EANS-News: BAUER Aktiengesellschaft
BAUER Group contracted to install cut-off
wall to strengthen Sylvenstein Dam
05.03.2012 – 10:17
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 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 -------------------------------------------------------------------------------- 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