Full Description

Fluor Corporation (Fluor), incorporated on September 11, 2000, is a holding company that, through its subsidiaries, provides engineering, procurement and construction management (EPCM) and project management services. Fluor serves a number of industries worldwide, including oil and gas, chemical and petrochemicals, transportation, mining and metals, power, life sciences and manufacturing. Fluor is also a primary service provider to the United States Federal Government. It performs operations and maintenance activities for major industrial clients, and also operates and maintains their equipment fleet. The Company is aligned into five principal operating segments: Oil and Gas, Industrial and Infrastructure, Government, Global Services and Power. Fluor Constructors International, Inc., which is organized and operates separately from its business segments, provides unionized management, construction and management services in the United States and Canada, both independently and as a subcontractor on projects to its segments. In November 2008, Fluor announced that it acquired two private engineering companies in Europe: UNEC Engineering N.V. of Antwerp, Belgium, and Europea de Ingenieria y Asesoramiento of Tarragona, Spain.

Oil and Gas

The Oil and Gas segment is an integrated service provider offering a range of design, engineering, procurement, construction and project management services to a spectrum of energy-related industries. Fluor serves a number of specific industries, which include upstream oil and gas production, downstream refining and integrated petrochemicals. In a specific project, the Company's role can vary. It may be involved in providing front-end engineering, program management and final design services, construction management services, self-perform construction or oversight of other contractors, and the responsibility for the procurement of labor, materials, equipment and subcontractors. Fluor has the capacity to design and construct new facilities, upgrade and revamp existing facilities, rebuild facilities following fires and explosions, and expand refineries, pipeline and offshore facility installations. It also provides consulting services ranging from feasibility studies to process assessment to project finance structuring and studies.

The Company's typical projects in the upstream sector revolve around the production, processing and transporting of oil and gas resources, which can include areas, such as the development of major new fields, as well as liquefied natural gas (LNG) projects. The Company is focused on oil sands development markets, as well as in clean fuels, both domestically and internationally. In the petrochemicals market, it is engaged in the expansion of ethylene and polysilicon production.

Industrial and Infrastructure

The Industrial and Infrastructure segment provides design, engineering, procurement and construction services to the transportation, mining, life sciences, telecommunications, manufacturing, commercial and institutional, microelectronics and healthcare sectors. The Company provides these services with respect to both new construction and refurbishment of existing facilities. In transportation infrastructure, Fluor provides a range of services, including consulting, design, planning, structuring, engineering and construction management, domestically and internationally. Its service offerings include roads, highways, bridges, rail and airports. In the area of life sciences, the Company provides design, engineering, procurement, construction and construction management services. It also provides validation and commissioning services, where it not only brings new facilities into production but also keeps existing facilities operating. In telecommunications, it provides design, engineering, procurement and construction management services, especially in the European markets. In manufacturing, Fluor provides engineering, design, procurement, consulting, construction and construction management services to a variety of industries. It continues to pursue projects in the healthcare market. Potential projects include for-profit and non-profit healthcare centers, as well as university medical centers.

Government

The Government segment is a provider of project management services to the United States Government, particularly to the Department of Energy, the Department of Homeland Security and the Department of Defense. For the Department of Energy, the Company primarily provides site management, environmental remediation, decommissioning, engineering and construction services at the project site in Hanford, Washington. Fluor also provides engineering and construction services, as well as contingency operations support, to the Department of Defense. It supports military logistical and infrastructure needs worldwide. Through its subsidiary, Del-Jen, Inc., the Company is a provider of outsourced services to the federal government. Del-Jen, Inc. provides operations and maintenance services at military bases and education and training services to the Department of Labor, particularly through its Job Corps programs. The Company is also providing support to the Department of Homeland Security. The Company is particularly involved in supporting the United States Government's rapid response capabilities to address security issues and disaster relief.

Global Services

The Global Services segment integrates a variety of customized service capabilities. Service areas within this segment include operations and maintenance activities, small capital project engineering and execution, site equipment and tool services, industrial fleet outsourcing, plant turnaround services, temporary staffing and supply chain solutions. Support services for large capital projects are provided to clients in concert with other Fluor segments or on a standalone basis. Continuing operations and sustaining small capital project services are frequently executed under multi-year alliance style agreements directly between Global Services and its clients. Global Services’ 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, power and manufacturing industries. The Company supplies operations and maintenance services both domestically and internationally.

Included within Global Services is Plant Performance Services (P2S). P2S is a specialty, rapid response service providers in the United States, performing small capital construction projects, specialty welding, electrical and instrumentation services, fabrication, mechanical, turnaround services and demolition services. The Company also provides Site Services and Fleet Outsourcing through its American Equipment Company, Inc. (AMECO) subsidiary. AMECO provides integrated construction equipment, tool and fleet outsourcing solutions on a global basis for construction projects and plant sites of both third-party clients and the Company’s clients. AMECO supports large construction projects and plants at locations throughout North and South America, South Africa and the Middle East. Global Services serves the temporary staffing market through its TRS Staffing Solutions, Inc. (TRS). TRS is a global enterprise of staffing specialists that provide clients with recruiting and placement of temporary, contract and direct hire technical professionals. Its supply chain solutions unit provides global procurement resources, processes, systems, market knowledge and volume-leveraged pricing to the company and third parties.

Power

In the Power segment, the Company provides a range of services to the gas, solid fuel, nuclear and plant betterment marketplace. Its services include engineering, procurement, construction, program management, start-up, and commissioning and maintenance. In the gas fuelled market, it offers a range of services for simple and combined cycle reference designs, as well as solutions for Integrated Gasification Combined Cycle (IGCC) technologies. In the solid fueled market, it offers a range of services for subcritical, supercritical, ultra-supercritical and circulating fluidized bed (CFB) technologies through a range of reference designs. In the renewables market, it offers a range of EPCM and program management services for all types of facilities. In the nuclear market, the Company offers engineering, construction and quality control services. In the plant betterment market, Fluor designs, installs and commissions emissions equipment in order to assist its clients with environmental guideline compliance. It also focuses on the coal-fired generation market. In addition, it offers a comprehensive program management capability for wind and solar projects.

The Company competes with Bechtel Group, Inc., Jacobs Engineering Group, Inc., KBR Inc., Chicago Bridge and Iron Company N.V., CH2M Hill Companies Limited, the Shaw Group, URS Corporation, Foster Wheeler AG, Technip, WorleyParsons Limited and AMEC plc.