Stork Awarded Maintenance Contract by Sitech in the Netherlands
Fluor Corporation (NYSE: FLR) announced a 26-month maintenance contract extension awarded to its subsidiary, Stork, by Sitech Manufacturing Services in the Netherlands. The contract, which will be booked in Q4 2020, reflects a strong, long-term partnership that has lasted 25 years. Stork will provide comprehensive maintenance and project services, including mechanical, electrical, and instrumentation services, at the Chemelot industrial complex. The agreement commenced in October 2020, with options for further extensions after December 2022.
- 26-month maintenance contract extension awarded to Stork by Sitech Manufacturing Services.
- Demonstrates a 25-year successful partnership, indicating strong client relationship.
- Will enhance revenue through additional services provided under the contract.
- None.
Fluor Corporation (NYSE: FLR) announced today that Stork, part of Fluor’s Diversified Services segment, was awarded a 26-month maintenance contract extension by Sitech Manufacturing Services in the Netherlands. Fluor will book the undisclosed value in the fourth quarter of 2020.
A Stork welder is shown providing services for one of the company's valued clients. (Photo: Business Wire)
“We are pleased that Sitech extended the contract with Stork to be their continued partner of choice for the coming years,” said Taco de Haan, president of Stork. “Stork and Sitech’s 25-year relationship exemplifies the importance of a successful business partnership. Both companies recognize the benefits derived from long-term partnerships that enable continuous performance improvement in safety, cost and overall plant asset performance.”
Under this framework agreement, Stork will provide maintenance services and will execute projects and turnarounds. The scope of work includes mechanical, electrical and instrumentation services complemented by a portfolio of specialist services such as valves and rotating equipment maintenance and repair, high-voltage services, calibration, on-site machining and bolting, and heat treatment services. Stork will deliver these services using its site office together with Stork’s nearby Solutions Center in Elsloo and Fluor’s local engineering capabilities. Services will be provided at various renowned asset owners at the Chemelot industrial complex site in Geleen, the Netherlands.
“This award renewal is another great indication that clients appreciate Stork’s strong performance in safety and delivery. Stork provides a broad portfolio of services for our clients in a very efficient one-stop-shop approach,” said Alejandro Escalona, Stork’s regional vice president, Europe. “We look forward to continuing our longstanding relationship with Sitech and to continuously improve together.”
The framework agreement started in October 2020 and has extension options after the expiration date in December 2022.
About Stork
Stork, a Fluor company, continually improves the performance of its clients’ assets through a wide range of integrated, innovative and data-driven solutions, from operations and maintenance to turnarounds and modifications. We are committed to growing our clients’ business sustainably and successfully by setting new standards of excellence in asset management. Underpinned with our core values— Safety, Integrity, Teamwork, Client Focus and Excellence— we aim to be the industry reference, every day, everywhere. For more information, please visit www.stork.com or follow us on Twitter @StorkTS, LinkedIn.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. Fluor’s 45,000 employees build a better world and provide sustainable solutions by designing, building and maintaining safe, well executed projects. Fluor had revenue of
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