ARCADIS Project Wins in the U.S. Buildings Market.Business Editors ARNHEM, Netherlands--(BUSINESS WIRE)--July 24, 2002 ARCADIS (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on ; ARCAF, EURONEXT: ARCAD) announced today that it has been awarded over $8 million in new contracts for its Buildings Division located in Detroit, Michigan “Detroit” redirects here. For other uses, see Detroit (disambiguation). Detroit (IPA: [dɪˈtʰɹɔɪt]) (French: Détroit, meaning strait . This new work is in two contracts: one for Hyundai Motor Company The Hyundai Motor Company, a division of the Hyundai Kia Automotive Group, is South Korea's largest and the world's sixth largest Automaker.[1] Its headquarters are in Seoul, South Korea. ; and one for DENSO International America, Inc. Work on both contracts is expected to start this summer. The Hyundai contract is for the design of the company's new automotive production plant in Montgomery, Alabama Montgomery is the capital and second most populous city of the U.S. state of Alabama and the county seat of Montgomery County. Montgomery is notable for its historic involvement during the Civil War, for being the first capital of the Confederacy, and for being a primary site in . The $1 billion U.S. facility includes approximately two million square feet of assembly plant, body shop, engine plant, stamping plant, paint shop and office facilities. This will be the first Hyundai plant built in the U.S. The DENSO contract is a design-build assignment for the modification of existing lab space to accept a new test cell. DENSO is a leading supplier of advanced automotive technology Noun 1. automotive technology - the activity of designing and constructing automobiles automotive engineering engineering, technology - the practical application of science to commerce or industry , systems and components for all the world's major automakers. The work is to be done at the DENSO facilities located in Southfield, Michigan Southfield is a city in Oakland County of the U.S. state of Michigan. It is a suburb of Detroit and is part of the metro Detroit area. As of the 2000 census, the city had a total population of 78,296. Southfield Township is adjacent to the city on the north side. . The sales, marketing and demonstration facilities at this complex were originally designed by ARCADIS in the late 1980s. The manufacturing buildings market has experienced a significant slow down in the past year. After a flat first quarter 2002, ARCADIS saw both the number and volume of requests for proposals increase during the second quarter, culminating in these $8 million in contract awards during June 2002. Asked to comment on the recent wins, Steve Blake, member of the Executive Board for ARCADIS and overseeing the North and South American activities of the firm stated: "We are very pleased with our Buildings Division's success in winning these very important contracts and these orders should form a good basis for improved utilization of our U.S.-based buildings sector for the second half of 2002." ARCADIS is a leading, global, knowledge-driven service provider, active in the fields of infrastructure, buildings, environment and communications. With client success central to our total business approach, we fulfill project or program needs from concept to completion and beyond. Together, we generate EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 800 million in annual revenues. There are 8,000 of us, results-oriented people, continually investing in our skills to maximize value while creating viable solutions that assure your success. DENSO International America, Inc. serves as North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. headquarters for Japan-based DENSO Corporation. Worldwide, the company employs 87,000 people in 30 countries with consolidated sales for fiscal year ended March 31, 2002 totaling US$18.1 billion. In North America, DENSO employs 14,000 people at 26 companies. Consolidated sales for the Americas (North, Central and South America) totaled US$4.8 billion for fiscal year ended March 31, 2002. Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Those risks include, among others, risks associated with possible changes in environmental legislation and risks with regard to the Company's ability to acquire and execute projects. These are other risks are described in ARCADIS' filings with the Securities and Exchange Commission over the last 12 months, copies of which will be available from the SEC or may be obtained upon request from the Company. Visit us on the Internet: www.arcadis-global.com |
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