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TheStreet Open House

Fluor And Brazil’s Construcap Hold Open House In Sẵo Paulo In Support Of New Joint Venture CFPS Engenharia E Projetos

Stocks in this article: FLR

Fluor Corporation (NYSE: FLR) and Brazil’s Construcap announced today that the companies held an open house at its new joint venture office in Sẵo Paulo attended by notable client company executives and dignitaries as well as numerous Fluor and Construcap top executives. Earlier this summer, Fluor and Construcap formed CFPS Engenharia e Projetos, S.A., to pursue engineering, procurement and construction management services in Brazil. Construcap has been active in the Brazilian market for nearly 70 years and is one of Brazil’s largest engineering, procurement and construction companies serving the industrial, commercial and heavy civil markets. CFPS Engenharia e Projetos links Construcap’s notable growing and sustained presence in Brazil with Fluor’s project execution leadership and global resources. Both companies are committed to providing technology and human resources to CFPS focused on bringing improved project performance and predictability to enhance our Brazilian clients’ growth and profitability.

“Fluor’s 100 years of engineering, procuring, constructing and maintaining successful projects on six continents combined with Construcap’s leadership role in Brazil is a winning combination for our clients and shareholders as well as the communities in which we work,” said David Seaton, Fluor’s chairman and CEO. “Today’s event and positive response from important Brazil-based executives gives testimony to the valued services Construcap together with Fluor will bring to Brazil’s growth and continued development.”

The new office for CFPS Engenharia e Projetos will initially house about 200 professionals and will be located at the following address:

CFPS Engenharia e Projetos, S.A.Avenida Francisco Matarazzo, 1.400Ed. Milano - 13° Andar - Agua Branca - Sẵo Paulo

“The recently-formed CFPS Engenharia e Projetos combines the common cultures of Fluor and Construcap into a formidable entity to provide world-class sustainable project services to Brazil clients,” said Roberto Capobianco, president of Construcap. “We believe that clients in the oil, gas, chemicals and petrochemicals industries as well as the burgeoning industrial, power and mining industries will benefit from the combined strengths of our new entity.”

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