Fluor & Construcap form Brazil joint venture

Fluor Corporation has formed a new joint venture called CFPS Engenharia e Projetocs, S.A. with Sao Paolo, Brazil-based Construcap to pursue engineering, procurement and construction management projects in the country. Construcap is one of Brazil’s largest construction companies for the industrial, commercial and heavy civil markets and has had a presence in the market in Brazil for almost 70 years.
The joint venture will combined Construcap’s presence in Brazil with Fluor’s project execution leadership and will involve the pursuit of new capital projects for oil, gas and chemical markets, power generation, life sciences, automotive and other manufacturing industries. Financial details of the joint venture have not been 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.”
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