For Ferrostaal, building and development are its middle names. The company is involved in project development and management in plant construction and engineering. It builds water-treatment facilities, industrial plants, bridges, and power plants; it also provides financial planning, system integration, and equipment installation at the facilities. While Ferrostaal boasts worldwide operations, a large amount of sales are generated in Latin America. Owned by Germany's MAN until 2009, when Abu Dhabi's International Petroleum Investment Company (IPIC) bought 70% of the company, Ferrostaal returned to MAN ownership in 2011. Ferrostaal was sold to Hamburg-based finance group MPC in 2012.