Creates Fluor-Clemson International Capital Projects Supply Chain Partnership
Fluor Corporation (NYSE: FLR) announced today that its philanthropic
organization, the Fluor Foundation, presented Clemson University a $1.5
million gift to create the Fluor-Clemson International Capital Projects
Supply Chain Partnership endowment. This new partnership expands the
scope and global geographic reach of previous Fluor-Clemson initiatives
to support education, applied research and industry outreach for the
capital project supply chain.
The new gift will fund additional applied research in broader global
geographic areas of the world including India, China and the rest of the
Asia-Pacific region. Clemson’s international Master of Engineering
program in capital project supply chain and logistics within the
industrial engineering department will benefit from the increased global
reach by the addition of region-specific content to the curriculum and
attracting a more diverse student population.
“The importance of the global supply chain has increased exponentially
for engineering, procurement and construction companies since Fluor and
Clemson first established the Fluor Endowed Chair of Supply Chain and
Logistics at Clemson in 2007,” said David Seaton, chairman and CEO of
Fluor Corporation, who also serves as chairman of the Fluor Foundation.
“Six years later, with Fluor’s annual global procurement spend of $19
billion and with a majority of our project backlog overseas, this
international expansion of the supply chain and logistics program is
paramount for developing supply chain leaders of the future in our
industry.”
As evidence, since the graduate program began in 2008, it has enrolled
230 students from 70 companies yielding 72 graduates.
“Fluor’s generous gift is an example of an innovative partnership
between academia and industry that benefits not only students, but
industries around the world,” said James F. Barker, president of Clemson
University. “Clemson is positioned to have the premier program in supply
chain logistics for the capital projects industry—not just nationally,
but internationally.”
“We value our long-term relationship with Clemson and look forward to
building upon our successful program that has provided an advanced
logistics and supply chain education, applied research and industry
outreach for hundreds of industry professionals in just six short
years,” said Jim Scotti, senior vice president and chief procurement
officer of Fluor Corporation. “Fluor is a leader in optimizing the
global supply chain to deliver projects to our clients on time and
within budget and this unique program’s expansion at Clemson will
substantially benefit engineering, procurement and construction industry
professionals and their careers.”
Scotti has global responsibility for Fluor’s 2,400-plus professionals in
procurement, contract management, material management, sourcing,
supplier quality, travel services, logistics and export control.
An official ceremony was held at Clemson’s campus today that included
Fluor Chairman and CEO David Seaton, Clemson’s President Barker and
other members of Fluor’s senior management team.
Fluor’s gifts to Clemson now total more than $5 million over the past
several years. In 2007, Fluor provided Clemson with a $2 million gift
that was matched with $2 million from the S.C. Centers of Economic
Excellence (CoEE) program, now called SmartState, for a combined $4
million endowment that is being used to fund the Fluor Endowed Chair of
Supply Chain Optimization and Logistics. The endowment paved the way to
appoint Dr. Scott J. Mason as the inaugural Fluor Endowed Chair in 2010.
Dr. Mason’s addition to Clemson’s faculty is highlighted by his
world-class research talents in modeling large-scale systems and
extensive industrial experience.
Fluor Corporation has a long history and commitment to investing in
communities, non-profit organizations and educational institutions where
it has operations and projects. Since Fluor Foundation's inception in
1952, Fluor has contributed more than $155 million to community and
charitable projects around the world.
About Fluor Corporation
For more than 100 years, Fluor Corporation (NYSE: FLR) has partnered
with its clients to design, build and maintain many of the world's most
challenging and complex capital projects. Through its global network of
offices on six continents, more than 40,000 employees provide
comprehensive capabilities and world-class expertise in the fields of
engineering, procurement, construction, commissioning, fabrication,
operations, maintenance and project management. Today, the company
serves a global client base in the energy, chemicals, government,
industrial, infrastructure, operations & maintenance, manufacturing &
life sciences, mining, power and transportation sectors. Headquartered
in Irving, Texas, Fluor ranks 110 on the FORTUNE 500 list and had
revenue of $27.6 billion in 2012. 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, 469-398-7222