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FMC Technologies Breaks Ground On New Campus At Generation Park

Stocks in this article: FTI

HOUSTON, May 2, 2014 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) today announced that it has broken ground on a new campus at Generation Park, located on the northeast corner of the Sam Houston Tollway (Beltway 8) in Houston, Texas.

Within the next 10 years, the company's goal is to consolidate all of its 10 Houston facilities—including its corporate headquarters—to a single, state-of-the-art campus.

"We believe there is value in bringing all our Houston employees together on a single campus built for our specific business requirements. Creating a unified space that recognizes the changing needs of our expanding workforce and encourages communication and collaboration will make us a better company," said John Gremp, Chairman, President and CEO of FMC Technologies. "We are excited about what the future holds for us."

FMC Technologies is building its new campus on 173 acres that it purchased from McCord Development in late 2012. The company purchased the land at Generation Park to gain the flexibility it needed to expand its facilities and accommodate continued growth. The company also wanted the space to plan an innovative campus with an inspiring and collaborative work environment – and one that promotes a healthy work-life balance through social and interactive spaces, health and fitness facilities, and other employee amenities.

Within the next two years, the company will move approximately 1,800 of its 3,700 Houston employees to the new campus. During this first phase, FMC Technologies will consolidate its western region subsea services operations into a single, 70-acre campus. With more than a million square feet of office and workshop space, this expansion will more than double the region's existing subsea services capacity.

The company's subsea services employees will begin moving to the new campus in early 2016. The timing of additional phases will be driven by the overall business environment and specific operating requirements.

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