Brazil-based CFPS Engenharia e Projetos, S.A. to pursue engineering, procurement and construction management projects
Fluor Corporation (NYSE: FLR) announced today that it has formed a new
joint venture with Sẵo Paulo-based Construcap, called CFPS Engenharia e
Projetos, S.A., to pursue engineering, procurement and construction
management (EPCM) projects in Brazil. Construcap has been active in the
Brazilian market for nearly 70 years and is one of Brazil’s largest
construction companies serving the industrial, commercial and heavy
civil markets. The joint venture, CFPS Engenharia e Projetos, will link
Construcap’s notable growing and sustained presence in Brazil with
Fluor’s project execution leadership. Financial terms of the joint
venture were not disclosed.
“With CFPS, Fluor will strengthen its global footprint in Brazil thereby
adding to its Latin America network of offices to support the region’s
growing market development needs,” said David Seaton, Fluor’s chairman
and CEO. “Our vision for CFPS is to offer clients in Brazil world-class,
safe and sustainable services from feasibility studies all the way to
complete EPCM services. We believe this new team will improve and enable
our clients’ project and operational objectives as well as provide value
for our shareholders, employees and the Brazilian communities.”
“We are very pleased to have Fluor as our CFPS’s partner,” said Roberto
Capobianco, president of Construcap. “Brazilian clients will benefit
greatly from this newly-formed engineering capacity to provide
world-class quality and efficiency standards.”
Construcap and Fluor will combine to provide structured technology
process transfer and human resources to CFPS to bring improved project
performance and predictability to Brazilian clients. The joint venture
will include the pursuit of new capital projects for oil, gas and
chemicals markets, new power generation, life sciences, automotive and
other manufacturing industries.
About Construcap
Construcap is a privately-held Brazilian construction company founded in
1944. It serves a number of industries including oil & gas,
infrastructure, power, mining & metals, automotive & manufacturing.
Construcap had 2011 revenue of US$1 billion with 12,000 employees. Its
success is based on a continuous development process and in
technological innovation with a constant concern about social
responsibility and respect for the environment. For more information,
visit www.construcap.com.br.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the
world's most challenging and complex projects. Founded in 1912, the
company was started by John Simon Fluor Sr. with a modest investment of
$100. Since those humble beginnings, the company has grown into one of
the largest engineering & construction companies in the world. Fluor is
celebrating its 100th anniversary during 2012.
Today, through its global network of offices on six continents, the
company provides comprehensive capabilities and world-class expertise in
engineering, procurement, construction, commissioning, operations,
maintenance and project management. Headquartered in Irving, Texas,
Fluor is a FORTUNE 200 company and had revenue of $23.4 billion in 2011.
For more information, visit www.fluor100.com
and www.fluor.com.
Fluor CorporationMedia Relations:Keith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor Relations:Ken Lockwood, 469-398-7220orJason Landkamer, 469-398-7222