High standards in the IPU project
There is much responsibility connected to the ISAL Production Upgrade project which tests and challenges significantly on the infrastructure and employees of HRV. Within HRV, it is thus assumed that working conditions in this specific project are quite far from the “cotton/protected environment” of traditional projects at engineering firms in comparison to other ventures to which the company was committed.
Projects in good standing for the 15th anniversary
HRV is connected to the maintenance and renewal to various degrees of virtually all aluminum plants in Iceland. Two of the most prolific on the 15th anniversary in 2011 are with Alcoa Fjarðaál.
New electrical rectifier at Fjárðaál
Work is in progress for a large project in the electrical system of the aluminum plant following explosions/fires in a rectifier of a substation shortly before Christmas 2010. A new rectifier has replaced the burnt one and a secondary rectifier has also been added to increase security, as well as prepare for a possible expansion/production increase at the plant.
New Potroom at Fjarðaál
Works are in progress to develop a new potroom at the plant. This is an investment in a building worth billions of ISK which is planned to house a pot insulator, cleaning facilities, pot demolition, and office maintenance. The Canadian engineering and consulting firm Hatch is managing this project for Alcoa Fjarðaál in collaboration with HRV.
The preparations in Helguvík
HRV is now responsible for an extensive project related to the preparations and constructions for an aluminum plant from Norðurál in Helguvík at Suðurnes. The company conducted an environmental impact assessment and directly manages construction, as well as monitors procurements and project management.
A new CEO
Gunnar Guðni Tómasson, who had already worked for HRV and sat on the Board, was appointed the CEO in the summer of 2011. He assumed the position on the 1 September.
Expansion of the Project Office
Around the same time, the 8th floor at Bíldshöfði 9A was put into use and committed to the tasks related to HRV’s largest project to date, the current amplification at Straumsvík (“the IPU project”). With this, HRV’s headquarters occupy about 2 000 sq. metres, on three floors at Bíldshöfði.
Turnover and workforce
It is expected that HRV’s net annual income will be approximately 49 million usd and the employee workforce is tallied up to around 300 in projects in every aluminum plant in Iceland.
Iceland’s largest engineering firm
HRV has grown rapidly and has already doubled its turnover following the economic collapse. Further, the company achieved the milestone of becoming the largest engineering firm in Iceland at the beginning of 2011 if based on turnover. HRV has acquired many large-scale projects in the country which no other engineering firm could have tackled. The company’s activities create jobs and provide valuable currency for the national coffers and economy.
Iceland now benefits from extensive expert knowledge and specialized experience in the aluminum industry due to HRV’s endeavours and the company is at the forefront at co-ordinating design, contract negotiation, procurements and construction planning ( EPCM Contract).