Profile: Layne Christensen Co (LAYN.OQ)

LAYN.OQ on NASDAQ Stock Exchange Global Select Market

10.11USD
24 Dec 2014
Price Change (% chg)

$0.25 (+2.54%)
Prev Close
$9.86
Open
$9.86
Day's High
$10.33
Day's Low
$9.81
Volume
62,634
Avg. Vol
168,343
52-wk High
$18.92
52-wk Low
$5.91

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Layne Christensen Company, incorporated on May 19, 1981, is a global water management, construction and drilling company. The Company provides solutions for water, mineral and energy challenges. The Company operates throughout North America, as well as Africa, Australia, Europe, Brazil, and through its affiliates in other South American countries. Its customers include government agencies, investor-owned utilities, industrial companies, global mining companies, consulting engineering firms, heavy civil construction contractors, oil and gas companies, power companies and agribusiness. On October 1, 2012, the Company completed the sale of all of the exploration and production assets of its Energy Division.

Water Management Solutions

The Company provides total water management solutions for government agencies, commercial water suppliers, industrial facilities, and energy companies. Its teams are responsible for managing water in every phase of its lifecycle supply, treatment, delivery and maintenance. The Company engages in the development and deployment of water technologies. Water Management solutions include hydrology and scientific studies to define water resources, sourcing, well design and construction, water treatment technologies, industrial treatment, oil and gas services, wastewater treatment technologies, water reuse, water treatment service, treatment plants, Ranney collector wells, pump stations and intake structures, reservoirs, pipelines and sewer pipeline rehabilitation.

Construction Solutions

The Company provides specialized construction solutions for the responsible management of water in just about any industry or environment. It designs and constructs end-to-end water management systems, as well as individual intakes, reservoirs, pump stations, pipelines and plants tailored to its clients needs. The Company improves soil conditions and support subterranean structures in underground construction projects where effective water management is critical, such as dams and levees, tunnels, water lines, subways, highways and marine facilities. Construction solutions include geotechnical construction, tunnels and shafts, marine construction, alternative delivery, pump stations and intake structures, reservoirs, treatment plant construction, pipeline construction, sewer pipeline rehabilitation, renewable energy, anaerobic digestion systems, well design and construction and Ranney collector wells.

Drilling Solutions

The Company provides turnkey drilling solutions for water management, mineral exploration and specialty drilling needs. It ables to define the source, depth, magnitude and overall feasibility of water aquifers, and drill high-volume wells suitable for supplying water to government agencies, industrial and agricultural customers. The Company also drills deep injection wells to facilitate the disposal of treated wastewater. Its mineral exploration teams extract contaminant-free samples that accurately reflect the underlying mineral deposits. Drilling solutions include reverse circulation drilling, diamond core drilling, large diameter core drilling, hammer drilling, dual wall percussion drilling, flooded reverse circulation drilling, dual rotary casing advance drilling, rotary air blast drilling, mud rotary drilling, directional drilling, specialty drilling, resonant sonic drilling, well drilling, borehole and surface geophysics, borehole surveying, oil and gas services and stuck pipe recovery.

Water Infrastructure Group

The Company’s Water Infrastructure Group operates four reporting segments: Water Resources, Inliner, Heavy Civil, and Geoconstruction. Each of these segments is headed by an operating president and has managers that are responsible for geographic regions or product lines within each segment. Our primary marketing activities for its Water Infrastructure Group occur through each division’s local business development managers and project managers who cultivate and maintain contact with existing and potential customers. It also maintain a centralized business development effort on a national basis, which seeks opportunities with industrial customers.

Water Resources Division

Throughout the United States and in certain foreign locations, Water Resources provides its customers with sustainable solutions for every aspect of water supply system development and technology. Its Water Resources Division also brings new technologies to the water and wastewater markets, whether through internal development, acquisition or strategic alliance. The Company also offers water treatment equipment engineering services, providing systems for the treatment of regulated and nuisance contaminants, specifically iron, manganese, hydrogen sulfide, arsenic, radium, nitrate, perchlorate and volatile organic compounds. Its target groundwater drilling market consists of high-volume water wells drilled principally for municipal, industrial and agricultural customers. It provides sources of water supply, including groundwater and surface sources. The Company also designs and constructs the pipelines and pump stations necessary to convey water from its source to the users.

The Company offers complete diagnostic and rehabilitation services for existing wells, pumps and related equipment with a network of local offices throughout its geographic markets in the United States. In addition to its well service rigs, it has equipment capable of conducting downhole closed circuit televideo inspections, one of the effective methods for investigating water well problems, enabling it to diagnose and respond quickly to well and pump performance problems. The Company’s personnel can perform a variety of well rehabilitation techniques, using both chemical and mechanical methods. It also has the capability and inventory to repair, in its own machine shops, water well pumps, regardless of manufacturer, as well as to repair well screens, casings and related equipment such as chlorinators, aerators and filtration systems. Water Resources also offers environmental drilling services to assist in assessing, investigating, monitoring and characterizing water quality and aquifer parameters. The customers are typically national and regional consulting firms engaged by federal and state agencies, as well as industrial companies that need to assess, define or clean up groundwater contamination sources. The Company offers a range of environmental drilling services, including investigative drilling, installation and testing of monitoring wells to assist the customer in determining the extent of groundwater contamination, installation of recovery wells that extract contaminated groundwater for treatment, which is known as pump and treat remediation, and specialized site safety programs associated with drilling at contaminated sites. It offers specialized drilling services to industrial and mining customers who need dewatering and other construction related services. It also drills deep injection wells for industrial (primarily power) and municipal clients that need to dispose of wastewater associated with their processes. Other technologies include a micro-filtration disk filter designed to withstand industrial environments, and a hydro-phobic membrane for the removal of entrained air, trihalomethanes and radon. It offers the only membrane bioreactor made from polytetrafluoroethylene (PTFE).

Inliner Division

The Company’s Layne Inliner is a service rehabilitation company offering a range of solutions for wastewater, storm water and process sewer pipeline networks. The foundation of its services is its Inliner cured-in-place pipe (CIPP). The product allows the Company to rehabilitate aging and deteriorated infrastructure and provide structural rebuilding, as well as infiltration and inflow reduction. The Company owns and operates Inliner Technologies, the technology company, and Liner Products, the lining tube manufacturer. This vertical integration gives the Company control of the Inliner product from raw material purchases to product installation. The Company also provides a variety of other rehabilitative methods, including Janssen structural renewal for service lateral connections and mainlines, slip lining, traditional excavation and replacement and manhole renewal with cementitious and epoxy products.

Heavy Civil Division

The Company’s Heavy Civil Division delivers sustainable solutions to government agencies and industrial clients by overseeing the design and construction of water and wastewater treatment plants and pipeline installation. In addition, Heavy Civil builds radial collector wells (Ranney Method), surface water intakes, pumping stations, hard rock tunnels and marine construction services all in support of the world’s water infrastructure. Beyond water solutions, its Heavy Civil Division also designs and constructs biogas facilities (anaerobic digesters) for the purpose of generating and capturing methane gas, an emerging renewable energy resource.

Geoconstruction Division

The Company provides specialized geotechnical foundation construction services to the heavy civil, industrial, commercial and private construction markets around the globe. It provides deep foundation system, ground improvement and earth support solution to be applied given highly variable geological and site conditions. In addition, it e offers experience in completion of complex and schedule-driven underground construction projects. It provides services that are focused primarily on the foundation systems for dams/levees, tunnel shafts, utility systems, subways or transportation systems, commercial building and port facilities. Services offered include jet grouting, structural diaphragm and slurry cutoff walls, cement and chemical grouting, drilled piles, ground improvement and earth retention systems. In Italy, its wholly owned subsidiary, Tecniwell, manufactures drilling rigs, mixing plants and high pressure grout pumps, with related ancillary tooling.

Mineral Exploration Division

Global mining companies hire the Company to extract samples from their sites that they analyze for mineral content and grade before investing heavily in development to extract these minerals. The Company’s Mineral Exploration Division conducts primarily aboveground drilling activities, including all phases of core drilling, reverse circulation, dual tube, hammer and rotary air-blast methods. Its service offerings include both exploratory (greenfield) and definition (brownfield) drilling. Greenfield drilling is conducted to determine if there is a minable mineral deposit, which is known as an orebody, on the site. It provides information to its clients that assists them in determining if a minable mineral deposit exists on a site, the economic viability of mining the site, the geological properties of the ground and the determination of mine planning. Its services are used by gold and copper producers and to a lesser extent, other base metal producers.

Company Address

Layne Christensen Co

STE. 700, 1800 HUGHES LANDING BL
THE WOODLANDS   TX   77380
P: +1281.4752600
F: +1281.4752733

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