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.
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