Record Backlogs Flowing For Fluor From Diverse Areas And Segments
By David Zanoni:Fluor Corp. (FLR) is a $9.62 billion Irving, Texas-based mid-cap engineering and construction company in the industrial goods sector. The company has existed for 100 years. It operates in the following segments: Energy and Chemicals (aka Oil and Gas), Industrial and Infrastructure, Government, Global Services, and Power. Some of its projects include the Oak Grove generating station, the Ivanhoe Mines copper mine, the Newmont Power project, the Bay Bridge project, the Hanford project, and the Petrochemical Complex.
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The company's total backlog for Q1 2012 is a record $42.5 billion, which is a 14% increase over Q1 2011. This backlog is distributed throughout the world with 21% from the U.S., 29% from the Americas (excluding the U.S.), 27% from the Asia Pacific region, and 23% from Europe, Africa, and the Middle East.The Energy and Chemicals segment has been awarded contracts from TCO in Kazakhstan, Reliance IndustriesComplete Story »