-draught
look at the pointers – not only at in- In addition, you have emissions Can you retrofit your products? function controls horizontal dif-
vestment, but the life-cycle cost. from carpets and walls, for example, We have not looked very much at fusion or air direction; and the
and this is dealt with by the extract that, but obviously this is an oppor- enclosed unit means that the recir-
Has the construction industry lost the air and ventilation. We would never tunity as well. The Paragon pro- culated air never comes into con-
will to go green in the face of the eco- recommend switching a system off duct is very new, and is part of our tact with the space above the false
nomic climate? completely and not having exchange aim to target not only new develop- ceiling, further enhancing indoor
The recession could help in some of air in the room. ments, but existing ones as well. air quality.