And to a lesser degree but certainly quite important to us is our experience in the power industry where we have a history of – in the original construction wave of power plants. Many years ago, we participated in 78 of the 104 original reactors built in the United States and our actual today, in a number of areas, including plant Vogtle and plant Summer where we are constructing the containment vessels for those projects.
This is a new graph we’ve added to our deck to give you an illustration of our backlog and where it’s concentrated in our primary end markets. This certainly changes as new awards are awarded during the year but it generally breaks down the distribution pretty well and given the relativity of project size in each segment, that overall distribution percentage shouldn’t change much as we’re growing organically. And the bubble chart to the right illustrates how we see our position relative to global competitors.
Again as the market grows in activity, I think some of these charts will show a much more fragmented competitive landscape particularly in the petrochemical and gas processing industries. But today with the exception of offshore and power where there is clearly a lot of headroom for our company, we enjoy a pretty strong position in the markets that we serve.
This is our analysis of what we’ve identified as addressable opportunities in our key end markets. The circles indicate the business sector which has a predominant business opportunity for us. For example, LNG while it’s presenting significant tank storage opportunities, the majority of our backlog and share of the anticipated CapEx will be captured in our engineering construction sector. But it also illustrates the absence of new awards for project, there are still legitimate opportunities for the other two business sectors. So we have a lot of ways to access individual markets.Read the rest of this transcript for free on seekingalpha.com
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