EMAIL DETAILS

Agreed. The whole model is Spain brings over the technology, the US supplies the mid/low skill labor, project management etc.

So say 20% of the project funding goes offshore, but 80% of the project funding stays on shore which makes the whole deal worth it to the funding agency/tax payer.

So we have think about this as owners of Ormazabal USA how we proceed. Maybe a topic for the 1st Ormazabal USA Board Meeting!


Sent from my Verizon Wireless BlackBerry

-----Original Message-----
From: Hunter Biden <hbiden@rosemontseneca.com>
Date: Wed, 5 May 2010 11:10:59
To: <ncallahan@rosemontseneca.com>
Subject: Re: Tamoin Group

Just out of curiosity- between you and me- why would you want to add insult to injury and have a Spanish firm supply technology and the hire spanish firs to install and do maintenance for US highly government subsidized projects.

On May 5, 2010, at 8:33 AM, ncallahan@rosemontseneca.com wrote:

> Ahh, that is good. They should still hire a few models!
> Sent from my Verizon Wireless BlackBerry
>
> From: Pio Mortera Nales <pio@transatlanticeg.com>
> Date: Wed, 5 May 2010 08:17:35 -0400
> To: ncallahan@rosemontseneca.com<ncallahan@rosemontseneca.com>; AbelNavarro Homet<abel@transatlanticeg.com>; Lorenzo Roccia<lorenzo@transatlanticeg.com>; Hunter Biden<hbiden@rosemontseneca.com>; Devon Archer<darcher@rosemontcapital.com>; Eric Schwerin<eschwerin@rosemontseneca.com>; Mike Muldoon<mmuldoon@senecaga.com>; RobWalker<rwalker@senecaga.com>
> Subject: RE: Tamoin Group
>
> Hello Neil,
>
> They go with a group of Spanish companies to a stand, through a Spanish Government organisation (ICEX). I think we didn’t tell you that, sorry.
>
> Best regards,
>
> <image001.jpg>
>
> Pío Mortera Nales
> Ingeniero Industrial
>
> c/ Serrano 26, 8º I
> 28001, Madrid, Spain
> Teléfono: +34 91 781 91 16 - Fax: +34 91 431 42 01
> Móvil: +34 600 574 212
> e-mail: pio@transatlanticeg.com
> De: ncallahan@rosemontseneca.com [mailto:ncallahan@rosemontseneca.com]
> Enviado el: miércoles, 05 de mayo de 2010 14:03
> Para: Abel Navarro Homet; Pio Mortera Nales; Lorenzo Roccia; Hunter Biden; Devon Archer; Eric Schwerin; Mike Muldoon; RobWalker
> Asunto: Re: Tamoin Group
>
> Abel,
>
> Has Ormazabal considered being an exhibitor and/or sponsor at the Dallas trade show?
>
> They would have visibility and people would approach them and they'd have preferred access to other exhibitors/sponsors during and after the show (private events, lists, etc).
>
> They'd need a basic display that the show promoters can arrange and they'd need a body to man the both. And they could hire a few models to stand there with them (base tactic but increases booth traffic by 1000%).
>
> I don't think it's too late.
>
> Best,
>
> Neil
> Sent from my Verizon Wireless BlackBerry
>
> From: Abel Navarro Homet <abel@transatlanticeg.com>
> Date: Wed, 5 May 2010 06:15:49 -0400
> To: Pio Mortera Nales<pio@transatlanticeg.com>; Lorenzo Roccia<lorenzo@transatlanticeg.com>; Hunter Biden<hbiden@rosemontseneca.com>; Devon Archer<darcher@rosemontcapital.com>; EricSchwerin<eschwerin@rosemontseneca.com>; Mike Muldoon<mmuldoon@senecaga.com>; RobWalker<rwalker@senecaga.com>; Neil Callahan<ncallahan@rosemontseneca.com>
> Subject: Re: Tamoin Group
>
> We are going to be having a meeting with them in dallas, it is already organize. The idea is to include them in the ormazabal's US project as the installers , providers of services and manteinance
>
> Enviado desde mi BlackBerry® de Vodafone
>
> From: Pio Mortera Nales <pio@transatlanticeg.com>
> Date: Wed, 5 May 2010 06:00:36 -0400
> To: Lorenzo Roccia<lorenzo@transatlanticeg.com>; Abel Navarro Homet<abel@transatlanticeg.com>; 'hbiden@rosemontseneca.com'<hbiden@rosemontseneca.com>; Devon Archer<darcher@rosemontcapital.com>; EricSchwerin<eschwerin@rosemontseneca.com>; Mike Muldoon<mmuldoon@senecaga.com>; Rob Walker<rwalker@senecaga.com>; Neil Callahan(ncallahan@rosemontseneca.com)<ncallahan@rosemontseneca.com>
> Subject: Tamoin Group
>
> Hello all,
>
> I send you attached and below a report of Tamoin Group. I hope it is helpful.
>
> Tamoin Group
>
> It is a Spanish industrial group founded in 1956 in Bilbao. They develop their activity in the industrial assembly and maintenance sectors, as well as in the energy engineering. Their growth is focused on the company internationalisation and renewable energies, looking for this reason to the US and British market (basically for wind, afterwards for the other services they offer). Other aim markets are South America and Northern Africa.
>
> Currently, they are offering energy solutions, such as cogeneration facilities, biomass plants and industrial plants energy efficiency projects.
>
> Tamoin is in many international markets, like Germany, Poland, Portugal and Mexico.
>
> Recently, they have done some interesting projects worldwide:
>
> - Maintenance of 500 wind MW of Iberdrola in Europe
> - Combined cycle power plant of 1,135 MW in Mexico
> - Renewal of Laguna Verde Nuclear Plant, also in Mexico
> - Different combined cycle power plants in Spain
> - 2 MW biomass plant (turnkey project) for Iberdrola Renewables in Guadalajara, Spain
>
> Some important clients of Tamoin are Iberdrola, Endesa, Unión Fenosa, Nuclenor, Electrabel, Siemens, General Electric, Alstom, Mitsubishi, Repsol YPF, Petronor, Campsa, BP Oil, Cepsa and Petromed.
>
> In 2009, the turnover amounted to 60 million euros, and they expect a turnover for 2012 of 120 million euros. They have 280 employees and 800 temporary jobs contracted, and offices in Spain, Portugal, Germany and Mexico.
>
> Their relationship with Ormazabal is very good.
>
>
> Regards,
>
> <image002.jpg>
>
> Pío Mortera Nales
> Ingeniero Industrial
>
> c/ Serrano 26, 8º I
> 28001, Madrid, Spain
> Teléfono: +34 91 781 91 16 - Fax: +34 91 431 42 01
> Móvil: +34 600 574 212
> e-mail: pio@transatlanticeg.com
>

R. Hunter Biden
Rosemont Seneca Partners LLP
202-333-1880
hbiden@rosemontseneca.com