Supports Fluor’s strategy focusing on core markets

Fluor– Fluor Corporation (NYSE: FLR) recently announced the launch of Virta Inc. (Virta), a fully-owned subsidiary of Fluor Enterprises, Inc.

“Virta is aligned with Fluor’s strategy that focuses on our core markets,” said Leonardo Kaid, vice president of global business development and strategy for Fluor’s Mining and Metals business. “We are confident that the market is ready for Virta – a material handling design-supply company that capitalizes on Fluor's existing material handling technical capabilities, project execution experience and global reach, combined with a lean, agile and capital efficient DNA.”

The Virta team is led by Grant Graber, PE, a seasoned industry professional with 30 years of experience in the design and supply of material handling systems, and is supported by Fluor’s global team of renowned subject matter experts in bulk material handling and pit-to-port solutions.

Virta’s expertise allows Fluor to expand further into the mining and metals market in a controlled way by adding low risk margin streams to the company.

Virta adds strength to Fluor’s existing world-class material handling capabilities by providing a flexible, lean, solutions-based approach in response to the growing demand for innovative and capital efficient design-supply material handling systems for global clients. Virta’s expertise spans across markets including mining and mineral processing, industrial manufacturing facilities, and ports and terminals.

Virta offers full design-supply solutions for bulk material handling systems for overland conveying, crushing and screening, plant and underground conveyors, stockpiling and reclaim, mills and concentrators, and storage and loading facilities.

About Virta

Virta builds on previous successful design-supply projects, global fabrication capability and established supply chain relationships while leveraging existing regional presence and driving further engagement with owner operations. The company provides solutions that address major industry trends including the following:

• Transportation of ores from two or more ore bodies to a centralized processing plant
• Ore conveying as a more economic and environmentally favorable alternative to trucking
• The wider application of heap leach technology as a result of improved leaching technologies
• Significant demand growth in conveying and stacking systems for dry tailings
• Underground crushing and conveying systems engineered in collaboration with mining development
• In-pit crushing and conveying (IPCC)
• Off-site pre-assembly and modularization
• Single-source design/supply and vertical packaging of complete material handling solutions and systems

About Fluor Corporation

Founded in 1912, Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that transforms the world by building prosperity and empowering progress. Fluor serves its clients by designing, building and maintaining safe, well executed, capital-efficient projects around the world. With headquarters in Irving, Texas, Fluor ranks 164 on the Fortune 500 list with revenue of $19.2 billion in 2018 and has more than 53,000 employees worldwide. For more information, please visit www.fluor.com or follow Fluor on Facebook, Twitter, LinkedIn and YouTube.