STOCKHOLM, Sweden, June 27, 2005 (PRIMEZONE) -- Skanska will construct a nitrogen production plant in Mexico. The contract value amounts to USD 46 M, approximately SEK 355 M, and is included in order bookings for the second quarter. The customer is the Mexican branch of the international company Praxair.
Skanska will be responsible for engineering, procurement, construction, installation and start-up assistance of the production facility as well as the piping for distribution.
Praxair's new plant will deliver nitrogen to the state-owned oil company Pemex (Petroleos Mexicanos). The nitrogen will be used to increase capacity in oil extraction at the Pemex Samaria oilfield in Mexico.
The project begins immediately and will be completed in 20 months.
Praxair is an internationally leading producer of gases. The company, which is listed on the New York Stock Exchange (NYSE), has annual sales of USD 6.6 billion.
The project is being carried out by Skanska Latin America, which has extensive experience of this type pf project. Skanska Latin America focuses on the construction of infrastructure, energy plants and distribution networks. The company has 7,700 employees and reported annual sales in 2004 of SEK 2.8 billion.
This and previous releases can also be found at www.skanska.com
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