Fluor Achieves Mechanical Completion on BASF's Zhanjiang Project with 75M+ Safe Work Hours
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 17h ago
0mins
Source: Businesswire
- Outstanding Safety Record: Fluor has achieved mechanical completion on BASF's Zhanjiang Verbund project in China, with over 75 million work hours logged without a Lost Time Injury, underscoring the company's commitment to safety in complex chemical projects and enhancing its industry reputation.
- Significant Project Scale: This project represents BASF's largest investment to date, with Fluor providing critical engineering, procurement, and construction support for integrated operations, including an EOEG process unit and water treatment systems, thereby strengthening its long-term partnership with BASF.
- Resource Mobilization: At peak construction, approximately 13,000 workers were engaged across multiple areas, demonstrating Fluor's exceptional capability in resource allocation and project management, ensuring timely project advancement.
- Strategic Market Implications: The Zhanjiang Verbund site will become BASF's third-largest Verbund site globally, primarily serving the Chinese market, which is the largest and fastest-growing chemical market, and is expected to drive sustainable production models and meet rapidly increasing market demands.
Analyst Views on FLR
Wall Street analysts forecast FLR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLR is 49.25 USD with a low forecast of 40.00 USD and a high forecast of 57.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
3 Buy
3 Hold
0 Sell
Moderate Buy
Current: 43.440
Low
40.00
Averages
49.25
High
57.00
Current: 43.440
Low
40.00
Averages
49.25
High
57.00
About FLR
Fluor Corporation is a holding company that provides engineering, procurement, construction (EPC), fabrication and modularization, and project management services. The Company's segments include Energy Solutions, Urban Solutions and Mission Solutions. The Energy Solutions segment provides EPC services for traditional oil and gas markets, including the production and fuels, chemicals, LNG and power markets. The segment serves these industries with comprehensive project life-cycle services. The Urban Solutions segment provides EPC and project management services to the advanced technologies and manufacturing, life sciences, mining and metals, infrastructure industries and professional staffing services. The Mission Solutions segment provides high-end technical solutions to the United States and other governments. These include, among others, the DOE, the Department of Defense, FEMA and intelligence agencies. The segment also provides services to commercial nuclear clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
