Fluor Corporation (FLR) announced that its joint venture with Sinclair Knight Merz was awarded a contract by BHP Billiton (BHP) to execute the next phase of its Rapid Growth Program. The focus of the project will be the continued expansion of BHP Billiton's iron ore operations in the Pilbara Region of Western Australia.
Fluor booked approximately $500 million in the company's fourth quarter of 2009. The Fluor SKM Iron Ore Joint Venture's scope includes overall program management activities and engineering, procurement and construction management [EPCM] services for specific elements of the mine, port and rail works.
Since 2001, Fluor, as part of the Mine & Port Development Joint Venture with SKM, has provided engineering, procurement, and construction management services to BHP Billiton Iron Ore, and has successfully delivered Rapid Growth Projects 1, 2, 3 and 4 and is working on Rapid Growth Projects 5 and 6.
Recently the company also announced that Elecnor S.A. has awarded it an engineering services contract for a new 50 megawatt [MW] concentrating solar power [CSP] plant in Badajoz , Spain. Fluor will book the undisclosed contract value in the first quarter of 2010. Fluor will provide detailed engineering and other associated services for the project. When complete, the 50 MW CSP generating facility will capture solar energy using parabolic trough mirrors and will ultimately convert the energy into electricity through a steam turbine generator.
DuPont Engineering has also awarded the company a construction, maintenance and services contract for nine sites throughout the U.S. and Puerto Rico. This new contract includes seven existing sites in which Fluor already serves, plus two additional sites in Kinston , N.C. and Manati, Puerto Rico.
Fluor is a Fortune 500 company that delivers engineering, procurement, construction, maintenance [EPCM] and project management services to governments and clients in diverse industries around the world. Clients value Fluor's dependability, expertise, and safety to execute complex projects around the world. Major competitors include ABB Ltd. (ABB) and Foster Wheeler (FWLT)
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