SOMEC/ Signed $45 million contract for new Rolex New York headquarters

Milano, 8 novembre 2021 (LF) - Somec, a company listed on the Euronext Milan market and specialized in the engineering and implementation of complex turnkey projects in civil and naval engineering, through its subsidiary Fabbrica LLC, has acquired a new contract worth $45 million for the development of the exterior façade of Rolex's headquarters on Fifth Avenue in New York, with work starting in the second half of 2022 and delivery scheduled for the first quarter of 2023.  

Specifically, Fabbrica will work on the design, fabrication, and installation of aluminum-clad glazing (more than 16 feet high) in the ground-floor atrium and the fit-out of the entire exterior façade for an area of approximately 13 thousand square feet with high-performance double-pane glazing and built-in sunshades. The historic building, which has occupied the corner of 5th Avenue and 53rd Street since 1970, will be redesigned by renowned British architect David Chipperfield to become a 32-story tower consisting of five stacked cubes, whose size will gradually shrink as they grow upward and will house not only the new Rolex boutique but also many offices. The project wants to achieve a LEED Platinum rating, certifying a high standard in environmental and sustainable design. For Fabbrica LLC, this is the second-largest contract by value since the company was born.  With this new order, the orders acquired by Somec since the beginning of the year rise to 197 million euros, while the Group's total backlog has reached a record value of 826 million euros as of June 30, 2021. Oscar Marchetto, Chairman of Somec Group, commented: "With this new order we confirm that the Group has the skills and the solidity to compete at international level and work on complex and high-level projects in the world of luxury, proposing innovative solutions able to meet the high-quality standards required by the industry leaders. Somec is ready to contribute to the development of the U.S. market full of opportunities and in constant growth, even in the wake of the infrastructure plan announced by President Biden. We are honored to have been chosen by a brand like Rolex, which has recognized in us the skills, values, and attention we pay to the quality of construction that we transfer in every single project.