Fluor Teams with Brazil's Construcap for New Joint Venture
Fluor Corporation (NYSE: FLR) announced today that it has formed a new joint venture with Sẵo Paulo-based Construcap, called CFPS Engenharia e Projetos, S.A., to pursue engineering, procurement and construction management (EPCM) projects in Brazil. Construcap has been active in the Brazilian market for nearly 70 years and is one of Brazil's largest construction companies serving the industrial, commercial and heavy civil markets.
The joint venture, CFPS Engenharia e Projetos, will link Construcap's notable growing and sustained presence in Brazil with Fluor's project execution leadership. Financial terms of the joint venture were not disclosed.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.