Our partners at a glance

Ferrostaal AG:

Ferrostaal AG is a global provider of industrial services in plant construction and engineering. As a general contractor in plant construction, the company offers project development, project management and financial planning for turnkey installations, including petrochemical plants, gas and solar power stations, oil and gas installations, biofuels and industrial plants. Ferrostaal operates as an independent sales and service partner in the automotive, printing and packaging machinery, piping and marine construction sectors, employing around 4,400 people in 60 different countries. In 2008, its annual turnover amounted to 1.6 billion euros. 70% of the shares in Ferrostaal AG are held by the International Petroleum Investment Company from Abu Dhabi (IPIC), while 30% are owned by MAN AG (Munich, Germany).

Solar Power Group formed a Marketing and Development Consortium Agreement with Ferrostaal in 2005. In 2007, MAN Ferrostaal AG purchased a share of 25 % in SPG. The share has been later increased to 43 % in 2009.

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