Solvay and INEOS to create INOVYN™, a leading chlorovinyls producer

The joint venture is anticipated to work by year end following the divestments needed by the European Commission. Until completion, Solvay and INEOS will continue to run their businesses individually. “Thanks to the agreement we now possess a unique chance to make a world- class competitive player with high quality assets and significant synergies, better able enough to withstand the ambitious environment in Europe,” said Jean-Pierre Clamadieu, CEO of Solvay. “This is another essential step in the transformation of Solvay’s business profile.” The terms of the joint venture agreement adapted…

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ICA Fluor Awarded Pemex Contract for Refinery in Mexico

Fluor Corporation (NYSE: FLR) announced today that its ICA Fluor industrial engineering-construction joint venture with Empresas ICA, S.A.B. de C.V. (BMV: ICA) (NYSE: ICA) was granted an additional new $95 million contract by Pemex to develop the first period of the total project to reconfigure the Miguel Hidalgo Refinery, located in Tula, Hidalgo, Mexico. Fluor will book its $48 million share of the contract in the 3rd quarter of 2013. ICA Fluor will undoubtedly cause the detailed and basic engineering for the process plants, integration works and auxiliary services needed…

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