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Profile: Argan Inc (AGX.N)

AGX.N on New York Stock Exchange

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Argan, Inc., incorporated on May 15, 1961, is a holding company. The Company conducts operations through its subsidiaries, Gemma Power Systems, LLC and affiliates (GPS), Atlantic Projects Company Limited (APC), Southern Maryland Cable, Inc. (SMC) and The Roberts Company (Roberts or TRC). The Company's segments include power industry services, industrial fabrication and field services, and telecommunications infrastructure services. Through GPS, the Company provides a range of engineering, procurement, construction, commissioning, operations management, maintenance, development and consulting services to the power generation and renewable energy markets for a range of customers, including independent power project owners, public utilities, municipalities, public institutions and private industry. Through APC, the Company provides construction and technical services for power generation, oil and gas, industrial and process industry customers. Through SMC, the Company provides telecommunications infrastructure services, including project management, construction and maintenance to commercial, federal Government and local Government customers. Through TRC, the Company provides fully integrated fabrication, construction and plant services designed to work with heavy and light industrial customers.

Power Industry Services

GPS and APC represent the Company's power industry services segment. GPS is a service engineering, procurement and construction (EPC) contractor with the abilities of designing, building and commissioning energy projects. The Company's power industry services business has projects for over 70 facilities representing over 14,000 megawatts (MW) of power-generating capacity. Its power projects have base-load combined-cycle facilities, simple-cycle peaking plants and boiler plant construction and renovation efforts. The Company also provides EPC contracting services to the owners of alternative energy facilities, including biomass plants, wind farms and solar fields. GPS is engaged in plant design and construction from site development through electrical interconnection and plant testing. APC provides turbine, boiler and large rotating equipment installation, commissioning and outage services to original equipment manufacturers, global construction firms and plant owners across the world. The Company has completed a biomass-fired project for East Texas Electric Cooperative, Inc. (ETEC) covering EPC contracting services for approximately 50 MW power plant fueled by chipped timber located near Woodville, Texas.

Industrial Fabrication and Field Services

TRC is an industrial fabricator and constructor serving both light and heavy industrial organizations primarily in the southern United States, including pulp and paper, petrochemical and power companies. Through Roberts, the industrial fabrication and field services segment produces, delivers and installs fabricated steel components specializing in pressure vessels and heat exchangers for industrial plants. In addition, Roberts includes a plant services group that handles maintenance turnarounds, shutdowns and emergency mobilizations.

Telecommunications Infrastructure Services

Through SMC, which represents the Company's telecommunications infrastructure services business segment, it provides technology wiring and utility construction solutions to customers in the mid-Atlantic region. The Company performs both outside plant and inside plant cabling services. Services provided to its outside premises customers include trench-less directional boring and excavation for underground communication and power networks, aerial cabling services, and the installation of buried cable, high and low voltage electric lines, and private area outdoor lighting systems. The outside premises services are provided to state and local Government agencies, regional communications service providers, electric utilities and other commercial customers. The inside premises wiring services that Company provides to the customers include the structuring, cabling, terminations and connectivity that provide the physical transport for high speed data, voice, video and security networks. These services are provided to federal Government facilities, including cleared facilities, on a direct and subcontract basis.

The Company competes with Bechtel Corporation, Fluor Corporation, SNC-Lavalin Group, Inc., Chicago Bridge & Iron Company N.V., Skanska AB and Kiewit Corporation.

Company Address

Argan Inc

1 Church St Ste 201
ROCKVILLE   MD   20850-4181
P: +1301.3150027
F: +1301.3150064

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