Fluor Named North America Engineering Partner for BASF

Partnering agreements now cover Asia, Europe and North America

Wednesday, April 11, 2012 4:33 am EDT

Dateline:

IRVING, Texas

Public Company Information:

NYSE:
FLR
US3434121022
"BASF is a valued and important long-term Fluor client for which we have performed significant projects across the globe for decades"

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that Germany-based BASF has chosen the company as its engineering partner for chemicals capital projects across North America. BASF has awarded Fluor an umbrella services agreement for an undisclosed contract value.

Services provided on projects covered by the agreement will include conceptual and front-end engineering and design (FEED), detailed engineering, procurement, project management and construction management services. Fluor was selected by BASF in mid-2011 as its engineering partner in Asia and Europe. Fluor currently has multiple projects active under the partnering agreements including the FEED phase for BASF’s TDI (toluene diisocyanate) project in Ludwigshafen, Germany.

“BASF is a valued and important long-term Fluor client for which we have performed significant projects across the globe for decades,” said Peter Oosterveer, president for Fluor’s Energy & Chemicals Group. “Coupled with our previous Asia and Europe partnering agreements and projects with BASF, this new North America partnership makes Fluor a truly global partner that will allow us to leverage our U.S. and global resource talent pool to effectively align with BASF’s growing global capital investment needs.”

The North America agreement applies to all BASF facilities in the United States, Canada, Mexico and Puerto Rico. Fluor’s Houston, Texas office will lead efforts for the North America partnership agreement. Other Fluor operations centers will be utilized as necessary for project execution.

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

   

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