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Fri 3 Aug 2012 09:47 AM

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US firm wins $337m Saudi aluminium deal

Fluor Corp awarded contract by Maaden to work on new aluminium plant in Ras Al-Khair

US firm wins $337m Saudi aluminium deal

Engineering and construction company Fluor Corp has won a $337m contract for an aluminum plant in Saudi Arabia.

The company said it has been awarded a contract from Maaden and Alcoa Inc to provide engineering, procurement and construction management services for an automotive sheet facility in Ras Al-Khair, Saudi Arabia.

Fluor'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.

"We are pleased to continue our relationship with Maaden and Alcoa to support the development of their aluminum complex in Saudi Arabia," said Rick Koumouris, head of Fluor's Mining & Metals business.

"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 new facility is part of the Maaden-Alcoa aluminum complex that is currently under development in Saudi Arabia.

The facilities, which include a mine, alumina refinery, aluminum smelter and rolling mill, will be one of the largest and most efficient aluminum complexes in the world.

US-based Fluor Corp is a FORTUNE 200 company and had revenue of $23.4bn in 2011.

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