ICA Fluor Awarded Miguel Hidalgo Refinery Upgrade Contract in Mexico
18 November 2015 - 1:28PM
Business Wire
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.
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Fluor CorporationMedia RelationsBrian Mershon,
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Telfer, 469-398-7070orJason Landkamer, 469-398-7222