Five Consortiums Bid For Work On $504 Million Mexican Petrochem Plan
May 14 2009 - 3:51PM
Dow Jones News
Five consortiums of engineering and construction firms have
placed bids for a project to double capacity at Mexico's Cangrejera
petrochemicals complex, said Petroleos Mexicanos on Thursday.
Pemex expects to invest $63 million in 2009 and a total of $504
million over the next three years to build three plants and double
paraxylene capacity to 488,000 tons a year at Cangrejera. Pemex
said it will announce a winner on May 25.
The consortiums include ICA Fluor, a joint venture of Mexico's
Empresas ICA (ICA) and Fluor Corp. (FLR). The Cicsa construction
unit of Mexican conglomerate Grupo Carso SAB (GCARSO.MX) also
teamed up with SNC-Lavian Inc. to place a bid.
Spanish construction company Actividades de Construccion y
Servicios SA (ACS.MC) also placed a bid through its Dragados
Industrial subsidiary. Local firm Senermex Ingenieria joined this
consortium.
OHL Industrial and Inelectra North America teamed up to place a
bid. Tecnimont and its local unit, Tecnimont Mexico, also placed a
bid.
-By Peter Millard; Dow Jones Newswires; 5255-5001-5724;
peter.millard@dowjones.com