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EMPRESAS ICA ANNOUNCES STRATEGIC JOINT VENTURE WITH DURO FELGUERA

 MEXICO CITY, Dec. 13 /PRNewswire/ -- Empresas ICA Sociedad Controladora, S.A. de C.V. (NYSE: ICA), Mexico's largest construction company, today announced that it has signed a joint venture agreement with Servicios y Maquinaria Duro Felguera S.A., a subsidiary of Grupo Felguera of Spain, an international leader in engineering, manufacturing, installation and services for industrial facilities. The alliance is reflective of ICA's strategy of joining forces with international leaders and will be accomplished through the sale of a substantial minority interest in ICA's capital goods manufacturing business.
 This strategic alliance will enable ICA to increase its presence in international markets by access to improved technology, such as expertise in the manufacturing process, improved bidding and control procedures, and computerized inventory and work order systems.
 Empresas ICA Sociedad Controladora, S.A. de C.V. is the largest construction company in Mexico. It is engaged in a full range of construction and related activities. ICA constructs infrastructural facilities, as well as industrial, urban and housing construction for both the Mexican public and private sectors. ICA is also involved in the construction, maintenance and operation of highways, bridges and tunnels under concessions and in the management and operation of water supply systems granted by the Mexican government. In addition, ICA manufactures and markets industrial goods and owns and operates hotels. The Company is involved in the quarrying and marketing of construction aggregates, particularly limestone.
 -0- 12/13/93
 /CONTACT: Javier Mora, Director of Finance of ICA, 011-525-227-5047; or Cathleen Mayrose of Dewe Rogerson, 212-688-6840/
 (ICA)


CO: Empresas ICA Sociedad Controladora, S.A. de C.V.;
 Servicios y Maquinaria Duro Felguera S.A. ST: IN: CST SU: JVN


SP-JG -- NY037 -- 3079 12/13/93 10:10 EST
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Publication:PR Newswire
Date:Dec 13, 1993
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