OHL Group Annual Report - Grupo Villar Mir

2010 OHL Group Annual Report
Moreover, in New York, OHL USA has become the strategic partner and principal
shareholder of the New York construction company Judlau Contracting, holding
50.10% of its capital.
UNITED STATES
The construction industry in the United States is promising, despite the fact that the
latest surveys taken by the prestigious construction sector journal ENR consider that
it will take another 18 months to recover from the crisis. This publication, through
a survey of over 3,000 US companies conducted in Q4, shows that the confidence
index rose to 43 points - as compared to the 32 points of the previous quarter- on a
scale of 100, with 50 indicating a stable market. Despite the forecasts for recovery in
the middle term, OHL USA has continued with its stable growth strategy through its
local companies.
Northeast Region
In 2010, the OHL Group entered the construction market of the State of New York
through its strategic alliance with the local construction company Judlau Contracting,
Inc. Through its incorporation into the shareholder structure of this company as
a strategic partner, OHL has reinforced the financial and technical capacity of
Judlau Contracting, which will now compete in major civil engineering projects and
infrastructure development within a public-private collaboration scheme, extending
its sphere of action from New York to other US states.
Likewise, in addition to the Northeast region and Canada, the Group, under the
responsibility of this region, has begun business development activities and project
exploration in the Western part of the US, specifically in the State of California.
Significant Activities
Among the most significant activities taking place in 2010 in this region and in other
US states under its responsibility, mention must be made of the opening of offices
in New York and Los Angeles. In the summer of 2010, OHL USA opened its New York
office to formally initiate the operation of the new Group division, OHL USA Northeast
and Canada. After the New York office was set up, in September a representation office
of OHL USA was opened in Los Angeles, in an aim to study the West coast market,
especially the states California and Washington.
The incorporation of the company Judlau Contracting into the Group is another
significant milestone. In November, OHL USA joined the shareholder structure of
this New York company which, in its 27-year history, has gained extensive recognized
In New York, Judlau
Contracting has participated
in the construction of the East
Side Access, among other
projects.
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