Fluor
Corporation (NYSE: FLR) announced today that ICA Fluor, its
industrial engineering and construction joint venture with Empresas ICA,
S.A.B. de C.V. (BMV and NYSE: ICA), signed a contract with Pemex
Transformacion Industrial to supply detail engineering, procurement and
construction (EPC) services for the utilities and offsites that are part
of the Tula Refinery upgrade at Hidalgo, Mexico. The total contract
value is $1.1 billion. Fluor will book its $550 million contract share
in the fourth quarter of 2015.
This contract results from the joint efforts of Pemex Transformacion
Industrial (formerly Pemex Refinacion) and ICA Fluor to continue with
the modernization process of the Tula Refinery.
“This project is a major step to increase Pemex’s competitiveness,” said
Juan Carlos Santos Fernandez, director general of ICA Fluor. “We are
proud to be in the position to support them in the development of the
strategic projects required by the country, providing Mexican
engineering and construction resources.”
Once the upgrade project is completed, the refinery’s processing
capacity will increase from 315,000 barrels per day to 340,000 barrels
per day.
The project’s mechanical completion is scheduled for the second quarter
of 2018.
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 and integrated 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 136 on the FORTUNE 500 list.
With 40,000 employees worldwide, the company's revenue for 2014 was
$21.5 billion. Visit Fluor at www.fluor.com
and follow on Twitter @FluorCorp.
Fluor CorporationMedia RelationsBrian Mershon, 469-398-7621orBrett Turner, 864-281-6976orInvestor RelationsGeoff Telfer, 469-398-7070orJason Landkamer, 469-398-7222