Fluor Corporation Awarded Contract by The Dow Chemical Co. (FLR, DOW)
[Earlier this year, Fluor and Dow signed a Strategic Global Engineering, Procurement, Construction and Construction Management Agreement in support of Dows global capital projects program ranging across all Dow products]
Online PR News – 15-September-2012 –Fluor Corporation (NYSE:FLR) The Dow Chemical Company (NYSE:DOW) FLR was awarded an engineering, procurement and construction management (EPCM) contract by DOW for a propylene production asset project in Freeport, Texas. Fluor successfully completed the front-end engineering and design (FEED) contract thereby setting the stage for this next-phase EPCM project award. FLR will book the undisclosed value in the third quarter. The project is under way with estimated mechanical completion by 2015. Fluors Houston operations center is leading the effort with support from its Philippines operations. Nearly 1,600 home office, construction management and craft personnel are expected to be involved on this project at its peak. 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. DOW manufactures and supplies chemical products used as raw materials in the manufacture of customer products and services worldwide. For more information about DOW visit www.dow.com.
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