Spain Readies Investments in Mexico

Spain readies investments in Mexico


Business - Sunday, March 20, 2011 (10:42 hrs)

•The construction company is also looking OHL Brazil and Chile

The online Financial

Madrid, 20 marzo.-OHL construction group maintains its commitment to Latin America, a region that generates 84% ​​of its gross operating profit (EBITDA), and places emphasis on Brazil, Mexico, Chile, Peru and Colombia, "big five countries" in seeking to build, operate and finance transport infrastructure.

In an interview, company president, Juan Miguel Villar Mir, emphasized that OHL is a growing international company, a "way of life bound" by the shortfall experienced by the infrastructure market in Spain.

Villar Mir is OHL stresses that "the seventh concession of the world and first in Latin America" ​​in the business of infrastructure concessions.

In the Brazilian market, the group has 3 000 226 kilometers of toll roads in operation, "most of which have any Brazilian company" and above "all the miles of toll highways in Spain," says Villar Mir.

In Mexico, OHL is "the largest investor in infrastructure, particularly in toll roads and airports."

The group builds toll roads in Chile and Peru, while Colombia elects to several contracts.

Villar Mir said that Brazil and Mexico are "the two countries for the group in Latin America, where OHL is the first Spanish construction firm with subsidiaries listed on stock exchange in Sao Paulo and Mexico City.

"With the importance of investments, I would forever be considered Brazilian, in addition to Spanish, and OHL is considered to be forever in Brazil a Brazilian company," says the entrepreneur.

The Spanish company grouped the concession of highways in the country was in a company, OHL Brasil, which went public in 2005 and which participates with 60% along with other Brazilian partners. Currently the number of dealerships OHL in Brazil reaches nine.

"Today we have 6,000 people working in OHL Brasil, all national, there is not a single Spanish," said the president.

Subsequently, in November 2010, OHL performed the same operation in Mexico, with the release of OHL Mexico, where the group controls 70% of the capital.

"I like to be considered Mexican in Mexico, since my commitment to this country is absolutely permanent, unlimited time," he recalls.

According to Villar Mir, the two countries are part of the emerging group, which has best withstood the global financial crisis, unlike developed countries.

At this point, remember that global growth exceeded 4% in 2010, making it the fourth best year in the last three decades, thanks to the boost from emerging countries like China (9%), India (8%) Brazil (7%) and Mexico (6%). (With information from agencies / REL)

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