ICA Fluor Awarded Miguel Hidalgo Refinery Upgrade Contract in Mexico
19 November 2015 - 12:30AM
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