Engineering and Construction Company Fluor Corporation has won contracts worth more than USD 1 billion for an aluminum plant in Saudi Arabia and a highway project in the US.

The company was awarded a contract from Maaden and Alcoa to provide engineering, procurement and construction management services for an automotive sheet facility in Ras Al Khair, Saudi Arabia. Fluor added USD 337 million to its backlog of contracted work in the Q2.

The company's scope of work includes designing, constructing and commissioning the plant which will have the capability to produce a range of products suitable for further downstream manufacturing in the aluminum complex. These products include automotive heat treated and non heat treated sheet, building and construction sheet and foil stock sheet.

Mr Rick Koumouris head of Fluor's mining & metals business said that “We are pleased to continue our relationship with Ma’aden and Alcoa to support the development of their aluminum complex in Saudi Arabia. This new manufacturing facility will help meet the global automotive industry’s growing demands for new, lighter materials.”

Once complete, the automotive sheet facility will produce lightweight aluminum to be used in vehicle manufacturing. The facilities will include a mine, alumina refinery, aluminum smelter and rolling mill.

Fluor’s office in Greenville, South Carolina will be responsible for the design and procurement services on the project. Fluor's Fluor Enterprises and its partner Transuburban Drive USA Investments also closed a $925 million contract with the state of Virginia to build new lanes on Interstate 95. It will book USD 691 million from that contract in the Q3.

Source - Trade Arabia

(www.steelguru.com)