Fluor Corporation (NYSE: FLR) today announced that its client, BASF-YPC
Co. Ltd., has achieved successful startup of the final plant at a major
integrated petrochemicals complex in Nanjing, the People's Republic of
China.
Startup of the plant brings the number of successfully started units at
the complex to 10. This number includes a 600,000-metric-ton steam
cracker and nine downstream plants. The site, which occupies more than
543 acres, will produce 1.7 million metric tons of high-quality
chemicals and polymers per year for use in supplying the rapidly growing
Chinese market.
Fluor was awarded the contract in 2000 to manage the design, procurement
and construction of the $2.6 billion complex, providing a variety of
management services over the life of the project. Work on the project
began in November 2000, and various phases of the project were executed
at several locations around the world, including Fluor's office in
Haarlem, the Netherlands, and on site in Nanjing.
"Fluor has long been active in China, with a history going back almost
30 years," said David Seaton, senior vice president responsible for the
chemicals business within Fluor's Energy & Chemicals group. "We're
pleased to join our clients in announcing the positive news about this
project, which is the largest Fluor has ever managed or built in China."
"The success of this project is a tribute to the teamwork and
cooperation of everyone involved," adds Jim Heavner, Fluor's senior vice
president responsible for the upstream business within the Energy &
Chemicals group and the project's executive sponsor. "Workers of more
than 20 nationalities worked on this complex project."
Fluor Corporation (NYSE: FLR) provides services on a global basis in the
fields of engineering, procurement, construction, operations,
maintenance and project management. Headquartered in Aliso Viejo,
California, Fluor is a FORTUNE 500 company with revenues of $9.4 billion
in 2004. For more information, visit www.fluor.com.
Jerry Holloway/Leann Vandergrift
Media Relations
949.349.7411/7420
Lila Churney
Investor Relations
949.349.3909 tel
949.349.5375
fax
Media Relations, Jerry Holloway, +1-949-349-7411, or LeannVandergrift, +1-949-349-7420, or Investor Relations, Lila Churney,+1-949-349-3909, or fax, +1-949-349-5375, all of Fluor Corporation//Web site: http://www.fluor.com /