2. OPENING A
HIGH VALUE
ENGINEERING CENTER
IN INDIA
Dean Wenner
Executive Vice President & General Manager - Houston
Richard Design Services, Inc.
Future of Energy l 2 l Opening a High Value Center in India
3. Future of Energy l 3
Richard Industrial Group
l Opening a High Value Center in India
Established on the principles of honesty, integrity, and safety
Legacy core company values instituted by their father, Arthur R. Richard Sr.
Projects up to $500MM
• Grassroots
• Brownfield
• Revamps
• Turnarounds
Knowledge, expertise and resources to provide a high quality, complete EPC
solution safely, on time and on budget
Provide predictable results
Private company founded by brothers Art and Brent Richard
4. Future of Energy l 4
Richard Industrial Group
l Opening a High Value Center in India
Richard Design
Services, Inc.
Full-Service
engineering
company capable of
providing front end
development to
detail design for both
large and small
projects.
550 – 650
Engineers & Designers
Richard Construction,
Inc.
Industrial general
contractor with direct
hire mechanical and
shop fabrication
capabilities.
350 – 1700
Construction &
Fabricators
Richard Automation &
Electric, Inc.
Electrical and
instrumentation filed
services company.
50 – 100
E/I Field Labor
Richard Automation,
Inc.
Full-Service
automation
company with
industrial building /
skid / panel
fabrication
capabilities.
60 – 100
Programmers & Panel
Fabricators
RIG is an integrated group of four companies:
FULL RANGE OF PROJECT COVERAGE
5. Future of Energy l 5
High Value Center in Kolkata
l Opening a High Value Center in India
Forming Richard Design Services India (RDSI)
Options
• Joint Venture with a firm
• Acquire a known firm
• Develop with a known and proven Leader
Company Objectives
• Houston - World center for refining and petrochemicals
• Expanding in Houston with high performance and quality
• Integration of a High Value Engineering Center leveraging
previous global experience and key relationships.
6. Future of Energy l 6
High Value Center in Kolkata
l Opening a High Value Center in India
Why Kolkata?
Communication/Cost Balance
Technical ability – highly skilled work force
High character people
Less pressure on resources
Cultural compatibility
Western style managerial/operational aspects
Employment and taxation manageable
7. Future of Energy l 7
High Value Center in Kolkata
l Opening a High Value Center in India
How are we doing?
Surety of Plan
Have the right people involved and engaged
Vested in the area
Plan well and proactively remove obstacles
Lend a helping hand – care about the people
Push to do more – not a “back office”
Communication and coordination
Sample project
Tools
Due Diligence
& Acquisition
Decision
5 months
Infrastructure
4 months
RDSI
RDSI
Incorporation
4 months
Internal
Company
Alignment
6 months
8. Future of Energy l 8
High Value Center in Kolkata
l Opening a High Value Center in India
Meeting expectations?
Domestic Scope
USA project engagement
Well established
Employing great people
Clients get great work
Employees are exposed to more – Dream Big/Rewarding
High level of optimism, determination and hard work … having fun!
Making business sense
YES!
9. KOLKATA HOUSTON
Future of Energy
“I truly believe there is much more potential to unleash. We should be
working toward having one of the world’s largest trading relationships,
and we need to continue to reduce barriers and open our markets to
greater trade and investment.”
~ Prominent US Politician of Today ~