C2 to open Peru office, explores Argentina
Posted by
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at 11 August, 2009 14:57
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"All the solutions that C2 is working with are applicable beyond our border, so naturally our initial expansion will be to Peru because of the geographic proximity and the country's mining industry, which is expanding considerably," he said.
Bracco said that although the level of sales in Peru this year will not be relevant for C2's overall operations, within the next three to four years sales are expected to be similar to levels in Chile, where the company billed around US$15mn last year.
C2 started operating as an independent unit early last year, and has won contracts with several of the largest mining firms in Chile, including Codelco, BHP Billiton (NYSE: BHP), Antofagasta Minerals and Collahuasi.
In the long run, the company is also eyeing opportunities in Argentina, but according to Bracco, C2 is in an exploratory stage in the country. Parent company Coasin currently has an office in Argentina, a facility that C2 would eventually use as a base for doing business in the country.
According to the executive, the main demand from mining firms is related to the convergence of ICT and process automation.
"Their needs are related to combining these two worlds. And C2's focus is in the use of ICT in industrial processes," he added.
To provide these services, C2 has signed distribution agreements with Cisco (Nasdaq: CSCO), automation solutions provider Rockwell Automation and mining software developer Mincom.
