|
The portraits of the portfolio holdings are updated semi-annually. SPG holdings as per December 31th, 2008:
Listed Companies
ENERGY
Gamesa
www.gamesa.es
Gamesa’s core activities are the construction and sale of wind farms, as well as the engineering, design, manufacture, and sale of wind generators. The company is the second largest provider in the energy market. Gamesa operates primarily in Spain, USA, and China. The company’s main shareholder is Iberdrola SA.
Vestas Wind Systems
www.vestas.com
Vestas Wind Systems (Vestas) develops, manufactures, sells, and provides maintenance services for installations that use wind energy to generate electricity. The Group supplies products ranging from individual turbines to complete turnkey wind power systems. Vestas also gives guidance to customers in connection with the development of financing and ownership of wind turbine projects. It assists with wind project planning, installation, operation, and services for offshore wind turbines.
Noble
www.noblecorp.com
Noble provides diversified services for the oil and gas industry. The contract drilling services are performed with a fleet of 63 offshore drilling units located in markets worldwide. The fleet consists of 44 jack-up rigs, 13 semisubmersibles, three drill ships, and three submersibles. The operations are conducted in Europe, North and South America, and Africa.
Sunpower
www.sunpowercorp.com
SunPower is a vertically integrated manufacturer and service provider of solar photovoltaic technology, headquartered in San Jose, California. The company sells solar cells and modules based on traditional crystalline silicon technology and leverages proprietary manufacturing processes that have enabled it to achieve industry-leading conversion efficiencies. It currently has around a 5% global market share.
Canadian Hydro Developers
www.canhydro.com
Canadian Hydro Developers is a developer, owner, and operator of 20 electricity-generating facilities totaling 364 MW net through its interests located in Canada, with 12 hydroelectric plants, seven wind plants, and one biomass plant.
Schmack Biogas
www.schmack-biogas.com
Schmack Biogas (Schmack) is one of the leading players in the biogas market worldwide. It offers customers, ranging from farmers to large utilities like RWE and E.ON, turnkey biogas systems and a wide range of after-sale support services. Up to now the company has sold over 150 biogas systems and has a track record of more than 10 years. In recent years Schmack has also made a number of acquisitions in equipment manufacturers and has started operating its own biogas plants, with the aim of becoming a vertically integrated player in the biogas segment.
Centrotherm
www.centrotherm-pv.de
Centrotherm is one of the leading photovoltaic (PV) equipment suppliers for solar cell plants and solar cell turnkey solution providers. It is the sole provider of Centrotherm's diffusion furnaces, antireflection coating machines, and fast firing sintering equipment. The company has recently expanded its expertise to the solar silicon segment and CIS thin film. The company is headquartered in Blaubeuren, Germany.
XTO Energy
www.xtoenergy.com
XTO Energy’s (XTO) principal activities are the acquisition, development, exploitation, and exploration of producing oil and gas properties. Approximately 80% of production comes from the company’s onshore US natural gas reserves. The Group operates solely in the US domestic market.
Energy Conversion Devices
www.ovonic.com
Energy Conversion Devices commercializes materials, products, and production processes for the alternative energy generation, energy storage, and information technology markets. Energy Conversion Devices’ principal commercial product is its thin-film solar photovoltaic (PV) module based on a lightweight, thin, flexible substrate, ideally suited for building integrated (BIPV) applications, primarily in rooftops.
SMA Solar
www.sma.de
SMA Solar (SMA) is the world’s largest manufacturer of solar inverters. In the field of distributed and renewable energy supply technology, SMA has been setting new standards in the industry for more than 25 years, and has contributed significantly to the development of solar technology. The group is represented with its own branches in nine countries across four continents.
Yingli Green Energy
www.yinglisolar.com
Yingli Green Energy (Yingli) is the largest vertically integrated photovoltaic (PV) product manufacturer in China. The company sells its products in various markets such as Spain, Germany, Italy, China, and USA. It sells solar modules to major European installers and systems integrators.
Wacker Chemie
www.wacker.com
Wacker Chemie (Wacker) is a German company headquartered in Munich. Nearly 80% of its sales are related to silicon. The company is divided into five divisions (silicones, siltronic, polysilicon, fine chemicals, and polymers). Wacker is an important player in each of these segments and enjoys a good reputation.
WATER
Toro
www.toro.com
The US company Toro specializes in the irrigation, care, and maintenance of land such as parks and gardens. The company, which has a long history and a proud tradition, is extremely well established in this fragmented market through a broad range of brand names and achieves annual sales in the region of USD 2 billion. 70% of its customers are professional specialists.
KSB
www.ksb.de
The German company KSB offers innovative pump and valve technology for all manner of applications, ranging from building services to industry, and water, energy, and mining. The company is the world's fifth largest supplier of pumps to the water industry and the largest supplier of pumps to electric utilities. KSB has production facilities all over the world and sales representatives in more than 100 countries.
Geberit
www.geberit.com
Headquartered in Jona, Switzerland, Geberit provides sanitary technology solutions for new and renovated buildings. It has six product lines split across its two product areas of Sanitary Systems (Installation and Flushing Systems, Waste Fittings, and Traps) and Piping Installations (Building Drainage Systems, Supply Systems). The company has 17 production sites in eight different countries and sales offices in around 40 countries.
Ecolab
www.ecolab.com
Ecolab develops and markets products and services in the field of commercial cleaning, sanitation, and pest control. Its client base includes hotels, restaurants, hospitals, schools, and industry. Around half the sales are achieved in the USA, one third in Europe. The company strengthened its international business during 2007 through the acquisition of pest control companies in Hong Kong and Australia, a hospital hygiene company in the USA and a milk product hygiene company in Ireland.
Veolia Environnement
www.veolianevironnement.com
Veolia Environnement (Veolia) is the world's largest environmental services company. It offers products and services relating to water, waste disposal, energy optimization, and public transport. The Water division, which is concerned with water supply and wastewater disposal, accounts for the largest share of turnover (34%). Under a joint venture signed in 2008, Veolia has taken over the municipal transport systems of six Chinese cities for a period of 30 years.
Stantec
www.stantec.com
Stantec provides professional services and technologies for infrastructure and facilities projects covering the areas of planning, engineering, interior design, landscape architecture, surveying, geomatics, and project management. Stantec is a world-famous, leading supplier and innovation specialist in the field of sustainable solutions. Stantec pursues an acquisition-led growth strategy. Thanks to favorable valuations it was able to acquire some seven companies in 2008.
Kurita Water Industries
www.kurita.co.jp
Kurita Water Industries (Kurita) is one of Japan's leading producers of water treatment systems. With around 4500 employees, Kurita manufactures, sells, and maintains water treatment systems, mainly in Japan (88%) but with an increasingly international dimension. Its product range includes systems for purifying, clarifying, and treating water. The company also produces and markets chemicals for water purification.
Wavin
www.wavin.com
Headquartered in the Netherlands, Wavin is one of Europe's leading manufacturers of plastic pipes and fittings. Wavin’s products are used for domestic water supply and wastewater infrastructure, in building installations and in cable and gas pipe ducts. The takeover of the Turkish company Pilsa Plastic announced at the end of 2007 allows Wavin to further extend its market leadership and geographical presence in emerging markets.
Tsurumi Manufacturing
www.tsurumipump.com
Based in Japan, Tsurumi Manufacturing (Tsurumi) manufactures watertight submersible pumps for sewage treatment works, building site drainage, and other industrial applications. The product portfolio of the company, which was founded in 1924, also includes ventilation systems, mechanical separators, oil separators, submersible aerators, and agitators.
Pall
www.pall.com
Pall is one of the world's leading companies concerned with the removal of solid, liquid, or gaseous contamination from liquids and gases. The acquisition of US Filter in 2002 strengthened Pall's industrial filtration business in particular and created a widely diversified customer base, with 32% of sales generated in North America, 43% in Europe, and 25% in Asia.
Itron
www.itron.com
The US company Itron specializes in particular in high-tech products for data acquisition and data management using Advanced Meter Reading (AMR) and Advanced Metering Infrastructure (AMI). With its acquisition of the European company Actaris in April 2007 and sales of around USD 2 billion, Itron has established itself as the largest global player in technologies for metering water, electricity, and gas.
Andritz
www.andritz.com
Andritz supplies installations and services for the following industries and applications: Biomass, solid/liquid separation, paper and cellulose, hydroelectric plants, the steel industry, and animal feeds. Following the acquisition of VA Tech Hydro, Andritz is also a leading supplier to the hydroelectric power industry. Based in Graz, Austria, the company operates in 42 countries worldwide and employs around 13,000 people.
HEALTHY LIVING
Celestial Nutrifoods
www.celestialnutrifoods.com
Celestial Nutrifoods (Celestial) is a leading manufacturer of soya-based products in China. Celestial buys the non-GM soya beans for its products from local farmers' cooperatives and trading companies. The company manufactures products for the retail trade and for industry. The end-products are marketed under the name "SunMoonStar" and are very well-known in China.
Chaoda Modern Agriculture
www.chaoda.com
Chaoda Modern Agriculture (Chaoda) is the largest listed agricultural enterprise in China and is concerned with the production and distribution of organically grown vegetables and other agricultural products. Fruit, vegetables, and rice account for 87% of production. The produce is sold to domestic wholesalers and retailers (70%) and also exported (30%), mainly to Japan, Hong Kong, and Europe.
SunOpta
www.sunopta.com
The Canadian company SunOpta produces and processes natural and organic foods in North America. The company is a global leader in the procurement, trading, and processing of non-GM products such as soya, maize and sunflowers, and in the production of soya and oat-based foodstuffs.
Sonova
www.sonova.com
The Swiss company Sonova is a world market leader in the development, manufacture, and marketing of hearing aids and wireless hearing systems. The company sells its products under the brand names Phonak and Unitron. Around 48% of sales are achieved in North and South America, 43% in Europe, and 9% in the Asia-Pacific region. Products are manufactured in three factories in Switzerland, China, and Vietnam.
Thermo Fisher Scientific
www.thermofisher.com
Thermo Fisher Scientific is a leading player in the development, manufacture, and marketing of analysis instruments, laboratory equipment, and laboratory consumables. In addition, it markets software for research and development in the healthcare field, for quality analysis in industrial production, and for measurement and control tasks in environmental protection. The group has total sales of more than USD 10 billion, over 33,000 employees, and more than 350,000 customers. 61% of sales are achieved in the USA, 26% in Europe and the rest in Asia.
Puma
www.puma.com
The sports goods manufacturer Puma has a long-term vision of becoming the world's most desirable sports and lifestyle company. In 1993 it launched a long-term business development program. The goal of the current fourth development phase is to strengthen and further develop Puma as a leading multi-category sports lifestyle brand. Footwear accounts for around 60% of sales and apparel just over 30%.
Johnson & Johnson
www.jnj.com
Johnson & Johnson is one of the world's largest and most highly diversified groups in the healthcare sector. It produces and sells products in the segments of consumer goods, pharmaceuticals, and medical technology/diagnostics. The product range covers a wide variety of goods ranging from skin creams and nutritional supplements to surgical instruments. Johnson & Johnson is globally active, although its primary sales market is the USA.
Natura Cosmeticos
www.natura.com
Natura Cosmeticos (Natura) is Brazil's largest cosmetics company and develops, produces, and sells body care products and cosmetics in the upper price segment. In its home market of Brazil (which accounts for 95% of turnover) the company enjoys a market share of over 20%. Natura is also active in Argentina, Chile, Peru, Bolivia, and France.
Atrium Innovations
www.atrium-bio.com
Atrium Innovations (Atrium) is a leading company in the health and wellness sector. It develops high-end nutritional supplements which are marketed by health professionals such as doctors and physiotherapists. Through a carefully targeted acquisition strategy the company has been able to expand its activities from North America to Europe, thereby realizing multiple synergies.
Oriflame
www.oriflame.com
The Swedish company Oriflame markets and distributes personal care products in the middle price segment. Its direct sales network covers 59 countries worldwide and relies on over 2 million independent agents. Oriflame offers a wide range of skin-care and make-up products and perfumes.
Bare Escentuals
www.bareescentuals.com
The US company Bare Escentuals (Bare) develops and markets cosmetic products in the upper price bracket. The company uses a large number of distribution channels, such as direct sales via the Internet, boutiques, and home shopping channels. Bare is primarily active in the USA where it has a 10% share of the make-up market.
China Green
www.chinese-green.com
Founded in 1998, China Green is engaged in the production and supply of safe crop compliant vegetables and fruits, including fresh produce, processed products, pickled products, branded beverages, rice products, and instant noodles. The company has 33 cultivation bases in five Chinese provinces. China Green generated 47% of total sales in the domestic market and exported half of its products. The major export market is Japan.
Hain Celestial
www.hain-celestial.com
Hain Celestial is a leading natural and organic beverage, snack, specialty food, and personal care products company in North America and Europe. The business model is based on marketing organically grown or acquired food categories. The main geographical focus is the US, accounting for 75% of total sales.
RESOURCE EFFICIENCY
Centrotec Sustainable
www.centrotec.de
Centrotec Sustainable (Centrotec), headquartered in Brilon, Germany, enjoys a leading position in the area of energy-saving technology for buildings. Centrotec is a fully integrated systems supplier capable of covering the areas of thermal solar energy, photovoltaics, and ventilation systems with heat recovery, boiler technology, gas flue systems, biomass boilers, heat pumps, and cooling systems with and without solar energy.
Novozymes
www.novozymes.com
The Danish Novozymes is the world’s largest manufacturer of enzymes for industrial use, with a market share of 46%. The enzymes business (93% of total sales) comprises technical (detergents, enzymes for starch and textile applications, and biofuels), food and feed enzymes. Additionally, the company manufactures microorganisms used in applications in wastewater treatment, cleaning, and biological plant care.
Umicore
www.umicore.de
Umicore is a materials technology group with activities in areas such as materials science, chemistry, and metallurgy. The company’s activities are centered on four business areas: Advanced Materials, Precious Metals Products and Catalysts, Precious Metals Services, and Zinc Specialties. The Umicore Group has industrial operations on all continents and serves a global customer base.
Gurit
www.gurit.com
The activities of Gurit are focused on the development and manufacturing of advanced composites and related materials and technologies. After the sale of the Winter Sports activities last year, the company operates under three business units, Wind, Transport & Civil Engineering, and Marine With production sites in Europe, plus large facilities in Canada and China, Gurit is very well positioned to serve its global customer base.
Shanks
www.shanks.co.uk
Shanks is a Pan-European waste management company, active in UK, Belgium, and the Netherlands. Shanks handles a large variety of wastes, including domestic refuse, commercial waste, contaminated spoils, and hazardous waste. The services offered range from collection to treatment and final disposal of waste.
STEICO
www.steico.de
STEICO focuses on the production of fiber products made from renewable resources. The company is the European market leader in its core business – manufacturing insulation boards made from wood fiber. STEICO also produces insulating materials from hemp and i-joist construction products. STEICO is therefore the first supplier of an integrated insulating and construction system made from renewable resources.
Wabtec
www.wabtec.com
The US company Wabtec is a leading supplier of technologically advanced products and services for locomotives, freight cars, and passenger transit vehicles, such as: brakes, couplings, doors, heating and air-conditioning systems, electronic train monitoring systems, wagons, and locomotives. Around half the company's sales relate to replacement parts and upgrades, which are less sensitive to the economic cycle than original equipment business. At least 40% of the company's products are sold outside the USA.
Catalytic Solutions
www.catalyticsolutions.com
Catalytic Solutions is a global manufacturer and distributor of emissions control systems and products, with a focus on the Heavy Duty Diesel (HDD), Energy Systems, and Light Duty Vehicle (LDV) markets. The company’s emissions control systems and products are designed to deliver high value to customers while benefiting the global environment through air quality improvement, sustainability, and energy efficiency.
Covanta
www.covantaholding.com
Covanta is an internationally recognized owner and operator of energy-from-waste and renewable energy projects. The company is a developer, owner, and operator of infrastructure for the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. The company owns and/or operates 57 energy generation facilities in the United States, Europe, and Asia.
SGL Carbon
www.sglgroup.com
SGL Carbon (SGL) is one of the world's leading manufacturers of carbon-based products. The company’s principal activity is to manufacture carbon, graphite and carbon fibers, and composite materials. SGL operates under three divisions: Performance Products, Graphite Materials & Systems, and Carbon Fibers & Composites. The group operates 38 production facilities throughout the world.
Unlisted Companies
PRIVATE EQUITY
AquaSpy
www.aquaspy.com
AquaSpy is active in the field of water management. Headquartered in Australia, the company offers an integrated product range for the continuous monitoring of weather conditions and soil moisture. This is of particular interest to large-scale, water-intensive agricultural businesses, operators of turfed areas such as golf courses, sports clubs and parks, as well as water supply authorities and utilities. With the help of various advanced telecommunication solutions, the company’s sensor-based products are able to provide the relevant decision makers with precise data at frequent intervals.
inge watertechnologies
www.inge.ag
inge watertechnologies (inge), founded in Germany 2000, develops, produces and markets innovative ultra filtration membranes for purifying drinking water and treating sewage for municipalities, and also for purifying industrial process water for the food, pharmaceutical and other industries. The membranes are supplied as modules to project developers and system integrators, who integrate them into their treatment plants. Membrane technology allows the efficient production of 100% pure drinking water that is free of bacteria, viruses and parasites.
Pelamis Wave Power
www.pelamiswave.com
Pelamis Wave Power (Pelamis) designs and manufactures “Pelamis” – the world’s leading wave energy converter (WEC). Pelamis uniquely addresses all the fundamental design concepts required to provide a commercially attractive product capable of generating reliable low-cost power. The Electrical Power Research Institute (EPRI) of the US described it as the best system currently available for deployment.
AgraQuest
www.agraquest.com
AgraQuest is a leading provider of biological pest control products and is active in the USA, Latin America and Europe. The company is active in each stage of the value chain: research, development, production and marketing. The main focus of the product pipeline is currently on biofungicides, which can also be used for organic farming.
Identec Solutions
www.identecsolutions.com
Identec Solutions (Identec) develops and markets intelligent asset tracking, tracing, location and management systems based on “Active Radio Frequency Identification” technology (Active RFID) that deliver real-time information on mobile resources over long ranges in harsh environments. Identec is the leading company in this kind of technology in the automotive and logistics industries as well as the offshore oil, gas and mining sectors, where the company made two acquisitions during 2008.
|
