Further investment by Eurovia in materials production in Europe
24 July 2007 - Acquisitions - The Netherlands
Having acquired CUP (Belgium) and started operations at the Antwerp Stone Terminal (AST), Eurovia is purchasing a 23% interest in Bremanger Quarry AS, which operates a quarry on the Norwegian coast to the north of Bergen. The quarry has 500 million tonnes of reserves of high-performance Devon sandstone. It began operating in 2005 and will produce 1.8 million tonnes this year. Production capacity is set to double rapidly.
To accelerate growth, production, sales and logistics in this sector, Eurovia is giving Bremanger Quarry its own concession, which is located nearby and has reserves of 100 million tonnes.
The two quarries are extremely well positioned to meet the growing demand for top-quality aggregates in areas that have little or no hard stone resources. These areas include the Benelux, northern Germany, Poland, northern France, Denmark and Greater London. The quarries are also expected to benefit from increasing demand for maritime works materials.
Bremanger currently supplies facilities in Amsterdam (Graniet Import) and Antwerp (AST), as well as several North Sea operations. Bremanger Quarry plans to develop new facilities in other countries.
Bremanger is a key component in Eurovia’s industrial business activity and long-term aggregates supply strategy, significantly increasing the company’s reserves.
Eurovia, a VINCI subsidiary, is one of the world leaders in roadworks. The company operates in 16 countries through 300 works centres and 790 road building materials and aggregate production sites. It has over 38,500 employees and generated revenue of 7.23 billion euros in 2006.
VINCI is a global player in concessions and contracting, employing close to 211,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. VINCI’s goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.