Fluor Corporation (NYSE: FLR) announced today that its ICA Fluor
industrial engineering-construction joint venture with Empresas ICA,
S.A.B. de C.V. (BMV: ICA) (NYSE: ICA) was awarded an additional new $95
million contract by Pemex to develop the first phase of the overall
project to reconfigure the Miguel Hidalgo Refinery, located in Tula,
Hidalgo, Mexico. Fluor will book its $48 million share of the contract
in the third quarter of 2013.
ICA Fluor will be responsible for the basic and detailed engineering for
the process plants, auxiliary services and integration works required to
increase the refinery’s distillate production capacity from 63 to 80
percent.
This is the first phase of a mega-project announced by Pemex to increase
national production of higher value distillates through the reprocessing
of products such as gasoil (diesel). Pemex expects its total investment
to be approximately $3.5 billion.
“This project is a major step in the modernization of Mexico’s oil
processing facilities, and we are proud to be in the position to support
Pemex with Mexico-based engineering to advance the key goals set forth
in their strategic plan,” said Juan Carlos Santos Fernandez, director
general of ICA Fluor.
About ICA Fluor
ICA Fluor is the leading industrial engineering-construction company in
Mexico, dedicated to the engineering, procurement, construction and
maintenance of industrial facilities in the oil and gas, chemical,
petrochemical, automotive, power, mining, and telecommunication
industries.
About 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
For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered
with its clients to design, build and maintain many of the world's most
challenging and complex capital projects. Through its global network of
offices on six continents, more than 40,000 employees provide
comprehensive capabilities and world-class expertise in the fields of
engineering, procurement, construction, commissioning, fabrication,
operations, maintenance and project management. Today, the company
serves a global client base in the energy, chemicals, government,
industrial, infrastructure, operations & maintenance, manufacturing &
life sciences, mining, power and transportation sectors. Headquartered
in Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list and had
revenue of $27.6 billion in 2012. For more information, visit www.fluor.com
and follow us on Twitter at @FluorCorp.
Fluor CorporationMedia Relations:Keith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor Relations:Ken Lockwood, 469-398-7220orJason Landkamer, 469-398-7222