Fluor Signs Memorandum of Understanding with China National Nuclear Corporation
December 04 2014 - 5:47PM
Business Wire
Fluor Corporation (NYSE: FLR) signed a memorandum of
understanding (MOU) with China National Nuclear Corporation (CNNC)
to cooperate on nuclear and renewable energy opportunities in
Europe and China. The MOU was signed today in Beijing by Dave
Dunning, Fluor executive vice president of business development and
strategy, and Qian Zhimin, president of CNNC.
Under the MOU, CNNC and Fluor will cooperate on a broad range of
civil nuclear-related opportunities in the U.K., Germany and China.
The arrangement also covers work in the renewable energy market
including wind farms and solar power projects.
“We are excited to cooperate with CNNC on potential nuclear and
renewable opportunities,” said Dave Dunning. “Our clients will
benefit from Fluor’s cost-effective, safe and secure solutions that
result from decades of experience on nuclear decommissioning
efforts and commercial nuclear new-build projects.”
“CNNC is the major investor in the nuclear power stations in
operation and under construction in China. It is also the main
R&D organization of nuclear technologies, the most important
engineering and construction contractor of nuclear power stations
and supplier of nuclear fuel,” said Mr. Qian. “CNNC will work with
Fluor to explore the full range of cooperation in Europe and China
based upon the principles of mutual benefits, win-win and
complementary of each other's strengths.”
CNNC is a large Chinese state-owned enterprise with more than
100 secondary member units across 20 provinces, autonomous regions
and municipalities and employs 100,000 employees.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering and
construction firm that designs and builds some of the world's most
complex projects. The company creates and delivers innovative
solutions for its clients in engineering, procurement, fabrication,
construction, maintenance and project management on a global basis.
For more than a century, Fluor has served clients in the energy,
chemicals, government, industrial, infrastructure, mining and power
market sectors. Headquartered in Irving, Texas, Fluor ranks 109 on
the FORTUNE 500 list. With more than 40,000 employees worldwide,
the company's revenue for 2013 was $27.4 billion. Visit Fluor at
www.fluor.com and follow on Twitter @FluorCorp.
Fluor CorporationMedia RelationsBrian Mershon,
469-398-7621orEric Krantz, 281-263-6030orInvestor RelationsKen
Lockwood, 469-398-7220orJason Landkamer, 469-398-7222
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