Graña Y Montero Announces that Vial y Vives is Awarded 50% of a Project Valued in US$ 131.8 Million
October 02 2017 - 7:53PM
Business Wire
Graña y Montero S.A.A. (NYSE:GRAM) (BVL:GRAMONC1) (“the Company”
or “Graña y Montero”) a leading Engineering and Construction
company, announced that the TyV Consortium, which is 50% owned by
Vial and Vives-DSD, a Chilean subsidiary of Grupo Graña y Montero,
and TNT Chile Limitada, a subsidiary of Amec Foster Wheelers, was
awarded today the Vertical Work Package No. 1 (VWP1) project, for
Minera Spence S.A. for a total amount of US$ 131.8 million.
This project, which will be completed in January 2020, will take
place in the open-pit copper mine that Minera Spence, a subsidiary
of BHP Billiton, has in the Sierra Gorda commune, Antofagasta
region, Chile. The aforementioned project consists of the
construction and assembly of a crushing plant as well as of
material transport, and includes the development of all necessary
facilities, from the reception of the material extracted on the
receiving hopper in the crushing building, to the discharge of
thick mineral on Stock Pile.
Vial and Vives-DSD is the building arm of the Engineering and
Construction area of the Graña y Montero Group in Chile. It was
born in 2014 with the merge of Vial and Vives S.A. and DSD
Construcciones y Montajes S.A., two specialized companies of this
sector in the Chilean market.
This project, awarded to Vial and Vives-DSD, represents a
further step in the regionalization strategy that Grupo Graña y
Montero has been carrying out in countries such as Chile and
Colombia.
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version on businesswire.com: http://www.businesswire.com/news/home/20171002006610/en/
Graña y Montero S.A.A.Samantha Ratcliffe,
511-213-6573Head of Investor
Relationssamantha.ratcliffe@gym.com.perelacion.inversionistas@gym.com.pehttp://investorrelations.granaymontero.com.pe/
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