Fluor 2003 Annual Report Download - page 14

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FL UOR CORPORATION 2003 A N NUAL REPORT
INDUSTRIAL & INFRASTRUCTURE PAGE 12
Completed฀in฀2003,฀Fluor฀ A฀pharmaceutical฀develop-
managed฀construction฀ ment฀facility฀at฀Pfizer’s฀
services฀for฀the฀Four฀ European฀R&D฀headquarters฀ and฀has฀achieved฀1.7฀mil-
Seasons฀Resort฀Great฀ at฀Sandwich,฀Kent฀is฀in฀the฀ lion฀safe฀manhours฀on฀the฀
Exuma฀at฀Emerald฀Bay฀in฀ final฀stages฀of฀completion.฀ project.฀The฀five-storied฀
the฀Bahamas.฀Fluor’s฀qual- luxury฀resort฀featuring฀217฀ Fluor’s฀UK฀Life฀Sciences฀ facility฀will฀include฀35,500฀
ity฀control฀program฀was฀ guest฀rooms฀and฀suites฀and฀ division฀is฀responsible฀for฀ square฀meters฀of฀office฀
essential฀to฀achieve฀the฀ a฀Greg฀Norman-designed฀ construction฀and฀commis- space,฀laboratories฀and฀
five-star฀status฀for฀this฀ golf฀course. sioning฀for฀the฀facility฀ ancillary฀facilities.
Although strengthening commodity prices have yet Opportunities in telecommunications remain modest,
to translate into a broad market recovery in the mining primarily focused on emergency response networks or for
industry, a limited number of projects are developing for secure communications systems to address heightened
which Fluor is well positioned and is selectively pursuing. security concerns. Fluor was awarded work in each of these
Fluor began work on a number of feasibility studies that areas during 2003, including design of a new Emergency
were initiated during the year, which support an expanding Operations Center for the City of Los Angeles.
list of project prospects that are expected to move ahead in
2004. Global economic growth and increasing consump-
tion by China in particular, is driving increased demand
for copper and iron ore. Fluor has a strong market position
in South America, where projects to expand production of
copper are being planned. Similarly, anticipated invest-
ment in new iron ore production is primarily concentrated
in Australia, where Fluor has a long-established presence.