Andrade Gutierrez

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Andrade Gutierrez S.A.
Type Private
Industry Conglomerate
Founded Belo Horizonte, Brazil (September 2, 1948 (1948-09-02))
Founders Gabriel Donato de Andrade, Roberto Andrade e Flávio Gutierrez
Headquarters Belo Horizonte, Brazil
Key people Otávio Marques Azevedo, (CEO)
Products Engineering and construction, Telecommunications, Energy, Concessions, Airports, Roads, Sanitation
Revenue Increase US$ 2.308,4 billion (2012)
Net income R$ 16,8 billion (2012)
Employees 223,000
Website www.agsa.com.br

Andrade Gutierrez is a Brazilian private multinational conglomerate headquartered in Belo Horizonte. The company was founded in 1948 in Belo Horizonte, Minas Gerais by the Andrade and Gutierrez families. As of 2013, Andrade Gutierrez is the second largest construction company in Brazil with branches in 40 countries and estimated annual earnings of R$20 billion.[1][2] Andrade Gutierrez has three separate divisions: AG Engenharia (Construtora Andrade Gutierrez), which engages in engineering and construction; AG Concessões, which handles public projects, concessions and utilities; and AG Telecom, which provides telecommunication services. Otávio Azevedo serves as president of Andrade Gutierrez.[1]

History[edit]

Early History[edit]

Andrade Gutierrez founded on September 2 of 1948 in Belo Horizonte, Minas Gerais, by three engineers: Gabriel and Roberto Andrade and their friend Flávio Gutierrez.[1] It began as Andrade Gutierrez S.A., a small construction company. The company constructed its first interstate engineering work, the Rio de Janeiro-Belo Horizonte highway, in the 1950s. It also participated on the construction of the Castelo Branco highway, in São Paulo.[3] Castelo Branco later became a reference of highway engineering.[3]

In the late 1950s the company benefited from the modernization plans of the president Juscelino Kubitschek, and it expanded its area of operation to different Brazil states.[3] In the 1960s, the group built the Manaus-Porto Velho road, which spans 850 kilometers. .[4]

In the 1970s, Andrade Gutierrez built the Itaipu Hydroelectric Power Plant.[5] one of the greatest hydroelectric power plants of the world.[6]

Expansion during the 1980s[edit]

In the 1980s, during the ”lost decade”, Andrade Gutierrez expanded its area of performance within Brazil and into the international market. The company’s international expansion focused primarily on Latin America, Africa and Europe.[1] AG built its first international road in 1987. The road spanned 120 kilometers and connected the cities Epena, Impfondo and Dongou, all of which are located in the Republic of the Congo. .[7]

Andrade Gutierrez’s first work in Latin America was a 150-kilometer stretch of the Chimoré-Yapacani road in Bolivia for the Servicio Nacional de Camiños. Following Andrade Gutierrez’s work in Bolivia, the company completed projects in Central America, including the Nassau International Airport in the Bahamas.

In 1987, Andrade Gutierrez bought Zagope, a Portuguese company. Through its Zagope subsidiary, the company built roads, bridges and viaducts in Portugal and Mauritania. The company was also responsible for the extension of the Lisbon subway, which started in 1992. Zagope is one of the most important companies in Portugal. .[8]

Andrade Gutierrez also expanded its domestic operations during the 1980s. Projects the company completed during the 1980s include the Confins International Airport located in Minas Gerais, the Lagoinha tunnel in Belo Horizonte and the canalization of the Ribeirão Arrudas. Andrade Gutierrez also constructed the Carajás railroad, which spans 892 kilometers and connects Maranhão and Pará. .[9][10][11]

Diversification in the 1990s[edit]

The company started to diversify its portfolio in the 1990s, when it expanded into public concessions and telecommunication.

Andrade Gutierrez’s industrial business unit achieved its first Brazilian engineering work, the Duque de Caxias Refinery (Reduc), and began a partnership with Petrobras.[12] The company’s first concession was with the CCR (Highway Concessions Company), which became the biggest controller of highways under concession in Latin America.[13]

Andrade Gutierrez entered the telecommunications market with the creation of AG Telecom in 1993. In 1998, the company won the auction for the privatization of Telebrás and integrated the operation of Telemar. The company later founded Contax, one of the three largest contact center companies in the world.[14]

Andrade Gutierrez relocated to Argentina in 1996, where it keeps its infrastructure undertakings.[15]

Operations[edit]

Andrade Gutierrez’s African operations are focused on Mozambique, Angola, Nigeria, Ghana, Equatorial Guinea, Congo and Algeria. The company’s Latin American operations are focused in Colombia, Peru and Venezuela.

Its projects include hydroelectric power plants, thermoelectric power plants, nuclear power plants, petrochemical plants, mining, steel industry, refineries, harbors, subways, sanitation and urbanization, airports, railroads, and civil engineering. Globally, the company focuses on mining, harbors, logistic terminals, highways, and industrial plant projects (such as steel and petrochemical).

In 2013, the percentage of Andrade Gutierrez’s the gross operating revenues was: 47.2% from engineering and construction; 43.2% from telecommunications; 8.3% in concessions; 0.9% in Logimed; and 0.4% in energy. .[9]

Divisions[edit]

Engineering and Construction[edit]

In the engineering segment, AG operates in the construction of hydroelectric power plants, thermoelectric power plants, nuclear power plants, petrochemical plants, mining, steel industry, refineries, harbors, subways, sanitation and urbanization, airports, railroads, civil engineering. .[9]

In July 2013, Andrade Gutierrez began constructing the Serra do Sul mine in Pará, Brazil for the Vale (mining company)Vale mining company. .[16] The mine is planned to be the biggest in Vale’s history.[16] Vale signed three contracts with AG, a total of R$2.3 billion, for the construction of the mine, S11D, in Carajás. The three contracts involve the construction of two railroad branches of 50 kilometers and a processing plant with capacity of 90 million tons of steel per year.[17]

In 2008, Andrade Gutierrez won a contract for the construction of the Jose Inacio Abreu e Lima's National Steel Company, in Piar Municipality, Bolívar, Venezuela. The steel plant’s planned productive capacity is1.5 million tons of liquid steel per year. The same year, Andrade Gutierrez was awarded a contract for the AstiAlba Shipyard, located on the Araya Peninsula in Sucre, Venezuela. The shipyard is designed to allow PDVSA to manufacture and repair oil tankers. In 2012, Andrade Gutierrez won an additional contract to construct the Thermoelectric Plant of Cumaná, which is also located in Sucre. The plant has a planned capacity of 760 megawatts, which will contribute to the electric power generation of the eastern region of the country. .[10]

Based in Lisbon, Portugal, Zagope is responsible for Andrade Gutierrez’s activities in Europe, Asia, Africa and the Middle East. With around 8000 employees, Zagope is the biggest exporter and employer of the construction sector in Portugal, ranked 3rd largest construction company and 4th largest company in Portugal[8] The subsidiary’s volume of business went from €160 million in 2004 to €506 million in 2011.[18]

AG Concessions[edit]

Created in 1999, AG Concessions is a sub-holding of the Andrade Gutierrez group. The division was founded following Andrade Gutierrez’s experiences with public service concessions throughout the 1990s. AG Concessions operates both domestically and internationally and focuses on infrastructure concessions. .[19][20]

The division operates in the transport and logistics areas via CCR; energy with Cemig and Santo Antônio Energia; sanitation through Sanepar; telecommunication via Oi and Contax; health with Logimed and Novo Metropolitano (Barreiro's Metropolitan Hospital), in Belo Horizonte; and sports arenas via Brio, which is responsible for the modernization of Beira-Rio Stadium. In 2012, AG Concessions had a gross operating revenue of R$5.146.

AG Concessions takes part in the administration of many Brazilian roads, including Rodovia Presidente Dutra, Rodovia Anhanguera and Rodovia Castelo Branco.

AG Private[edit]

In 2012, the Andrade Gutierrez group restructured itself internally and created AG Private E&C, a specific division to take care of the provision of service contracts for private initiatives. In the same year, the contracts yielded earnings of R$300 million. In 2013, AG Private E&C reached R$2.3 billion with the signing of Vale’s S11D contract mining contract in Carajás.[17]

The president of the AG Private is Ricardo Sá.[17]

AG Private focuses mainly in multinational corporations, but also shows interest in mining projects, harbors, logistics terminals, roads and industrial plants.

Logimed[edit]

Logimed was founded in 2008 by Andrade Gutierrez and traces its beginnings to a contract with Santa Casa of São Paulo. Logimed focuses on the planning, management and logistics of the hospital supply chains. As of 2013, the company services 44 health units, including ten hospitals. .[21] The president of the company is Alexandre Dib.

In 2011, Logimed’s revune was R$110 million.

Energy generation[edit]

Andrade Gutierrez entered the energy sector with the Santo Antônio Energia consortium. The consortium is responsible for the construction and operation of the Santo Antônio Hydroelectric Plant, located at Madeira river, in Rondônia. It's also responsible for the commercialization of the generated energy.

In 2010, Andrade Gutierrez became the owner of 33% of the voting capital of CEMIG, a state-owned company that is chaired by Djalma Bastos de Morais. .[22] AGC Energy, subsidiary company of AG, took on the debt of Southern Electric Brasil (SEB), owner of the shares, for R$2.1 billion. From the total, R$500 million was paid in cash.[23]

Telecommunications[edit]

In 1993, AG created AG Telecom and in July 1998, the company bought, via the Telemar consortium, Oi.[24]

In 2008, Oi bought Brasil Telecom. AG Telecom’s business portfolio includes Oi, Oi Internet, Way Brasil (regional paid TV operator) and Contax.[25]

International operations[edit]

Andrade Gutierrez Group began its international operations in the 1980s, mainly in South America, Africa and Europe.

Internationally, AG has operated in projects like the New International Airport of Quito, in Ecuador, the Inter-oceanic roads South and North, in Peru, and the Bulwark Presidio dam, in Mexico. In Europe, the Tejo Passage and the Burata-Ourense tunnel in Spain. Notable African projects include, the Boussiaba dam in Alegeria, the Luanda-Viana highway and Mongomeyen Airport in Equatorial Guinea stood out.[11]

Main works[edit]

Interoceanica Sur – Peru Siderúrgica Nacional de Venezuela – Venezuela Rio Colocaro Potash Project – Argentina

Employment generation[edit]

The Andrade Gutierrez group currently generates 207,209 direct employments. From this total, 61,064 employees are hired for the Group's business units. The other 146,255 employees work for the companies owned by AGSA. Aside from that, there are 1,798 interns and trainees and the Group generates 178,167 outsourced jobs.[1]

Main Works in Brazil[edit]

General Quantitative Data[edit]

References[edit]

  1. ^ a b c d e "ANDRADE GUTIERREZ". Exame. Retrieved November 27, 2013. 
  2. ^ "As principais empresas brasileiras com negócios na Venezuela". Exame. Retrieved November 27, 2013. 
  3. ^ a b c "Patrimônio da engenharia, Andrade Gutierrez é homenageada na ALMG". JusBrasil. Retrieved 29 November 2013. 
  4. ^ "Em seis décadas, um portfólio de inovação tecnológica". OE. Retrieved November 27, 2013. 
  5. ^ "Exame". Retrieved November 27, 2013. 
  6. ^ "A Itaipu da selva". Istoé Dinheiro. Retrieved November 29, 2013. 
  7. ^ "Rumo à África". Editorial Magazine. Retrieved November 27, 2013. 
  8. ^ a b "Zagope". The Urban Gateway. Retrieved November 29, 2013. 
  9. ^ a b c "ANDRADE GUTIERREZ". Exame. Retrieved November 27, 2013. 
  10. ^ a b "As Melhores da Dinheiro: Grupo Andrade Gutierrez vence na categoria Construção Pesada". Istoé Dinheiro. Retrieved November 29, 2013. 
  11. ^ a b "Andrade Gutierrez". Bloomberg Businessweek. Retrieved November 29, 2013. 
  12. ^ "Para permitir entrada da PT, Telemar muda acordoFolha de S.Paulo". Retrieved November 27, 2013. 
  13. ^ "CCR compra 80% da Barcas, no Rio, por R$72 milhões". Reuters Brasil. Retrieved November 27, 2013. 
  14. ^ "ANDRADE MUDA DE CASA". Istoé Dinheiro. Retrieved November 28, 2013. 
  15. ^ "Andrade Gutierrez declara que não sairá da Argentina". Exame. Retrieved November 29, 2013. 
  16. ^ a b "Vale inicia construção do seu maior projeto". Brasil Econômico. Retrieved November 28, 2013. 
  17. ^ a b c "Andrade Gutierrez eleva presença no Projeto Carajás, da Vale". Exame. Retrieved November 27, 2013. 
  18. ^ "Zagope". Bloomberg Businessweek. Retrieved November 27, 2013. 
  19. ^ "Andrade Gutierrez Concessoes". EMIS. Retrieved 27 November 2013. 
  20. ^ "Lucro da AG Concessões sobe 71,7% em 2012". Valor. Retrieved November 29, 2013. 
  21. ^ "Logimed vai abrir centro de distribuição em Minas Gerais". O Tempo. Retrieved November 27, 2013. 
  22. ^ "Um sócio de 15 bilhões de reais para a Cemig". Exame. Retrieved November 27, 2013. 
  23. ^ "Caçador de negócios". Istoé Dinheiro. Retrieved November 29, 2013. 
  24. ^ "Delta vai abandonar obras da Petrobras". Folha de S. Paulo. Retrieved November 29, 2013. 
  25. ^ "Portugal Telecom e Oi assinam acordo para fusão". O Globo. Retrieved November 27, 2013. 

External links[edit]