09 October 2001 20:06 [Source: ICIS news]
HOUSTON (CNI)--ICA Fluor Daniel said Tuesday it has won the contract from BASF Mexicana for construction of the company's $53m (Euro57.6m) 45 000 tonne/year Styrolux polymer plant in Altamira, Mexico in a 21-month deal that includes detail engineering, procurement services, construction and testing.
Germany's BASF announced plans for the plant in May with an eye on completion by 2003 but had not disclosed the size of investment involved. The company had described the plan as part of its $75m program for boosting global capacity of Styrolux.
ICA Fluor Daniel is a venture of Mexico's largest construction company - Empresas ICA Sociedad Controladora (ICA) - and Fluor Daniel of Aliso Viejo, California.
Styrolux is the trademark name for a range of thermoplastic styrene-butadiene co-polymers suitable for extruding, thermoforming and injection moulding into a variety of uses, particularly in food packaging.
In announcing the contract, Jorge Borja, general director at ICA Fluor Daniel, said the venture hopes this gives it a chance to establish a "long-term relationship" with BASF.
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