Fluor Announces Launch of Internet Enabled Global Equipment Trading Venture

Apr 26, 2001, 01:00 ET from Fluor Corporation

    ALISO VIEJO, Calif., April 26 /PRNewswire/ -- Fluor Corporation
 (NYSE:   FLR) today announced the launch of its Internet-enabled global
 equipment trading venture, GLOBEquip LLC.
     "We have completed the research and design phase of GLOBEquip as well as
 the testing and confirmation of the market opportunity.  With the successful
 launch of the fully functional website (www.globequip.com) GLOBEquip is ready
 to transact business and capture this exciting market opportunity," said
 Arnold Steenbakker, president of the New Ventures Group for Fluor.  "The
 management team is located at its permanent headquarters in the greater
 Atlanta area and is now ready to transition GLOBEquip into a full scale
 operation."
     Jeff Putman, former Fluor executive and current chief executive officer of
 GLOBEquip, commented on the new venture and its launch.
     "We have already been contacted by customers in more than 25 countries
 regarding the availability of construction and mining equipment products," he
 said.  "We will assist and provide value to owners with the disposition of
 their excess equipment by opening international growth markets to them."
     At the same time, noted Putman, the company will provide buyers with
 improved choices, quicker responses and lower overall transaction costs.
     "We will accomplish these efficiencies by leveraging the communication
 power of the Internet, leveraging our unique knowledge of the global equipment
 market and by utilizing the collective skills of our team and our partners,"
 added Putman.  "GLOBEquip doesn't stop when we find a buyer.  We manage the
 entire transaction process from end-to-end.  Our logistics and financial
 capabilities directly address the difficulties of cross-border and cross-ocean
 transactions."
     GLOBEquip is a Fluor Corporation-funded venture.  It is a web-enabled
 trading service company focused on the global construction and mining
 equipment markets.  The company offers an extensive service bundle including
 inspection, insurance, escrow, end-to-end logistics, currency exchange and
 commodity exchange.  Contact GLOBEquip at www.globequip.com.
     With 2000 revenues of $10 billion, Fluor Corporation provides services on
 a global basis in the fields of engineering, procurement, construction,
 operations, maintenance, project management and business services.
 
     For further information, please contact Media Relations, Keith Karpe,
 949-349-7661, or Lori Serrato, 949-349-7420, both of Fluor Corporation.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X48474197
 
 

SOURCE Fluor Corporation
    ALISO VIEJO, Calif., April 26 /PRNewswire/ -- Fluor Corporation
 (NYSE:   FLR) today announced the launch of its Internet-enabled global
 equipment trading venture, GLOBEquip LLC.
     "We have completed the research and design phase of GLOBEquip as well as
 the testing and confirmation of the market opportunity.  With the successful
 launch of the fully functional website (www.globequip.com) GLOBEquip is ready
 to transact business and capture this exciting market opportunity," said
 Arnold Steenbakker, president of the New Ventures Group for Fluor.  "The
 management team is located at its permanent headquarters in the greater
 Atlanta area and is now ready to transition GLOBEquip into a full scale
 operation."
     Jeff Putman, former Fluor executive and current chief executive officer of
 GLOBEquip, commented on the new venture and its launch.
     "We have already been contacted by customers in more than 25 countries
 regarding the availability of construction and mining equipment products," he
 said.  "We will assist and provide value to owners with the disposition of
 their excess equipment by opening international growth markets to them."
     At the same time, noted Putman, the company will provide buyers with
 improved choices, quicker responses and lower overall transaction costs.
     "We will accomplish these efficiencies by leveraging the communication
 power of the Internet, leveraging our unique knowledge of the global equipment
 market and by utilizing the collective skills of our team and our partners,"
 added Putman.  "GLOBEquip doesn't stop when we find a buyer.  We manage the
 entire transaction process from end-to-end.  Our logistics and financial
 capabilities directly address the difficulties of cross-border and cross-ocean
 transactions."
     GLOBEquip is a Fluor Corporation-funded venture.  It is a web-enabled
 trading service company focused on the global construction and mining
 equipment markets.  The company offers an extensive service bundle including
 inspection, insurance, escrow, end-to-end logistics, currency exchange and
 commodity exchange.  Contact GLOBEquip at www.globequip.com.
     With 2000 revenues of $10 billion, Fluor Corporation provides services on
 a global basis in the fields of engineering, procurement, construction,
 operations, maintenance, project management and business services.
 
     For further information, please contact Media Relations, Keith Karpe,
 949-349-7661, or Lori Serrato, 949-349-7420, both of Fluor Corporation.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X48474197
 
 SOURCE  Fluor Corporation