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Fluor and Bayer Place Final Beam on New Cell Culture Technology Center in California


Fluor Corporation (NYSE: FLR) and Bayer placed the final steel beam today for Bayer’s new cell culture technology center being constructed in Berkeley, California. The state-of-the-art, Single Use Technology (SUT), biopharmaceutical manufacturing facility will produce future therapies for oncology and other diseases. It is scheduled to be ready for first clinical production in late 2021.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191212005901/en/

Fluor places the final steel beam on Bayer's new cell culture technology center in Berkeley, California this afternoon. (Photo: Business Wire)

Fluor places the final steel beam on Bayer's new cell culture technology center in Berkeley, California this afternoon. (Photo: Business Wire)

Fluor is providing engineering, procurement, construction management, commissioning and qualification services for the facility. In 2018, Fluor engaged in the conceptual study and front-end engineering design for the project.

“Fluor’s innovative plant layout and modularized construction solution has allowed this facility to be designed and built with capital efficiency and schedule optimization,” said Juan G. Hernández, president of Fluor’s Life Sciences and Advanced Manufacturing business line. “It has equated to a faster completion timeline, which in turn facilitates increased speed to market for new life saving treatments.”

Bayer selected GE Healthcare to provide its FlexFactoryTM SUT platform which is being incorporated into the project through a collaborative subcontract to Fluor. GE Healthcare is supplying all major unit operations, systems and ancillary equipment and components.

Fluor’s scope also includes utility process integration for the entire facility. Fluor’s San Francisco office is leading the project with support from the company’s offices in Greenville, South Carolina and Gliwice, Poland.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191212005901/en/

Fluor Corp. Stock

€37.89
-0.850%
The price for the Fluor Corp. stock decreased slightly today. Compared to yesterday there is a change of -€0.320 (-0.850%).
Currently there is a rather positive sentiment for Fluor Corp. with 3 Buy predictions and 0 Sell predictions.
With a target price of 42 € there is a slightly positive potential of 10.85% for Fluor Corp. compared to the current price of 37.89 €.
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