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Compact News for Our Shareholders, Partners and Friends 02/2014

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Compact News for Our Shareholders, Partners and Friends 02/2014 compact News for our shareholders, partners and friends 02/2014 Dear readers, ANNUAL GENERAL MEETING We are pleased to offer you new and interesting insights A look behind the scenes into different areas of our Group in yet another edition of BAUERcompact. We will be taking you behind the scenes of the Annual General Meeting. In May, our in-house exhibition once more attracted numerous guests to Schrobenhausen. Further- more, you can read reports on two major projects: the foun- dations works for the tallest building of the world and for the tallest building on Europe, namely – the Kingdom Tow- er in Jeddah and the Lakhta Tower in St. Petersburg. Management Board answers shareholder questions at the Annual General Meeting. We hope you will enjoy read- Schrobenhausen – It’s a date The legal organization of the know who the shareholders are ing this issue! that is probably circled in red in Annual General Meeting also because Bauer stock is trad- every shareholder’s calendar: begins with the feedback meet- ed in so-called bearer shares. Your BAUERcompact-Team the Annual General Meeting. ing. In December, the agenda As a result, the invitations are All the more reason to make items are already being re- sent out by the custodian banks, certain that this event is suc- solved with the Supervisory which know who is holding cessful and represents the com- Board. Then, at the beginning Bauer stock. Topics covered in this pany well. The stringent legal of the year, the Board of Man- issue: requirements that must be met agement and the Supervisory Shareholders frequently address in calling, organizing and con- Board decide on the distribu- the meeting with questions or Bauer Maschinen ducting the meeting, and ensur- tion of dividends. comments, some of which are Successful in-house exhi- ing that follow-up activities are quite complicated. The “back bition 2014 handled correctly, are a special Beginning in January, contracts offi ce” is responsible for ensur- Page 2 challenge for exchange-trad- are awarded to the various ser- ing that these questions are an- ed companies such as Bauer. vice providers who will be re- swered quickly and competent- Specialist foundation This year 450 shareholders sponsible for event technology, ly. The back offi ce consists of a engineering worldwide and guests attended the Annual catering or security. With minor team of experts from Account- Reaching high with Bauer General Meeting held on June exceptions, always the same ing, and managing directors foundations 26 in the “Alte Schweißerei,” contractors are used. The ad- from the major subsidiaries. A Page 3 the old welding shop. vantage is that planning can be large support team must be on completed within a short time hand to host 400 to 600 guests Engineering contract Even as this year’s meeting is span. Stenographers also need simultaneously. Development of deep drill- underway, preparations are be- to be hired. Discussions are ing rigs with Saxon ing made for next year’s meet- also held in January with the By the persons responsible to Page 4 ing. An experienced team of or- primary service provider, who the event hosting the Annual ganizers has the process down handles the registration process General Meeting at Bauer’s Projects to a routine. Items that require and the recording of attendees headquarters is seen as an im- Large-scale order for dam special attention and sugges- present on the day of the meet- mense advantage. Holding project on Mauritius tions for improvements are not- ing. the meeting at company head- Page 4 ed on the day of the event, and quarters refl ects the corporate then discussed later in a feed- The meeting is formally an- culture: Bauer stands for au- back round. nounced and invitations go out thenticity and regional commit- in May. The company does not ment. BAUERcompact Page 2 02/2014 IN-HOUSE EXHIBITION 2014 Success despite the weather At the in-house exhibition the BAUER Maschinen Group presented its innovations to the guests from all over the world. Schrobenhausen, Germany – The Bauer Maschinen exhib- acceptance and the market’s vations in their respective spe- On the afternoon of 13 May, ited its 100th MC duty-cycle high interest in the three exhib- cialist areas. this year’s in-house exhibition crane: an MC 96 – in combi- ited anchor drilling rigs. Prakla was closed with a chorus of nation with a massive Leffer displayed its tested and proven The visitors were informed horns from all rigs. For four casing oscillator VRM 3000. well drilling rig RB 50 FM as about other offers and services days, more than 1,700 guests The two piling rigs exhibited well as an AGBO G 300 well in the “Alte Schweisserei” – from over 70 countries visit- by RTG (RG 21 T and RM 20) drilling rig. the old welding shop. Mari- ed Schrobenhausen in order to were equipped with innovative time technology, deep drilling learn about the innovations and new features. The employees of MAT, ABS, for oil and gas, parts and com- equipment manufactured by Hausherr, Eurodrill, Pileco and ponents from anchor technol- the BAUER Maschinen GmbH The large number of visitors Fambo were also sought after ogy are just a few examples. and its subsidiaries. around the Klemm Bohrtech- as consulting partners owing Special attraction were the live nik equipment confi rmed the to numerous interesting inno- demonstrations on the factory The machines were exhibited premises in Aresing. Proven in the head offi ce courtyard: machine technology, new de- the PremiumLine series of velopments and innovative large diameter rotary drilling systems were seen in action. rigs was represented with three rigs. A BG 46, serving as a Although the weather was carrier for a trench cutter BC rather chilly and wet during 35, equipped with two huge the four days, the atmosphere hose drums, made a powerful on the exhibition grounds was impression. A new BG 11 H very relaxed. Once again, the stood next to the bestseller BG highlight was the Bavarian 26, presenting the ValueLine. evening, always highly en- With its compact dimensions joyed by the foreign guests. and low weight, it is easy to Bauer Maschinen Managing transport and is thus particu- Director Dieter Stetter and larly interesting for the oil and Bauer Maschinen Managing Director Dieter Stetter welcomes the Sales Director Christian Gress gas industry. guests during the opening ceremony. fi nally drew a positive balance. 02/2014 Page 3 BAUERcompact MAJOR PROJECTS Reaching high with Bauer foundations The longest kelly in the world in Saudi-Arabia: 110 meter long piles can be installed with it. Jeddah, Saudi Arabia / St. Pe- est building in the world, with rigs and one BG 28 were used cessfully fi nished its founda- tersburg, Russia – By the end a height of 1,001 meters. As in the process. tions, with a total of 843 piles. of 2013, BAUER Spezial- part of the foundation work for Rotary drilling rigs BG 15 and tiefbau GmbH completed the this mammoth building, Bauer The work on the foundations BG 28, as well as three rigs foundation work for impres- installed a total of 270 piles, was successfully fi nished by of the same size as the BG 40 sive skyscrapers, the future 72 of which were 110 meters the end of the year of 2013. were used. Furthermore, Bauer tallest buildings in the world long. Further, piles between 50 At about the same time, Bauer also won the contract for the and Europe. The tallest in the and 88 meters were drilled. For received a follow-up order: a foundations work for the Lakh- world – the Kingdom tower the unusually long piles, two multifunction building is be- ta Tower car park BLOCK 1 in Jeddah, Saudi Arabia, and Bauer BG 40 drilling rigs spe- ing built adjacent to the Lakhta with 220 piles. the Lakhta Tower in St. Pe- cially modifi ed for long kellys Tower. Bauer has already suc- tersburg, Russia, the tallest in were used. Two BG 28 drilling Europe. rigs were also used on the con- struction site. The pursuit of the record for the highest building in the In a few years’ time, the tall- world began in the 1930s in est building in Europe will be the United States; the word in St. Petersburg in Russia. “Wolkenkratzer” – skyscrap- Global energy company Gaz- er – came to use in Germany prom is having Lakhta Tower for high-rise buildings in New built as its imposing headquar- York and Chicago. ters. OOO BAUER Technol- ogie, Moscow, a subsidiary Current tallest building in the of the BAUER Spezialtiefbau world – Burj Dubai, renamed GmbH, constructed the foun- as Burj Khalifa on its inaugu- dations for this 462 meter-high The two tallest buildings in the world in comparison; next to the ration in 2010 – was built in tower in 2013. tallest building in Europe. All of them are founded on Bauer piles. Dubai on Bauer foundations; construction work started in The planning of the founda- 2005. In a few years, Dubai tions proved to be extremely will have to surrender its title complicated due to the diffi - as the record-holder to Saudi cult soil conditions directly Arabia, to the Kingdom Tower on the coast. Bauer employees in Jeddah. In the north of Jed- responsible for this project re- dah, on an area of fi ve square mained sedulous despite all kilometers, a new urban dis- changes to the plans, and even- trict will be constructed – the tually received a premium for Kingdom City. The area is this challenging project. The bigger than 700 football fi elds tower will be standing on 260 together.
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