Andrade Gutierrez Signs Million-Dollar Contract for Mining Works

Written by Paulo Nogueira

Published on 25/07/2019 at 01:00

Updated on 24/07/2019 at 17:23

1 person reacted to this.

Andrade Gutierrez Engineering After Hitting Rock Bottom, Bounces Back and Plans to End the Year with R$ 4.5 Billion, Triple the Amount Recorded Last Year.

Andrade Gutierrez announced on Wednesday, July 24, that it signed a contract this month, valued at an estimated R$ 150 million, for civil works and earthworks for the development of a dam decommissioning program.

The company did not disclose the name of the contractor, but stated it is “one of the world’s leading mining players.” The company informed that the project execution timeframe is 12 months and that it is already mobilized to start the activities outlined in the contract.

ARTICLE CONTINUES BELOW

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Andrade Gutierrez Engineering after hitting rock bottom, bounces back and plans to end the year with R$ 4.5 billion, triple the amount recorded last year.

After the Operation Car Wash, the company implemented a deep restructuring program with a compliance program, now recognized by the market as one of the most robust, along with a series of changes in company management. In parallel, they also invested in operational excellence and innovation.

With these measures, the company managed to create more competitive processes, and as a result of this new posture, they are being recognized differently, winning more and more contracts.

The company had last year a large part of its revenue coming from projects executed abroad, such as in Africa and the Middle East.

Today, Andrade Gutierrez operates in Europe through Zegope Engenharia, based in Portugal. The president of the Andrade Gutierrez Group, Ricardo Sena, believes that the agreement between the EUROPEAN UNION and MERCOSUR should facilitate technology exchange and enable a more integrated operation between companies from both continents.

“Regarding the South American and Brazilian market, we also believe that we are well positioned compared to competitors and will continue with the planning to gain market share in countries where we already operate,” the executive added.

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Andrade Gutierrez Signs Million-Dollar Contract for Mining Works

Andrade Gutierrez Engineering After Hitting Rock Bottom, Bounces Back and Plans to End the Year with R$ 4.5 Billion, Triple the Amount Recorded Last Year.

Andrade Gutierrez Forecasts New Business with MERCOSUR-EU Agreement

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Andrade Gutierrez Signs Million-Dollar Contract for Mining Works

Andrade Gutierrez Engineering After Hitting Rock Bottom, Bounces Back and Plans to End the Year with R$ 4.5 Billion, Triple the Amount Recorded Last Year.

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