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Arcadis NV — M&A Activity 2010
Jul 15, 2010
3811_iss_2010-07-15_9ccac36e-a453-4b6f-bcc2-10c30bb478da.pdf
M&A Activity
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PRESS RELEASE
ARCADIS AWARDED \$36 MILLION CONTRACT IN BRAZIL
July 15, 2010 – ARCADIS (EURONEXT: ARCAD), the international design, consulting, engineering and management services company, today announced that its Brazilian subsidiary ARCADIS Logos has signed a US\$36 million contract with the Brazilian mining company VALE to provide project management services for the realization of a new iron ore enrichment plant, entitled the Vargem Grande Itabiritos (VGI) project, in the State of Minas Gerais. Project completion is foreseen by June 2013 when the plant goes into production.
The total investment for the project is approximately US\$1.5 billion and it will serve to increase the installed capacity of the Vargem Grande Mining Complex by 10 million tons per year.
Besides the construction of a new iron ore enrichment plant, the project includes the expansion of the railway terminal, while also increasing the iron ore stockyard handling capacity up to 65 million tons per year. The new enrichment plant will be linked to the stockyard by a long distance conveyor belt, 5 km in length, to be built as part of the VGI project.
ARCADIS Logos has been contracted to provide project management services. The company will mobilize a team of about 120 people in the course of the project.
"ARCADIS Logos has been providing management support services to VALE since 1992 for the implementation of their mining complexes in the Minas Gerais region. We are very proud that we again get involved in this major investment project of VALE", said Manoel Antonio A. Avelino da Silva, CEO of ARCADIS Logos. "This new contract clearly reflects the increasingly positive investment climate for large infrastructure projects in Brazil, which economically is doing very well at this time."
For more information please contact Joost Slooten at +31-26-3778604 - or outside office hours at +31-6-27061880 or via email [email protected].
About ARCADIS:
ARCADIS is an international company providing consultancy, design, engineering and management services in infrastructure, water, environment and buildings. We enhance mobility, sustainability and quality of life by creating balance in the built and natural environment. ARCADIS develops, designs, implements, maintains and operates projects for companies and governments. With 15,000 employees and EUR 1.8 billion in revenues, the company has an extensive international network supported by strong local market positions. ARCADIS supports UN-HABITAT with knowledge and expertise to improve the quality of life in rapidly growing cities around the world. Visit us at: www.arcadis.com
ARCADIS NV Nieuwe Stationsstraat 10 P.O. Box 33 6800 LE Arnhem The Netherlands Tel +31 26 3778 292 Fax +31 26 4438 381 www.arcadis.com