ICA Fluor to Build a US$1 Billion Dollar Refining Facility in Mexico
(Thomson Reuters ONE) -
MEXICO CITY, Jan. 11, 2016 (GLOBE NEWSWIRE) -- ICA Fluor, the industrial
construction joint venture of Empresas ICA, S.A.B. de
C.V. (BMV:ICA) and (NYSE:ICA) and Fluor Corporation (NYSE:FLR), announced today
that its ICA Fluor industrial engineering-construction joint venture was
authorized by Pemex Transformación Industrial (Pemex) to proceed with the
engineering, procurement and construction (Phase II) of the Madero Clean Diesel
project at the Madero Refinery in Tamaulipas, Mexico.
ICA Fluor will provide detailed engineering, procurement, construction,
commissioning and start-up services for two 25,000-barrel-per-day diesel
hydrodesulfurization trains and associated facilities. The project also includes
installation of new hydrogen, sulfur recovery and sour water treatment plants;
the revamp of the existing diesel hydrodesulfurization unit, and offsites and
utilities to integrate the new production facility with the existing refinery.
The project is scheduled to be completed in the first quarter of 2018.
The project is part of Pemex's clean fuels program, its comprehensive
development and modernization program, and is designed to increase Mexico's
production of ultra-low sulfur diesel in accordance with applicable
environmental standards.
"We are very pleased with the performance of ICA Fluor, and this award by Pemex
demonstrates the trust and confidence in our joint venture to successfully
execute this very significant clean fuels project at the Madero refinery," said
Peter Oosterveer, Fluor's chief operating officer. "Fluor and ICA Fluor remain
fully committed to Pemex and our other clients in the Mexican market."
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 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 (at)FluorCorp.
For more information, please contact:
Elena Garcia
elena.garcia(at)ica.mx
Gabriela Orozco
gabriela.orozco(at)ica.mx
relacion.inversionistas(at)ica.mx
+(5255) 5272 9991 x 3608
In the US:
Daniel Wilson, Zemi Communications
+(1212) 689 9560
dbmwilson(at)zemi.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) 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#1977812]
Datum: 11.01.2016 - 13:00 Uhr
Sprache: Deutsch
News-ID 443412
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