CCDI at the Stock exchange - Credit: Carlos Kipnis

2007

JANUARY

Camargo Corrêa Desenvolvimento Imobiliário (CCDI) in partnership with Cyrela, acquires a 12 thousand square meter area on Paulista Avenue, city of São Paulo for R$ 125 million. This was once the site of the famous Vila Matarazzo, demolished on the initiative of the former owners in 1996.

On January 31, Camargo Corrêa Desenvolvimento Imobiliário’s (CCDI) shares begin trading on the São Paulo Stock Exchange (Bovespa). The Initial Public Offering involving the issue of 36 million shares raises R$ 521.9 million.

Camargo Corrêa Metais is sold to Globe Specialty Metals Inc., a US manufacturer of silicon metals and alloys.

Transpetro, Petrobras’ supply chain arm, chooses Estaleiro Atlântico Sul – led by Camargo Corrêa, together with a group comprising Queiroz Galvão and Aker Promar – to build ten Suezmax class oil tankers. The contract, which is part of the Fleet Modernization and Expansion Program, is signed on January 31.

On January 31, the first turbine at the Campos Novos Hydroelectric Power Plant begins operations. The plant, located in the west of the state of Santa Catarina, is to supply 300 MW to the South and the Southeast regions. Camargo Corrêa heads the construction consortium as well as having a stake in the project through the intermediary of CPFL.

FEBRUARY

On February 2, a consortium of Camargo Corrêa and Skanska Brasil begins work on the Cubatão Thermoelectric Power Plant in the state of São Paulo. In 2009, the operation will begin supplying 280 MW and 415 tons of steam per hour to the neighboring Petrobras Presidente Bernardes Refinery.

The Nestlé distribution center and plant are inaugurated on February 9 in Feira de Santana (BA). The Constructions and Buildings business unit concluded the work in seven months.

The diversion of the Porce River in Colombia takes place on February 15, a decisive stage in the construction of the Porce III Hydroelectric Power Plant. The plant will have a 600 MW capacity as from 2010 and is being constructed by a consortium led by Camargo Corrêa with the Colombian companies, Conconcreto and Coninsa.

The Infrastructure business unit of Construtora Camargo Corrêa signs a R$ 190 million contract with Minerações Reunidas Brasileiras S.A. (MBR), part of the Vale do Rio Doce, group, for executing electromechanical assembly services at the Itabiritos Project in the state of Minas Gerais. Following the completion of this investment, MBR will increase its output of iron ore by 10 million tons annually.

The second turbine at the Campos Novos HPP goes into operation on February 27.

Loma Negra brings kiln number 2 back into operation at the Barker plant for the production of clinker. The equipment had been moth-balled since the Argentine economic crisis of 2001.

In consortium with Promon Engenharia and MPE Montagens, Camargo Corrêa signs a contract with the Henrique Lage Refinery (Revap) in São José dos Campos (SP) to project, construct and assemble a petroleum coke hydrotreatment plant (HDT), a hydrogen generation unit (UGH) and two acid water recovery units (URAs).

MARCH

The first meeting of Camargo Corrêa group’s social investment teams is held. At the event, projects from the Camargo Corrêa Institute, Alpargatas Institute, Loma Negra Foundation and Santista/Tavex are presented.

In partnership with the construction company Santa Bárbara, Construções e Comércio Camargo Corrêa starts work on the Vila Viva project contracted by Belo Horizonte city government. By December 2008, the Aglomerado da Serra community in the state capital will receive a revitalized district, with the urbanization of roads and side streets, canalized watercourses, restored headwater areas, construction of leisure areas and a residential housing project with more than 1,200 units.

Camargo Corrêa and Ancap, the state-owned Uruguayan petroleum company, announces a joint investment of US$ 130 million for the installation of a cement plant in Uruguay. The unit will begin production in the first quarter of 2009, reaching a maximum annual capacity of 1 million tons annually two years later.

APRIL

On April 12, CPFL Energia announces the acquisition of a controlling stake in CMS Energy Brasil S.A. for R$ 429 million, CPFL increasing its customer base by 180 thousand in 18 municipalities – 15 in upstate São Paulo and three in the state of Minas Gerais.

The Camargo Corrêa Institute (ICC) delivers an environmental sanitation project prepared by the Camargo Corrêa’s CNEC Engenharia to Ijaci city government, state of Minas Gerais. ICC invested R$ 371 thousand in the municipality, paving the way for the local government authorities to tap funding from various financial sources to execute the work.

On a voluntary basis, the Constructions and Buildings business unit manages the restoration work on the Bom Jesus Seminary in Aparecida (SP), where weeks later Pope Benedict XVI would be a guest on his first trip to Brazil.

MAY

On May 31, Industry Day, CAVO Serviços e Meio Ambiente receives the title of Company of the Year in Socio-environmental Responsibility. The award is sponsored by the Universidade Tecnológica Federal do Paraná (UTFPR).

JUNE

Tavex invests US$ 62 million in the acquisition of the buildings and machinery of Acotex, in the cities of Puebla and Tlaxcala in Mexico.

The Jauense Business Center is inaugurated on June 15, a space originally occupied by Companhia Jauense Industrial. At an initial investment of R$ 5 million, the project houses up to 40 industries of various sizes in an area of more than 130 thousand square meters of industrial buildings.

On June 17, Camargo Corrêa Desenvolvimento Imobiliário (CCDI) launches Águas de Março, an urbanistic project inspired by the life and work of composer Antônio Carlos Jobim.

The unveiling of Alpargatas’ activities in New York on June 27 is marked by an exhibition at the Time Warner Center. In the same month, the company features in 49th place in the ranking of the 500 largest in the sector according to the Anuário Exame do Agronegócio, and the best in the Textile and Apparel sector, with 60% of the Brazilian market in truck covers, according to the same source.

JULY

On July 5, the Deodoro Complex is inaugurated – the work of Camargo Corrêa‘s Constructions and Buildings unit. Between July 13 and 29, this complex will be the venue for various events in the Pan-American Games - archery competitions, field hockey, equestrian sports, modern pentathlon (pistol shooting, epée fencing, freestyle swimming, show jumping and distance running) as well as two sporting contests for the Parapan-American Games.

Instituto Camargo Corrêa (ICC) joins the Institutes, Foundations and Companies group (GIFE), the members of which practice private social investments for public purposes through social, cultural and environmental projects.

The Engineering and Construction (E&C) area divides the Infrastructure business unit into two: Infrastructure - Brazil and Infrastructure - International. At the same time, the Corporate E&C unit is also set up, encompassing the Finance and Planning division and the Engineering and Management division.

The new corporate denomination of Camargo Corrêa Transportes (CCTrans) is Camargo Corrêa Investimentos em Infra-estrutrura (CCII). The company thus holds stakes in Companhia de Concessões Rodoviárias (CCR) and Concessionária do Estacionamento do Aeroporto de Congonhas (SP), SAOParking, and incorporates Camargo Corrêa Energia (CCE), which participates indirectly in the control of CPFL Energia, through VBC Energia. The new company is also a partner in the hydroelectric power plants of Estreito (the Maranhão/ Tocantins state divide), Salto Pilão (SC) and Serra do Facão (GO).

Novelis of Pindamonhangaba (SP) presents CAVO with the Company Excellence Award for its high performance in the Occupational Safety and Health for Outsourced Companies system. Based on Novelis’ evaluation, the company reported an average of 98.26 points in the three preceding months.

Santista Têxtil’s Santista Workwear, a subsidiary of Tavez in South America, collects a series of awards during the month. It is rated the best brand of fabrics for uniform in the Work Safety Sector in a survey undertaken by Revista CIPA of 540 professional categories from 24 economic sectors. It is awarded the Brazil Brand prize for which Trio International Distinction polled 230 thousand consumers and also wins the Top Seven Brazil award for sector leadership during seven consecutive years.

Again in this month, a further phase of the Jurubatuba Highway Complex is opened in Pedreira, in São Paulo. The work involves the conclusion of Miguel Yunes Avenue, that will link Interlagos and Nossa Senhora do Sabará avenues, and access to Vitorino Goulart Bridge.

AUGUST

August 07, 2007 - Alpargatas gets the first place in Award Melhores e Maiores, from Exame Magazine, in the Clothing and Textile industry.

Alpargatas appears on the ranking of the 100 most valuable brands in Brazil, at the 64th position, with its brand valued at R$ 567 million.

August 13, 2007 – For the second consecutive time, Alpargatas was awarded the Valor 1000, organized by the newspaper Valor Econômico.

August 29, 2007 – Loma Negra was elected the best company in the Construction category by Fortuna magazine, one of the most important publications in Argentine business.

August 30, 2007 – CCDI enters the real estate development and construction market with housing dedicated to the low-income segment by purchasing 51% of HM Engenharia e Construções.

SEPTEMBER

September 20, 2007 – Alpargatas signs an agreement to acquire 100% of the capital of Companha Brasileira de Sandálias (CBS), owner of the brand Dupé and others, for R$ 49.5 million.

September 20, 2007 – Camargo Corrêa Institute (ICC), in collaboration with Camargo Corrêa Cimentos, launches Ideal Childhood Program in Pedro Leopoldo city (Minas Gerais state), where one of the factories of Cauê is.

September 24, 2007 – Usiminas enters the Dow Jones Sustainability Index.

September 26, 2007 – Project “Arquitetura de Morar”, from Camargo Corrêa Desenvolvimento Imobiliário (CCDI), won the Master Imobiliário Awards, the most important award of the Brazilian real estate sector.

September 28, 2007 – Camargo Corrêa Cimentos completes the purchase of 50% of the common shares of Companhia Brasileira de Concreto (CBC), belonging to Concrepav. With this, Cauê owns 100% of CBC.

Tavex South America, represented by Santista Workwear, consolidates its leadership as the best brand of professional uniforms on the Brazilian ranking.

Usiminas was the first metallurgy company in Latin America and the second company in Brazil to obtain certification of compliance for its product range (heavy plates, hot rolled, cold rolled, and coated) with the European RoHS directive.

Camargo Corrêa was second place on the 10th edition of special ranking “The companies most admired in Brazil” in “Heavy Construction” and “Construction and Real Estate Development Companies”.

OCTOBER

October 10, 2007 – São Paulo Alpargatas informs the São Paulo Stock Exchange (Bovespa) and the Securities and Exchange Commission (CVM) that it has signed a contract with Newbridge Latin America, LP, Longbar Argentina, Columbia/HCA Master Retirement Trust, OCM Opportunities Fund II L.P. and other shareholders for acquiring 34.5% of the capital of Argentine company Alpargatas S.A.I.C., for USD 51.7 million.

October 11, 2007 – Usiminas entered the Level 1 of Distinctive Corporate Governance Practices by Bovespa – (São Paulo Stock Exchange).

Usiminas obtained an ELV seal (End of Life Vehicles), for automotive steel.

October 25, 2007 – Camargo Corrêa received, for the first time, the Citizen Company Seal Awards, granted by the Municipal Chamber of São Paulo.

October 29, 2007 – Santista Têxtile, a Tavex subsidiary in the Southern Cone, received the award "Most Admired Companies in Brazil", made from a partnership between Carta Capital magazine and TNS InterScience.

NOVEMBER

November 08, 2007 – Alpargatas completed the purchase of Dupé.

Camargo Corrêa appears among the 200 largest business groups of Brazil in 2006, holding the 38th position, according to the special edition of “Grandes Grupos Valor – 200 Maiores”, from Valor Econômico newspaper, based on the companies’ gross revenue.

DECEMBER

December 03, 2007 – The high-scale business enterprise “Ventura Corporate Towers”, from Tishman Speyer and Camargo Corrêa Desenvolvimento Imobiliário (CCDI), received the Master Imobiliário 2007 Awards – the most important awards of Rio de Janeiro – promoted by the Association of Directors of Real Estate Companies (Ademi).

December 13, 2007 – Company Camargo Corrêa Investimento em Infra-estrutura, together with Unique Swiss company, manager of Zurich airport, and the Chilean company  IDC signed a joint venture for the creation of A-port, a company that will work on the airport sector in Latin America and Caribbean.

Camargo Corrêa SA appears on the 9th position of the Ranking of Brazilian Transnational Companies 2007, according to a survey conducted by the Nucleus of International Business Fundação Dom Cabral.