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News Article | April 24, 2017
Site: www.businesswire.com

IRVING, Texas--(BUSINESS WIRE)--#Tobago--Fluor Awarded Offshore Compression Platform FEED by BP Trinidad and Tobago


News Article | April 24, 2017
Site: www.ogj.com

Marathon Petroleum Corp. has let a contract to Fluor Corp. to provide engineering and procurement (EP) for a major reconfiguration project involving works at both the 459,000-b/d Galveston Bay and 86,000-b/d Texas City refineries in Texas City, Tex.


President Trump has named Dan Simmons, an opponent of policies meant to promote renewable energy, to lead the renewable energy office at the Department of Energy. Simmons formerly worked at the Institute for Energy Research, a self-styled, free-market energy think tank that is funded largely by fossil fuel interests. An Energy official announced Simmons’s appointment to lead the Office of Energy Efficiency and Renewable Energy (EERE) in a recent email to employees, which noted that Simmons started at the department during the Trump administration’s transition period. His appointment was first reported by E&E News. Financial Times: Eclipse to Test U.S. Electric Grid Reshaped By Solar Power The first total solar eclipse to darken U.S. skies in a generation has forced utilities to draw up contingency plans for an electric grid increasingly powered by the sun. A giant shadow moving west to east on August 21 will temporarily remove “a large amount of photovoltaic resources” from the country, a regulatory body concluded last week. California’s grid operator on Monday estimated the eclipse would boost its net demand by 6,000 megawatts, enough power for the city of Los Angeles, as solar output nosedives. Eclipses are among the latest factors utility managers must consider as renewable energy becomes a bigger part of the generation mix. The last total solar eclipse crossed the US in 1979, when president Jimmy Carter bemoaned an energy crisis and renewable technology was in its infancy. Reuters: How Two Cutting Edge U.S. Nuclear Projects Bankrupted Westinghouse In 2012, construction of a Georgia nuclear power plant stalled for eight months as engineers waited for the right signatures and paperwork needed to ship a section of the plant from a factory hundreds of miles away. The delay, which a nuclear specialist monitoring the construction said was longer than the time required to make the section, was emblematic of the problems that plagued Westinghouse Electric Co as it tried an ambitious new approach to building nuclear power plants. The approach - building pre-fabricated sections of the plants before sending them to the construction sites for assembly - was supposed to revolutionize the industry by making it cheaper and safer to build nuclear plants. But Westinghouse miscalculated the time it would take, and the possible pitfalls involved, in rolling out its innovative AP1000 nuclear plants, according to a close examination by Reuters of the projects. Those problems have led to an estimated $13 billion in cost overruns and left in doubt the future of the two plants, the one in Georgia and another in South Carolina. Tri-City Herald: GAO -- Energy Department Lax in Fighting Fraud at Hanford, Other Sites The U.S. Department of Energy isn’t doing enough to cut back on the risk of fraud among its contractors, including at Hanford, according to a Government Accountability Office report released Monday. “The Department of Energy is responsible for maintaining large parts of our nuclear arsenal, and an inability or unwillingness to root out contracting fraud endangers not only taxpayer dollars but our national security,” Sen. Claire McCaskill, D-Mo, a former auditor, said in a statement. “The most troubling part is that the agency seems unwilling to acknowledge this is a problem.” In one case, several employees of former contractor Fluor Hanford Inc. charged purchases, including appliances and TV, for their own use to federal credit cards or they received kickbacks for purchases they made. In the second case, Hanford vitrification plant contractor Bechtel National and its subcontractor AECOM agreed in November to pay $125 million to settle a lawsuit over allegations that they had charged DOE for parts and work that could not be shown to meet the agency’s strict standards for nuclear facilities. Microgrid Knowledge: An Environmental Case for the Fuel Cell Microgrid: Producing Power with No Combustion A fuel cell microgrid produces electricity through a chemical reaction — not combusion. This gives it an environmental advantage over many conventional generation technologies, as explained in this excerpt from “Fuel Cell Microgrids: The Path to Lower Cost, Higher Reliability Cleaner Energy.“ A recent study by Argonne National Lab found that fuel cells have lower greenhouse gas emissions than those produced by the U.S. grid mix of technologies. The same study found that if higher efficiency fuels cells are used, such as those that use solid oxide or molten carbonate technology, the greenhouse gas emissions are comparable to those produced by the California grid mix, which generates 43 percent of its electricity from non-fossil renewable and nuclear sources. A California wastewater treatment plant, operated by the City of Riverside, offers a good example of the superior environmental performance of a fuel cell. The FuelCell Energy project uses renewable biogas, produced from the wastewater treatment process, as a fuel source to generate carbon-neutral power. As compared to other fuel cells which require ‘directed’ biogas with the same composition as pipeline natural gas, the FCE system operates directly on biogas, thus creating more cost efficiency.


News Article | April 24, 2017
Site: www.businesswire.com

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE:FLR) anunció hoy que fue seleccionada por BP Trinidad y Tobago (BP) para realizar el servicio de ingeniería inicial y diseño (front-end engineering and design, FEED) en el proyecto de compresión de Cassia en las aguas de la costa este de Trinidad y Tobago. Flour registró el valor no divulgado del contrato como trabajo pendiente en el primer trimestre de 2017. El alcance del trabajo de Fluor incluye el diseño de una nueva plataforma de comp


News Article | May 3, 2017
Site: www.businesswire.com

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation's board of directors has declared a quarterly cash dividend of $0.21 per share on the company's common stock, payable July 5, 2017, to shareholders of record on June 2, 2017. Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served our clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 155 on the FORTUNE 500 list with revenue of $19 billion in 2016 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow us on Twitter @FluorCorp.


News Article | April 25, 2017
Site: marketersmedia.com

In this report, the global R134A Refrigerant market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of R134A Refrigerant in these regions, from 2012 to 2022 (forecast), covering North America Europe China Japan Southeast Asia India For more information or any query mail at sales@wiseguyreports.com Global R134A Refrigerant market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including DuPont Honeywell Mexichem Fluor Linde Gas Johnsen Chemours Actrol Arkema Yong Hua refrigerant co.ltd SRF Sinochem Qingdao Liangyou Environmental Protection Chemicals Ficox Chemical Shanghai KuAo Refrigeration Equipment Shanghai Aohong Chemical INEOS Fluor ZHEJIANG V&T GROUP LIMITED On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Natural Refrigerant Synthetic Refrigerant On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of R134A Refrigerant for each application, including Automotive Air-Conditioning Household & Commercial Refrigeration Inhalers Others If you have any special requirements, please let us know and we will offer you the report as you want. Global R134A Refrigerant Market Research Report 2017 1 R134A Refrigerant Market Overview 1.1 Product Overview and Scope of R134A Refrigerant 1.2 R134A Refrigerant Segment by Type (Product Category) 1.2.1 Global R134A Refrigerant Production and CAGR (%) Comparison by Type (Product Category) (2012-2022) 1.2.2 Global R134A Refrigerant Production Market Share by Type (Product Category) in 2016 1.2.3 Natural Refrigerant 1.2.4 Synthetic Refrigerant 1.3 Global R134A Refrigerant Segment by Application 1.3.1 R134A Refrigerant Consumption (Sales) Comparison by Application (2012-2022) 1.3.2 Automotive Air-Conditioning 1.3.3 Household & Commercial Refrigeration 1.3.4 Inhalers 1.3.5 Others 1.4 Global R134A Refrigerant Market by Region (2012-2022) 1.4.1 Global R134A Refrigerant Market Size (Value) and CAGR (%) Comparison by Region (2012-2022) 1.4.2 North America Status and Prospect (2012-2022) 1.4.3 Europe Status and Prospect (2012-2022) 1.4.4 China Status and Prospect (2012-2022) 1.4.5 Japan Status and Prospect (2012-2022) 1.4.6 Southeast Asia Status and Prospect (2012-2022) 1.4.7 India Status and Prospect (2012-2022) 1.5 Global Market Size (Value) of R134A Refrigerant (2012-2022) 1.5.1 Global R134A Refrigerant Revenue Status and Outlook (2012-2022) 1.5.2 Global R134A Refrigerant Capacity, Production Status and Outlook (2012-2022) 2 Global R134A Refrigerant Market Competition by Manufacturers 2.1 Global R134A Refrigerant Capacity, Production and Share by Manufacturers (2012-2017) 2.1.1 Global R134A Refrigerant Capacity and Share by Manufacturers (2012-2017) 2.1.2 Global R134A Refrigerant Production and Share by Manufacturers (2012-2017) 2.2 Global R134A Refrigerant Revenue and Share by Manufacturers (2012-2017) 2.3 Global R134A Refrigerant Average Price by Manufacturers (2012-2017) 2.4 Manufacturers R134A Refrigerant Manufacturing Base Distribution, Sales Area and Product Type 2.5 R134A Refrigerant Market Competitive Situation and Trends 2.5.1 R134A Refrigerant Market Concentration Rate 2.5.2 R134A Refrigerant Market Share of Top 3 and Top 5 Manufacturers 2.5.3 Mergers & Acquisitions, Expansion 7 Global R134A Refrigerant Manufacturers Profiles/Analysis 7.1 DuPont 7.1.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.1.2 R134A Refrigerant Product Category, Application and Specification 7.1.2.1 Product A 7.1.2.2 Product B 7.1.3 DuPont R134A Refrigerant Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.1.4 Main Business/Business Overview 7.2 Honeywell 7.2.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.2.2 R134A Refrigerant Product Category, Application and Specification 7.2.2.1 Product A 7.2.2.2 Product B 7.2.3 Honeywell R134A Refrigerant Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.2.4 Main Business/Business Overview 7.3 Mexichem Fluor 7.3.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.3.2 R134A Refrigerant Product Category, Application and Specification 7.3.2.1 Product A 7.3.2.2 Product B 7.3.3 Mexichem Fluor R134A Refrigerant Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.3.4 Main Business/Business Overview 7.4 Linde Gas 7.4.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.4.2 R134A Refrigerant Product Category, Application and Specification 7.4.2.1 Product A 7.4.2.2 Product B 7.4.3 Linde Gas R134A Refrigerant Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.4.4 Main Business/Business Overview 7.5 Johnsen 7.5.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.5.2 R134A Refrigerant Product Category, Application and Specification 7.5.2.1 Product A 7.5.2.2 Product B 7.5.3 Johnsen R134A Refrigerant Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.5.4 Main Business/Business Overview 7.6 Chemours 7.6.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.6.2 R134A Refrigerant Product Category, Application and Specification 7.6.2.1 Product A 7.6.2.2 Product B 7.6.3 Chemours R134A Refrigerant Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.6.4 Main Business/Business Overview 7.7 Actrol 7.7.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.7.2 R134A Refrigerant Product Category, Application and Specification 7.7.2.1 Product A 7.7.2.2 Product B 7.7.3 Actrol R134A Refrigerant Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.7.4 Main Business/Business Overview 7.8 Arkema 7.8.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.8.2 R134A Refrigerant Product Category, Application and Specification 7.8.2.1 Product A 7.8.2.2 Product B 7.8.3 Arkema R134A Refrigerant Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.8.4 Main Business/Business Overview 7.9 Yong Hua refrigerant co.ltd 7.9.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.9.2 R134A Refrigerant Product Category, Application and Specification 7.9.2.1 Product A 7.9.2.2 Product B 7.9.3 Yong Hua refrigerant co.ltd R134A Refrigerant Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.9.4 Main Business/Business Overview 7.10 SRF 7.10.1 Company Basic Information, Manufacturing Base, Sales Area and Its Competitors 7.10.2 R134A Refrigerant Product Category, Application and Specification 7.10.2.1 Product A 7.10.2.2 Product B 7.10.3 SRF R134A Refrigerant Capacity, Production, Revenue, Price and Gross Margin (2012-2017) 7.10.4 Main Business/Business Overview 7.11 Sinochem Qingdao 7.12 Liangyou Environmental Protection Chemicals 7.13 Ficox Chemical 7.14 Shanghai KuAo Refrigeration Equipment 7.15 Shanghai Aohong Chemical 7.16 INEOS Fluor 7.17 ZHEJIANG V&T GROUP LIMITED For more information or any query mail at sales@wiseguyreports.com ABOUT US: Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports features an exhaustive list of market research reports from hundreds of publishers worldwide. We boast a database spanning virtually every market category and an even more comprehensive collection of rmaket research reports under these categories and sub-categories. For more information, please visit https://www.wiseguyreports.com


News Article | May 4, 2017
Site: www.businesswire.com

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) today announced financial results for its first quarter ended March 31, 2017. Net earnings attributable to Fluor for the first quarter were $61 million, or $0.43 per diluted share, compared to $104 million, or $0.74 per diluted share a year ago. The primary reason for the decline in year-over-year results is the progression of our current projects from higher margin engineering activities to lower margin construction activities. Results for the quarter include a pre-tax charge of approximately $30 million for unanticipated cost increases on projects in the Industrial, Infrastructure & Power segment, as well as a pre-tax foreign exchange expense as the result of a strengthening Mexican peso, partially offset by favorable tax benefits. Consolidated segment profit for the quarter was $133 million, compared to $241 million a year ago. First quarter revenue of $4.8 billion compares to $4.4 billion in the prior year. New awards for the quarter were $2.3 billion, including $817 million in Energy, Chemicals & Mining, $777 million in Industrial, Infrastructure & Power, $546 million in Diversified Services (previously Maintenance, Modification & Asset Integrity) and $173 million in Government. Consolidated ending backlog of $41.6 billion compares to $46.0 billion a year ago. "We continue to experience headwinds as it relates to the timing of client capital decisions as we come off of one of the lowest commodity cycles this industry has seen in recent history," said David Seaton, Fluor chairman and chief executive officer. “However, we still see the same prospects and the ability for the trend to reverse as we move into the second half of 2017 and beyond.” Corporate G&A expense for the first quarter of 2017 was $45 million, compared with $55 million a year ago. Fluor’s cash and marketable securities balance at the end of the first quarter was $2.2 billion. During the quarter, the company generated $270 million in cash from operating activities, and paid out $30 million in dividends. In light of the lower than expected first quarter result, and, secondarily, risk around the pace of new awards and revenue for the next few quarters, the Company is revising its 2017 guidance for EPS to a range of $2.25 to $2.75 per diluted share, from the previous range of $2.75 to $3.25 per diluted share. Fluor’s Energy, Chemicals & Mining segment reported segment profit of $88 million, compared to $182 million in the first quarter of 2016. Results for the quarter reflect a continued shift from high margin engineering activities to lower margin construction activities and a foreign exchange expense based on the strengthening of the Mexican peso. First quarter 2017 revenue was $2.3 billion compared to $2.4 billion a year ago. New awards for the segment totaled $817 million, and ending backlog was $20.3 billion compared to $26.8 billion a year ago. The Industrial, Infrastructure & Power segment reported a segment loss of $6.7 million, compared to a segment profit of $12 million in the first quarter of 2016. Results for the quarter include approximately $30 million in pre-tax project expenses primarily related to a forecast adjustment on a gas-fired power project. Revenue for the segment increased 44 percent to $1.2 billion from $833 million a year ago. New awards in the first quarter were $777 million including the A10 Zuidasdok motorway project in the Netherlands. Ending backlog for the segment was $14.6 billion, up from $10.3 billion a year ago. The Government segment reported segment profit of $29 million, compared to $17 million a year ago. Revenue for the segment increased 12 percent to $765 million from $686 million a year ago. First quarter new awards of $173 million included a multi-year services contract and additional funding for the Paducah Gaseous Diffusion Plant project. Ending backlog was $3.7 billion, down from $5.2 billion a year ago. Ending backlog reflects an adjustment to the Magnox RSRL project in the United Kingdom, which will now end in August 2019. The Diversified Services segment reported a segment profit of $23 million in the first quarter of 2017, compared to $30 million a year ago. Revenue for the quarter was $569 million compared to $461 million in the first quarter of 2016. Results for the quarter reflect the inherent seasonality of the Stork business. New awards totaled $546 million for the quarter, and ending backlog was $2.9 billion, down from $3.7 billion a year ago. Fluor will host a conference call at 5:30 p.m. Eastern time on Thursday, May 4, which will be webcast live on the Internet and can be accessed by logging onto http://investor.fluor.com. A supplemental slide presentation will be available shortly before the call begins. The webcast and presentation will be archived for 30 days following the call. This press release contains a discussion of consolidated segment profit that would be deemed a non-GAAP financial measure under SEC rules. Segment profit is calculated as revenue less cost of revenue and earnings attributable to noncontrolling interests excluding: corporate general and administrative expense; interest expense; interest income; domestic and foreign income taxes; and other non-operating income and expense items. The company believes that consolidated segment profit provides a meaningful perspective on its business results as it is the aggregation of individual segment profit measures that the company utilizes to evaluate and manage its business performance. A reconciliation of this measure to earnings before taxes is included in the press release tables. Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served our clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 155 on the FORTUNE 500 list with revenue of $19 billion in 2016 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow us on Twitter @FluorCorp. Forward-Looking Statements: This release may contain forward-looking statements (including without limitation statements to the effect that the Company or its management "believes," "expects," is “positioned” or other similar expressions). These forward-looking statements, including statements relating to future growth, backlog, earnings and the outlook for the Company’s business are based on current management expectations and involve risks and uncertainties. Actual results may differ materially as a result of a number of factors, including, among other things, the cyclical nature of many of the markets the Company serves, including the Company’s Energy, Chemicals & Mining commodity-based segment; the Company's failure to receive new contract awards; the Company’s failure to meet cost and schedule estimates; difficulties or delays incurred in the execution of contracts, including those caused by the performance of the Company’s clients, subcontractors, suppliers and joint venture or teaming partners; client cancellations of, or scope adjustments to, existing contracts; intense competition in the industries in which we operate; current economic conditions affecting our clients, partners, subcontractors and suppliers; foreign economic and political uncertainties; failure of our joint venture or other partners, suppliers or subcontractors to perform their obligations; cyber-security breaches; failure to obtain favorable results in existing or future litigation or dispute resolution proceedings or claims; client delays or defaults in making payments; failure to meet timely completion or performance standards; liabilities arising from faulty services; risks or uncertainties associated with events outside of our control, including weather conditions; the Company’s failure, or the failure of our agents or partners, to comply with laws; the potential impact of certain tax matters; possible information technology interruptions or inability to protect intellectual property; new or changing legal requirements; liabilities associated with the performance of nuclear services; foreign exchange risks; the inability to hire and retain qualified personnel; failure to maintain safe worksites and international security risks; the availability of credit and restrictions imposed by credit facilities, both for the Company and our clients, suppliers, subcontractors or other partners; possible limitations on bonding or letter of credit capacity; risks or uncertainties associated with acquisitions, dispositions and investments; risks arising from the inability to successfully integrate acquired businesses; and the Company’s ability to secure appropriate insurance. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, the Company’s results may differ materially from its expectations and projections. Additional information concerning these and other factors can be found in the Company's public periodic filings with the Securities and Exchange Commission, including the discussion under the heading "Item 1A. Risk Factors" in the Company's Form 10-K filed on February 17, 2017. Such filings are available either publicly or upon request from Fluor's Investor Relations Department: (469) 398-7070. The Company disclaims any intent or obligation other than as required by law to update its forward-looking statements in light of new information or future events. (1) Includes research and development expenses associated with NuScale totaling $16 million and $26 million for three months ended March 31, 2017 and 2016, respectively. (2) Segment profit margin % is calculated as segment profit divided by segment revenue.


News Article | April 25, 2017
Site: www.businesswire.com

IRVING, Texas--(BUSINESS WIRE)--Biggs Porter, Fluor Corporation’s executive vice president and chief financial officer, will give a presentation to investors at the Wells Fargo 2017 Industrials Conference in New York on Tuesday, May 9 at 11:15 a.m. Eastern time. A live webcast of this presentation will be available at http://investor.fluor.com. A replay will be available shortly after the conclusion of the live presentation. If you have any questions regarding this webcast, please contact Fluor’s Investor Relations department at 469-398-7189 or investor.relations@fluor.com. Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served our clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 155 on the FORTUNE 500 list with revenue of $19 billion in 2016 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow us on Twitter @FluorCorp.


DALLAS--(BUSINESS WIRE)--Balfour Beatty US has been selected by the Texas Department of Transportation (TxDOT) to undertake the $625 million Southern Gateway reconstruction and improvement project as part of a design-build joint venture with Fluor Corporation. The project is located along Interstate 35E and U.S. 67 in Dallas, Texas. The purpose of The Southern Gateway project is to improve safety, congestion relief, traffic operations, address roadway deficiencies, and improve system linkage. The project will rebuild and widen Interstate 35E (I-35E) south of downtown Dallas. The 11-mile project will expand I-35E from four lanes to five lanes in each direction, and build two reversible, non-toll express lanes in the center of the corridor. In addition, the project calls for rebuilding the I-35E/U.S. 67 interchange and widening U.S. 67 from I-35E to I-20 by adding a third lane in each direction. “We’re honored to have been selected by TxDOT to deliver this complex design-build transportation project in partnership with Fluor,” said Ray Bond, president and chief executive officer of Balfour Beatty US. “As we near delivery of the $798 million Horseshoe project for TxDOT in Dallas in partnership with Fluor, we are pleased for the opportunity to continue our work to help the state achieve its long-term transportation needs in a fast-growing metropolitan area.” TxDOT’s Texas Clear Lanes initiative serves as a major source of funding for The Southern Gateway project, which is a program that prioritizes funding for congestion relief projects in Texas’ metropolitan areas. The project will also enhance safety by rebuilding and smoothing out existing sharp curves, adding shoulders, and improving entrance and exit ramp movements. The project will help improve traffic flow for 180,000 motorists per day in southern Dallas county and is expected to begin in late 2017 with a projected completion date of 2021. Balfour Beatty US is an industry-leading provider of general contracting, at-risk construction management and design-build services for public and private sector clients across the nation. Performing heavy civil and vertical construction, the company is the US subsidiary of London-based Balfour Beatty plc (LSE: BBY), a leading international infrastructure group that finances, develops, builds and maintains complex building programs focused on social and commercial buildings, power and utility systems, and transportation. Consistently ranked among the nation’s largest building contractors, Balfour Beatty US is the No. 3 Domestic Building Contractor as ranked by Engineering News-Record. To learn more, visit www.balfourbeattyus.com and www.bbiius.com.


News Article | May 4, 2017
Site: www.businesswire.com

IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that the Fluor-led joint venture comprised of Fluor and Balfour Beatty Infrastructure, Inc., was selected by the Texas Department of Transportation (TxDOT) as the design-build and capital maintenance team for the estimated $625 million Southern Gateway reconstruction and improvement project located along Interstate I-35E and U.S. 67 in Dallas. Fluor will book its share of the contract value into backlog in the second quarter of 2017. “Fluor is proud to lead the joint venture team that will oversee the design-build and capital maintenance of this project,” said Hans Dekker, president of Fluor’s infrastructure business line. “Our team brings an integrated solutions approach to designing and building complex mega-projects and our long-standing relationship with Balfour Beatty solidifies our ability to deliver complex projects for Texas.” Working in partnership with TxDOT, the project is slated to begin later this year and continue for four years. The 11-mile project within the City of Dallas and Dallas County includes the reconstruction and widening of both general-purpose and non-tolled managed lanes, thereby contributing to congestion relief, enhanced safety, increased mobility and improvements along I-35E from U.S. 67 to I-30 and from where U.S. 67 splits at I-35E to I-20. The completed project will also substantially reduce the ongoing capital maintenance demands along the Southern Gateway, one of the United States’ primary transportation corridors. Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served its clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 155 on the FORTUNE 500 list with revenue of $19 billion in 2016 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow us on Twitter @FluorCorp.

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