(Finance) – Palingeuma company listed on Euronext Growth Milan and active in the geotechnical and geognostics sectors, has signed a new contract with the Società Appalti Lavori e Costruzioni – SALCSpA, for the execution of specialist foundation works as part of the project for the construction of the motorway junction between the A/4 motorway and Val Trompia, Ospitaletto – Sarezzo section, Concesio – Sarezzo section (Brescia).
The works, of value total of approx 4.2 million eurosinclude the provision and maintenance of the necessary equipment, the transport of the equipment from the warehouse to the construction site, the execution of vertical drilling for the formation of columns of consolidated soil with jet grouting technology, the re-drilling for the installation of tubular reinforcement, the sub horizontal drilling for the formation of stranded tendons, the compilation of daily reports and the drafting of Quality Control Plans.
The new contract strengthens the order book of Palingeo, now equal to approximately 96.5 million euros with a time horizon that goes beyond mid-2026, which represents a new historical record.
“We are extremely satisfied to contribute to the development and improvement of the infrastructures of Val Trompia, we are committed to ensuring that the works are carried out with the highest quality and safety standards and the use of cutting-edge technologies – commented the CEO Leonardo Spada – Thanks to our strong know-how, recognized by stakeholders, we are able to add value to our order book and increasingly strengthen our company’s business model. Palingeum looks to the future with confidence with consolidated experience and a commercial pipeline that adds to our successes, projecting us towards new goals and growth opportunities”.
(Photo: Scott Graham on Unsplash)