State-of-the-Art Facility First of Its Kind in Singapore
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE:FLR) announced today that it was awarded a contract by Renewable Energy Corporation (REC) Group for the engineering, procurement, construction management (EPCM), and commissioning services for a new solar panel manufacturing complex in Singapore. REC is one of the most integrated companies across the solar value chain and this new complex will produce wafers, cells and modules for its growing global market. Fluor’s contract is worth approximately $420 million and its scope of work includes the utilities, infrastructure, facilities and roadways. The company booked the entire amount in the third quarter of 2008.
“Fluor has established a great relationship with REC working with the company in both the polysilicon production and solar component production arenas,” said Ivor Harrington, senior vice president of Fluor’s Manufacturing & Life Sciences business line. “This important project will be executed from our newly expanded Singapore office and will draw upon our global expertise of executing some of the most complex projects around the world.”
Fluor executed conceptual and preliminary engineering from its Dublin office and will execute the project’s detailed design from its Singapore and Manila offices. Groundbreaking took place in July 2008 with production at the complex scheduled to begin in early 2010.
Once the complex is complete, REC expects production of 740 MW of wafers, 550 MW of cells and 590 MW of modules by 2012.
The new solar complex is located on a greenfield site in Tuas View about 30 minutes from Singapore’s City Center. Work to complete the construction portion of the project will require approximately 350 local workers at peak. Fluor has teamed with Bovis Lend Lease (BLL) to execute the construction management phase of the project.
In work for another division of REC, Fluor is executing engineering and construction services for REC’s polysilicon production facility expansion in Moses Lake, Washington. The expansion will be completed in 2009 and will help REC double the polysilicon production at the site.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenue of $16.7 billion in 2007. For more information, visit www.fluor.com.
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Fluor CorporationMedia RelationsKeith Stephens, 469-398-7624orBrian Mershon, 469-398-7621orInvestor RelationsKen Lockwood, 469-398-7220orJason Landkamer, 469-398-7222469-398-7277 fax