FMC Technologies Signs Contract with Federal University of Rio de Janeiro
FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed a contract with the Federal University of Rio de Janeiro (UFRJ) to build a world-class technology center in Brazil.
FMC's Brazil Technology Center will be located on campus at UFRJ Technology Park in Rio de Janeiro, an area that has been designated as the hub of the country's future oil and gas technology developments. The building will contain engineering offices, technical training and design areas, research and development laboratories, and the capability for full-scale prototype integration and testing of subsea systems. Construction of the center will begin this month and it is expected to open in the first half of 2011.
"This contract provides FMC an expanded presence in Brazil and the ability to play a significant role in the development of technologies for Brazil's deepwater and pre-salt environments," said John Gremp, FMC's President and Chief Operating Officer. "The location of the Technology Center, inside the University campus, will create a collaborative environment and enable access to the very best of Brazil's academia."
FMC Technologies' presence in Brazil dates back to 1956 and currently includes two manufacturing facilities in Rio de Janeiro and one service base in Macae.
