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shipyard in Rio de Janeiro, and the Monotrilho (overground railway) and Rodoanel (a ring road) in So Paulo and the Oeste-Leste railway. It is important to highlight that there have been no cancelations, merely postponements in the timetable of the construction jobs that were included in our initial multi-year capex plan. As we have several partners making our equipment, we have the flexibility to adjust our capex plan according to the bidding schedules and the expected start-ups of the infrastructure and World Cup stadium construction jobs in Brazil. In the Industrial Services division, we plan to purchase traditional equipment, such as tubular steel structures, to meet the growing market demand, and new aluminum equipment, which, although more expensive, enables productivity gains in the assembling and dismantling of the access structures and should result in personnel cost savings. This item currently represents approximately 80% the costs of this division. Moreover, in 2011, a new branch of the Industrial Services division will be opened in Paraupebas (PA), given the business opportunities in the region.
In R$ millions
Heavy construction Jahu - Residential e Commercial Industrial Services Rental Corporation Total
This press release may include declarations about Mills expectations regarding future events or results. All declarations based upon future expectations, rather than historical facts, are subject to various risks and uncertainties. Mills cannot guarantee that such declarations will prove to be correct. These risks and uncertainties include factors related to the following: the Brazilian economy, capital markets, infrastructure, the real estate and oil & gas sectors, among others, and governmental rules that are subject to change without prior notice. To obtain further information on factors that may give rise to results different from those forecast by Mills, please consult the reports filed with the Brazilian Comisso de Valores Mobilirios (CVM).