Profile: Fluor Corp (FLR)
7 Dec 2016
Fluor Corporation (Fluor), incorporated on September 11, 2000, is a holding company. The Company operates its business in five segments: Oil & Gas, Industrial & Infrastructure, Government, Global Services and Power. The Company, through its subsidiaries, provides professional services. The Company is an integrated solutions provider for various industries, including oil and gas, chemicals and petrochemicals, transportation, mining and metals, power, life sciences and manufacturing. The Company is also a service provider to the United States federal Government, and it performs operations and maintenance activities around the world for its industrial clients.
The Company offers services in various categories, including engineering, procurement, construction, maintenance and project management. The Company offers these services independently, as well as on an integrated basis. Its services range from basic consulting activities, at the early stages of a project, to complete design-build and maintenance contracts. In engineering, its services range from engineering disciplines, such as piping, mechanical, electrical, control systems, civil, structural and architectural to advanced engineering specialties, including process-engineering, chemical engineering, simulation, enterprise integration, integrated automation processes and interactive three-dimensional (3D) modeling. The Company also provides planning and conceptual design services. Also included within these services are activities, such as feasibility studies, project development planning, technology evaluation, risk management assessment, global siting, constructability reviews, asset optimization and front-end engineering.
Fluor's procurement organization offers procurement services, as well as supply chain solutions. Its procurement activities include strategic sourcing, material management, contracts management, buying, expediting, supplier quality inspection and logistics. In construction, Fluor mobilizes, executes, commissions and demobilizes projects on a self-perform or subcontracted basis. The Company also offers services as a program manager, primary contractor and also as a subcontractor to another party. Fluor also provides various fabrication and modularization services, including integrated engineering and modular fabrication and assembly, modular construction and asset support services.
Under its operations and maintenance contracts, the Company delivers total maintenance services, facility management, plant readiness, commissioning, start-up and maintenance technology, small capital projects, turnaround and outage services. The Company also provides management, staffing and management skills to clients on-site at their facilities. Its operations and maintenance activities also include routine and outage/turnaround maintenance services, general maintenance and asset management, emissions-reduction technologies and services, and restorative, repair, predictive and prevention services.
The Company also offers services under project management. Its project management services include logistics, development of project execution plans, detailed schedules, cost forecasts, progress tracking and reporting and the integration of the engineering, procurement and construction efforts.
Oil & Gas
Through its Oil & Gas segment, the Company serves the oil and gas production, processing, and chemical and petrochemical industries, as an integrated solutions provider offering a range of design, engineering, procurement, construction and project management services to a range of energy-related industries. Fluor serves various industries, including chemicals and petrochemicals, downstream refining, pipelines, upstream oil and gas production, liquefied natural gas (LNG) and offshore production. The Company also has distributed execution centers in Manila, Cebu and New Delhi.
The Company provides front-end engineering, program management and final design services, construction management services and self-perform construction and also offers services for the procurement of materials, equipment and subcontractors. The Company is also engaged in the design and construction of new facilities, upgrade, revamp and expansion of existing facilities, and rebuilding facilities following fires and explosions. It also provides consulting services, ranging from feasibility studies to process assessment to project finance structuring and studies. The Company provides self-perform fabrication, modular engineering fabrication and assembly, modular construction and asset support services to customers around the world in Mexico, the Philippines and Canada.
Fluor's projects in the upstream sector include production, processing and transporting of oil and gas resources, including the development of infrastructure associated with fields and pipelines, as well as LNG projects. The Company is also engaged in offshore production facilities and in conventional and unconventional gas projects in various geographical locations. In the downstream sector, it offers services related to refined products. The Company focuses on various markets, such as clean fuels. In the chemicals and petrochemicals market, the Company's projects include the expansion of ethylene-based derivatives in the United States, the Middle East and Asia. The Company also participates in the Mexican and Central American oil, gas, power and chemical markets.
Industrial & Infrastructure
The Industrial & Infrastructure segment provides design, engineering, procurement, construction, operations and maintenance and project management services to the transportation, commercial and institutional, manufacturing, life sciences, mining and metals, telecommunications, microelectronics and water sectors. In transportation, it focuses on infrastructure projects, such as roads, highways, bridges and rail. It provides a range of services, including consulting, design, planning, financial structuring, engineering and construction, domestically and internationally. In manufacturing, it provides design, engineering, procurement, consulting, construction and construction management services to a range of industries. In mining and metals, the Company provides a range of services to the iron ore, copper, diamond, gold, nickel, alumina, aluminum and other commodity-based industries. These services include feasibility studies through engineering, design, procurement, construction, and commissioning and start-up support.
In life sciences, the Company provides design, engineering, procurement, construction and construction management services to the pharmaceutical and biotechnology industries. Fluor is also engaged in providing validation and commissioning services by bringing new facilities into production and also keeps existing facilities operating. Activities in the operations and maintenance markets include providing facility start-up and management, plant and facility maintenance, operations support and asset management services to the oil and gas, chemicals, life sciences, mining and metals, consumer products and manufacturing industries. Fluor is also a supplier of operations and maintenance services, providing its service offerings both domestically and internationally.
The Company's Government segment is a provider of engineering, construction, logistics, base and facilities operations and maintenance, contingency response and environmental and nuclear services to the United States Government and Governments abroad. For the energy sector, it provides site management, environmental remediation, decommissioning, engineering and construction services. Fluor also performs activities for the Savannah River site near Aiken, South Carolina. Fluor provides operations and maintenance services for the Department of Energy at the Strategic Petroleum Reserve in New Orleans, Louisiana. The Company also serves the Government customers outside of the United States.
The Government segment also provides engineering and construction services, logistics and life-support, as well as contingency operations support, to the defense sector. It also serves the military logistical and infrastructure needs around the world. The Company provides life-support, engineering, procurement, construction and logistical augmentation services to the United States military and coalition forces in various international locations, with a focus on the United States military-related activities in and around the Middle East and in Afghanistan and Africa. Through its subsidiary, Fluor Federal Solutions, the Company provides outsourced services to the United States Government. The Company provides operations and maintenance services at military bases and education and training services to the Department of Labor through Job Corps programs. In addition, it provides construction services to new and existing facilities for the United States military. The Company is also engaged in providing support to the Department of Homeland Security. The Company is engaged in supporting the United States Government's rapid response capabilities to address security issues and disaster relief through Federal Emergency Management Agency.
The Global Services segment provides a range of solutions to support projects across Fluor groups across the world. Capabilities within Global Services include site equipment and tool services, industrial fleet services and staffing services. Global Services provides Site Services and fleet management services through AMECO. AMECO provides integrated construction equipment, tool and fleet service solutions to the Company and third party clients for construction projects and plant sites. AMECO serves the construction projects and plants at locations throughout North and South America, Africa, the Middle East, Australia and Southeast Asia. Global Services serves the temporary staffing market through TRS. TRS is an enterprise of staffing specialists that provides the Company and third party clients with recruiting and permanent placement services and the placement of contract technical professionals.
In the Power segment, the Company provides a range of services to the gas-fueled, solid-fueled, environmental compliance, renewables, nuclear and power services markets. Its services include engineering, procurement, construction, program management, start-up and commissioning, operations and maintenance, and technical services. Through the gas-fueled market, Fluor offers a range of services for cycle reference plant designs, as well as integrated gasification combined cycle (IGCC) projects.
Through the solid-fueled and environmental compliance markets, the Company offers a range of services for subcritical, supercritical, ultra-supercritical and circulating fluidized bed (CFB) technologies, as well as emissions reduction solutions, including selective catalytic reduction (SCR), flue gas desulphurization (FGD), and particulate and mercury controls designs. Fluor offers services in designing and constructing coal-fired power-generation facilities. As part of its environmental compliance service offering, Fluor designs, installs and commission emissions-reduction equipment. The Company also offers solutions for post-combustion carbon capture and sequestration for solid-fueled and gas-fueled facilities on a global basis, offering its Econamine FG Plus CO2 capture technology.
In the renewables market, Fluor offers a range of technology choices for solar, biomass and geothermal solutions. For solar, the Company is focused on thermal technologies, such as photovoltaic (PV), as well as concentrating solar power (CSP) applications. In the biomass market, the Company is also engaged in small boiler and circulating fluidized bed technologies for projects using woody biomass and/or agricultural waste fuels. In nuclear sector, Fluor offers nuclear services for new build plants, capital modifications, extended power uprate (EPU) projects, and operations and maintenance services. The Company has interests in NuScale Power, LLC, an Oregon-based small modular nuclear reactor (SMR) technology company, which is engaged in the development of light water SMRs.
Through its power services business line, Fluor offers various services to owners, including fossil, renewable and nuclear plant maintenance, facility management, operations support, asset performance improvement, capital modifications and improvements, operations readiness and start-up commissioning. The Company also has annual maintenance and modification contracts in the utility-generation market. Fluor also serves the transmission and distribution market in the United States and South Africa. In the United States market, the Company focuses on the design and construction of new transmission lines.
The Company competes with Bechtel Group, Inc., CH2M Hill Companies, Ltd., Jacobs Engineering Group, Inc., KBR, Inc., Kiewit Corporation, Granite Construction, Inc., AECOM Technology Corporation, AMEC Foster Wheeler plc, Balfour Beatty, Chicago Bridge and Iron Company N.V., Chiyoda Corporation, Hyundai Engineering & Construction Company, JGC Corporation, SNC-Lavalin Group, Inc., Samsung Engineering, Technip and WorleyParsons Limited.
6700 Las Colinas Blvd
IRVING TX 75039
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