Hightex Group PLC Update on Brazilian projects (9836W)
February 04 2013 - 2:00AM
UK Regulatory
TIDMHTIG
RNS Number : 9836W
Hightex Group PLC
04 February 2013
4 February 2013
Hightex Group plc
("Hightex" or "the Group")
Update on Brazilian projects
Hightex Group, a leading systems engineering company, which
designs, fabricates and installs large area, cable supported,
lightweight membrane roofs and façades worldwide is pleased to
announce that it has successfully completed on schedule the
installation of the supporting cable system at the at the Maracanã
Stadium in Rio de Janeiro, Brazil, that will host the final of the
FIFA 2014 World Cup and the opening and closing ceremonies of the
2016 Olympics. Hightex will now immediately start work on the
installation of the membrane structure of the roof over the
Maracanã Stadium. The stadium is set for completion during early
2013 ahead of it hosting the FIFA Confederations Cup in June
2013.
The Group's other Brazilian active projects, namely the
installation of the membrane roof projects at the Beira-Rio Stadium
in Porto Alegre and the Arena das Dunas in Natal, both of which
will be used for FIFA 2014, remain on track.
Hightex's contracted revenues for 2013, from contracts secured
to date, are approximately EUR16.4 million.
Frank Molter, Chief Executive Officer, commented:
"We look forward to completing the membrane roof of the iconic
Maracanã stadium that will be in the global spotlight over the next
three years throughout the Confederations Cup, FIFA 2014 and the
2016 Olympics. Hightex is delighted once again to have been
recognized for its unique technical excellence in designing,
fabricating and installing large membrane and cable structure
projects for signature stadiums. We look forward to building on the
significant traction we have gained in Brazil both within the
region and with our pipeline globally".
For further information:
Hightex Group plc
Charles DesForges, Executive Chairman Tel: +44 (0) 20 7603
1515
Frank Molter, Chief Executive Officer www.hightexworld.com
FinnCap
Geoff Nash/Henrik Persson - Corporate Tel: +44 (0) 20 7600
Finance 1658
Simon Starr - broking www.finncapitalmarkets.com
Hudson Sandler
Charlie Jack
Charlie Barker Tel: +44 (0) 20 7796
4133
Notes to Editors
Hightex Group is a leading systems engineering company, which
designs, fabricates and installslarge area, light weight membrane
roofs and façades worldwide. The membranes are typically used in
roofs and façades for sporting stadiums and arenas; airport
terminals; train stations; shopping malls and other buildings. This
type of structure is a competitive alternative to glass as it is
cheaper, lighter in weight so that it can span larger areas., and
safer as well as being flexible to create complex shapes. Hightex
uses environmentally friendly materials and is focussed on
innovative technology and coatings, which help to reduce a
building's energy costs.
Hightex, one of only two international companies to design and
install these structures worldwide, has been involved in the
construction of a number of very high profile buildings including
the Olympic Stadium in Kiev, venue for the final of Euro 2012, the
first retractable membrane cushion roof at BC Place, the Cape Town
Stadium and the roof of the FNB Stadium in Johannesburg built for
the 2010 FIFA World Cup, the Wimbledon Centre Court retractable
roof, the Burj al Arab Hotel in Dubai and the roof of the
Suvarnabhumi International Airport in Bangkok.
The global market for membrane structures is estimated by the
Hightex directors to approach around EUR350 million a year, and is
growing as a result of the demand for energy efficient buildings
and the popularity and cyclical nature of sporting events, which
give rise to a continuing need for upgraded and new buildings and
stadiums.
Headquartered in Bernau, Germany the Group employs approximately
45 people and is listed on the AIM market of the London Stock
Exchange (LSE: HTIG). Further information on Hightex Group plc can
be found at www.hightexworld.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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