Fluor Corporation (NYSE: FLR) today reported that its Operations &
Maintenance business unit has been selected to provide maintenance
services at Kennecott Utah Copper's smelter in Copperton, Utah. Value of
the contract, which was not disclosed, will be booked into Fluor's
backlog in the first half of 2002, officials said.
The Kennecott leadership team conducted an extensive search for a
world-class organization that could optimize cost and increase equipment
uptime while driving step-change improvement in the overall economics of
the plant. According to officials at Kennecott, Fluor was selected
because of its reputation as a recognized world leader in maintenance,
its commitment to an injury-free workplace, and its willingness to
accept a performance-based contract.
Fluor's duties at the smelter will include full continuous maintenance
services and reliability engineering. The company also will manage the
site's maintenance contractors, as well as oversee planning, scheduling,
monitoring, reporting and assessing routine maintenance, turnaround and
small capital performance. Approximately 130 workers will perform this
function, officials projected.
"We view this new relationship with Kennecott as one that will prove
successful for both of our organizations on many levels, including
management and operational expertise," said Fluor's John Hopkins, group
executive, Global Services. "We are confident that by efficiently
carrying out our responsibilities at the smelter, the decision by
Kennecott to outsource this work will be validated."
In addition to leveraging Fluor's breadth of experience in this service
industry, former Kennecott maintenance employees may apply for positions
with Fluor, officials of both companies said.
Fluor Corporation provides services on a global basis in the fields of
engineering, procurement, construction, operations, maintenance, project
management and business services. Headquartered in Aliso Viejo,
California, Fluor is a Fortune 500 company with revenues of $10 billion
in fiscal year 2000. Fluor is a publicly held corporation that trades
under the symbol FLR on the New York Stock Exchange. Complete
information about Fluor is available through the company's Internet site
at www.fluor.com.
For further information, please contact Keith Karpe, +1-949-349-7661, or
Lori Serrato, +1-949-349-7420, both of Fluor Corporation Media Relations.
Fluor CorporationKeith Karpe, +1-949-349-7661orLori Serrato, +1-949-349-7420