Luis Manuel Ramirez, the President and CEO of Global Power Equipment Group Inc. (GLPW), Interviews with The Wall Street Transcript
67 WALL STREET, New York - May 27, 2014 - The Wall Street Transcript has just published its Industrial Equipment, Aerospace and Defense Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Capital Equipment Technology Investing - Growth Opportunities in Data Security - Professional Security Equipment - Emerging Markets Penetration - Heightened M&A Activity - Future Growth and Market Share Gains - Increased Commercial Aircraft Production Rate - Aircraft Manufacturing Supply Chain
Companies include: Global Power Equipment Group Inc. (GLPW) and many more.
In the following excerpt from the Industrial Equipment, Aerospace and Defense Report, the President and CEO of Global Power Equipment Group Inc. (GLPW) discusses company strategy and the outlook for this vital industry:
TWST: Where else are you seeing great demand or growth potential, whether from a type of customer or a particular geographic location?
Mr. Ramirez: Certainly there are booms, the ones you hear about here in the United States - for example, what's going on around the Gulf of Mexico between the Panhandle of Florida all the way across to Texas - just a tremendous amount of demand for more infrastructure to support the oil and gas industry, places where they are extracting the energy and then transporting it down the pipelines across the U.S. There are a lot of projects coming through; that infrastructure buildout is happening here in the States.
What we see outside of the U.S. is really the continuing evolution of those emerging markets that we've been playing in in our power-gen business for a long time. We see growth in North Africa. We see Algeria and other areas in North Africa that have oil and gas reserves; they are also building out their infrastructure. We see the demand in Asia, and not just China. When you look at energy demand in countries like Thailand, Malaysia and others in the Southeast Asia region, they are continuing to see population growth and demand for energy. And they are doing more and more projects to provide that energy to their populations and to the industry that is also growing in those places.
The Middle East continues to be a hot spot for our business. We see a lot of continued investment in all the Middle Eastern countries. It is no longer just about oil; it's also about industrial demand. We've done projects in Abu Dhabi with our OEMs for aluminum smelter plants, not just for what people typically think are oil and gas projects, and other projects like oil refineries or anything else that requires a lot of energy for an industrial process. So that demand continues to be pretty steady.
South America, three, four years ago, you could point to mining and metals as one of the big areas of investment. But today there is also population growth and demand in countries like Brazil and others that are not just growing their demand because of industrial use but also their populations. There is more of a middle class that is starting to develop, and as the middle class develops in those countries, you will see more and more energy consumption as a result. So there is certainly a growth pattern that we see around the world that supports the idea that natural-gas growth is real, it's relevant, and certainly, it is going to continue for the foreseeable future.
TWST: You mentioned earlier the acquisition of Hetsco, and I believe a few months later you purchased IBI Power. How was that a good fit for the company?
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
