Bloomberg News

Martifer Is Bidding for More Soccer Stadiums in Brazil, CEO Says

September 30, 2011

Sept. 30 (Bloomberg) -- Martifer SGPS SA, a Portuguese manufacturer of metal structures for stadiums and windmills, is bidding for contracts to build more athletic facilities in Brazil ahead of soccer’s 2014 World Cup.

Martifer won a 15-million euro ($20 million) contract this month to build metal structures for a stadium in Salvador da Bahia -- one of 12 venues being built for the tournament -- and is “competing for other stadiums,” Chief Executive Officer Jorge Martins said in an e-mailed response to questions. The Oliveira de Frades-based company may take part in other infrastructure projects as well, said Martins.

Martifer is seeking other construction projects, “sport or non-sport related, and is in talks with several groups to be able to expand its order book in the short term,” said Martins.

Brazil has budgeted $20.6 billion to construct roads, stadiums, airports and other projects required to host soccer’s most-watched event, Ilan Goldfajn, chief economist of Itau Unibanco Holding SA, said on July 28.

Martifer is building a 12 million-euro factory in Sao Paulo, to support its expansion in the region, Martins said.

--Editors: Robert Valpuesta, David Risser.

To contact the reporter on this story: Henrique Almeida in Lisbon at halmeida5@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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