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Fluor to Design and Build $2 Billion Diabetes API Manufacturing Facility for Novo Nordisk in North Carolina

Fluor Corporation (NYSE: FLR) has been awarded an engineering, procurement, construction and construction management contract by Novo Nordisk for its new $2 billion diabetes Active Pharmaceutical Ingredient (API) manufacturing facility in Clayton, North Carolina. Fluor has been providing basic design services since Novo Nordisk announced plans for the new facility in August 2015 and now will be executing the full scope of work. Fluor booked its $1.2 billion value of the investment in the fourth quarter of 2016.

“Fluor is honored to have the opportunity to assist Novo Nordisk in building this world-class facility in North Carolina to provide modern treatments to diabetes patients,” said Juan G. Hernández , president of Fluor’s Life Sciences and Advanced Manufacturing business. “This project is the single largest life sciences facility investment in North Carolina’s history, which fits well with Fluor’s legacy of building numerous significant life sciences and manufacturing projects in the southeast United States.”

“Novo Nordisk selected Fluor for this critical project, the largest in our history, based on their strong safety culture, technical competence in the life sciences industry and ability to deliver the full scope of work,” said Morten Nielsen, senior vice president, Novo Nordisk, and responsible for the construction of the new facility. “We look forward to continued strong cooperation for the success of this project.”

The new facility will measure more than 830,000 square feet, the equivalent of nearly seven football fields, and will produce life-saving medicines for use by patients around the world.

Nearly 2,500 craft employees and subcontractor jobs are expected at peak construction with about 700 new jobs at the facility when it is completed. Fluor participated in a groundbreaking event this past spring, and its Greenville, South Carolina office is leading the project, leveraging Fluor’s global resources as needed. Construction is expected to be completed in mid-2019.

Fluor’s unique integrated solutions model will enable the company to leverage its global expertise across business lines such as power generation, as well as its staffing and construction equipment entities, water expertise and others for this project.

About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company that designs, builds and maintains capital-efficient facilities for its clients on six continents. For more than a century, Fluor has served our clients by delivering innovative and integrated solutions across the globe. With headquarters in Irving, Texas, Fluor ranks 155 on the FORTUNE 500 list with revenue of $18.1 billion in 2015 and has more than 60,000 employees worldwide. For more information, please visit www.fluor.com or follow us on Twitter @FluorCorp .

About Novo Nordisk
Novo Nordisk is a global healthcare company with more than 90 years of innovation and leadership in diabetes care. Headquartered in Denmark, Novo Nordisk employs approximately 42,000 people in 75 countries and markets its products in more than 180 countries. For more information, visit novonordisk.com .

Contact:

Fluor Corporation
Media Relations:
Brian Mershon, 469-398-7621
Brett Turner, 864-281-6976
or
Investor Relations:
Geoff Telfer, 469-398-7070
Jason Landkamer, 469-398-7222

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