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Fluor Daniel Inc

BUSINESS
June 21, 1997 | Bloomberg News
Fluor Daniel Fernald will pay $8.4 million to settle a whistle-blower suit filed by an employee working on the cleanup of a closed Department of Energy uranium plant near Cincinnati. The 1993 suit claimed that the unit of Irvine-based Fluor Corp. overbilled the Department of Energy by more than $92 million. It sought fines and damages of more than $300 million. Fluor denied any wrongdoing.
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BUSINESS
May 29, 1997 | (Dow Jones)
Fluor Daniel Inc. and Sade, an Argentine construction company, received a joint contract to provide services for Cerro Vanguardia, a $237-million gold and silver mine and processing plant in the province of Santa Cruz, Argentina. Fluor Daniel said Wednesday that the contract is worth about $120 million to Fluor and Sade. The joint venture will provide basic engineering, project management, procurement and contracting, and construction services for the project.
BUSINESS
May 20, 1997 | John O'Dell
Fluor Daniel said Monday that it has won a contract to provide engineering and construction services for chemical giant Witco Corp.'s $600-million restructuring of its worldwide manufacturing facilities. The contract's value to Fluor Daniel, the engineering and construction arm of Irvine-based Fluor Corp., is $500 million. Connecticut-based Witco wants to modernize more than 20 manufacturing facilities. The contract calls for the work to be completed by the end of 1999.
BUSINESS
March 25, 1997 | JOHN O'DELL, TIMES STAFF WRITER
In the first of a series of job cuts to help slash costs by $100 million a year, Fluor Daniel Inc. said Monday it will reorganize its Chicago office, laying off or reassigning 100 of the 390 workers there. While Fluor officials won't comment on specifics of their cost-cutting plan, more layoffs are sure to be a part of it. As with most service companies, payroll costs are a big part of Fluor's $1.6 billion in annual operating expenses.
BUSINESS
February 28, 1997
Fluor Daniel said it has received a contract from Amoco Chemical Co., a unit of Amoco Corp., to expand Amoco Chemical's paraxylene plant in Decatur, Ala. Terms weren't disclosed. The expansion project will increase the plant's capacity by 350,000 metric tons a year. Paraxylene is used primarily as a feedstock to make purified terephthalic acid, which in turn is used to make polyester.
BUSINESS
January 10, 1997
Fluor Daniel said Thursday it has received two contracts valued at $30 million to manage a $400-million refinery modernization project in Poland. Fluor Daniel is serving as managing contractor with Polish partners Prosynchem and Prochem for the Rafineria Gdanska S.A. project. They will manage design, procurement and construction of a hydrocracker, hydrogen plant, sulfur plant and other units.
BUSINESS
December 11, 1996
Fluor Daniel Inc. said Tuesday it has formed a partnership with a company in India to undertake industrial engineering and construction work there. The agreement involves the Irvine company's Indian unit, Fluor Daniel India Pvt Ltd., and Tata Iron & Steel Co.'s India unit, Tata Technodyne Ltd. Financial terms were not disclosed.
BUSINESS
December 9, 1996
ICA Fluor Daniel has won a $50 million contract to build a truck assembly plant for Navistar International Corp. The plant, which will be located in Escobedo, in the northern Mexican state of Nuevo Leon, will have a production capacity of 65 units a day. It will also be designed to paint medium and heavy trucks. Under the contract, ICA Fluor Daniel will build three assembly buildings, a main office headquarters and some auxiliary facilities.
BUSINESS
October 25, 1996
Fluor Daniel Corp. may get a seven-year contract worth as much as $150 million to design and manage improvements at the Energy Department's Los Alamos National Laboratory in New Mexico, the department said Thursday. The contract, which involves as much as $800 million in improvements to some of the laboratory's nuclear facilities, could be awarded within a month, the DOE said.
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