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Backbone
of the Angolan construction industry, Geotécnica has extensive
experience in public works.
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With
cranes thrusting skywards on practically every street corner, a cursory
look around Luanda makes it clear that Angola is a country under construction.
For over two decades, state-owned company Geotécnica-UEE has
been extensively involved in that field and can point to many successes
in the areas it has earmarked as its niches of specialization.
These include soil and sub-soil analysis, the consolidation and stabilization
of building sites and foundation work on large-scale projects such as
dams, tunnels and bridges. They also custom design and build concrete
support elements for high-rise structures and the struts that carry
horizontally extended networks such as aqueducts, phone and power lines.
"It's not an easy area of specialization because we have to go
in and complete our part of the job before the first brick gets laid.
It costs other people money if we take too long, so we often have to
marshal our resources to tackle one major project at a time," says
the company's general manager, Elviro Pimentel de Matos Machado
Jr.
But years of experience have led to a mutually rewarding working relationship
with some of the most exacting civil engineering and construction firms
operating in Angola including Brazil's Odebrecht and Teixera Duarte
of Portugal.
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ELVINO
PIMENTEL DE MATOS MACHADO Jr.
General Manager, Geotécnica-UEE
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He
thinks his firm also stands a good chance of landing the tender for
foundation work for the new corporate headquarters of Sonangol, the
state petroleum company.
In his view though, Geotécnica's most significant accomplishment
has perhaps been in maintaining, stabilizing and consolidating its accounts
without any help from the government. "We have been financially
autonomous ever since we were founded in 1980.
The other important distinction that sets Geotécnica apart is
that it is an all-Angolan firm, not just the work crews, but managers,
engineers and technical staff as well. The idea now is to gear up for
privatization in hopes of attracting the kind of owner with the means
and technical wherewithal to further expand the scope of Geotécnica's
product line, as at present, its specialized line of work means the
Angolan government is its biggest customer.
The
ideal formula, says Mr. Machado, would see 70% of the company's shares
going to foreign stakeholders, 20% to Angolan domestic interests and
10% to a single strategic investor. That would allow Geotécnica
to diversify into pavement and surfaceslaying down the parking
lots and sidewalks for a building while the foundation work is underwaywith
a new ownership structure, new capitalization and fresh injection of
technical expertise.
