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27 June 2022 The on-line newspaper devoted to the world of transports 11:09 GMT+2

June 21, 2022

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Fagioli has established a 50:50 joint venture with the Australian Monadelphous

The aim is to exploit the opportunities of the expected growth of the Australian market in particular in the sectors oil & gas, mining and infrastructure

The Italian Fagioli, a company specialized in transport, worldwide lifting and handling of exceptional loads, announced the establishment of Alevro, a joint venture equal with the Australian construction giant Monadelphous. The new company, based in Perth, state of Western Australia, was created by the two companies with the aim of jointly carrying out projects of lifting and exceptional transport in Australia in sectors in strong growth such as oil & gas and mining, as well as to the sector of large civil and infrastructural works.

Fagioli highlighted that in the next five years, in fact, in Australia is expected to boom in new projects both in the mining sector (in particular for the creation of new mines of lithium, cobalt and other rare earths, increasingly needed to fuel the growing green revolution and to enable Western countries to diversify the sources of supply of these minerals), both in oil & gas (for the construction of new LNG export terminals), for a total of more than 80 billions of euros. Fagioli specified that the partnership with the Monadelphous group will facilitate the access of the company Italian to a vast number of projects otherwise hardly reachable due to the high barriers to entry for the foreign operators. Monadelphous, on the other hand, will be able to count on the unique engineering capabilities of the Fagioli Group and on the numerous and qualified references by the large EPCs (Engineering, Procurement and Construction) contractor international, for which he contributed to the realization of projects of extraordinary engineering complexity.

In the development plans, Fagioli foresees in the next three years to double revenues in the Asia Pacific area.

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