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Successful strategic repositioning in Brazil

Successful strategic repositioning in Brazil

CIS registers the first effects of its action plan in Brazil.

Leader in offshore catering in Brazil with uninterrupted presence for 14 years, at the end of 2013 CIS Group initiated a major reorganization of its subsidiary, involving in particular the formation of a new management team, a repositioned policy with respect to offerings and redefined capital investment plans.

This new strategy resulted in a record renewal at 30/06/2014 of 14 contracts for amounts totalling US$22 million, demonstrating the general satisfaction by all customers of the Group in the services provided.

CIS Brazil also signed two new contracts for US$11 million in the period with the oil and gas industry services Group, SBM Offshore and the Brazilian energy Group, Petrobras for whom CIS has become the leading catering services provider.

The spearhead of Group operations in Latin America, with a top-tier logistics base in Macaé, more than 1,200 employees and ISO 9001 and ISO 22000 certifications, CIS Brazil is well-positioned to support mining and industrial developments of this country expected to become the world's 5th largest economy by 2020.