Company Profile. Sterling Industries PLC Sterling House Brunel Road Aylesbury Buckinghamshire HP19 8SS United Kingdom

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1 Sterling Industries PLC Sterling House Brunel Road Aylesbury Buckinghamshire HP19 8SS United Kingdom Tel: +44 (0) Fax: +44 (0)

2 Caledonia Investments Caledonia is the parent company of Sterling Industries PLC and is one of the UK s largest investment trusts...to invest significant stakes for the long term and to involve ourselves with the management of investee companies. We aim to be a long term supportive shareholder with investments in a number of businesses that we believe will deliver shareholder value over the medium or longer term. Caledonia is quoted on the London Stock Exchange and has paid an increased dividend every year for the past 45 years. It has a diverse portfolio of investments, including Merchant Banking, hotels, oil and gas, helicopter services, textiles, soft drinks and engineering. Net Assets were 1.36bn on 31st March 2013 The Cayzer family has a 48% shareholding Website: Page 2

3 Sterling Industries PLC is a holding company for a group of operating companies arranged in four divisions. It has three full time employees. Sterling Industries PLC is a specialist engineering group holding key positions in specific markets through leading-edge technology and experience. Sales : 75 million Employees: 450 Markets: Global Website: Page 3

4 Group Structure London, UK Sterling Industries STERLING PLC INDUSTRIES White background PLC Yeovil, Aylesbury, UK UK HEAT EXCHANGE COMBUSTION TECHNOLOGY REFRACTORY BUILDING SERVICES Sterling Thermal Technology Bloom Engineering Skid Pipe Insulation SI Pumps Britannia Heatex Hotwork Combustion Technology Process Combustion Corporation Thame Energy Systems Argo Flare Services Page 4

5 Heat Exchange Division The heat exchange division consists of Sterling Thermal Technology, Heat Exchange Industries, Britannia Heatex and Thame Energy Systems; all leading suppliers of heat transfer equipment. Page 5

6 Sterling Thermal Technology Limited Aylesbury, UK (Headquarters) Water Orton, UK Turnover: 18m No. of Employees: 155 Website: Sterling Thermal Technology is a leading designer and manufacturer of heat exchangers to the power generation and process industries. The company supplies end users, global OEMs and the refurbishment/upgrade markets. A range of heat exchangers is available including conventional shell and tube, air blast coolers and steam air heaters. In addition, specialised exchangers can be provided utilising a unique plate fin or Elfin extended surface developed to give compact units with high heat transfer rates whilst achieving low pressure drops. Heat pipe technology can enhance heat transfer in applications with close pinch points. All products are provided in a range of materials to suit all applications. The company includes the former businesses of Britannia Heatex, Thermo Engineers, Heat Exchanger Industries and Thame Energy Systems. Page 6

7 Combustion Technology Division The Combustion Technology Division consists of four companies providing a range of combustion products and projects for the process and metallurgical industries Page 7

8 Bloom Engineering Corporation Pittsburgh, USA (Headquarters) Shanghai, PRC Düsseldorf, Germany Paris, France Sao Paulo, Brazil Pune, India Turnover: US$40m No. of Employees: 140 Website: Bloom is a world leader in the design and manufacture of custom engineered burners and associated combustion systems. The company is the market leader in the steel, aluminium and forging industries. The global family of companies specialise in problem solving through custom engineering to provide a solution ideally matched to the customers needs. Bloom's extensive experience, gained over more than 75 years, provides industry leading ultra low emissions and superior fuel efficiency. Page 8

9 Hotwork Combustion Technology Ltd Dewsbury, UK (Headquarters) Turnover: 5m Employees: 40 Website: Hotwork specialises in the design, supply, installation and commissioning of high performance, energy efficient and environmentally compliant burners and combustion systems and in the provision of specialist combustion services. For over 40 years Hotwork has been a world-leading pioneer in the development and application of combustion technology for industrial processes which use furnaces, kilns, incinerators, ovens and process heaters. The strength of the company lies in its ability to understand customer process requirements together with an innovative approach to the design of products and systems to meet those requirements. Turnkey supply can be undertaken. The company is accredited to ISO 9001:2008 Page 9

10 Process Combustion Corporation Pittsburgh, USA (Headquarters) Beijing, PRC Turnover: US$30m No. of Employees: 30 Website: Process Combustion Corporation (PCC) designs and manufactures bespoke thermal oxidisers and industrial air pollution control systems. The Group serves the process industries - particularly oil, gas, petrochemical and chemicals companies. PCC is expert in the destruction of waste gas and liquid streams for pollution control, and the incorporation of combustion technology, gas clean up, and waste heat recovery to provide a low emission, thermally efficient system. Page 10

11 Argo Flare Services Ltd Marlow, UK (Headquarters) Turnover: 2m No. of Employees: 6 Website: Argo Flare Services provides new and refurbished flare equipment to both the on-shore and off-shore oil and gas industries world-wide. We are expert in the inspection and improvement of existing operating flare systems. The company has particular strength, experience and expertise supporting the flare supply, maintenance and design requirements of the UK North Sea oil operators and contractors. Page 11

12 Refractory Division The Refractory Division produces specialised insulation products for the steel industry Page 12

13 Skid Pipe Insulation Pittsburgh, USA Turnover: $5m No. of employees: 12 Website: Skid Pipe Insulation designs and manufactures specialist refractory shapes and lined fabrications for the steel and allied industries. The products are typically pressed and hence provide superior performance over cast materials. The main products are shapes for insulating reheat furnace skid pipes and coke oven batteries. These have superior thermal insulating properties and a robust construction capable of withstanding the rigours of the extreme environment. Page 13

14 Building Services Division A nationwide group of companies providing first class technical services to commercial and industrial buildings. Page 14

15 Building Services Division Oxford, UK (Headquarters) Turnover: 4m No. of Employees: 30 Website: The Building Services Division provides a complete range of design, sales, service, maintenance and refurbishment of pumping and heating systems in commercial and industrial buildings. Acting as a distributor for most equipment suppliers the companies are able to supply, service or maintain any make of pump or water heater/boiler and associated systems. Page 15