Engineering and construction giant Fluor Corporation (NYSE: FLR) today
announced that it has begun demolition work on a euro 36.5-million
($43.5-million) project for one of the world's largest producers of
polyolefin plastics, Borealis. The demolition is part of a larger
contract awarded to Fluor for a new production facility. The contract
was booked in the fourth quarter of 2005.
Borealis -- a leading provider of value, creating innovative plastics
solutions with more than 40 years of experience in polyethylene and
polypropylene -- selected Fluor to provide engineering, procurement and
construction services on a cross linkable polyethylene (XLPE) facility
located in Stenungsund, Sweden. When complete in April 2007, the
facility will help meet the growing demand in the cable industry for the
next decade. Fluor will execute the work out of its offices in Gliwice,
Poland.
The company produces high quality polyethylene and polypropylene at a
rate of close to four million tons per year, and its products are
converted by its customers into daily life products such as advanced
food packaging, medical devices, distribution pipes, automotive parts,
power cables and appliances. For more information, visit www.borealisgroup.com.
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,
Calif., Fluor is a FORTUNE 500 company with revenues of $9.4 billion in
2004. For more information, visit www.fluor.com.
(FLRG)
Leann Vandergrift/Lisa Boyette
Media Relations
949.349.7420/3652
tel
Ken Lockwood
Investor Relations
949.349.3815 tel
949.349.5375
fax
Media Relations, Leann Vandergrift, +1-949-349-7420, or LisaBoyette, +1-949-349-3652, or Investor Relations, Ken Lockwood,+1-949-349-3815, or fax, +1-949-349-5375, all of Fluor Corporation//Web site: http://www.fluor.comhttp://www.borealisgroup.com /