In 1968 the company created Fluor Ocean Services, an umbrella management company headquartered in Houston. Schine, Eric, “Cleaning Up at Fluor,” Business Week, October 5,1992, pp. The three pooled their money in 1890 to start a saw and paper mill called Rudolph Fluor & Brother. This account has been disabled. There is a problem with your email/password. Clinton, New Jersey 08809-4000 The brothers initiated many employee benefit programs and were considered enlightened employers. Fluor incorporated his business as Fluor Construction Company in 1924 with a capital investment of $100,000. Carroll then initiated a much more significant restructuring, which was announced in March 1999. The company was not prepared for the crash in metals prices of the early 1980’s. . . As a result, the company sold assets, reorganized, and combined subsidiaries in an effort to reduce its losses. The pressures and energy needs of World War II led Fluor into more new work areas. Encyclopedia.com. This flower has been reported and will not be visible while under review. In October 1998, soon after Carroll came on board, Fluor abandoned its attempt to sell American Equipment Company, its equipment rental and sales unit, having announced its intention to divest the unit only the previous March. 51-52. Fluor was founded in 1912 by John Simon Fluor as Fluor Construction Company. In the first half of the decade, Fluor actively diversified its operations, contracting work for the U.S. Air Force at Dhahran Air Base and for refineries in Puerto Rico. Quickly see who the memorial is for and when they lived and died and where they are buried. Founded in 1912, the company was started by John Simon Fluor Sr. with a modest investment of $100. It grew quickly, predominantly by building oil refineries, pipelines and other facilities for the oil and gas industry, at first in California, and then in the Middle East and globally. 51–52. Reingold, Jennifer, “No Respect: What Do Rodney Dangerfield and Fluor’s Les McGraw Have in Common?,” Financial World, March 14, 1995, pp. More projects followed, including designing and building plants for the petrochemical industry in Canada, Scotland, Australia, and South Africa. Early in the war years, Fluor had only a few months to develop facilities and personnel capable of producing high-octane gasoline and synthetic rubber. Fluor also set up subsidiaries and management organizations in Europe, Indonesia, South Africa, Alaska and Saudi Arabia, the last being a $5 billion gas program. Fluor's story begins with a Swiss émigré who, upon arriving in the United States knew only one English word--'hello.' (pictured far right) 1972 Fluor is selected to build the pumping stations for the Alyeska (TransAlaska) Pipeline. Try again later. But as uncertainties of continued operation in South Africa escalate, we felt that an orderly transfer of ownership at this time would be in the best interests of all concerned.” Fluor retained a repurchase option on the divested South African assets. Mr. Fluor was a frequent visitor in Oshkosh during the years since he moved to California.Survivors include three sons, Peter of Anaheim, Calif., Simon Jr., of Anaheim, and Fred of Santa Ana; and two daughters, Mrs. Esther Gardner of Santa Ana, and Mrs. Elsie Diagle of Anaheim.Mr. As the company continued to lose money from 1983 through 1986, it earnestly sought a return to profitability, finally deciding it must divest some of its holdings and restructure the entire enterprise. After a few years of declines in business, Fluor turned to the U.S. government for contracts in the early 1950s, and thus entered another new area of work. Please try again later. The brothers initiated many employee benefit programs and were considered enlightened employers. Also an additional volunteer within fifty miles. The company’s coal mining concern, A.T. Massey Coal Company, increased its reserves of high-quality, low-sulfur coal to nearly one billion tons, ranking it among the five largest U.S. coal companies. In 1944 J. Simon Fluor died. The center was to be run by a former oil company employee and controlled by the donors. After outgrowing two different facilities, Fluor built new quarters in Los Angeles and consolidated all general offices in one building in 1927. Done The source says "John Simon "Si" Fluor Jr." which is what I have now placed in the text. Peter Fluor died unexpectedly in 1947 at age 52. In order to lessen its dependence on the oil market and to develop a more diversified clientele, Tappan decided in 1986 to merge Daniel International with Fluor to create Fluor Daniel Inc. Operating as the major subsidiary of Fluor Corp., the creation of Fluor Daniel enabled the company to capitalize on the industrial business that had been Daniel’s strength. GREAT NEWS! (714) 975-2000, Public CompanyIncorporated: April 28, 1924Employees: 22,309Sales: $4.17 billionMarket value: $1.268 billionStock Index: New York Amsterdam London GenevaBasle Zurich. Are you adding a grave photo that will fulfill this request? About Fluor Corporation. Peter Fluor died unexpectedly in 1947 at age 52. Box 1470 Nine years later he traveled on his own to California and started ’a general construction business under his own name. Fluor recognized that the emerging California petroleum industry held enormous potential, so in 1921 he began to tailor his engineering and construction work to meet the demands of the field. From a high of $71 in 1981, Fluor stock fell to lower than $20 by 1985, and the company accumulated $724 million in debt. Public Company Byrne, Harlan S., “Fluor Corp.,” Barron’s, October 21, 1991, pp. The company’s activities in the 1970s focused heavily on the international natural resources industries: oil, gas and nuclear power. While Fluor’s coal business thrived, generating an operating profit of $80 million, the company’s lead concern, the Doe Run Company, suffered from a considerable drop in the price of lead. Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. However, the date of retrieval is often important. Becoming a Find a Grave member is fast, easy and FREE. Fluor left his native country in 1888 at the age of 21, joining his two older brothers who had settled in Oshkosh, Wisconsin. The latter is a source of financial backing for engineering and construction projects. Wrubel, Robert, “Transforming Fluor,” Financial World, May 30, 1989, pp. For the fiscal year ending in October 1999, a $130 million charge contributed to a 56 percent drop in profits, to $104.2 million. Verify and try again. Fluor left Oshkosh in 1912 and since then had been engaged in the construction field, mostly for the petroleum industry, and also organized a Los Angeles firm which manufactures cooling apparatus for oil. John Fluor acted as its President and contributed $100 in personal savings to help the business get started.The company was renamed Fluor Bros. Construction Co. in 1903. They were the Fluor aerator tower, patented in 1932; and the Fluor air-cooler muffler, patented in 1938. In the computerization area, the company began using computers throughout its offices for both engineering projects and management needs during the 1960s. In early 1998 McCraw took early retirement for health reasons. The firm now focuses on engineering and construction services, and natural resources management. Encyclopedia.com. The immediate postwar years were a time of significant international expansion for the company; the firm secured contracts for refineries and natural gas plants in Canada and Venezuela. Remove advertising from a memorial by sponsoring it for just $5. GREAT NEWS! No animated GIFs, photos with additional graphics (borders, embellishments. Around the same time Fluor established a new subsidiary called Deep Oil Technology for deep-ocean recovery of oil. Ramirez, Anthony, “The Big Chill at Fluor,” Fortune, May 13, 1985, pp. W e h a v e led the way in building some of the largest, most significant projects in human history . Many more assignments in the nuclear field followed. 1959 First Fluor office in Haarlem, The Netherlands. Fluor, J. Robert, Fluor Corporation: A 65-Year History, New York: Newcomen Society, 1978. (714) 975-2000Fax: (714) 975-5981, Public Company Incorporated: 1924 as Fluor Construction CompanyEmployees: 43,605Sales: $6.60 billionStock Exchanges: New York Chicago Pacific Amsterdam London SwissSICs: 1629 Heavy Construction Nec; 1542 Nonresidential Construction Nec; 1541 Industrial Buildings & Warehouses; 8711 Engineering Services; 1799 Special Trade Contractors Nec; 1521 Single-Family Housing Construction. Reversing its past strategy of broad diversification, Fluor narrowed its interests to two basic areas. From a high of $71 in 1981, Fluor stock fell to lower than $20 by 1985, and the company accumulated $724 million in debt. "Fluor Corporation Try again later. saveTextPlaceholder. McCraw also oversaw a speeding up of the diversification program started by his predecessor, with 1994 standing out as a key turning point. Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Web site: http://www.parsons.com Daniel was an industrial contractor with revenues over $1 billion a year that in many ways complemented the Fluor portfolio. Failed to remove flower. Fluor was reorganized into five semiautonomous business units, the three most important of which were: Fluor Daniel, A.T. Massey Coal, and Fluor Global Services. Peter Fluor seemed to be a born salesman, and associates called him “the company engine.” He led Fluor’s development through the Depression and World War II. Founded in 1912, the company was started by John Simon Fluor Sr. with a modest investment of $100. Family members linked to this person will appear here. He asked executives of 40 major companies that dealt with the Saudis to fund a $22 million Middle East Studies Center at the university. . An interim officer followed him in the presidency, and in 1949 the permanent successor, Donald Darnell, took over. Fluor’s business continued increasing until the stock market crashed in October 1929. The big expansion push engineered by McCraw hit a snag in early 1997 when Fluor’s profits began suffering from a spate of low-margin contracts and increased competition stemming from industry overcapacity. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list. After J. Robert Fluor’s death in 1984, David S. Tappan, Jr. moved up from the Fluor presidency to become chief executive officer. “Peter understood well the family spirit of the founder, John Simon Fluor—that the company’s primary assets are its phenomenal people—and he lives … Poole, Claire, “Construction,” Forbes, January 7, 1991, pp. 126-28. Fluor invested $100 into his humble construction company to get it off the ground. Between 1940 and 1943, Fluor facilities John Simon Fluor Jr., Chairman. The company’s coal mining concern, A.T. Massey Coal Company, increased its reserves of high-quality, low-sulfur coal to nearly one billion tons, ranking it among the five largest U.S. coal companies. By the time the Korean War created massive petroleum product needs in 1950, Fluor’s reputation was so widespread that it was a natural choice for many energy-producing projects. Employees: 10,700 Fluor Corporation is one of the world’s largest engineering, construction, maintenance, and related technical service companies. At the time of the reincorporation, Peter Fluor and his brother J. Simon Fluor, Jr. encouraged company employees to take advantage of the company’s success by offering them Fluor stock at one dollar per month per share. After a few years of declines in business, Fluor turned to the U.S. government for contracts in the early 1950s, and thus entered another new area of work. Please enter your email address and we will send you an email with a reset password code. ABB Ltd.; AGRA Inc.; Ansaldo; ARCADIS NV; Arch Coal, Inc.; Bechtel Group, Inc.; Black & Veatch; Bouygues S.A.; CH2M Hill Companies, Ltd.; Day & Zimmermann, Inc.; Foster Wheeler Corporation; Groupe GTM; Halliburton Company; Hyundai Group; J.S. In February 1997 the company announced that it would take a $140 million pretax charge to cover cost overruns on two major contracts and would launch a restructuring aimed at cutting $100 million out of its bloated overhead, which had reached nearly $700 million because of McCraw’s worldwide expansion. Ocean Services quickly became a worldwide company. Peter Fluor died unexpectedly in 1947 at age 52.Source: International Directory of Company Histories, Vol. As the need for environmental waste management begins to build, Fluor appears poised to reap the rewards. Revenues fell for the second straight year, reflecting the narrowing scope of the company’s engineering and construction operations. Fluor sold all the oil properties and some of the gold affiliated with its St. Joe Minerals operation, all its offshore drilling facilities, and some of the corporate offices it had built during the 1970s. P.O. The company was originally founded in Southern California as a general contracting business by Swiss immigrant John Simon Fluor in 1912. 42 +. During this period of rapid expansion and large international contracts, Darnell became chairman of the company, J. Simon Fluor, Jr., became president and chief executive officer, and J. Robert Fluor, grandson of the founder, became executive vice-president. The collapse of oil prices in the beginning of the decade marked the end of Fluor’s $1 billion-plus contracts to construct oil refineries and petrochemical facilities, and the company began to suffer disastrous losses, recording its largest at $633 million in 1985. 104 +. The company purchased Utah Construction and Mining Company, forming the subsidiary Fluor Mining & Metals, Inc. Fluor Australia, another mining interest, was set up soon afterward. As the company grew, Fluor’s leadership recognized the critical value of recruiting a staff trained in the most current, sophisticated construction methods. Also during the Depression, Fluor registered patents on two of the company founder’s inventions. The center was to be run by a former oil company employee and controlled by the donors. Fluor received a contract to erect a cooling tower in 1921. The company’s activities in the 1970’s focused heavily on the international natural resources industries: oil, gas and nuclear power. The dramatic losses incurred throughout the early 1980s had convinced Tappan that Fluor’s survival would not be assured if the company remained almost entirely dependent upon the cyclical oil industry for its business. 34. All photos appear on this tab and here you can update the sort order of photos on memorials you manage. Fluor Corporation (NYSE: FLR) designs, builds and maintains many of the world's most challenging and complex projects. Rose, Frederick, “Fluor, After Touting Big Expansion, Tightens Its Belt,” Wall Street Journal, May 5, 1997, p. B4. Ti…, Archer-Daniels-Midland Company 1952 John Simon Fluor Jr. named fourth Fluor president. Management knew about the mining industry from its experience building facilities for mines. Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA). Similarly, whereas the company employed 44,000 people in 1981, five years later there were half as many employees. The company increased its operating profit throughout the downturn, benefiting from a $5 billion contract to manage and construct the production facilities of Saudi Aramco and other work in the Middle East resulting from the destruction of petroleum facilities during the war in the Persian Gulf. Your account has been locked for 30 minutes due to too many failed sign in attempts. However, the company’s $2.2 billion purchase of St. Joe Minerals in 1981 proved to be a devastatingly costly move. Name: John Simon Fluor: Gender: Male: Description: John Simon Fluor is the founder of Fluor Corporation. To add a flower, click the “Leave a Flower” button. https://www.encyclopedia.com/books/politics-and-business-magazines/fluor-corporation-1, "Fluor Corporation This diverse customer base served Fluor well in the early 1990s when a recession crippled many construction companies. For the fifth consecutive year Fluor Daniel recorded an operating profit, increasing 15 percent from 1991 to $191 million. Although Fluor continued to construct petroleum refineries for $1 billion and upwards—most notably in Saudi Arabia—the company’s recovery was due to the diversity of its clientele. The Southern California Gas Company asked him to build an office and numerous meter shops in 1915, and afterward Fluor received a contract for a compressor station from Industrial Fuel Supply Company. Two other significant divisions are American Equipment Company, Inc. and Fluor Venture Group. The company was not prepared for the crash in metals prices of the early 1980s. Peter Fluor succeeded him as president, and J. Simon Fluor, Jr. became executive vice president. John Simon Fluor started Fluor Corp. as a small general contracting business in 1912. Relatives. U.S.A. International Directory of Company Histories. The decision followed the collapse of negotiations with the leading bidder. ." It also began to be more selective about the projects it took on. GREAT NEWS! Encyclopedia.com. He was married over 50 years ago to the former Emma Sonnenberg of Oshkosh. Peter Fluor died unexpectedly in 1947 at age 52. The company also has considerable investments in the coal industry, producing steam coal for the electric generating industry and metallurgical coal for the steel industry. © 2019 Encyclopedia.com | All rights reserved. We found 100+ records for John Simon in Sarasota, Zephyrhills and 60 other cities in Florida. International Directory of Company Histories. Fluor’s business decreased sharply during the Depression years, but the company’s leadership wanted to keep its skilled personnel on the payroll. John Simon Fluor Jr., Chairman. Fax: (217) 424-5839 Pike consisted of three major divisions: a drilling operation (Western Offshore Drilling and Exploration Company), an equipment distributor (Republic Supply Company of California), and a specialty tubing and pipe distributor (Kilsby Tubesupply). Decatur, Illinois 62525 Fluor’s stated political position on the issue was that the company “still believes sanctions and withdrawal of U.S. firms from South Africa are counterproductive to achieving a peaceful solution to the problems of racial inequality. Despite, and in some cases because of, their differences, the two companies integrated efficiently. Fluor executives attributed a large part of the company’s success to its task force management concept, under which every Fluor project received all the tools, personnel and resources to get the job done, and the project director had full authority and responsibility for the entire project. 1952 John Simon Fluor Jr. named fourth Fluor president. The following year, the company’s stock began trading over the counter. Found more than one record for entered Email, You need to confirm this account before you can sign in. Fluor’s story begins with a Swiss emigré who when he arrived in the United States knew only one English word—”Hello.” Born in 1867, John Simon Fluor was a carpenter who had gained engineering experience while serving in the Swiss army. ——, “Fluor, Faced with Sliding Profits, Plans to Re-engineer,” Wall Street Journal, November 18, 1997, p. B4. In 1946 a contract for a grassroots refinery in Montana solidified Fluor’s reputation as a refinery engineering firm and helped lead to an assignment to expand the Aramco facilities in Saudi Arabia. Si Fluor Comes to America Charlie Daniel quits his job with a lumber company and goes out on his own to establish Daniel Construction. It completed the world’s largest offshore facility for natural gas in Java in 1976. He asked executives of 40 major companies that dealt with the Saudis to fund a $22 million Middle East Studies Center at the university. He began manufacturing large engine mufflers, expanding the company from strictly engineering to engineering and construction. During this period of rapid expansion and large international contracts, Darnell became chairman of the company, J. Simon Fluor, Jr. became president and chief executive officer, and J. Robert Fluor (the founder’s grandson) became executive vice president. P…, 3600 Lincoln Plaza In the first case, Fluor built refineries in Korea and Iran, extending its operations into two more nations. To further strengthen its move toward diversification, Tappan reorganized Fluor into five market sectors: process, power, industrial, hydrocarbon, and government. Among the major projects that Fluor Daniel was contracted to build during this period—either alone or through a consortium—were a $1 billion petrochemical complex in Kuwait; a $5 billion cleanup effort at a former U.S. Department of Energy plutonium production facility in Hanford, Washington; the $1.6 million Batu Hijau copper and gold mining project in Indonesia; and a $4.8 billion high-speed rail system in Florida. Founded in 1912 by John Simon Fluor as Fluor Construction Company in Santa Ana, California, the company quickly grew and expanding by building refineries and other infrastructure for … Fluor’s expansion got another boost later that year when the Shell Oil Company hired the firm to build a $100,000 refining unit in Illinois. Since those humble beginnings, the company has grown into one of the largest engineering & construction companies in the world. International Directory of Company Histories. Telephone: (217) 424-5200 Please check your email and click on the link to activate your account. 36-38. Incorporated: 1927 Close this window, and upload the photo(s) again. An interim officer followed him in the presidency, and in 1949 the permanent successor, Donald Darnell, took over. To suggest a correction or addition, visit the memorial page and click Suggest Edits. Private Compa…, Perryville Corporate Park By the time the Korean War created massive petroleum product needs in 1950, Fluor’s reputation was so widespread that it was a natural choice for many energy-producing projects. Ltd.; Fluor Daniel España, S.A. (Spain); Fluor Daniel Group Inc. (United Arab Emirates); Fluor Daniel International Limited (U.K.); Fluor Daniel Limited (U.K.); Tecnofluor Inc. (Venezuela). Share this memorial using social media sites or email. We do not have any photo volunteers within fifty miles of your requested photo location. The collapse of oil prices in the beginning of the decade marked the end of Fluor’s $1 billion-plus contracts to construct oil refineries and petrochemical facilities, and the company began to suffer disastrous losses, recording its largest at $633 million in 1985. Save to an Ancestry Tree, a virtual cemetery, your clipboard for pasting or Print. based on information from your browser. About Fluor Corporation. It completed the world’s largest offshore facility for natural gas in Java in 1976. Since those humble beginnings, the company has grown into one of the largest engineering & construction companies in the world. We have a volunteer within fifty miles of your requested photo location. In need of additional capital in 1929, the company reincorporated and changed its name to Fluor Corporation, Ltd. to reflect its involvement in fields outside construction. 112 +. Between 1924 and 1929 annual sales grew from $100,000 to $1.5 million. In Biographical Summaries of Notable People . The fall was compounded by a deep recession, a reduced inflation rate, and a collapse in petrochemical plant building because of the oversupply of oil. 13 Jan. 2021 . 1960s. Sales: $2.03 billi…, Bechtel Group, Inc. 1952 The Fluor Foundation is established. Stock Exchanges :New York Pacific In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. In order to slash an additional $160 million from Fluor’s still bloated overhead, 15 of Fluor Daniel’s 75 domestic and overseas offices were closed and about 5,000 jobs were eliminated from the workforce. https://www.encyclopedia.com/books/politics-and-business-magazines/fluor-corporation, "Fluor Corporation Revenues subsequently soared, from $7.85 billion in 1993 to $11.02 billion in 1996 (an increase of more than 40 percent), while net income climbed from $166.8 million to $268.1 million over the same period (more than 60 percent). 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