Andrade Gutierrez is a Brazilian private multinational conglomerate headquartered in Belo Horizonte. The company was founded in 1948, in Belo Horizonte, Minas Gerais by the Andrade and Gutierrez families. As of 2013, Andrade Gutierrez is the second largest construction company in Brazil with branches in 44 countries and a net income of 8 billion BRL. Andrade Gutierrez has three separate divisions: AG Engenharia (Construtora Andrade Gutierrez), which engages in engineering and construction; AG Concessões, which handles public projects, concessions and utilities; and AG Telecom, which provides telecommunication services. Ricardo Sena serves as president of Andrade Gutierrez. History Early history Andrade Gutierrez founded on September 2, 1948, in Belo Horizonte, Minas Gerais, by three engineers: Gabriel and Roberto Andrade and their friend Flávio Gutierrez. It began as Andrade Gutierrez S.A., a small construction company. The company constructed its first interstate engineering work, the Rio de Janeiro-Belo Horizonte highway, in the 1950s. It also participated on the construction of the Castelo Branco highway, in São Paulo. Castelo Branco later became a reference of highway engineering. In the late 1950s, the company benefited from the modernization plans of the president Juscelino Kubitschek, and it expanded its area of operation to different Brazil states. In the 1960s, the group built the Manaus-Porto Velho road, which spans 850 kilometers. In the 1970s, Andrade Gutierrez built the Itaipu Hydroelectric Power Plant one of the greatest hydroelectric power plants of the world. Expansion during the 1980s In the 1980s, during the "lost decade", Andrade Gutierrez expanded its area of performance within Brazil and into the international market. The company's international expansion focused primarily on Latin America, Africa and Europe. AG built its first international road in 1987. The road spanned 120 kilometers and connected the cities Epena, Impfondo and Dongou, all of which are located in the Republic of the Congo. Andrade Gutierrez's first work in Latin America was a 150-kilometer stretch of the Chimoré-Yapacani road in Bolivia for the Servicio Nacional de Caminos. Following Andrade Gutierrez's work in Bolivia, the company completed projects in Central America, including the Nassau International Airport in the Bahamas. In 1987, Andrade Gutierrez bought Zagope, a Portuguese company. Through its Zagope subsidiary, the company built roads, bridges and viaducts in Portugal and Mauritania. The company was also responsible for the extension of the Lisbon subway, which started in 1992. Zagope is one of the most important companies in Portugal. Andrade Gutierrez