Graña y Montero Announces Awarding of New Contract
By Business Wire News
By Business Wire News
Graña y Montero S.A.A. (NYSE: GRAM) (BVL: GRAMONC1) (“the Company” or “Graña y Montero”) a leading Engineering and Construction company, announced its subsidiary GyM S.A. was awarded a contract for the execution of the Open Plaza Shopping Center in Huancayo. The amount of the contract is of S/. 150 million.
This shopping center is scheduled to be executed in 300 calendar days (approximately in 10 months), and will be located in Huancayo, in the province of Junin.
This project is added to several others which have been already developed in recent years in Huancayo, and that are transforming the city into a more modern one, and with a better quality in its infrastructure.
GyM S.A. has over 82 years of experience and is the oldest and most prestigious construction company in Peru. It is comprised of three divisions: building construction, civil construction and electromechanic construction.
In the past four years GyM S.A. has developed more than 20 projects in the country.
About Graña y Montero S.A.A.
Graña y Montero is the only Peruvian engineering and construction company listed on the Lima Stock Exchange since 1997 and in the NYSE since 2013. The Company has participated in the development of major engineering and construction projects in Peru, including large-scale, complex projects in the energy, mining, construction and real estate sectors.
With 82 years of operations, the Company has leveraged its engineering and construction expertise into complementary lines of business, such as the development, ownership, operation and maintenance of infrastructure assets, real estate developments, and the provision of technical services. The Company has significant investments in infrastructure concessions, such as three toll roads and Line 1 of the Lima Metro.
The Company has also executed several projects outside Perú, and has acquired three companies in Chile: DSD Construcciones y Montajes, an engineering and construction company specialized in providing services to the energy, oil and gas, cellulose and mining sector in Chile and Latin America; Vial y Vives, a construction company specialized in the mining sector, and CAM, specializing in electric services, with operations in Chile, Peru and Colombia. It recently acquired Morelco, a Colombian company specialized in electromechanical assemblies, civil works, and services for the oil and gas industry as well as energy industry.