Fluor Corp. has announced 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.