ULTRAPAR PARTICIPAÇÕES S.A.
Publicly Traded Company
CNPJ nº 33.256.439/0001- 39
NIRE 35.300.109.724
MARKET ANNOUNCEMENT
Ultrapar announces its investment plan for 2012
São Paulo, December 15th, 2011 – ULTRAPAR PARTICIPAÇÕES S.A. (“Ultrapar”) announces its investment plan for 2012, approved by the Board of Directors.
Ultrapar’s investment plan for 2012, excluding acquisitions, amounts to R$ 1,088 million and aims at growth through increased scale and productivity gains, as well as modernization of existing operations.
Organic investment plan¹ for 2012
|
R$ million
|
Ultragaz
|
157
|
Ipiranga
|
775
|
Oxiteno
|
83
|
Ultracargo
|
51
|
Others²
|
21
|
Total
|
1,088
|
1 Net of disposals
2 Includes mainly RPR and corporate IT services
|
|
At Ultragaz, investments will be mainly dedicated to (i) the expansion of UltraSystem (small bulk), due to the perspective of capturing new clients, (ii) the construction of two new facilities and purchase of LPG bottles, focusing on strengthening its presence in the Northeast and North regions of Brazil and (iii) the replacement of bottles and tanks.
At Ipiranga, investments will be focused in the expansion of its service stations (through the opening of new gas stations and the conversion of unbranded service stations) and franchises network, as well as the construction of new facilities, mainly in the Midwest, Northeast and North regions of Brazil. Out of Ipiranga’s total investment budget, R$ 715 million refer to additions to property, plant, equipment and intangible assets, and R$ 60 million refer to financing to clients, net of repayments.
At Oxiteno, the reduction in investments reflects the conclusion of an important expansion cycle in 2011. The budgeted investments will be mainly directed to the maintenance and modernization of its plants.
Ultracargo will direct its investments to the conclusion of the expansions of the Santos and Aratu terminals, which will add 68,000 cubic meters to the company’s storage capacity and will start up in mid-2012, and for the maintenance of its terminals.
André Covre
Chief Financial and Investor Relations Officer
Ultrapar Participações S.A.