Toniolo, Busnello expects 11% revenue increase in 2011

Wednesday, February 23, 2011

Brazilian construction company Toniolo, Busnello expects to see its total revenue grow by 11% in 2011, company director Humberto César Busnello told BNamericas.

The company's forecast for 2011 is slightly lower than 2010, when revenues grew by 18% compared with the previous year.

"Our long-term contracts provided us with steady work throughout the year and were the main factors that contributed to this growth," the executive said in a recent interview.

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Brazil's construction sector boomed during 2010, with sales of construction materials up 10.6% for the year. The pace is expected to drop slightly during 2011, with construction materials industry association Abramat forecasting 9% growth.

Founded in 1945, Toniolo, Busnello is involved in construction of tunnels, highways, railways, airports, sanitation systems, mining facilities, hydroelectric plants and dams, among others.

The full interview with Humberto César Busnello will be published in this week's Infrastructure Perspectives, for subscribers only.