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McDermott given green light for Altamira free trade zone facility

06th January 2015

McDermott International has received authorisation from the Central Administration of Customs in Mexico to operate its Altamira fabrication facility near Tampico, Mexico, as a free trade zone

McDermott International has received authorisation from the Central Administration of Customs in Mexico to operate its Altamira fabrication facility near Tampico, Mexico, as a free trade zone
The McDermott Altamira yard on the Gulf of Mexico coast is the first fabrication facility licensed to operate as a free trade zone in Mexico. (Photo: Business Wire)

The first fabrication facility licensed to operate as a free trade zone in Mexico, Altamira is a focal point for fabrication on the Gulf of Mexico coast, serving both Pemex domestic requirements and export work for international clients.

“The benefits of operating as a free trade zone to McDermott’s international clients is through the ability to import components, construction materials and equipment cost-effectively, to provide a competitive alternative to US and other fabrication facilities,” said Dominic Savarino, vice president and general manager, Americas.

This improved construction environment supports the execution of larger and more complex projects from within Mexico. It enables McDermott to better serve its clients through a top-tier fabrication facility, with a highly skilled in-country workforce, and proximity to good transportation infrastructure that supports the further development of the local economy.

With the Mexican energy reform potentially opening up the Mexican market, Pemex will require expertise from international energy majors for field development, as well as engineering and construction contractors such as McDermott.

Equipped with the necessary technology, solutions and expertise to supply the market with the right people, assets and technology for economical and safe deepwater solutions, McDermott’s Altamira free trade zone fabrication facility is firmly positioned to support international clients and the domestic Mexican market as it expands into deep water and complex projects.

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