Fluor Corporation (NYSE: FLR) announced that its ICA Fluor industrial
engineering-construction joint venture with Empresas ICA, S.A.B. de C.V.
(BMV and NYSE: ICA) signed a contract with Pemex Refinación for the
construction of the delayed coker unit that will be installed at the
Miguel Hidalgo Refinery in Tula, Hidalgo, Mexico. The total contract
value is $1.3 billion, and Fluor will book its $650 million share of the
contract in the fourth quarter of 2014.
ICA Fluor was
awarded a contract for Phase I of the Residue Recovery Project for
the Miguel Hidalgo Refinery in 2013. This Phase II contract involves
providing detailed engineering, procurement and construction (EPC)
services for the 86,000-barrels-per-day capacity plant. It is the first
package to be converted to the EPC stage under the open book established
in the Phase I contract. The mechanical completion of the project is
scheduled for the second quarter of 2018.
“This project is a major step in the modernization of Mexico’s oil
processing facilities,” said Juan Carlos Santos Fernandez, director
general of ICA Fluor. “We are proud to be in the position to support
Pemex with our Mexican engineering and construction resources to advance
the key goals set forth in its strategic plan.”
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 infrastructure company.
ICA carries out large-scale civil and industrial construction projects
and operates a portfolio of long-term assets, including airports, toll
roads, water systems, and real estate. Founded in 1947, ICA is listed on
the Mexican and New York Stock exchanges. For more information, visit www.ica.com.mx/ir.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering and construction
firm that designs and builds some of the world's most complex projects.
The company creates and delivers innovative solutions for its clients in
engineering, procurement, fabrication, construction, maintenance and
project management on a global basis. For more than a century, Fluor has
served clients in the energy, chemicals, government, industrial,
infrastructure, mining and power market sectors. Headquartered in
Irving, Texas, Fluor ranks 109 on the FORTUNE 500 list. With more than
40,000 employees worldwide, the company's revenue for 2013 was $27.4
billion. Visit Fluor at www.fluor.com
and follow on Twitter @FluorCorp.
Fluor CorporationMedia RelationsBrian Mershon, 469-398-7621orEric Krantz, 281-263-6030orInvestor RelationsKen Lockwood, 469-398-7220orJason Landkamer, 469-398-7222