Fluor and Supreme Group Form Modular Fabrication Partnership in Canada

Monday, April 22, 2013 9:24 am EDT

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022
"With our unique modular and fabrication capabilities in the market, we will be able to deliver an integrated EPFC solution that will provide significant cost and schedule opportunities and benefits for our clients."

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it is combining its modular design expertise with the fabrication and construction capabilities of Supreme Group, a Canadian based-company that specializes in fabrication and module assembly across Canada, to form Supreme Modular Fabrication Inc. The 50/50 partnership will own, operate and deliver a full range of unique module assembly and fabrication services to the Canadian market place from its 50-plus-acre module yard near Edmonton, Alberta. This partnership allows Fluor to now deliver a fully integrated self-performed engineering, procurement, fabrication and construction (EPFC) solution to a wide range of projects across Canada.

“We are truly excited about the fabrication partnership with Supreme where both of our companies are bringing together the best talent and best offerings to meet the needs of our clients,” said Peter Oosterveer, president of Fluor’s Energy & Chemicals Group. “With our unique modular and fabrication capabilities in the market, we will be able to deliver an integrated EPFC solution that will provide significant cost and schedule opportunities and benefits for our clients.”

“Through innovative offerings, such as Fluor’s 3rd Gen Modular ExecutionSM design, we are seeing increased levels of construction work move from the field to controlled, productive and less costly work environments like modular fabrication yards,” said Garry Flowers, president of Fluor’s Global Services Group. “This partnership enables Fluor to support our clients in all phases of projects to achieve their objectives.”

“There are significant gains for Supreme in our association with Fluor, a global industry leader, to create this new module and fabrication company,” says John Leder, president and chief operating officer of Supreme Group. “Within this new company, we will be able to offset many of the risks associated with field construction by executing more of the field content in our modular facility. We embrace Fluor’s demonstrated willingness to innovate, to find new and fresh solutions and to take a holistic approach to EPFC projects. Our core values are completely aligned.”

Fluor has maintained a strong presence in the Canadian market for more than 60 years by providing world-class engineering, procurement, construction and project management services. The company’s more than 3,000 professionals working in offices in Calgary, Vancouver and numerous project sites support a wide range of clients across the country.

In September 2012, Fluor announced a similar modular and fabrication partnership with AG&P in the Phillipines.

About Supreme

Supreme Group is the largest privately-owned steel fabricator and construction business in Canada with member companies throughout western Canada, Ontario and the U.S. Pacific Northwest. Altogether Supreme Group within its affiliates has a steel fabrication and construction history that stretches back to 1912. The Group engages all aspects of steel fabrication and construction including commercial industrial, institutional and mechanical applications. It has undertaken some of the largest projects in western Canada and the Pacific Northwest.

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, more than 40,000 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 $27.6 billion in 2012. For more information, visit www.fluor.com.

Contact:

Fluor Corporation
Media Relations:
Keith Stephens, 469-398-7624
or
Brian Mershon, 469-398-7621
or
Investor Relations:
Ken Lockwood, 469-398-7220
or
Jason Landkamer, 469-398-7222

   

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