Odebrecht may exit Peru contracts

Brazilian contractor Odebrecht may withdraw from its current contracts in Peru. The firm had planned to continue operating in Peru but is now considering withdrawing. Odebrecht has hit a series of troubles in Peru due to the complex political situation as well as allegations over improper business practices. The firm is looking to sell off the contracts that it holds in Peru at present and has already dispensed with some operations in the country.
March 9, 2017 Read time: 1 min
Brazilian contractor 1305 Odebrecht may withdraw from its current contracts in Peru. The firm had planned to continue operating in Peru but is now considering withdrawing. Odebrecht has hit a series of troubles in Peru due to the complex political situation as well as allegations over improper business practices. The firm is looking to sell off the contracts that it holds in Peru at present and has already dispensed with some operations in the country.
Road Structures

For more information on companies in this article

Related Content

  • Breaking with Indeco hammers
    April 16, 2018
    Contractor New Hampshire Rock Reduction is using hydraulic hammers from Indeco for rock breaking and excavation duties. The firm says that it selected these units so as to optimise productivity and has used the breakers in quarrying as well as site development applications. Located in the northeast corner of the US, New Hampshire is one of the country’s smallest states. Noted for a rocky terrain, New Hampshire’s geology includes a heavy presence of metamorphic, especially igneous, rock formations, which yi
    Read More
  • The March of the Urban Low-emission Zone
    April 17, 2018
    Europe’s political patchwork is getting a low-emission zone overlap, according to Malcolm Kent* By now, pretty much everybody in the industry will be aware of the Low Emission Zone in London, UK. But awareness of similar European zones about to start or expand might be more patchy. The background to all of these schemes is the problem of air quality, particularly European Union rules setting limits on acceptable pollution levels. It was found some years ago that several member states’ cities, including
    Read More
  • The use of telematics in construction machines is growing
    May 20, 2015
    Demand for telematics technology is growing, as equipment users begin to lean the value of these systems – Alan Dron reports With construction projects increasingly operating to wafer-thin profit margins, any technological assistance that can keep the accounts in the black is welcome. This is particularly the case with those projects where contractors can share a larger slice of the profits if they complete their work ahead of schedule. The downside, of course, is that they also share the pain if the
    Read More
  • Quarry operators improve on productivity
    February 13, 2012
    With capital expenditure plans being reduced, many quarry operators are using the funds available to improve on productivity with their existing equipment fleets. Claire Symes reports. The economic downturn has had a big impact on the aggregates production sector with many quarry operators looking to reduce costs and rationalise operations. The impact of this can be seen in the reduction of capital expenditure plans but the investments that are being made are focused on efficiency.
    Read More

Highlighted Content