in 2009 CTS has developed itself further as a leading company in the design, manufacturing and installation of products and systems for atmospheric storage tanks. Apart from that our industrial supply activities have also grown considerably, and in both areas we are recognized by many of our long standing customers as a reliable and innovative partner for them.

This process is further supported by a growth in staff in all our offices, and a further growth in projects and contracts handled by our companies. Our portfolio of customers now includes all the leading international major oil companies such as BAPCO, BP, ConocoPhillips, ExxonMobil, Hess, Kuwait Petroleum, KNPC, Saudi Aramco, Shell, Total (or TFE, Total Fina Elf) and many others.

Also in the field of independent terminals we are serving the most important terminal organizations on a worldwide basis, where our customers include terminal organizations such as ARGOS, Eurotank (a Vitol company), Odfjell, Oiltanking, Vitol and Vopak. CTS currently serves 4 continents (Asia, Europe, the Middle East and South America) from 9 offices, and we have further plans to expand our presence beyond this covering other important areas. Where 2007 and 2008 were record breaking years with respect to the number of projects handled at our organization, also our turnover in 2009 was very impressive.

In the Middle East and South America we booked large contracts for aluminium dome roofs tank seals and internal floating roofs. We expect several other major contracts to be confirmed in the upcoming months