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Fluor Awarded Chemicals Project For BASF In Germany

Stocks in this article: FLR

Fluor Corporation (NYSE: FLR) announced today that it has secured a contract for engineering, procurement and construction management (EPCM) services for BASF’s toluene diisocyanate (TDI) Complex project at BASF’s site in Ludwigshafen, Germany. Fluor booked the undisclosed value into backlog in the fourth quarter of 2012.

The single-train, 300,000 metric tons-per-year plant will produce TDI and expand additional plants as precursors for polyurethanes at the BASF site in Ludwigshafen. Production is scheduled to begin in the fourth quarter of 2014. Fluor has been involved in the project since 2011 performing support services for both the pre-front-end engineering and design (pre-FEED) and the FEED work for this project. TDI is a key component used for polyurethane foams. To a large extent, it is used in the automotive industry (e.g., seating cushion and interior applications) as well as in the furniture segment (e.g., flexible foams for mattresses, cushions or wood coating).

“Fluor continues to expand its long resume for the design and construction of new chemicals plants led from our Haarlem operations center,” said Peter Oosterveer, president of Fluor’s Energy & Chemicals Group.

Fluor’s Haarlem, the Netherlands, operations center will lead the project with support from Gliwice, Poland. More than 800 Fluor craft workers are contributing to the construction of the facility expansion.

About Fluor Corporation

For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered with its clients to design, build and maintain many of the world's most challenging and complex capital projects. Through its global network of offices on six continents, Fluor's 43,000 employees provide comprehensive capabilities and world-class expertise in the fields of engineering, procurement, construction, commissioning, fabrication, operations, maintenance and project management. Today, the company serves a global client base in the energy, chemicals, government, industrial, infrastructure, operations & maintenance, manufacturing & life sciences, mining, power and transportation sectors. Headquartered in Irving, Texas, Fluor ranks 124 on the FORTUNE 500 list and had revenue of $24.3 billion in 2011. For more information, visit www.fluor.com.

Copyright Business Wire 2010

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