Brucutu Mine - Credit: Eduardo Simoes

2005

In January, Camargo Corrêa Suriname N.V. is constituted with registered offices in Paramaribo. This is yet one more step towards the group’s internationalization, the Engineering and Construction area already working on various projects in Latin America. Examples: the Chiclayo–Chongoyape and Matachico–Huancayo road links in Peru; the Raul Leone-Guri Hydroelectric Power Plant in Venezuela; the Patacamaya–Tambo Quemado Highway in Bolivia; and the San Fernando sewage treatment plant in Medellín in Colombia.

A debenture issue on February 3 raises R$ 360 million for Camargo Corrêa Cimentos. These resources will be used to double the company’s capacity within five years.

On March 8, Usiminas Mecânica concludes the production of the metallic structures for the road-rail bridge across the Orinoco River in Venezuela.

On April 19, the Camargo Corrêa group concludes the largest transaction in its history – the acquisition of Loma Negra, the leading cement manufacturer in Argentina. The deal worth US$ 1.025 billion allows Camargo Corrêa Cimentos to double its installed capacity much ahead of plan: the total number of plants rises from five to 14 and output makes a quantum leap from 2.7 million to 5.7 million tons annually.

On August 17, the Corporate Identity project begins.

The Brucutu iron ore mine in São Gonçalo do Rio Abaixo (MG) is the venue for the largest electro-mechanical assembly operation in the history of Camargo Corrêa. More than 39 thousand tons are assembled and about 1.4 million meters of electric cable installed.