Company Fundamentals\Company Profile
A Wright Investors' Service Research Report:
Foraco International S.A.
440 Wheelers Farms Road
Milford, CT 06461 U.S.A.
COMPANY PROFILE
Figures in Euro
Wright Quality Rating:LAA15 Key Data
Foraco International SA (Foraco) is a drilling service provider with operations in 19 Ticker:
countries. The Company operates 119 drill rigs throughout the world, providing a FAR
diverse range of drilling services to its customer base. The Company is engaged in
destructive and nondestructive drilling, as well as drill rig design capabilities. It 2010 Sales:
provides solutions to mining companies, governmental organizations, and
124,270,142
international development funds. The Company has two main segments: Mining and
Energy, and Water, Environmental and Infrastructure. Its subsidiaries include Foraco
Corp, Gode International SASU, Geo Ghana Ltd and Foraco Sahel Sarl. In May 2010, Major Industry:
the Company acquired the remaining interest in Adviser Drilling SA. In June 2010, the Utilities
Company acquired a 50% controlling interest in LLC Eastern Drilling Company (EDC)
from Russia. Sub Industry:
Stock Chart Officers Water Companies
Chairman & Chief Executive
Daniel Simoncini Country:
France
Deputy Chief Executive &
Chief Financial Officer Currency:
Jean-Pierre Charmensat
Euro
Fiscal Year Ends:
December
Employees
1,988
Exchanges:
TOR
Share Type:
ORDINARY