STRABAG

Press Release Investor Information

STRABAG subsidiary Züblin awarded € 400 million contract in Chile

Facts & Figures

STRABAG COMPANY:

Züblin International GmbH Chile SpA

CONTRACT VALUE:

€ 400 million

STRABAG SHARE: 100 %

ORDER BACKLOG: Q2/16

SEGMENT:

International + Special Divisions

CLIENT:

Corporación Nacional del Cobre de Chile (Codelco)

Contact

STRABAG SE

Marianne Gruber Corporate Communications

& Investor Relations Tel. +43 1 22422-1174

marianne.gruber@strabag.com

  • Transformation of Chuquicamata Copper Mine into an underground operation
  • Construction works until 2021

Santiago de Chile, 13 June 2016 Züblin International, a subsidiary of publicly listed construction company STRABAG, has been awarded a € 400 million contract by Codelco, the world's largest copper producer. The Chuquicamata Mine, located in northern Chile, will be transformed from the world's largest open pit to an underground operation. The contract includes 63 km of tunnel excavation, 7 km of shafts and the transportation of 3.6 million tons of materials. Construction works will be finished in 2021.

"With this project, our subsidiary Züblin will expand its current presence with Codelco. Besides the Chuquicamata Mine we are also working on the El Teniente Mine and in the Andina Mine. Our many years of experience in the mining sector in Chile are very appreciated by our client," explains Thomas Birtel, CEO of STRABAG SE.

STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength. Our services span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by our specialised entities integrating the most diverse services and assuming responsibility for them. We bring together people, materials and machinery at the right place and at the right time in order to realise even complex construction projects - on schedule, of the highest quality and at the best price. The hard work and dedication of our more than 73,000 employees allows us to generate an annual output volume of more than € 14 billion. At the same time, a dense network of numerous subsidiaries in many European countries and, increasingly, on other continents is helping to expand our area of operation far beyond the borders of Austria and Germany. More information is available at www.strabag.com Züblin International GmbH Chile SpA was founded in the year 2000 and maintains its headquarters in Santiago de Chile. The company is a subsidiary of Ed. Züblin AG and forms a part of Austria's STRABAG SE. Züblin International GmbH Chile SpA has about 2,700 employees. The services comprise a wide range of activities in the fields of mining, energy supply, infrastructure and engineering. More information is available at www.zublin.cl

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Strabag SE published this content on 13 June 2016 and is solely responsible for the information contained herein.
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