ICA Fluor Daniel, the industrial engineering partnership of ICA (NYSE:
ICA) and Fluor Corporation (NYSE: FLR), announced today that it has been
awarded a contract by BASF Mexicana S.A. de C.V., to construct a new
plant for BASF's trade-marked Styrolux polymer. The plant will be
located in Altamira, Tamaulipas, Mexico and has a total investment cost
of nearly US$53 million.
ICA Fluor Daniel's 21-month contract includes detail engineering,
procurement services, construction, and assistance to commissioning and
performance test.
Styrolux is the trademark for the BASF range of thermoplastic
styrene-butadiene co-polymers, characterized by its combination of high
transparency, brilliance and impact resistance. Styroloux can be
extruded, thermoformed and injection molded into a variety of
high-quality products for a variety of uses, particularly in the area of
food packaging.
"This project gives us the opportunity to establish a long-term
relationship with BASF, one of the world leaders in the chemical
industry," said Jorge Borja, general director of ICA Fluor Daniel and
executive vice-president of ICA. "We will be providing them with
integrated engineering, procurement and construction services that meet
the highest international standards for quality, safety and technology.
I am proud that BASF is placing its confidence in ICA Fluor Daniel in
order to carry out its expansion and plant improvement plans in Mexico."
BASF, headquartered in Germany, is one of the world's leading chemical
companies, with 2000 sales of EUR 36 billion and 103,000 employees.
BASF's solutions for the markets for the future are one of its
particular strengths, ensuring cost leadership and a unique competitive
advantage.
ICA Fluor Daniel is owned by ICA and Fluor Daniel, the engineering,
procurement, and construction unit of the Fluor Corporation. ICA Fluor
Daniel is the leading industrial engineering company in Mexico,
dedicated to the engineering, procurement, and construction of
telecommunication installations and chemical, petrochemical, automotive,
refinery, and electricity generation plants.
Empresas ICA Sociedad Controladora, S.A. de C.V. (NYSE: ICA; Mexico) is
Mexico's largest construction and EPC company, with over 50 years
experience in all areas of civil and industrial construction throughout
Latin America. ICA has specialized engineering subsidiaries in Spain
(Rodio) and Argentina (CPC). ICA also develops real estate and builds
affordable housing, and operates services under government concession
contracts.
Fluor Corporation provides services on a global basis in the fields of
engineering, procurement, construction, operations, maintenance, project
management and business services. Headquartered in Aliso Viejo,
California, Fluor is a Fortune 500 company with revenues of $10 billion
in fiscal year 2000. Fluor is a publicly held corporation that trades
under the symbol FLR on the New York Stock Exchange. Complete
information about Fluor is available through the company's Internet site
at www.fluor.com.
For further information, please contact Lisa Boyette, Corporate
Communications, +1-949-349-3652, or Lila Churney, Investor Relations,
+1-949-349-3909, both of Fluor Corporation.
Lisa Boyette, Corporate Communications, +1-949-349-3652, or Lila Churney, Investor Relations, +1-949-349-3909, both of Fluor Corporation.