EANS-News: BAUER Aktiengesellschaft BAUER Group wins contract to execute
foundation works for Laktha Tower in St. Petersburg
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Company Information/Contracts
Schrobenhausen/St. Petersburg (euro adhoc) - The Russian subsidiary of BAUER
Spezialtiefbau GmbH was awarded the contract to execute the foundation works for
the Lakhta Tower recently. The building will be constructed on the Baltic coast,
in the Laktha district of the city of St. Petersburg. With a height of 460
metres, it will be the tallest building in Europe.
The foundation works involve sinking around 260 bored piles down to a depth of
around 85 metres, with diameters of up to two metres. Two BG 40 and two BG 28
state-of-the-art Bauer drilling rigs will be used for this purpose.
"We are pleased to be carrying out the foundation works for what will be the
tallest building in Europe," said Prof. Thomas Bauer, Chairman of the
Management Board of BAUER AG. "Russia is a very dynamic market and we benefit
from our long-term presence there time and again. It is wonderful to be
involved in such an exceptional project."
The work is set to begin in December and is expected to last until the end of
June 2013.
The Lakhta Tower is already the third major contract that the BAUER Group has
managed to secure in recent weeks: besides the new project in St. Petersburg,
foundation works for part of the Hong Kong-Zhuhai-Macau Bridge (around EUR 65
million) and the Kingdom Tower in Saudi Arabia (around EUR 25 million) have led
to a further rise in orders in hand for the Construction segment.
About Bauer
Bauer is a provider of services, machinery and products for ground and
groundwater. The Group markets its products and services all over the world.
Its global spread allows it to remain largely unaffected by fluctuating
business cycles.
Its business is divided into three segments: Construction, Equipment and
Resources. The Construction segment carries out specialist foundation
engineering work for complex excavation pits and foundations on major
infrastructure and building projects all over the world, installing cut-off
walls and carrying out ground improvement works as well as providing related
project development services. Bauer's Equipment segment, a world market leader,
offers a comprehensive range of construction machinery, equipment and tools for
the specialist foundation engineering sector as well as for other underground
drilling operations, such as for mines, water wells, geothermal energy sources,
and oil and gas extraction. The Resources segment pools the Group's activities
in the fields of water, energy, mineral resources and environmental technology.
Bauer profits greatly from the collaboration between its three separate
segments, enabling the Group to position itself as an innovative, highly
specialized provider of complete solutions and services for demanding projects
on the specialist foundation engineering and related markets.
Founded in 1790, Bauer today generates around three quarters of its total
revenues outside of Germany. Employing some 9,700 people, the Group's total
revenues in 2011 were approximately EUR 1.4 billion (previous year: EUR 1.3
billion). BAUER Aktiengesellschaft has been listed on the official market of
the Frankfurt Stock Exchange since July 4, 2006 (Prime Standard, ISIN
DE0005168108).
You can also visit us on YouTube: http://www.youtube.com/BAUERGruppe
Further inquiry note:
Christopher Wolf
Investor Relations
Tel.: +49 8252 97 1797
E-Mail: christopher.wolf@bauer.de
end of announcement euro adhoc
--------------------------------------------------------------------------------
company: BAUER Aktiengesellschaft
BAUER-Straße 1
D-86529 Schrobenhausen
phone: +49 (0)8252-97-1797
FAX: +49 (0)8252-97-2900
mail: investor.relations@bauer.de
WWW: http://www.bauer.de
sector: Construction & Property
ISIN: DE0005168108
indexes: SDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English