ICA Fluor Part of Joint Venture to Design and Build New Petrochemical
Complex in Mexico
IRVING, Texas -- October 04, 2012
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
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.
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.
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
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
100^th 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.
Keith Stephens, 469-398-7624
Brian Mershon, 469-398-7621
Ken Lockwood, 469-398-7220
Jason Landkamer, 469-398-7222
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