Fluor Corporation (NYSE: FLR) announced today that it was awarded the engineering, procurement and construction management contract for Valvolines new blending and packaging facility in Zhangjiagang, China. The project is Valvolines first plant in China. Fluor booked the undisclosed contract value in the fourth quarter of 2018.
With the growing automotive market in China, Fluor will assist Valvoline to meet the demand for its products by delivering this facility on schedule and with execution excellence, said Sandeep Nibber, president of Fluors Energy & Chemicals business in Asia-Pacific. Fluor is bringing several cost-competitive innovations, including minimizing onsite tank farm fabrication work, to perform this schedule-driven project.
The 80,000-square-meter plant will have the capacity to produce more than 30 million gallons of finished lubricants and coolants annually for passenger cars and heavy duty vehicles. More than 600 workers are expected onsite at peak during construction. Production at the plant is expected to begin by the end of 2020.
About Fluor Corporation
Founded in 1912, Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that transforms the world by building prosperity and empowering progress. Fluor serves its clients by designing, building and maintaining safe, well executed, capital-efficient projects around the world. With headquarters in Irving, Texas, Fluor ranks 153 on the Fortune 500 list with revenue of $19.5 billion in 2017 and has more than 56,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on Facebook, Twitter, LinkedIn and YouTube.
Brian Mershon/Brett Turner