ICA Fluor Awarded Miguel Hidalgo Refinery Upgrade Contract in Mexico
19 November 2015 - 12:30AM
MEXICO CITY, Nov. 18, 2015 (GLOBE
NEWSWIRE) -- ICA Fluor, the industrial
construction joint venture of Empresas ICA, S.A.B. de
C.V. (BMV:ICA) (NYSE:ICA) and Fluor Corporation (NYSE:FLR), announced
today that 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.
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 competitivity," 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.
This press
release contains projections or other forward-looking statements
related to ICA that reflect ICA's current expectations or beliefs
concerning future events. Such forward-looking statements are
subject to various risks and uncertainties and may differ
materially from actual results or events due to important factors
such as changes in general economic, business or political or other
conditions in Mexico, Latin America or elsewhere, changes in
capital markets in general that may affect policies or attitudes
towards lending to Mexico or Mexican companies, changes in tax and
other laws affecting ICA's businesses, increased costs,
unanticipated increases in financing and other costs or the
inability to obtain additional debt or equity financing on
attractive terms and other factors set forth in ICA's most recent
filing on Form 20-F and in any filing or submission ICA has made
with the SEC subsequent to its most recent filing on Form 20-F. All
forward-looking statements are based on information available to
ICA on the date hereof, and ICA assumes no obligation to update
such statements.
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.ir.ica.mx
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.
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.
For more information, please contact:
Elena Garcia
elena.garcia@ica.mx
Gabriela Orozco
gabriela.orozco@ica.mx
relacion.inversionistas@ica.mx
+(5255) 5272 9991 x 3608
Gabriel de la Concha
gabriel.delaconcha@ica.mx
Chief Financial Officer
In the US:
Daniel Wilson, Zemi Communications
+(1212) 689 9560
dbmwilson@zemi.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Empresas ICA, S.A.B. de C.V. via
Globenewswire
HUG#1967571