Fluor Named Edison Awards Finalist for Innovative Modularization Project Execution Approach
By Business Wire News
Fluor Corporation was named as a 2015 Award Finalist by the Edison Awards™ for Fluor’s 3rd Gen Modular ExecutionSM approach. The distinguished awards, inspired by Thomas Edison’s persistence and inventiveness, recognize innovation, creativity and ingenuity around four criteria: concept, value, delivery and impact.
Clients benefit from the 3rd Gen Modular ExecutionSM approach through reduced material quantities associated with reduced facility footprints, productivity gains for work shifted to shop and reduced costs for field labor. Compared to traditional project execution methods, 3rd Gen can lower total installed costs for owners by up to 20 percent. Fluor is implementing this innovative approach on numerous projects including a 1 million ton-per-year carbon capture facility in Alberta, Canada which Fluor completed at the end of 2014.
“Fluor is pleased to be chosen as a finalist for the Edison Awards for our innovative project execution approach designed to improve our clients’ capital efficiency,” said Jason Kraynek, vice president of Fluor’s Business Transformation & Innovation group. “This recognition provides objective, third-party validation that Fluor’s 3rd Gen Modular ExecutionSM approach is not only innovative, but provides true project delivery value to our global clients.”
“It’s exciting to see companies like Fluor continuing Thomas Edison’s legacy of challenging conventional thinking,” said Frank Bonafilia, Edison Awards’ executive director. “The Edison Awards recognizes game-changing products and services and the teams that created them.”
Edison Award nominees are judged by more than 3,000 senior business executives and academic professionals from across the nation whose votes acknowledge the finalists’ success in meeting the award’s stringent criteria. The voting panel includes members of many professional organizations, including the American Society of Mechanical Engineers (ASME) and the Association of Technology Management & Applied Engineering (ATMAE). Award winners will be announced on April 23, 2015 at the Edison Awards Annual Gala in New York.
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 40,000 employees worldwide, the company’s revenue for 2014 was $21.5 billion. Visit Fluor at www.fluor.com and follow on Twitter @FluorCorp.
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