Fluor Awarded Strategic Global EPC Agreement by The Dow Chemical Company
Fluor Corporation announced today that The Dow Chemical Company and Fluor have signed a Strategic Global Engineering, Procurement, Construction (EPC) and Construction Management Agreement in support of Dow's global capital projects program ranging across all Dow products. This three-year agreement has a two-year extension option for up to five years and includes potential new project work spanning across the globe. Dow currently serves customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture.
"Fluor's culture of safety, sustainability and project execution excellence complements Dow's beliefs and culture. In addition, our global footprint matches well with Dow's potential new project needs around the globe," said Peter Oosterveer, president of Fluor's Energy & Chemicals Group. "Our expertise in performing projects in challenging geographies across the world is unmatched, and we're poised to assist Dow in meeting their new project needs aligned with their business agenda."
This contract includes potential new projects for specialty chemical, advanced materials, agrosciences and plastics businesses in high growth sectors such as electronics, water, energy, coatings and agriculture. Fluor is currently providing front-end loading services for a coatings and water treatment project in Jubail, Saudi Arabia.
(NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. The company provides comprehensive capabilities and world-class expertise in engineering, procurement, construction, commissioning, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 200 company and had revenue of $23.4 billion in 2011.
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