Fluor Corporation (NYSE: FLR) announced today that AMECO, its integrated
mobile equipment and tool solutions unit, has formed a 70/30 joint
venture with Mitsui & Co. (USA), Inc. The joint venture will be called
AMECO Colombia, S.A.S., and will integrate the company’s proven
equipment and execution services strategies with Mitsui’s longstanding
experience and presence in Colombia.
AMECO also has a solid presence in Latin America with strong business in
Chile, Peru, Panama and Mexico, along with projects in other locations.
A new stronghold in Colombia will allow both AMECO and Mitsui to expand
their collective footprint in the oil and gas industry.
“This project has been in the works for a long time, and Mitsui is a
very complementary partner,” said Tracey Cook, AMECO’s vice president of
global operations. “Mitsui brings numerous existing business
relationships in Colombia as well as marketplace knowledge that will
prove to be invaluable. Both companies share common values and unique
vision for the development and execution of services to our clients.”
Colombia offers a wide variety of opportunity in the oil and gas and
mining industries due to the expansion of mining areas and improvements
in public safety and infrastructure. AMECO will bring its expertise in
people, practices and asset management to the region together with its
industry leading safety programs and commitment to regional
sustainability to assist Colombia and its neighboring countries’
economic growth.
Mitsui has been operating in Colombia for more than 55 years, bringing
regional knowledge and expertise to the development of this joint
venture. They have been instrumental in the development of the
machinery, infrastructure, steel, chemicals, energy and minerals
marketplaces in Colombia.
About AMECO
AMECO, a unit of Fluor Corporation (NYSE: FLR), is the world's leader in
integrated mobile equipment and tool solutions and has provided a wide
range of services to construction, mining, government and industrial
markets across the globe for over 65 years. The company is focused on
three primary businesses: operations fleet services, construction site
services and equipment distribution. Headquartered in Greenville, South
Carolina, AMECO has office locations throughout the Americas and South
Africa, as well as project locations all over the globe. For more
information, visit www.ameco.com.
About Mitsui USA
Mitsui USA was incorporated in 1966 in New York as a wholly owned
subsidiary of Mitsui & Co., Ltd., Tokyo, Japan, one of the most
diversified and comprehensive trading, investment and service
enterprises in the world, with 148 offices in 67 countries as of August
1, 2013. Mitsui is multilaterally pursuing business that ranges from
product sales, worldwide logistics and financing, through to the
development of major international infrastructure and other projects in
the following fields: Iron & Steel Products, Mineral & Metal Resources,
Infrastructure Projects, Integrated Transportation Systems, Chemicals,
Energy, Food Resources, Food Products & Services, Consumer Service, and
Innovation & Corporate Development. Mitsui USA aspires to meet the needs
of its customers as “Your Global Business Partner®,” while remaining
committed to sustainable growth and good corporate citizenship. More
information on Mitsui USA may be found at www.mitsui.com/us.
About Fluor Corporation
For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered
with its clients to design, build and maintain many of the world's most
challenging and complex capital projects. Through its global network of
offices on six continents, more than 41,000 employees provide
comprehensive capabilities and world-class expertise in the fields of
engineering, procurement, construction, commissioning, fabrication,
operations, maintenance and project management. Today, the company
serves a global client base in the energy, chemicals, government,
industrial, infrastructure, operations & maintenance, manufacturing &
life sciences, mining, power and transportation sectors. Headquartered
in Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list and had
revenue of $27.6 billion in 2012. For more information, visit www.fluor.com
and follow us on Twitter at @FluorCorp.
Copyright Business Wire 2013