EANS-News: BAUER Aktiengesellschaft BAUER Group contracted to install cut-off
wall to strengthen Sylvenstein Dam
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Company Information/Government Contracts/New Products
Schrobenhausen (euro adhoc) - In February 2012 the Free State of Bavaria
contracted BAUER Spezialtiefbau GmbH, a company of the BAUER Group, to install a
cut-off wall down to a depth of 70 metres as part of modernization work on the
Sylvenstein Dam. Chairman of the Management Board of BAUER AG Professor Thomas
Bauer comments: "We have successfully carried out numerous dam remediation and
strengthening projects all over the world. We are very pleased now to be
contributing our expertise and equipment resources to what is currently one of
the largest flood protection projects in southern Germany."
Sylvenstein reservoir, with a water capacity of up to 125 million cubic metres,
is the oldest reservoir in Bavaria, and is the state's most important dam in
terms of flood protection. The dam core was first strengthened back in the
1980s. In the 1990s it was raised higher - a project in which Bauer was also
involved. After over 50 years in service, the first phase of the most recent
strengthening project on the Sylvenstein Dam was began in summer 2011, including
work to widen the dam top several metres for the necessary equipment to be put
in place.
In May 2012 BAUER Spezialtiefbau GmbH will start the most extensive phase of
the project: installing a total of 10,000 square metres of soilcrete diaphragm
wall to seal the dam core, stretching along a length of 170 metres and extending
as much as 25 metres beneath the dam into the former bed of the River Isar. The
work, which is scheduled for completion in November 2012, will be carried out by
a BC 40 cutter unit mounted on a MC 128 base carrier as well as two MC 64
foundation cranes for grab excavation and concreting. The contract is worth
around EUR 11.5 million.
About Bauer
Bauer is a provider of services, machinery and ancillary products in the
earth-working and groundwater fields. The Group markets its products and
services all over the world. Its global spread allows it to remain largely
unaffected by fluctuating business cycles.
The operations of the Group are divided into three segments: Construction,
Equipment and Resources. The Construction segment carries out specialist
foundation engineering work all over the world, developing foundation and
excavation projects as well as providing related construction services. In its
Equipment segment, in which it is the world market leader, Bauer offers an
extensive range of machinery, equipment and tools for specialist foundation
engineering and related fields of activity. The Resources segment encompasses
the Group's operations in the exploitation of raw materials, in environmental
technology, in geothermal drilling operations and also in equipment for wells
(including pumps and drills, screens and casings).
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 9,100 people, the Group's total
revenues in 2010 were EUR 1.30 billion (previous year: EUR 1.28 billion). BAUER
Aktiengesellschaft has been listed on the official market of the Frankfurt Stock
Exchange since July 4, 2006 (Prime Standard, ISIN DE0005168108).
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
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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