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2016-01-11

Empresas ICA, S.A.B. de C.V.: ICA Fluor to Build a US$1 Billion Dollar Refining Facility in Mexico

MEXICO CITY, Jan. 11, 2016 (GLOBE NEWSWIRE) -- ICA Fluor, the industrial
construction joint venture of Empresas ICA, S.A.B.
de C.V.
(BMV:ICA)
and
(NYSE:ICA)
and Fluor Corporation
(NYSE:FLR),
announced today that its ICA Fluor industrial engineering-construction joint
venture was authorized by Pemex Transformación Industrial (Pemex) to proceed
with the engineering, procurement and construction (Phase II) of the Madero
Clean Diesel project at the Madero Refinery in Tamaulipas, Mexico.

ICA Fluor will provide detailed engineering, procurement, construction,
commissioning and start-up services for two 25,000-barrel-per-day diesel
hydrodesulfurization trains and associated facilities. The project also
includes installation of new hydrogen, sulfur recovery and sour water
treatment plants; the revamp of the existing diesel hydrodesulfurization
unit, and offsites and utilities to integrate the new production facility
with the existing refinery. The project is scheduled to be completed in the
first quarter of 2018.

The project is part of Pemex's clean fuels program, its comprehensive
development and modernization program, and is designed to increase Mexico's
production of ultra-low sulfur diesel in accordance with applicable
environmental standards.

"We are very pleased with the performance of ICA Fluor, and this award by
Pemex demonstrates the trust and confidence in our joint venture to
successfully execute this very significant clean fuels project at the Madero
refinery," said Peter Oosterveer, Fluor's chief operating officer. "Fluor and
ICA Fluor remain fully committed to Pemex and our other clients in the
Mexican market."

This press release contains projections or other forward-looking statements
related to ICA that reflect ICA's current expectations or beliefs concerning
future events. Such forward-looking statements are subject to various risks
and uncertainties and may differ materially from actual results or events due
to important factors such as changes in general economic, business or
political or other conditions in Mexico, Latin America or elsewhere, changes
in capital markets in general that may affect policies or attitudes towards
lending to Mexico or Mexican companies, changes in tax and other laws
affecting ICA's businesses, increased costs, unanticipated increases in
financing and other costs or the inability to obtain additional debt or
equity financing on attractive terms and other factors set forth in ICA's
most recent filing on Form 20-F and in any filing or submission ICA has made
with the SEC subsequent to its most recent filing on Form 20-F. All
forward-looking statements are based on information available to ICA on the
date hereof, and ICA assumes no obligation to update such statements.

Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company. ICA
carries out large-scale civil and industrial construction projects and
operates a portfolio of long-term assets, including airports, toll roads,
water systems and real estate. Founded in 1947, ICA is listed on the Mexican
and New York Stock exchanges. For more information, visit ir.ica.mx.

ICA Fluor is the leading industrial engineering-construction company in
Mexico, dedicated to the engineering, procurement, construction and
maintenance of industrial facilities in the oil and gas, chemical,
petrochemical, automotive, power, mining and telecommunication industries.

Fluor Corporation (NYSE:FLR)
is a global engineering and construction firm that designs and builds some of
the world's most complex projects. The company creates and delivers
innovative and integrated solutions for its clients in engineering,
procurement, fabrication, construction, maintenance and project management on
a global basis. For more than a century, Fluor has served clients in the
energy, chemicals, government, industrial, infrastructure, mining and power
market sectors. Headquartered in Irving, Texas, Fluor ranks 136 on the
FORTUNE 500 list. With 40,000 employees worldwide, the company's revenue for
2014 was $21.5 billion. Visit Fluor at
www.fluor.com
and follow on Twitter
@FluorCorp.
For more information, please contact:

Elena Garcia
elena.garcia@ica.mx

Gabriela Orozco
gabriela.orozco@ica.mx

relacion.inversionistas@ica.mx
+(5255) 5272 9991 x 3608

In the US:
Daniel Wilson, Zemi Communications
+(1212) 689 9560
dbmwilson@zemi.com

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Empresas ICA, S.A.B. de C.V. via Globenewswire

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