Fluor Completes Polysilicon Plant in China for LDK Solar

One of the world’s largest polysilicon plant is now fully operational

Sunday, May 20, 2012 8:08 pm EDT

Dateline:

SHANGHAI & IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022
"We appreciate LDK Solar’s confidence in Fluor to continue to expand this operation and assist in reducing the total life-cycle facility costs of the plant."

SHANGHAI & IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that it has completed construction for LDK Solar’s (NYSE: LDK) polysilicon plant in Xinyu City, China, one of the largest such production facility in the world. Fluor provided engineering, procurement and construction management services for the plant, which produces solar-grade silicon for the photovoltaic industry.

The first of the three production lines was finished in record time to allow LDK Solar to begin initial production of photovoltaic polycrystalline silicon less than 24 months after the start of construction. Construction of the second line was completed in July 2011 with the third and final line completed in late 2011, which met LDK's schedule and budget requirements.

“Fluor’s project execution was exemplary and the team responded to changing circumstances in a timely and professional manner while exhibiting the discipline to keep the project on schedule,” said Goran Bye, president and chief executive officer of the LDK Silicon & Chemical Technology Co., Ltd. “The project featured a first-class safety record. Fluor also designed first rate safety features into the polysilicon plant and has continuously transferred knowledge and competency to the benefit of the LDK organization.”

"We are proud of our partnership with LDK Solar to help realize this world-class chemical plant that will lead the photovoltaic industry for years,” says Ken Choudhary, senior vice president of Fluor's Energy & Chemicals group, who also served as the project director for the facility. “We appreciate LDK Solar’s confidence in Fluor to continue to expand this operation and assist in reducing the total life-cycle facility costs of the plant.”

Fluor continues to provide debottlenecking services at the plant and is implementing new technologies to increase the production for this state-of the-art facility.

The production of polysilicon, which consists of small silicon crystals, is the most complicated step in the solar value chain. It is a key component in solar (or photovoltaic) cells, which convert energy from light directly into electricity.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Founded in 1912, John Simon Fluor Sr. started the company with a modest investment of $100. Since those humble beginnings, the company has grown into one of the largest engineering & construction companies in the world. Fluor is celebrating its 100th anniversary during 2012.

Today, through its global network of offices on six continents, the company provides comprehensive capabilities and world-class expertise in engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenue of $23.4 billion in 2011. For more information, visit www.fluor100.com and www.fluor.com.

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

   

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