Vial y Vives – DSD Was Awarded Contract in MAPA Project in Chile for US$ 111.6 Million
May 29 2019 - 9:23PM
Business Wire
The contract has a term of 23 months and an
approximate value of US$111.6 million
Vial y Vives - DSD, a Chilean subsidiary of Grupo Graña y
Montero, signed a contract with Celulosa Arauco y Constitución S.A.
for the electromechanical civil assembly of the water treatment
plant, cooling towers, turbogenerators and evaporators as part of
the modernization and expansion of the Arauco Plant (MAPA).
The contract has a term of 23 months and an approximate value of
US$ 111.6 million, as reported by the Group in a Relevant
Information Communication sent to the Superintendence of Securities
Market (SMV).
The works are part of the modernization and expansion of the
company's Arauco Plant, a project that involves a total investment
of US$2,350 millions and represents the largest investment in the
history of Arauco. Its modernization and expansion - works in which
Vial and Vives-DSD will now work - was approved by the company's
Board of Directors in July 2018.
The plant expansion phase began in December 2018 and will start
its operations by the end of March 2021. The goal of these works is
to strengthen Arauco's competitiveness and leadership in global
markets.
Vial y Vives - DSD is the Engineering and Construction company
of Grupo Graña y Montero in Chile. The Company was founded in July
1, 2014, from the merger of Ingeniería y Construcción Vial y Vives
S.A. and DSD Construcciones y Montajes S.A., two prestigious
companies in the Chilean market founded in 1978 and 1993,
respectively. Today Vial y Vives - DSD integrates its knowledge and
experience to become a key reference in construction and assembly
for the main industrial and infrastructure projects in Chile.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190529006027/en/
Paola Pastor AragónHead of Investor Relations(511)
213-6573paola.pastor@gym.com.perelacion.inversionistas@gym.com.pehttp://investorrelations.granaymontero.com.pe/
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