Trading Update (6990G)

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RNS Number : 6990G

Management Consulting Group PLC

17 May 2011

Management Consulting Group PLC

Alexander Proudfoot (part of MCG) announces progress in Latin America

Management Consulting Group PLC ("MCG" or the "Group"), the international professional services group, today provides an update on recent developments in Alexander Proudfoot's operations in Latin America.

Alexander Proudfoot has appointed Paulo Amorim as President of its operations in Latin America, based in Sao Paulo, Brazil. Paulo was previously a Partner at Kornferry International and has held senior positions in manufacturing and consulting businesses in Latin America and the United States. He will lead the further development of the Alexander Proudfoot business in Brazil and more widely in Latin America, in line with MCG's strategy to grow its operations in these markets.

Alexander Proudfoot is experiencing increasing demand from clients operating in the Brazilian market. The country is experiencing strong growth in a number of industries, particularly those associated with chemicals, manufacturing and natural resources. Alexander Proudfoot has a well established operation in Brazil, serving local and international clients in these and other sectors.

Alexander Proudfoot is currently undertaking a significant project with Oxiteno which is a leader in the chemicals industry in Brazil. Oxiteno is a subsidiary of Ultrapar, one of Brazil's leading fuel distributors (Petrol and LPG) and providers of storage for liquid bulk. Working with the senior management team of Oxiteno, Alexander Proudfoot is undertaking an assignment to help reinforce the company's market position. The project is scheduled to last approximately nine months.

Nick Stagg, Chief Executive commented:

"We are pleased to see Alexander Proudfoot building on its success in the Brazilian market by working with leading companies in a diverse range of industries. Paulo Amorim's appointment as President of Alexander Proudfoot in Latin America will help us to increase our presence in this fast growing market. The project with Oxiteno is an excellent example of Alexander Proudfoot employing its global capabilities in revenue enhancement, cost control and productivity effectively. Oxiteno chose to partner with Alexander Proudfoot because of its ability to deliver tangible, realisable benefits and its track record of successful projects delivering long term results."

For further information please contact:

 
 Management Consulting Group PLC        Tel: +44 20 7710 5000 
 Nick Stagg, Chief Executive 
  Chris Povey, Group Finance Director 
 
 Financial Dynamics                     Tel: +44 20 7831 3113 
 Ben Atwell, Susan Quigley

Notes to editors:

Management Consulting Group PLC (MMC.L) provides professional services across a wide range of industries and sectors.

It comprises two independently managed practices: Alexander Proudfoot and Kurt Salmon. Alexander Proudfoot develops and implements operational improvements to its clients to increase productivity and reduce costs. Kurt Salmon provides consultancy services to a wide range of industries in both the private and public sectors. The Group operates worldwide. For further information, visit www.mcgplc.com.

Alexander Proudfoot, established in 1946 and headquartered in Atlanta, develops and implements operational improvements to its clients to increase productivity and reduce costs. Proudfoot has offices in Brazil, Canada, the US, the UK, France, Germany and South Africa. It has strong expertise in the mining, financial services, manufacturing and telecommunications industries.

Oxiteno is part of one of the largest business groups in Brazil, with a leading position in its markets achieved during more than 40 years of history. The company supplies a broad range of market segments, particularly crop protection chemicals, food, cosmetics, leather, detergents, packaging for beverages, thread and polyester filaments, brake fluids, petroleum and coatings. With over one thousand employees, Oxiteno has industrial operations in the Brazil, Mexico and Venezuela and commercial offices in Argentina, Belgium and the United States.

This information is provided by RNS

The company news service from the London Stock Exchange

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