ICA Fluor, the industrial engineering and construction company jointly
owned by Fluor Corporation (NYSE: FLR) and Empresas ICA Sociedad
Controladora (NYSE: ICA), today announced it signed a lump sum contract
with Indelpro, the leading polypropylene production company subsidiary
of Alpek, for detailed engineering, construction, procurement and
pre-commissioning services of a second line of polypropylene (PP) and
the revamping of the existing propylene splitter. The project value for
ICA Fluor is $108 million.
Located in Altamira, Tamaulipas, Mexico, the new plant will be one of
the largest and most modern facilities of its kind in the world, using
the Spherizone technology by Basell. The main raw material used to
produce polypropylene is propylene (monomer), a gas obtained from the
primary processing of petroleum, which by chemical reactions is
transformed into a polymer. The project has a target completion date in
December 2007.
Indelpro is a joint venture company between Alpek, the petrochemical arm
of ALFA, the Mexican industrial company, and Basell Polyolefins
(formerly Montell), a worldwide leader in the technology and production
of polypropylene. Indelpro is located in Altamira Tamaulipas, Mexico,
where it operates a polypropylene plant with a current production
capacity of 240,000 tons per year.
ICA Fluor is the leading industrial engineering company in Mexico,
dedicated to the engineering, procurement, construction and maintenance
of industrial facilities in the oil and gas, chemical, petrochemical,
electricity, automotive, mining and telecommunication industries.
Empresas ICA was founded in 1947. ICA's principal lines of business are
construction and engineering; housing; and infrastructure operations,
including airports, toll roads, and municipal services. For more
information please visit http://www.ica.com.mx
.
Fluor Corporation provides services on a global basis in the fields of
engineering, procurement, construction, operations, and maintenance and
project management. Now headquartered in Irving, Texas, Fluor is a
FORTUNE 500 company with revenues of $13.2 billion in 2005. For more
information, visit http://www.fluor.com.
Keith Stephens / Steve Roth
Media Relations
469.398.7624 /
469.398.7623 tel
Ken Lockwood / Jason Landkamer
Investor Relations
469.398.7220
/ 469.398.7222 tel
media relations, Keith Stephens, +1-469-398-7624, or SteveRoth, +1-469-398-7623, or investor relations, Ken Lockwood, +1-469-398-7220,or Jason Landkamer, +1-469-398-7222, all of Fluor Corporation//Web site: http://www.fluor.comhttp://www.ica.com.mx /