Fluor Awarded Aluminum Manufacturing Facility for Ma’aden-Alcoa Joint Venture

IRVING, Texas - Wednesday, August 1st 2012 [ME NewsWire]

(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced today that it was awarded a contract by the joint venture comprising Ma'aden and Alcoa (NYSE: AA) to provide engineering, procurement, and construction management (EPCM) services for the previously announced automotive sheet facility at Ras Al-Khair in Saudi Arabia. Fluor booked $337 million into backlog in the second quarter of 2012.

Fluor’s scope of work includes designing, constructing and commissioning the plant, which will have the capability to produce a range of products suitable for further downstream manufacturing in the aluminum complex. These products include automotive heat-treated and non-heat-treated sheet, building and construction sheet and foil stock sheet.

“We are pleased to continue our relationship with Ma’aden and Alcoa to support the development of their aluminum complex in Saudi Arabia,” said Rick Koumouris, head of Fluor's Mining & Metals business. “This new manufacturing facility will help meet the global automotive industry’s growing demands for new, lighter materials.”

Once complete, the automotive sheet facility will produce lightweight aluminum to be used in vehicle manufacturing. The new facility is part of the Ma'aden-Alcoa aluminum complex that is currently under development in Saudi Arabia. The facilities, which include a mine, alumina refinery, aluminum smelter and rolling mill, will be one of the largest and most efficient aluminum complexes in the world.

Fluor’s office in Greenville, S.C. will be responsible for the design and procurement services on the project.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Founded in 1912, the company was started by John Simon Fluor Sr. with a modest investment of $100. Since those humble beginnings, the company has grown into one of the largest engineering & construction companies in the world. Fluor is celebrating its 100th anniversary during 2012.

Today, through its global network of offices on six continents, 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. For more information, visit www.fluor100.comand www.fluor.com. 

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