Fluor to Divest its Zhuhai Fabrication Yard in China

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fabrication yard technical

A fabrication yard is a large industrial site where steel, composites and other materials are cut, welded and assembled into finished structures or modules—such as ship hulls, offshore platforms, large piping systems or bridge sections—before they are moved to their final location. Investors monitor yards because their backlog, capacity and productivity directly affect project costs, schedules and future revenue: a busy, efficient yard supports steady cash flow, while delays or idle capacity can lead to cost overruns and missed deliveries.

12/20/2025 - 10:24 AM

IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced today that it has reached an agreement to divest its portion of its Zhuhai fabrication yard in China’s Guangdong province to Offshore Oil Engineering Co., Ltd. (COOEC). Fluor expects to receive $122 million (¥859 million yuan) in proceeds, based on current exchange rates, when the transaction is completed in the coming months.

Following completion of the transaction, COOEC will own 100% of the fabrication yard, which will be available, along with other COOEC facilities, to support fabrication needs for future Fluor opportunities.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 27,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $16.3 billion in 2024 and is ranked 257 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement, construction and maintenance services for more than a century. For more information, please visit www.fluor.com or follow Fluor on Facebook, Instagram, LinkedIn, X and YouTube.

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