Fluor Selected by Arconic for New Horizontal Heat Treat Furnace Project at its Iowa Facility

Wednesday, February 14, 2018 11:41 am EST

Dateline:

IRVING, Texas
"The combination of the new heat treat furnace and Very Thick Plate Stretcher enables unmatched capabilities and we’re proud to support Arconic as they lead through innovation"

IRVING, Texas – Fluor Corporation (NYSE: FLR) announced today that the company was awarded an engineering, procurement and construction management contract to install a new horizontal heat treat furnace at Arconic’s Davenport, Iowa facility. Fluor booked the undisclosed contract value in the fourth quarter of 2017.

“Fluor has more than 70 years of metals process expertise and we value our long-standing relationship with Arconic,” said Tony Morgan, president of Fluor’s Mining & Metals business. “Our project team was selected due to its strong track record of delivering on-time and under-budget projects for Arconic. We look forward to delivering the same results on this project.”

The project, previously announced by Arconic, will expand the facility’s heat treatment capabilities and enable the plant to increase its production of aluminum sheet and plate. Arconic is the number one supplier of aluminum sheet and plate to the aerospace industry and a main supplier to North American manufacturers. Fluor previously performed the feasibility studies and early engineering work for the project, which is expected to be completed by the end of 2019.

The Fluor and Arconic project team working closely together also recently completed the installation of Arconic’s new manufacturing technology, the Very Thick Plate Stretcher, at the Davenport facility.

“The combination of the new heat treat furnace and Very Thick Plate Stretcher enables unmatched capabilities and we’re proud to support Arconic as they lead through innovation,” Morgan said.

The Very Thick Plate Stretcher equipment improves the performance of thick aluminum and aluminum-lithium plate in aerospace and industrial applications. The stretching process reduces stress introduced into the plate as part of the manufacturing process and results in a part that is more easily machined and processed. The project was completed on time and under budget.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served its clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 149 on the Fortune 500 list with revenue of $19 billion in 2016 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on social media at Facebook, Twitter, LinkedIn and YouTube.

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