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OEC regained its backlog in 2021
01/19/2022
After years of shrinkage, OEC, the engineering arm of Novonor (formerly Odebrecht), has once again expanded its projects portfolio in 2021. The construction company is seen as the primary vehicle for resuming growth for the group, facing the largest judicial recovery ever carried out in the country. The "backlog" (work inventory) grew by approximately US$ 845 million last year.
The OEC had ended 2020 with US$ 2.74 billion worth of projects in its portfolio, an amount 20% lower than the previous year. With the construction company's restructuring process, the goal is to reach 2025 with a backlog of approximately US$ 4.25 billion.
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