Fluor Corporation (NYSE: FLR) announced today that ICA Fluor, the
industrial engineering partnership of Fluor and Empresas ICA (NYSE:
ICA), is part of the joint venture that was awarded a multi-billion
dollar engineering, procurement and construction contract by Braskem
Idesa. The joint venture company, which includes Odebrecht, Technip and
ICA Fluor, will design and build the new Etileno XXI petrochemical
complex in the Mexican state of Veracruz. Fluor will book approximately
$275 million into backlog in the fourth quarter of 2012.
The new petrochemical complex will include a 1 million ton-per-year
ethylene cracker and two high density polyethylene plants. The joint
venture project team will utilize several operating centers around the
world to execute the project.
ICA Fluor was part of the team that performed front-end engineering for
the offsites and facilities during 2011.
About Braskem Idesa
Created in 2010, Braskem Idesa is a joint venture between Braskem SA
(Brazil), the largest petrochemical company in the Americas and Grupo
Idesa, a leading Mexican petrochemical company. Together they are
developing the Etileno XXI project, which focuses on the construction
and operation of a petrochemical complex to produce polyethylene in the
state of Veracruz, Mexico. The project requires an investment of $3
billion dollars and will start operating in 2015. Visit www.braskem.com.mx.
About Odebrecht
Odebrecht is a global organization founded in Brazil in 1944 as a
construction company. It grew, diversified its business areas and
nowadays has been operating in heavy construction, infrastructure,
environmental engineering, real estate development, energy, oil and gas,
chemical and petrochemical sectors, defense and technology, naval
construction, bioenergy, transportation and logistics, stakes and
investments. With operations in 22 countries in four continents,
Odebrecht has products sold in 56 countries, and employees of over 50
different nationalities.
About TECHNIP
Technip is a world leader in project management, engineering and
construction for the energy industry. From the deepest Subsea oil & gas
developments to the largest and most complex Offshore and Onshore
infrastructures, our 30,000 people are constantly offering the best
solutions and most innovative technologies to meet the world’s energy
challenges.
Present in 48 countries, Technip has state-of-the-art industrial assets
on all continents and operates a fleet of specialized vessels for
pipeline installation and subsea construction. Technip shares are listed
on the NYSE Euronext Paris exchange and the USA over-the-counter (OTC)
market as an American Depositary Receipt (ADR: TKPPK).
About ICA Fluor
ICA Fluor is a joint venture of Fluor Corporation and ICA, dedicated to
the engineering, procurement, construction and maintenance of industrial
facilities in the oil and gas, chemical, petrochemical, automotive,
power, mining, and telecommunication industries in Mexico, Central
America and the Caribbean.
About Empresas ICA
Empresas ICA, S.A.B. de C.V. is Mexico's largest construction and
infrastructure operations company. Founded in 1947, ICA’s principal
lines of business are civil and industrial construction and engineering;
infrastructure operations, including airports, toll roads, and water
systems; and homebuilding. For more information visit www.ica.com.mx/ir.
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