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Andrade Gutierrez Engenharia, after having hit bottom, turns around and plans to close the year with R$ 4,5 billion, triple the amount recorded last year.
Andrade Gutierrez, announced this Wednesday, July 24, that it signed a contract this month, worth an estimated R$ 150 million, for the application of civil works and earthworks for the development of a program for the decommissioning of tailings dams .
The company did not announce the name of the contractor, but said it was “one of the main mining players in the world”. The company informed that the execution period of the work is 12 months and that it is already mobilized to start the activities foreseen in the contract.
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Last week, the construction company reported that it had signed another contract for the construction of a mine to explore zinc, lead and copper, in Mato Grosso. The contract, worth approximately R$ 265 million, also did not have the name of the client revealed for confidentiality reasons.
The company said that the total period for the works is 52 months and that the project is in line with the company's strategy of focusing on the private sector.
Andrade Gutierrez predicts new business with the MERCOSUR-EU agreement
Andrade Gutierrez Engenharia, after having hit bottom, turns around and plans to close the year with R$ 4,5 billion, triple the amount recorded last year.
After Lava Jato, the company implemented a profound restructuring program with the compliance program, now recognized by the market as the most robust, in addition to a series of changes in the company's management. In parallel, they also invested in operational excellence and innovation.
With these measures, the company was able to create more competitive processes, and as a result of this new attitude, they are being recognized in a different way, winning more and more contracts.
Last year, the company had a large part of its revenues coming from works carried out abroad, such as in Africa and the Middle East.
Today, Andrade Gutierrez operates in Europe through Zegope Engenharia, headquartered in Portugal. The president of the Andrade Gutierrez Group, Ricardo Sena, believes that the agreement between the EUROPEAN UNION and MERCOSUR should facilitate the exchange of technology and enable a more integrated operation between companies on both continents.
“With regard to the South American and Brazilian market, we also believe that we are well positioned in relation to our competitors and we will continue with our plan to gain market share in the countries where we already operate”, added the executive.
Companhia de Gás do Espírito Santo — ES Gás, officially started operating this Monday
