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22.06.2011
BOLSER announces LOI for strategic alliance with CAMC from China to participate in a US$ 55 million Tin Plant Construction Project for Empresa Minera Huanuni.
BOLSER announces LOI for strategic alliance with CAMC from China to participate in a US$ 55 million Tin Plant Construction Project for Empresa Minera Huanuni.
London, June 22, 2011, 9:00 am (GMT). Bolser Plc. (WKN: A0Q77H), a leading provider of construction and maintenance of pipelines and processing plants for the oil, gas and mining industries in Bolivia, Peru and Brazil, announced that the Company has signed a letter of intent to establish an strategic alliance with China National Construction & Agricultural Machinery I/E Corp to build a Tin Concentration Plant for Empresa Minera Huanuni.
Bolser has signed an agreement with China National Construction & Agricultural Machinery I/E Corp to participate in the construction of a Tin Concentration Plant with 3,000 TPD production capacity launched by Empresa Minera Huanuni. Bolser will participate in all civil construction and piping assembly activities. With an approximate participation of 20% of the revenues of approximately US$ 11 million. This project will put Bolser ahead of its projected sales for 2011 and have a head start for 2012 since the project should take 18 months to be completed.
China National Construction & Agricultural Machinery I/E Corp, one of the largest companies in China, has developed markets in Europe, United States of America, South Asia, South America, Africa and Middle East. CAMC, is a leading professional exporter of Construction Machinery, Agricultural Machinery & Spares, Precision Forging & Casting products and Mining Equipment.
Pedro Pablo Hinojosa, CEO states; “Bolser’s participation in this type of projects will increase its participation in the Bolivian market and will assure Bolser’s the projected level of income and growth forecasted for the following years. “This alliance China National Construction & Agricultural Machinery I/E Corp – Bolser will provide the client with the confidence that they will receive a high quality product and also is expected to result in greater efficiencies in its production process”.
China National Construction & Agricultural Machinery I/E Corp engineering know how and manufacturing of specialized equipment, in addition to Bolser’s recognized experience in civil and mechanical construction in processing plants facilities, will certainly provide Empresa Minera Huanuni with the infrastructure with the highest technology and safety they need to develop their tin production plans in the most efficient way, especially now that the price of tin is at its highest level ever.
About the Company
Bolser PLC (“Bolser”,) is a UK registered publicly company with its shares listed on the Frankfurt Stock Exchange (ISIN: GB00B3BRH871 - WKN: A0Q77H). Bolser PLC owns 99% of its operating subsidiary group made up of 3 companies operating in Bolivia, Peru and Brazil. Bolser Ltd., (Bolivian Oil Services Ltda.) was founded in 1975 by the Hinojosa family. The Company and its more than 330 employees has been a long time leader in the oil, gas and mining infrastructure construction industry. Bolser is a specialist in the construction and maintenance of pipelines, roads, bridges, manufacturing and storage sites of various types. The Company is known by its clients for its excellence in the application of quality, health, safety and environment systems with international standards such as ISO 9001:2000, ISO 14001:2004 and OSHAS 18001:1999. Bolser has a thorough understanding of the logistical characteristic of the region and is currently focused on participating in the expansive demand for oil and natural gas infrastructure of the Southern Cone, specifically in Bolivia, Brazil and Peru.
Disclaimer
This press release contains forward-looking statements based on beliefs of Bolser Plc management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of Bolser as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Bolser disclaims any intention or obligation to update these forward-looking statements.
Further information can be found on the Bolser website under: www.BolserPlc.com
For Information Contact:
Registered Office in England & Wales:
BOLSER PLC
Acre House
11-15 William Road
London NW1 3ER, United Kingdom
UK Company No. 05140206
Email: IR@BolserPLC.com
IR-Kontakt Deutschland:
Connecting Markets GmbH
Telephone: +49 (0)69 21 65 59 10
Fax: +49 (0)69 21 65 59 11
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London, June 22, 2011, 9:00 am (GMT). Bolser Plc. (WKN: A0Q77H), a leading provider of construction and maintenance of pipelines and processing plants for the oil, gas and mining industries in Bolivia, Peru and Brazil, announced that the Company has signed a letter of intent to establish an strategic alliance with China National Construction & Agricultural Machinery I/E Corp to build a Tin Concentration Plant for Empresa Minera Huanuni.
Bolser has signed an agreement with China National Construction & Agricultural Machinery I/E Corp to participate in the construction of a Tin Concentration Plant with 3,000 TPD production capacity launched by Empresa Minera Huanuni. Bolser will participate in all civil construction and piping assembly activities. With an approximate participation of 20% of the revenues of approximately US$ 11 million. This project will put Bolser ahead of its projected sales for 2011 and have a head start for 2012 since the project should take 18 months to be completed.
China National Construction & Agricultural Machinery I/E Corp, one of the largest companies in China, has developed markets in Europe, United States of America, South Asia, South America, Africa and Middle East. CAMC, is a leading professional exporter of Construction Machinery, Agricultural Machinery & Spares, Precision Forging & Casting products and Mining Equipment.
Pedro Pablo Hinojosa, CEO states; “Bolser’s participation in this type of projects will increase its participation in the Bolivian market and will assure Bolser’s the projected level of income and growth forecasted for the following years. “This alliance China National Construction & Agricultural Machinery I/E Corp – Bolser will provide the client with the confidence that they will receive a high quality product and also is expected to result in greater efficiencies in its production process”.
China National Construction & Agricultural Machinery I/E Corp engineering know how and manufacturing of specialized equipment, in addition to Bolser’s recognized experience in civil and mechanical construction in processing plants facilities, will certainly provide Empresa Minera Huanuni with the infrastructure with the highest technology and safety they need to develop their tin production plans in the most efficient way, especially now that the price of tin is at its highest level ever.
About the Company
Bolser PLC (“Bolser”,) is a UK registered publicly company with its shares listed on the Frankfurt Stock Exchange (ISIN: GB00B3BRH871 - WKN: A0Q77H). Bolser PLC owns 99% of its operating subsidiary group made up of 3 companies operating in Bolivia, Peru and Brazil. Bolser Ltd., (Bolivian Oil Services Ltda.) was founded in 1975 by the Hinojosa family. The Company and its more than 330 employees has been a long time leader in the oil, gas and mining infrastructure construction industry. Bolser is a specialist in the construction and maintenance of pipelines, roads, bridges, manufacturing and storage sites of various types. The Company is known by its clients for its excellence in the application of quality, health, safety and environment systems with international standards such as ISO 9001:2000, ISO 14001:2004 and OSHAS 18001:1999. Bolser has a thorough understanding of the logistical characteristic of the region and is currently focused on participating in the expansive demand for oil and natural gas infrastructure of the Southern Cone, specifically in Bolivia, Brazil and Peru.
Disclaimer
This press release contains forward-looking statements based on beliefs of Bolser Plc management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of Bolser as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Bolser disclaims any intention or obligation to update these forward-looking statements.
Further information can be found on the Bolser website under: www.BolserPlc.com
For Information Contact:
Registered Office in England & Wales:
BOLSER PLC
Acre House
11-15 William Road
London NW1 3ER, United Kingdom
UK Company No. 05140206
Email: IR@BolserPLC.com
IR-Kontakt Deutschland:
Connecting Markets GmbH
Telephone: +49 (0)69 21 65 59 10
Fax: +49 (0)69 21 65 59 11
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B3BRH871">http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B3BRH871</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.