Fluor 2013 Annual Report Download - page 29

Download and view the complete annual report

Please find page 29 of the 2013 Fluor annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 148

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148

EQUIPMENTEQUIPMENT
AMECO actively supports Fluor’s construction
efforts and also pursues contracts with outside
customers. A key win came from Dow Chemical
in Freeport, Texas, where we negotiated an
agreement that covers all equipment needs for
the company’s massive Gulf Coast facility
expansion through all phases of construction.
We also strengthened our longstanding South
American presence, where we are leveraging
our extensive experience working on large
mining projects in Peru and Chile. We signed a
joint-venture agreement with Mitsui to provide
equipment throughout Colombia, which gives
us good leverage for the mining, oil and gas
and infrastructure projects in the country.
STAFFINGSTAFFING
TRS added to its global network of offices,
opening a branch in India to provide skilled
engineers for our project management contract
with Reliance. We fully expect to use this
office as a springboard to other opportunities
in this region.
FABRICATION FABRICATION
Most Fluor projects rely on fabrication services,
a vital capability that we have often outsourced.
We have recently strengthened our in-house
fabrication resources, so we can maintain
complete control over a project’s critical path,
and capture additional revenue. We currently
provide fabrication services through facilities in
Canada, the Philippines, Mexico and Australia.
We also have advanced our strategy to integrate
modularization, which gives us more control
over each project’s cost and schedule by
moving more of the work to the fabrication
yard. Our facilities are already executing
significant projects. For example, we are
providing approximately 700 metric tons of
fabricated steel to support our Gulf Coast
contracts alone, and we are currently bidding
new work with major clients.
CONSTRUCTIONCONSTRUCTION
Fluor construction projects require thousands
of skilled personnel. We provide the craft
workforce, field supervision staffing, and
technical support personnel that are needed
to deliver a successful project. In 2013, we
staffed up our craft workforce to support the
major construction projects the company has
underway. Two examples are the Gulf Coast
and Western Canada, where we are in the
process of building a workforce of thousands of
skilled craft labor to execute our projects there.
THE BLUEPRINTTHE BLUEPRINT
Fluor’s preference is to perform construction
on a self-perform basis, which necessitates
strong Global Services support. We will
continue to integrate our offerings into
the fabric of Fluor projects to help ensure
their success.
We will also continue to build out our
construction capability. This means we will
provide the best recruiting and training to
support Fluor projects, and we will attract
and retain these valuable people by giving
them outstanding training, a strong safety
culture, and predictable, ongoing work. We
are constantly working to further raise our
profile as the premier craft employer so that
the best people in the field invariably will be
wearing the Fluor badge.
Fabrication is an important and growing part
of our blueprint for growth. We are capturing
revenue that used to go to subcontractors,
and we will use that revenue to build even
more capacity and more value for our clients
and shareholders. Global Services is well
equipped to support the significant expected
upturn in construction projects now and into
the future.
2013 ANNUAL REPORT
FLUOR
PAGE
GS
27