DGAP-News: ICA Fluor to Build Vinyl Chloride Monomer Plant in Mexico
(firmenpresse) - Empresas ICA, S.A.B. de C.V.
16.10.2013 23:16
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MEXICO CITY, 2013-10-16 23:15 CEST (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 the
signing of a contract with Petroquimica Mexicana de Vinilo (PMV), a joint
venture between Mexichem, the leading Mexican petrochemical company, and Pemex,
Mexico's state-owned oil and gas company, for the revamp of the vinyl chloride
monomer (VCM) plant located within the Pajaritos petrochemical complex, in
Veracruz, on the Gulf of Mexico. The total contract value is approximately
US$205 million.
ICA Fluor will be responsible for the engineering, procurement, construction,
maintenance and commissioning services of the works to bring the VCM facility
to its nameplate capacity of 405,000 tons per year from its current close to
200,000 tons per year. The project is planned to be completed in the fourth
quarter of 2015.
This revamp project will correct problems that have prevented the plant to
reach its nameplate capacity. Petroquimica Mexicana de Vinilo is a flagship
joint venture between Pemex and Mexichem, and reaching the plant's production
potential is a central element in its business plan.
This press release may contain 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.
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.
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
Fluor Corporation. For more than 100 years, Fluor Corporation (NYSE:FLR) has
partnered with its clients to design, build and maintain many of the world's
most challenging and complex capital projects. Through its global network of
offices on six continents, more than 40,000 employees provide comprehensive
capabilities and world-class expertise in the fields of engineering,
procurement, construction, commissioning, fabrication, operations, maintenance
and project management. Today, the company serves a global client base in the
energy, chemicals, government, industrial, infrastructure, operations&maintenance, manufacturing&life sciences, mining, power and transportation
sectors. Headquartered in Irving, Texas, Fluor ranks 110 on the FORTUNE 500
list and had revenue of $27.6 billion in 2012. For more information, visit
www.fluor.com and follow us on Twitter at (at)FluorCorp.
CONTACT: Ana Paulina Rubioana.rubio(at)ica.mxElena Garciaelena.garcia(at)ica.mxRebeca
Avalosrebeca.avalos(at)ica.mxrelacion.inversionistas(at)ica.mx(5255) 5272 9991
ext.3608Gabriel de la Concha, CIOgabriel.delaconcha(at)ica.mxVictor Bravo,
CFOvictor.bravo(at)ica.mxIn the United States:Daniel Wilson, Zemi
Communications(1212) 689 9560dbmwilson(at)zemi.com
News Source: NASDAQ OMX
16.10.2013 Dissemination of a Corporate News, transmitted by DGAP -
a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Empresas ICA, S.A.B. de C.V.
Mexico
Phone:
Fax:
E-mail:
Internet:
ISIN: US2924482068
WKN:
End of Announcement DGAP News-Service
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Datum: 16.10.2013 - 23:16 Uhr
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News-ID 306556
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