Fluor Corporation (NYSE: FLR) and Brazil’s Construcap announced today
that the companies held an open house at its new joint venture office in
Sẵo Paulo attended by notable client company executives and dignitaries
as well as numerous Fluor and Construcap top executives. Earlier this
summer, Fluor and Construcap formed CFPS Engenharia e Projetos, S.A., to
pursue engineering, procurement and construction management services in
Brazil. Construcap has been active in the Brazilian market for nearly 70
years and is one of Brazil’s largest engineering, procurement and
construction companies serving the industrial, commercial and heavy
civil markets. CFPS Engenharia e Projetos links Construcap’s notable
growing and sustained presence in Brazil with Fluor’s project execution
leadership and global resources. Both companies are committed to
providing technology and human resources to CFPS focused on bringing
improved project performance and predictability to enhance our Brazilian
clients’ growth and profitability.
“Fluor’s 100 years of engineering, procuring, constructing and
maintaining successful projects on six continents combined with
Construcap’s leadership role in Brazil is a winning combination for our
clients and shareholders as well as the communities in which we work,”
said David Seaton, Fluor’s chairman and CEO. “Today’s event and positive
response from important Brazil-based executives gives testimony to the
valued services Construcap together with Fluor will bring to Brazil’s
growth and continued development.”
The new office for CFPS Engenharia e Projetos will initially house about
200 professionals and will be located at the following address:
CFPS Engenharia e Projetos, S.A.
Avenida Francisco Matarazzo, 1.400
Ed.
Milano - 13° Andar - Agua Branca - Sẵo Paulo
“The recently-formed CFPS Engenharia e Projetos combines the common
cultures of Fluor and Construcap into a formidable entity to provide
world-class sustainable project services to Brazil clients,” said
Roberto Capobianco, president of Construcap. “We believe that clients in
the oil, gas, chemicals and petrochemicals industries as well as the
burgeoning industrial, power and mining industries will benefit from the
combined strengths of our new entity.”
About Construcap
Construcap is a privately-held Brazilian construction company founded in
1944. It serves a number of industries including oil & gas,
infrastructure, power, mining & metals, automotive & manufacturing.
Construcap had 2011 revenue of US$1.4 billion with 12,000 employees. Its
success is based on a continuous development process and in
technological innovation with a constant concern about social
responsibility and respect for the environment. For more information,
visit www.construcap.com.br.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the
world's most challenging and complex projects. Founded in 1912, the
company was started by John Simon Fluor Sr. with a modest investment of
$100. Since those humble beginnings, the company has grown into one of
the largest engineering & construction companies in the world. Fluor is
celebrating its 100th anniversary during 2012.
Today, through its global network of offices on six continents, the
company provides comprehensive capabilities and world-class expertise in
engineering, procurement, construction, commissioning, operations,
maintenance and project management. Headquartered in Irving, Texas,
Fluor is a FORTUNE 200 company and had revenue of $23.4 billion in 2011.
For more information, visit www.fluor100.com
and www.fluor.com.
Fluor CorporationMedia RelationsKeith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor RelationsKen Lockwood, 469-398-7220orJason Landkamer, 469-398-7222