19481

Report

The

Fluor

Corporation

Ltd

signers engineers

The tors FLUOR

Corporation

Ltd 2500 South Atlantic Blvd Los Angeles 22

offices in Boston

Houston Kansas Ci ty

New York Pittsburgh

San Francisco Tulsa

A1111

To the Stockholders of The Fluor Corporation Ltd

Herewith is presented the report of the financial condishytion of The Fluor Corporation Ltd as of the close of the fiscal year October 311948 With the report and statement are the comparative figures as of October 31 1947 It is gratifying to observe from the statement that the year ended October 31 1948 was an excellent year in the comshypanys business

By the comparative figures it is noted that substantial gains were made by the company over the preceding year and in fact by comparing the statement for the year 1948 with the companys statements over all prior years it is disshyclosed that it is the most successful year financially that the company has enjoyed in its history

The sales for the year 1948 totalled the largest sales in the companys history The total sales for the year exceeded

41110)943 (our largest sales year prior to 1948) by $976946700 and as shown by the statement there was an increase over 1947 of $1077942200 The companys earning record for the year herevvith reported is the highest in its history

To illustrate the companys sound current financial conshydition is to observe from the report that working capital has been increased in the sum of $76255700 giving workshying funds of $298632000 Similar to the year 1947 the company ended the year 1948 with no long term debt bank loans or borrowed money of any kind

As we reported last year and are pleased to report again this year one of the most satisfactory results of the years operations was the companys ability to provide for Fluor employees throughout the organization a continuing unishyform pattern of wage and salary increases to meet the inshycreases in cost of living resulting from the changing and unsettled economic conditions

In addition to increased wages and salaries one of the most significant and beneficial results of the companys year of operations was its ability to pay into the two employees Retirement Benefit and Profit Sharing Trust Funds con- tributions of $75158200 an increase of $33366300 over

ligjthe prior Tears contributions Such contributions to the

A

eport Los Angeles January 15 1949

companys Retirement Benefit and Profit Sharing Trust Funds in terms of individual employee benefits meant 2273 added to base pay of the 642 employees qualified by length of service to participate in both trusts and 843 added to the base pay of 1318 employees qualified for Fluor Employees Benefit Trust Fund Number Two only which percentages were increased over the prior year by 575 and 170 respectively

The net profit after taxes indicates a net earning ofa $184710300 In view of the contemplated engineering building and the necessity of maintaining an adequate workshying capital to carry on our construction and manufacturing operations a considerable portion of this net profit was reshytained in the business however stockholders were paid dividends during the year amounting to $600 per share au increase of $200 per share over the prior year

I am certain that it is reasonable to represent that ourI customer relations remain on an excellent plane and that the company enjoys a backlog of business which leaves the company in a favorable position for 1949 It is well to obshyserve however the current trend of the times and to note the discussions and considerations being given for an inshycrease in taxes particularly as it relates to corporation lllisishynesses The proposals that are being publicized by the national and state governments for legislation expanding the tax structures increasing the rates and changing the labor and other laws that directly affect business if enacted in whole or in part certainly indicate a reasonable rigi to believe that we cannot expect as excellent a net profit year for 1949 as we enjoyed during the year the subject of the current report With our increase in current assets and working capital and our position of no debt it is reassuring that the company is in an excellent position to meet the contemplated changes

I am sure it is safc to say that no one is more conscious than your officers and directors of the fact that the comshypany could not llave enjoyed such a successful and profitshyable year as disclosed by the within report except for the loyalty support and ability of the companys employees and the confidence of its stockholders Without the full alshy

signers engineers

The tors FLUOR

Corporation

Ltd 2500 South Atlantic Blvd Los Angeles 22

offices in Boston

Houston Kansas Ci ty

New York Pittsburgh

San Francisco Tulsa

A1111

To the Stockholders of The Fluor Corporation Ltd

Herewith is presented the report of the financial condishytion of The Fluor Corporation Ltd as of the close of the fiscal year October 311948 With the report and statement are the comparative figures as of October 31 1947 It is gratifying to observe from the statement that the year ended October 31 1948 was an excellent year in the comshypanys business

By the comparative figures it is noted that substantial gains were made by the company over the preceding year and in fact by comparing the statement for the year 1948 with the companys statements over all prior years it is disshyclosed that it is the most successful year financially that the company has enjoyed in its history

The sales for the year 1948 totalled the largest sales in the companys history The total sales for the year exceeded

41110)943 (our largest sales year prior to 1948) by $976946700 and as shown by the statement there was an increase over 1947 of $1077942200 The companys earning record for the year herevvith reported is the highest in its history

To illustrate the companys sound current financial conshydition is to observe from the report that working capital has been increased in the sum of $76255700 giving workshying funds of $298632000 Similar to the year 1947 the company ended the year 1948 with no long term debt bank loans or borrowed money of any kind

As we reported last year and are pleased to report again this year one of the most satisfactory results of the years operations was the companys ability to provide for Fluor employees throughout the organization a continuing unishyform pattern of wage and salary increases to meet the inshycreases in cost of living resulting from the changing and unsettled economic conditions

In addition to increased wages and salaries one of the most significant and beneficial results of the companys year of operations was its ability to pay into the two employees Retirement Benefit and Profit Sharing Trust Funds con- tributions of $75158200 an increase of $33366300 over

ligjthe prior Tears contributions Such contributions to the

A

eport Los Angeles January 15 1949

companys Retirement Benefit and Profit Sharing Trust Funds in terms of individual employee benefits meant 2273 added to base pay of the 642 employees qualified by length of service to participate in both trusts and 843 added to the base pay of 1318 employees qualified for Fluor Employees Benefit Trust Fund Number Two only which percentages were increased over the prior year by 575 and 170 respectively

The net profit after taxes indicates a net earning ofa $184710300 In view of the contemplated engineering building and the necessity of maintaining an adequate workshying capital to carry on our construction and manufacturing operations a considerable portion of this net profit was reshytained in the business however stockholders were paid dividends during the year amounting to $600 per share au increase of $200 per share over the prior year

I am certain that it is reasonable to represent that ourI customer relations remain on an excellent plane and that the company enjoys a backlog of business which leaves the company in a favorable position for 1949 It is well to obshyserve however the current trend of the times and to note the discussions and considerations being given for an inshycrease in taxes particularly as it relates to corporation lllisishynesses The proposals that are being publicized by the national and state governments for legislation expanding the tax structures increasing the rates and changing the labor and other laws that directly affect business if enacted in whole or in part certainly indicate a reasonable rigi to believe that we cannot expect as excellent a net profit year for 1949 as we enjoyed during the year the subject of the current report With our increase in current assets and working capital and our position of no debt it is reassuring that the company is in an excellent position to meet the contemplated changes

I am sure it is safc to say that no one is more conscious than your officers and directors of the fact that the comshypany could not llave enjoyed such a successful and profitshyable year as disclosed by the within report except for the loyalty support and ability of the companys employees and the confidence of its stockholders Without the full alshy

r-shylegiance and benefit of the energy skill and determination outfear of contradiction that this event meets with the of each employee and the confidence of our stockholders hearty approval of customers employees and stockholders the record of 1948 certainly would not be recorded with It is a great source of satisfaction to welcome back to tl Statement of Financial Conditionthe same satisfaction as we feel in presenting the figures official family the man whom we have always known affecshyand facts on the following pages of the report tionately as Si Fluor THE FLUOR CORPORATION LTD

Respectfully su bni itted One of the pleasant and highly gratifying events in the

companys history is to report the return to the companys executive staff and directorate of J Simon Fluor Jr After October 31 two years of absence from the company he was induced to 1948 1947

Current Assetsreturn to lend his invaluable abilities experience and guid- BY ORDER OF THE Chairman of the Board

ance in the companys affairs I am sure it can be said with- BOARD OF DIRECTORS Cash $ 1071778 $ 877454U S Government securities 33000 69018 Accounts and notes receivable-less reserve 4129351 2560810 Estimated refund of prior years income taxes -0- 55574 Inventories-at lower of cost or replacement market 3326082 1877077Statement of Net Income 11185 9648Cash surrender value of life insurance

Total current assetsTHE FLUOR CORPORATION LTD YEAR ENDED OCTOBER 31 $ 8571396 $ 5449581

Current Liabilities Accounts payable $ 3119562 $ 15329841948 1947 Accrued payrolls bonuses and commissions 1166224 911626The Corporation received from Taxes other than income taxes 155689 147869

Sales Provision for estimated federal income taxes 1143601 633339Construction-Billing revenues $24372648 $15720709 - Total current liabilities $ 5585076 $ 3225818 Manufactured products (less discounts) 8682704 6518648

Royalties discounts and other 126156 16272 Working Capital $ 2986320 $ 2223763 )

Total sales and revenues $33181508 $22402086 Vr -Property Plant and Equipment Land buildings machinery equipment etc $ 2426517 $ 1981221 Which was used for Less reserves 892035 750868

Wages and salaries $11085841 $ 6677879 Net $ 1534482 $ 1230353Materials and services purchased from others 18093423 13045911 Wear and tear on plant and equipment (depreciation) Other Assets 168879 541064

Notes deposits etc $ 92546 $ 56855Contributions to employees profit sharing trust funds 751582 415917

Patents goodwill 28417 21946Interest on indebtedness 16830 21860 Deferred charges 53556 66628 State local and miscellaneous taxes 74249 35788 Total other assets $ 174519 $ 145429 Federal taxes on income 1143601 633339

Total $ 4695321 $ 3599545Total costs $31334405 $21371758

This left operating profit of $ 1847103 $ 1030328 Less Other Liabilities Deferred income-fees billed in advance $ 454884 $ 1013715Other income and adjustments

Net proceeds from insurance policies -0- 39199 Net Worth $ 4240437 $ 2585830 Miscellaneous adjustments -0shy 2051

Shareholders Ownership This left net income of $ 1847103 $ 1067476 Capital stock-divided into 32162 shares of $2500 par value $ 804050 $ 804050 The Company paid dividends of 192496 128648 Capital surplus 490025 504256

Income retained in the business 2946362 1277524And retained in the business for future needs $ 1654607 $ 938828 $ 4240437 $ 2585830

It LANet deduction

accountants certificate THE BOARD OF DIRECTORS

THE FLUOR CORPORATION LTD

LOS ANGELES CALIFORNIA

We have examined the statement of financial condition of THE FLUOR CORPO-

RATION LTD as of October 31 1948 and the statement of net income for the year then ended

have reviewed the system of internal control and the accounting procedures of the Company

and without making a detailed audit of the transactions have examined or tested accounting

records of the Company and other supporting evidence by methods and to the extent we

deemed appropriate Our examination was made in accordance with generally accepted auditshy

ing standards and included all procedures which we considered necessary in the circumstances

In our opinion the accompanying financial statements present fairly the posishy

tion Of THE FLUOR CORPORATION LTD at October 31 1948 and the results of its operations

for the year then ended in conformity with generally accepted accounting principles applied

on a basis consistent with that of the preceding year

DICKINSON amp EAGLE

Certified Public Accountants

Annual Shareholders Meeting is held on the second Monday in January at the main office in Los Angeles at

1 AM In accordance with the By-Laws of the Corporation which conform to

the Laws of the State of California no notice of meeting is required to be given

THE FLUOR CORPORATION LTD Los Angeles 22 New York Houston Pittsburgh Kansas City San Francisco Tulsa Bostor

It happ ene i Our customers in 1948 gave us a resoundshying vote of confidence They made it the greatest year in our history They the inshydustrial buyers of the world specified more

Fluor products and more Fluor services than ever before

Much of our -work is repeat business Our sales volume depends upon our reputation and our reputation depends

upon the delivery on time of a good job at the right price

We look at record-breaking 1948 with pleasshyure and pride Its the strongest evidence

AO that our work in 1947 1946 and the years before brought satisfaction and profit to our customers

Some of Fluors noteworthy activities of 1948 are pictorially presented on the following pages

Here is a partial list of companies that purchased Fluor products and services in 1948

American Cyanamid Co Ingersoll Rand Co Richfield Chemical Corp American Potash amp Chemical Corp Interstate Oil amp Pipe Line Co Richfield Oil Corporation Arabian Arnerican Oil Co Koppers Co Inc Salt Lake Refining CoAtlantic Seaboard Corporation

Lomita Gasoline Co Shamrock Petroleum Co Bahrein Petroleum Co Lone Star Gas Co Shell Chemical Co British American Oil Co Lone Star Producing Co Shell Oil Co

Sinclair Refining Co Carbide amp Carbon Chemical Corp Memphis Natural Gas Co California Portland Cement Co Magnolia Petroleum Co

Sinclair Prairie Oil Co Skelly Oil CoCarter Oil Company Mississippi Power amp Light Coamp Socony Vacuum Oil CoCelanese Corporation Mississippi River Fuel Corp Southern California Gas CoCities Service Oil Co Monsanto Chemical Corp

Colorado Interstate Gas Co Southern Counties Gas Co Cooper Bessemer Corp Natural Gas Pipe Line Co Southern Natural Gas Co

New York State Natural Gas Co Standard Oil Co Northern Natural Gas Co

Creole Petroleum Corp Stanolind Oil amp Gas CoE I DuPont de Nemours amp Co I

Ohio Fuel Gas Co Sun Oil CompanyEquitable Gas Co

Ohio Oil CompanyEthyl Corporation Louisiana Texas CompanyOklahoma Natural Gas CoEl Paso Natural Gas Co Texas Gas Transmission Corp Pacific Gas amp Electric Co Texoma Natl Gas Pipe Line CoFiltrol Corporation Ltd Panhandle Eastern Pipe Line Co

General Petroleum Corp Peoples Natural Gas Co Union Oil Company B F Goodrich Chemical Co Phillips Petroleum Co United Fuel Gas Company

United Gas Pipe Line CoGriscom Russell Co Pittsburgh amp W Va Gas Co Gulf Oil Corporation Public Service Co of III Virginia Gas Transmission Corp

Pure Oil CoHancock Chernical Co Virginia Gasoline amp Oil Co Humble Oil amp Refining Co Quaker State Oil Refining Co Warren Petroleum

construction for the co MailStry

_

The soda ash plant processes the raw materials from Lake Searles producing up to 60000 tons of soda ash and 30000 tons of borax a year To turn out this volume of finished products required the installation of some unusually large vessels No erection problems however because Fluors rigging equipment on the job was more than adequate

End of the production line where pure soda ash is bagged for market

The lowest and hottest place in the United States is Californias Death Valley In 1948 Fluor completed the construction of a soda ash plant in this desolate but mineral-rich spot

Brine and crystals from dry Lake Searles are pumped through four miles of pipeline to the plant shown below

Effluent treating plant designed and built by Fluor treats all the waste from the

drains of a large refinery and renders the water acceptable for return into the bayou

It also recovers certain oils and acids Dual design permits cleaning without shutdown Special

acid-resisting cement was employed to withstand the effects of the chemically active effluent

FLUOR

in 1948

_

Three different views of a liquified

petroleum gas recovery plant

constructed in Texas for a leading

chemical company

3 2

sn

A 20000-kw power plant designed by Fluor is in a land where water is scarce Water

necessary for the generator air coolers will be cooled by a three-cell Counterflo cooling tower located

on the power station roof However to hold water consumption to a minimum a battery

of air-cooled Fin-Fan beat exchangers (upper left) will be used to condense turbine steam

_

designed constructed kbby by

FLUOR A

11116r_l

Interior view showing

turbogenerators

I

1

t

r-The w ater -tr eating unit

Lime-recovery -unit Oil water

Complete 30000-kw power plant constructed treating system

in a large oil refinery on the gulf coast

a010 A

rt

shy

iacuter - 4 5

construction for the New 22000 barrels a day refinery designed and under construction by Fluor is scheduled for completion in 1949 A million yards of earth had to be moved before the first foundation was poured It is a model refinery incorporating all the latest safety features and is well planned for future expansion

Close-up of the catalytic cracking unit

In this view of the refinery the treating unit is in the foreground In the background from left to right are the crude unit boiler house and catalytic cracking unit

trNyr-

AMINE

Asir -----a

shy

111

KNTNE010 industry I FLUOR

Wax-finishing plant designed and constructed by Fluor in the southwest for a major oil company utilizes a percolation method n for processing four grades of wax Facilities for blending intermedishyate grades have been provided Also provided are facilities for the 1948regeneration of percolating clay and for the storage of surplus clay

ittipstInterior view shows the molds used for niaking 4114 k- 4kvke 7

1=zzZ-shywax slabs att1Z Sr ` ttr rry -_Z lSit1-6114 44-Le 7 -411ti_$1 11

Over-all vfew shciwing from left to right regenershy g ---- el 41 lj4 4shyating furnace and storage for spent clay elevator -

Ma i Zit gorit-4kr-lir46_ Tpercolaters exterior of wax-molding plant run-down

tanks for finished wax and pump house F44 - g I 141 _

I shy

t i1

- f 1k

qi4 i

nb 7 111111111Milil phipz vA 111

erh

rpi _

141 s II SI

4r16-1tiro c-F g

1Vshy

VP

i

7 6

accountants certificate THE BOARD OF DIRECTORS

THE FLUOR CORPORATION LTD

LOS ANGELES CALIFORNIA

We have examined the statement of financial condition of THE FLUOR CORPO-

RATION LTD as of October 31 1948 and the statement of net income for the year then ended

have reviewed the system of internal control and the accounting procedures of the Company

and without making a detailed audit of the transactions have examined or tested accounting

records of the Company and other supporting evidence by methods and to the extent we

deemed appropriate Our examination was made in accordance with generally accepted auditshy

ing standards and included all procedures which we considered necessary in the circumstances

In our opinion the accompanying financial statements present fairly the posishy

tion Of THE FLUOR CORPORATION LTD at October 31 1948 and the results of its operations

for the year then ended in conformity with generally accepted accounting principles applied

on a basis consistent with that of the preceding year

DICKINSON amp EAGLE

Certified Public Accountants

Annual Shareholders Meeting is held on the second Monday in January at the main office in Los Angeles at

1 AM In accordance with the By-Laws of the Corporation which conform to

the Laws of the State of California no notice of meeting is required to be given

THE FLUOR CORPORATION LTD Los Angeles 22 New York Houston Pittsburgh Kansas City San Francisco Tulsa Bostor

It happ ene i Our customers in 1948 gave us a resoundshying vote of confidence They made it the greatest year in our history They the inshydustrial buyers of the world specified more

Fluor products and more Fluor services than ever before

Much of our -work is repeat business Our sales volume depends upon our reputation and our reputation depends

upon the delivery on time of a good job at the right price

We look at record-breaking 1948 with pleasshyure and pride Its the strongest evidence

AO that our work in 1947 1946 and the years before brought satisfaction and profit to our customers

Some of Fluors noteworthy activities of 1948 are pictorially presented on the following pages

Here is a partial list of companies that purchased Fluor products and services in 1948

American Cyanamid Co Ingersoll Rand Co Richfield Chemical Corp American Potash amp Chemical Corp Interstate Oil amp Pipe Line Co Richfield Oil Corporation Arabian Arnerican Oil Co Koppers Co Inc Salt Lake Refining CoAtlantic Seaboard Corporation

Lomita Gasoline Co Shamrock Petroleum Co Bahrein Petroleum Co Lone Star Gas Co Shell Chemical Co British American Oil Co Lone Star Producing Co Shell Oil Co

Sinclair Refining Co Carbide amp Carbon Chemical Corp Memphis Natural Gas Co California Portland Cement Co Magnolia Petroleum Co

Sinclair Prairie Oil Co Skelly Oil CoCarter Oil Company Mississippi Power amp Light Coamp Socony Vacuum Oil CoCelanese Corporation Mississippi River Fuel Corp Southern California Gas CoCities Service Oil Co Monsanto Chemical Corp

Colorado Interstate Gas Co Southern Counties Gas Co Cooper Bessemer Corp Natural Gas Pipe Line Co Southern Natural Gas Co

New York State Natural Gas Co Standard Oil Co Northern Natural Gas Co

Creole Petroleum Corp Stanolind Oil amp Gas CoE I DuPont de Nemours amp Co I

Ohio Fuel Gas Co Sun Oil CompanyEquitable Gas Co

Ohio Oil CompanyEthyl Corporation Louisiana Texas CompanyOklahoma Natural Gas CoEl Paso Natural Gas Co Texas Gas Transmission Corp Pacific Gas amp Electric Co Texoma Natl Gas Pipe Line CoFiltrol Corporation Ltd Panhandle Eastern Pipe Line Co

General Petroleum Corp Peoples Natural Gas Co Union Oil Company B F Goodrich Chemical Co Phillips Petroleum Co United Fuel Gas Company

United Gas Pipe Line CoGriscom Russell Co Pittsburgh amp W Va Gas Co Gulf Oil Corporation Public Service Co of III Virginia Gas Transmission Corp

Pure Oil CoHancock Chernical Co Virginia Gasoline amp Oil Co Humble Oil amp Refining Co Quaker State Oil Refining Co Warren Petroleum

construction for the co MailStry

_

The soda ash plant processes the raw materials from Lake Searles producing up to 60000 tons of soda ash and 30000 tons of borax a year To turn out this volume of finished products required the installation of some unusually large vessels No erection problems however because Fluors rigging equipment on the job was more than adequate

End of the production line where pure soda ash is bagged for market

The lowest and hottest place in the United States is Californias Death Valley In 1948 Fluor completed the construction of a soda ash plant in this desolate but mineral-rich spot

Brine and crystals from dry Lake Searles are pumped through four miles of pipeline to the plant shown below

Effluent treating plant designed and built by Fluor treats all the waste from the

drains of a large refinery and renders the water acceptable for return into the bayou

It also recovers certain oils and acids Dual design permits cleaning without shutdown Special

acid-resisting cement was employed to withstand the effects of the chemically active effluent

FLUOR

in 1948

_

Three different views of a liquified

petroleum gas recovery plant

constructed in Texas for a leading

chemical company

3 2

sn

A 20000-kw power plant designed by Fluor is in a land where water is scarce Water

necessary for the generator air coolers will be cooled by a three-cell Counterflo cooling tower located

on the power station roof However to hold water consumption to a minimum a battery

of air-cooled Fin-Fan beat exchangers (upper left) will be used to condense turbine steam

_

designed constructed kbby by

FLUOR A

11116r_l

Interior view showing

turbogenerators

I

1

t

r-The w ater -tr eating unit

Lime-recovery -unit Oil water

Complete 30000-kw power plant constructed treating system

in a large oil refinery on the gulf coast

a010 A

rt

shy

iacuter - 4 5

construction for the New 22000 barrels a day refinery designed and under construction by Fluor is scheduled for completion in 1949 A million yards of earth had to be moved before the first foundation was poured It is a model refinery incorporating all the latest safety features and is well planned for future expansion

Close-up of the catalytic cracking unit

In this view of the refinery the treating unit is in the foreground In the background from left to right are the crude unit boiler house and catalytic cracking unit

trNyr-

AMINE

Asir -----a

shy

111

KNTNE010 industry I FLUOR

Wax-finishing plant designed and constructed by Fluor in the southwest for a major oil company utilizes a percolation method n for processing four grades of wax Facilities for blending intermedishyate grades have been provided Also provided are facilities for the 1948regeneration of percolating clay and for the storage of surplus clay

ittipstInterior view shows the molds used for niaking 4114 k- 4kvke 7

1=zzZ-shywax slabs att1Z Sr ` ttr rry -_Z lSit1-6114 44-Le 7 -411ti_$1 11

Over-all vfew shciwing from left to right regenershy g ---- el 41 lj4 4shyating furnace and storage for spent clay elevator -

Ma i Zit gorit-4kr-lir46_ Tpercolaters exterior of wax-molding plant run-down

tanks for finished wax and pump house F44 - g I 141 _

I shy

t i1

- f 1k

qi4 i

nb 7 111111111Milil phipz vA 111

erh

rpi _

141 s II SI

4r16-1tiro c-F g

1Vshy

VP

i

7 6

construction for the co MailStry

_

The soda ash plant processes the raw materials from Lake Searles producing up to 60000 tons of soda ash and 30000 tons of borax a year To turn out this volume of finished products required the installation of some unusually large vessels No erection problems however because Fluors rigging equipment on the job was more than adequate

End of the production line where pure soda ash is bagged for market

The lowest and hottest place in the United States is Californias Death Valley In 1948 Fluor completed the construction of a soda ash plant in this desolate but mineral-rich spot

Brine and crystals from dry Lake Searles are pumped through four miles of pipeline to the plant shown below

Effluent treating plant designed and built by Fluor treats all the waste from the

drains of a large refinery and renders the water acceptable for return into the bayou

It also recovers certain oils and acids Dual design permits cleaning without shutdown Special

acid-resisting cement was employed to withstand the effects of the chemically active effluent

FLUOR

in 1948

_

Three different views of a liquified

petroleum gas recovery plant

constructed in Texas for a leading

chemical company

3 2

sn

A 20000-kw power plant designed by Fluor is in a land where water is scarce Water

necessary for the generator air coolers will be cooled by a three-cell Counterflo cooling tower located

on the power station roof However to hold water consumption to a minimum a battery

of air-cooled Fin-Fan beat exchangers (upper left) will be used to condense turbine steam

_

designed constructed kbby by

FLUOR A

11116r_l

Interior view showing

turbogenerators

I

1

t

r-The w ater -tr eating unit

Lime-recovery -unit Oil water

Complete 30000-kw power plant constructed treating system

in a large oil refinery on the gulf coast

a010 A

rt

shy

iacuter - 4 5

construction for the New 22000 barrels a day refinery designed and under construction by Fluor is scheduled for completion in 1949 A million yards of earth had to be moved before the first foundation was poured It is a model refinery incorporating all the latest safety features and is well planned for future expansion

Close-up of the catalytic cracking unit

In this view of the refinery the treating unit is in the foreground In the background from left to right are the crude unit boiler house and catalytic cracking unit

trNyr-

AMINE

Asir -----a

shy

111

KNTNE010 industry I FLUOR

Wax-finishing plant designed and constructed by Fluor in the southwest for a major oil company utilizes a percolation method n for processing four grades of wax Facilities for blending intermedishyate grades have been provided Also provided are facilities for the 1948regeneration of percolating clay and for the storage of surplus clay

ittipstInterior view shows the molds used for niaking 4114 k- 4kvke 7

1=zzZ-shywax slabs att1Z Sr ` ttr rry -_Z lSit1-6114 44-Le 7 -411ti_$1 11

Over-all vfew shciwing from left to right regenershy g ---- el 41 lj4 4shyating furnace and storage for spent clay elevator -

Ma i Zit gorit-4kr-lir46_ Tpercolaters exterior of wax-molding plant run-down

tanks for finished wax and pump house F44 - g I 141 _

I shy

t i1

- f 1k

qi4 i

nb 7 111111111Milil phipz vA 111

erh

rpi _

141 s II SI

4r16-1tiro c-F g

1Vshy

VP

i

7 6

sn

A 20000-kw power plant designed by Fluor is in a land where water is scarce Water

necessary for the generator air coolers will be cooled by a three-cell Counterflo cooling tower located

on the power station roof However to hold water consumption to a minimum a battery

of air-cooled Fin-Fan beat exchangers (upper left) will be used to condense turbine steam

_

designed constructed kbby by

FLUOR A

11116r_l

Interior view showing

turbogenerators

I

1

t

r-The w ater -tr eating unit

Lime-recovery -unit Oil water

Complete 30000-kw power plant constructed treating system

in a large oil refinery on the gulf coast

a010 A

rt

shy

iacuter - 4 5

construction for the New 22000 barrels a day refinery designed and under construction by Fluor is scheduled for completion in 1949 A million yards of earth had to be moved before the first foundation was poured It is a model refinery incorporating all the latest safety features and is well planned for future expansion

Close-up of the catalytic cracking unit

In this view of the refinery the treating unit is in the foreground In the background from left to right are the crude unit boiler house and catalytic cracking unit

trNyr-

AMINE

Asir -----a

shy

111

KNTNE010 industry I FLUOR

Wax-finishing plant designed and constructed by Fluor in the southwest for a major oil company utilizes a percolation method n for processing four grades of wax Facilities for blending intermedishyate grades have been provided Also provided are facilities for the 1948regeneration of percolating clay and for the storage of surplus clay

ittipstInterior view shows the molds used for niaking 4114 k- 4kvke 7

1=zzZ-shywax slabs att1Z Sr ` ttr rry -_Z lSit1-6114 44-Le 7 -411ti_$1 11

Over-all vfew shciwing from left to right regenershy g ---- el 41 lj4 4shyating furnace and storage for spent clay elevator -

Ma i Zit gorit-4kr-lir46_ Tpercolaters exterior of wax-molding plant run-down

tanks for finished wax and pump house F44 - g I 141 _

I shy

t i1

- f 1k

qi4 i

nb 7 111111111Milil phipz vA 111

erh

rpi _

141 s II SI

4r16-1tiro c-F g

1Vshy

VP

i

7 6

construction for the New 22000 barrels a day refinery designed and under construction by Fluor is scheduled for completion in 1949 A million yards of earth had to be moved before the first foundation was poured It is a model refinery incorporating all the latest safety features and is well planned for future expansion

Close-up of the catalytic cracking unit

In this view of the refinery the treating unit is in the foreground In the background from left to right are the crude unit boiler house and catalytic cracking unit

trNyr-

AMINE

Asir -----a

shy

111

KNTNE010 industry I FLUOR

Wax-finishing plant designed and constructed by Fluor in the southwest for a major oil company utilizes a percolation method n for processing four grades of wax Facilities for blending intermedishyate grades have been provided Also provided are facilities for the 1948regeneration of percolating clay and for the storage of surplus clay

ittipstInterior view shows the molds used for niaking 4114 k- 4kvke 7

1=zzZ-shywax slabs att1Z Sr ` ttr rry -_Z lSit1-6114 44-Le 7 -411ti_$1 11

Over-all vfew shciwing from left to right regenershy g ---- el 41 lj4 4shyating furnace and storage for spent clay elevator -

Ma i Zit gorit-4kr-lir46_ Tpercolaters exterior of wax-molding plant run-down

tanks for finished wax and pump house F44 - g I 141 _

I shy

t i1

- f 1k

qi4 i

nb 7 111111111Milil phipz vA 111

erh

rpi _

141 s II SI

4r16-1tiro c-F g

1Vshy

VP

i

7 6

moreconstruction for the TrIERO tLTIVil inaustry1)

( bg FLUOR ANOTHER FLUOR SERVICE n

Besides designing and constructing process Barrel-filling plant has a designed capacity of plants Fluor offers another service to the 1948180 barrels an hour and 625 cans a minute petroleum industry -- the complete mainte-In addition to barrel and can facilities grease- nance of existing facilities In 1948 a major oil making equipment for producing 112 million lbs company on the west coast selected Fluor to

perform all of the maintenance work in its largea month and lube-oil blending equipment for refinery in Northern California Fluor crewsproducing 1500 barrels a day are included while efficiently maintaining this refinery haveBelow the same plant during construction thus relieved the oil company of the many details and worries involved in plant upkeep

This crude still was built to process 30000 barrels of West Texas crude a day Within 30 hours of the time this unit was

put on stream iL was making specification products at the designed capacity

---ii-------

I shy _

Crude stabilizer unit designed by Fluor is one of the largest weathering units on record Its designed

capacity is 300000 barrels a day

8 9

Letivity in the Gasshynatural

Gasolinegas I

transmission e Et z

In order to better serve the mid-continent s and gulf coast areas Fluor in 1948 estabshy

lished a separate Gas-Gasoline DepartmentThe transmission of natural gas is 1

in Houston Texas This department alreadyanother industry in which Fluor long has designed and constructed several plants has been active Again in 1948 we sup- for the natural gasoline and gas industries

1

plied services and products for manY t

_of the major pipelines in this country shy

4 115

Portion of the Gas-Gasoline Department -17 drafting room

Sour natural gas unsuitable for commercial use and in the past wasted in incredible

73--79177quantities is now being utilized because of the Fluor Glycol-Amine process Above A A

Plant in New Mexico using this patented process Other Fluor-designed plants in the v

tit IMER same gas pipeline system treat a total of 400 million SCF of sour gas a day

1

aAnikoiliti 1[Iii shy

Construct ion is moving fast on this 18 million cubic feet a day gasoline plant which is pictured in these two views

At

This modern main-line 5000-hp compresshysor station complete with all auxiliaries was built by Fluor at Clifton Kansas

r11111

Another gas compressor station under construction at Gilbert West Virginia

gshy

10 11

AMR COO G LI

Fluor cooling towers offer colder water cheaper and this offer is backed with a clear-cut guarantee Guaranteed performance is a big reason why the sale of Fluor cooling towers (and Fluor Fin-Fan heat exchangers) increases year after year

-

Aerator cooling tower another of

Fluors products for producing colder

water cheaper 11111111111111111i 110=1111=11111M

- SONII - shy

4

-

11Pilfr-shy

--7FAMMEIPIONV

12

Fin-Fan air-cooled heat exchanger used for cooling jacket water in a gas compressor station

Counterflo catalog published in 1948 contains 36 pages

of useful cooling tower information

Four-cell induced-draft Counterflo cooling tower of the coil-shed type located in a gasoline plant

134

) Pulsation Dampeners Scientific progress is today moreMufflers Gas Cleaners 14 important to the growth of industry

than ever before Well aware of what this means to Fluors business in 1948 we

Sales on Fluor products in 1948 expanded our research and developmentreached an all-time high Continuous

facilities Skilled research engineers proshy rVelisetarchimprovements in production methods and product designs have resulted in vided with a well-equipped experimental increased acceptance for our products laboratory and pilot plants are constantlyeach succeeding year

developing testing and improving Fluor No vibration in this compressor plant products and processes to enable Fluor Reason Fluor Pulsation Dampeners were to better serve the oil gas and chemicalinstalled on both suction and discharge sides of the compressors industries

View of one of the Research Departments pilot plants

Fluor Air-Cooled Mufflers were redesigned to incorporate the pulsation dampener principle insuring smoother muffling and more efficient ventilating

Continuous research has made the Fluor Gas Cleaner tops in its field Pictured here are Fluor scrubbers on a southshywestern pipeline

-1461

r

F Automatic welder a recent addition at Paola will weld at one pass metal ranging from 16-gaugeh

sheets up to 1V2 plates It can

e

also be used for multi-pass welding 1 were

14

-

facilities -

in 1948 9

-14eir-450711 ot 111==-shy

_ - LW - 7 Upper left Portion of new =NMI

--A14210_---shy enlarged quarters for housshy-S 1 1--z-- -_ -44- vi- _ - - Pr -

ing part of the Los AngelesQr -K --z- -- Zjit la 1

- _ engineering staff - W 01degV111-7- shy47

-

11IF - LT -- I qlt deg

71shy- 41 -eshy

-2741degshy

-S Ls _At left Recent air view of

- our 2712-acre Los Angeles shy rshy

plant ri 1121 r a

HI rPshy4111k

Center right Another new machihe at Paola used for fast accurate bending of pipe up to 16 o d

-

Center left Our new Mixermobile will pour concrete to a height of four stories at the rate of 400 yards an eight-hour day It is easily

At right A new all-steel adaptable for highway travelbuilding including office

e - -7eFwarehouse garage and repair shop was erected At right Special multiple drilling machine at shyon a three-acre site at our LIour Los Angeles plant is one of the pieces 1Paola Kansas plant mowshyrat of equipment used in the prefabrication of

cooling towers

16 - 17

Au IIOPERATIONS 411 AT HOME AND ABROAD

V 1) ) Vacations

with Payemployee benefits Six Holidays

with Pay

Employees Retirement and Profit-sharing Trust Funds C_ompany pays 20 of net profits tnto these two funds

Group Accident and Sickness Insurance Hospital and Surgical Benefits

Company pays part for those desiring coverage

Service Pin Awards Awards made at annual Christmas parties

Group Life Insurance First $1000 coverage paid by the company additional coverage for those who desire it

Company-sponsored Athletic Program Golf and tennis tournaments bowling and baseball leagues basketball teams

Tratnee Program Engineering graduates of leading- colleges selected for training in all departments

A geographic breakdown of where Fluor products and services were sold in 1948

ALABAMA I ARIZONA

ARKANSAS CALIFORNIA COLORADO

CONNECTICUT i

GEORGIA ILLINOIS INDIANA E

IOWA E KANSAS am

KENTUCKY LOUISIANA

MASSACHUSETTS I

MICHIGAN i II-I -I MINNESOTA I -1

MISSISSIPPI I MISSOURI 1119ith

dir MONTANA millamwAta NEBRASKA

NEVADA NEW HAMPSHIRE I

NEW JERSEY

IF MAW NEW MEXICO

NEW YORK NORTH CAROLINA

OHIO OKLAHOMA

OREGON PENNSYLVANIA

TEXAS UTAH I

VIRGINIA I

WEST VIRGINIA WYOMING I

FOREIGN SALES ARABIA

CANADA I HOLLAND I

MEXICO I

PALESTINE II PHILLIPINE ISLANDS II

SUMATRA VENEZUELA-S A I

19 18

9

7

LUOR Corporation Ltd

directors

lt officers

executive committee

general counsel

auditors

Shirley E Meserve- Francis E Fischer

D NV Darnell - James P Wiseman

J S Fluor Jr J Robert Fluor

W Earl Dunn Foster M Stephens

W P Downey

Shirley E Meserve chairman of the board

D W Darnell president J S Fluor Jr executive vice president

W Earl Dunn vice president and general manager engineershy

ing and conAruction division

J Robert Fluor vice president and general manager manufacshy

turing division

lames P Wiseman Vice president and director of sales

Francis E Fischer secretary and treasurer

Park C Shelley assistant secretary

Shirley E Meserve J Robert Fluor D W Darnell Francis E Fischer

J S Fluor Jr John F Gardner W Earl Dunn

Meserve Mumper amp Hughes Los Angeles

Dickinson amp Eagle Lbs Angeles

BE SURE WITH FLUOR deg shy

1111119

00110 woo 0111104

1001N

Letivity in the Gasshynatural

Gasolinegas I

transmission e Et z

In order to better serve the mid-continent s and gulf coast areas Fluor in 1948 estabshy

lished a separate Gas-Gasoline DepartmentThe transmission of natural gas is 1

in Houston Texas This department alreadyanother industry in which Fluor long has designed and constructed several plants has been active Again in 1948 we sup- for the natural gasoline and gas industries

1

plied services and products for manY t

_of the major pipelines in this country shy

4 115

Portion of the Gas-Gasoline Department -17 drafting room

Sour natural gas unsuitable for commercial use and in the past wasted in incredible

73--79177quantities is now being utilized because of the Fluor Glycol-Amine process Above A A

Plant in New Mexico using this patented process Other Fluor-designed plants in the v

tit IMER same gas pipeline system treat a total of 400 million SCF of sour gas a day

1

aAnikoiliti 1[Iii shy

Construct ion is moving fast on this 18 million cubic feet a day gasoline plant which is pictured in these two views

At

This modern main-line 5000-hp compresshysor station complete with all auxiliaries was built by Fluor at Clifton Kansas

r11111

Another gas compressor station under construction at Gilbert West Virginia

gshy

10 11

AMR COO G LI

Fluor cooling towers offer colder water cheaper and this offer is backed with a clear-cut guarantee Guaranteed performance is a big reason why the sale of Fluor cooling towers (and Fluor Fin-Fan heat exchangers) increases year after year

-

Aerator cooling tower another of

Fluors products for producing colder

water cheaper 11111111111111111i 110=1111=11111M

- SONII - shy

4

-

11Pilfr-shy

--7FAMMEIPIONV

12

Fin-Fan air-cooled heat exchanger used for cooling jacket water in a gas compressor station

Counterflo catalog published in 1948 contains 36 pages

of useful cooling tower information

Four-cell induced-draft Counterflo cooling tower of the coil-shed type located in a gasoline plant

134

) Pulsation Dampeners Scientific progress is today moreMufflers Gas Cleaners 14 important to the growth of industry

than ever before Well aware of what this means to Fluors business in 1948 we

Sales on Fluor products in 1948 expanded our research and developmentreached an all-time high Continuous

facilities Skilled research engineers proshy rVelisetarchimprovements in production methods and product designs have resulted in vided with a well-equipped experimental increased acceptance for our products laboratory and pilot plants are constantlyeach succeeding year

developing testing and improving Fluor No vibration in this compressor plant products and processes to enable Fluor Reason Fluor Pulsation Dampeners were to better serve the oil gas and chemicalinstalled on both suction and discharge sides of the compressors industries

View of one of the Research Departments pilot plants

Fluor Air-Cooled Mufflers were redesigned to incorporate the pulsation dampener principle insuring smoother muffling and more efficient ventilating

Continuous research has made the Fluor Gas Cleaner tops in its field Pictured here are Fluor scrubbers on a southshywestern pipeline

-1461

r

F Automatic welder a recent addition at Paola will weld at one pass metal ranging from 16-gaugeh

sheets up to 1V2 plates It can

e

also be used for multi-pass welding 1 were

14

-

facilities -

in 1948 9

-14eir-450711 ot 111==-shy

_ - LW - 7 Upper left Portion of new =NMI

--A14210_---shy enlarged quarters for housshy-S 1 1--z-- -_ -44- vi- _ - - Pr -

ing part of the Los AngelesQr -K --z- -- Zjit la 1

- _ engineering staff - W 01degV111-7- shy47

-

11IF - LT -- I qlt deg

71shy- 41 -eshy

-2741degshy

-S Ls _At left Recent air view of

- our 2712-acre Los Angeles shy rshy

plant ri 1121 r a

HI rPshy4111k

Center right Another new machihe at Paola used for fast accurate bending of pipe up to 16 o d

-

Center left Our new Mixermobile will pour concrete to a height of four stories at the rate of 400 yards an eight-hour day It is easily

At right A new all-steel adaptable for highway travelbuilding including office

e - -7eFwarehouse garage and repair shop was erected At right Special multiple drilling machine at shyon a three-acre site at our LIour Los Angeles plant is one of the pieces 1Paola Kansas plant mowshyrat of equipment used in the prefabrication of

cooling towers

16 - 17

Au IIOPERATIONS 411 AT HOME AND ABROAD

V 1) ) Vacations

with Payemployee benefits Six Holidays

with Pay

Employees Retirement and Profit-sharing Trust Funds C_ompany pays 20 of net profits tnto these two funds

Group Accident and Sickness Insurance Hospital and Surgical Benefits

Company pays part for those desiring coverage

Service Pin Awards Awards made at annual Christmas parties

Group Life Insurance First $1000 coverage paid by the company additional coverage for those who desire it

Company-sponsored Athletic Program Golf and tennis tournaments bowling and baseball leagues basketball teams

Tratnee Program Engineering graduates of leading- colleges selected for training in all departments

A geographic breakdown of where Fluor products and services were sold in 1948

ALABAMA I ARIZONA

ARKANSAS CALIFORNIA COLORADO

CONNECTICUT i

GEORGIA ILLINOIS INDIANA E

IOWA E KANSAS am

KENTUCKY LOUISIANA

MASSACHUSETTS I

MICHIGAN i II-I -I MINNESOTA I -1

MISSISSIPPI I MISSOURI 1119ith

dir MONTANA millamwAta NEBRASKA

NEVADA NEW HAMPSHIRE I

NEW JERSEY

IF MAW NEW MEXICO

NEW YORK NORTH CAROLINA

OHIO OKLAHOMA

OREGON PENNSYLVANIA

TEXAS UTAH I

VIRGINIA I

WEST VIRGINIA WYOMING I

FOREIGN SALES ARABIA

CANADA I HOLLAND I

MEXICO I

PALESTINE II PHILLIPINE ISLANDS II

SUMATRA VENEZUELA-S A I

19 18

9

7

LUOR Corporation Ltd

directors

lt officers

executive committee

general counsel

auditors

Shirley E Meserve- Francis E Fischer

D NV Darnell - James P Wiseman

J S Fluor Jr J Robert Fluor

W Earl Dunn Foster M Stephens

W P Downey

Shirley E Meserve chairman of the board

D W Darnell president J S Fluor Jr executive vice president

W Earl Dunn vice president and general manager engineershy

ing and conAruction division

J Robert Fluor vice president and general manager manufacshy

turing division

lames P Wiseman Vice president and director of sales

Francis E Fischer secretary and treasurer

Park C Shelley assistant secretary

Shirley E Meserve J Robert Fluor D W Darnell Francis E Fischer

J S Fluor Jr John F Gardner W Earl Dunn

Meserve Mumper amp Hughes Los Angeles

Dickinson amp Eagle Lbs Angeles

BE SURE WITH FLUOR deg shy

1111119

00110 woo 0111104

1001N

AMR COO G LI

Fluor cooling towers offer colder water cheaper and this offer is backed with a clear-cut guarantee Guaranteed performance is a big reason why the sale of Fluor cooling towers (and Fluor Fin-Fan heat exchangers) increases year after year

-

Aerator cooling tower another of

Fluors products for producing colder

water cheaper 11111111111111111i 110=1111=11111M

- SONII - shy

4

-

11Pilfr-shy

--7FAMMEIPIONV

12

Fin-Fan air-cooled heat exchanger used for cooling jacket water in a gas compressor station

Counterflo catalog published in 1948 contains 36 pages

of useful cooling tower information

Four-cell induced-draft Counterflo cooling tower of the coil-shed type located in a gasoline plant

134

) Pulsation Dampeners Scientific progress is today moreMufflers Gas Cleaners 14 important to the growth of industry

than ever before Well aware of what this means to Fluors business in 1948 we

Sales on Fluor products in 1948 expanded our research and developmentreached an all-time high Continuous

facilities Skilled research engineers proshy rVelisetarchimprovements in production methods and product designs have resulted in vided with a well-equipped experimental increased acceptance for our products laboratory and pilot plants are constantlyeach succeeding year

developing testing and improving Fluor No vibration in this compressor plant products and processes to enable Fluor Reason Fluor Pulsation Dampeners were to better serve the oil gas and chemicalinstalled on both suction and discharge sides of the compressors industries

View of one of the Research Departments pilot plants

Fluor Air-Cooled Mufflers were redesigned to incorporate the pulsation dampener principle insuring smoother muffling and more efficient ventilating

Continuous research has made the Fluor Gas Cleaner tops in its field Pictured here are Fluor scrubbers on a southshywestern pipeline

-1461

r

F Automatic welder a recent addition at Paola will weld at one pass metal ranging from 16-gaugeh

sheets up to 1V2 plates It can

e

also be used for multi-pass welding 1 were

14

-

facilities -

in 1948 9

-14eir-450711 ot 111==-shy

_ - LW - 7 Upper left Portion of new =NMI

--A14210_---shy enlarged quarters for housshy-S 1 1--z-- -_ -44- vi- _ - - Pr -

ing part of the Los AngelesQr -K --z- -- Zjit la 1

- _ engineering staff - W 01degV111-7- shy47

-

11IF - LT -- I qlt deg

71shy- 41 -eshy

-2741degshy

-S Ls _At left Recent air view of

- our 2712-acre Los Angeles shy rshy

plant ri 1121 r a

HI rPshy4111k

Center right Another new machihe at Paola used for fast accurate bending of pipe up to 16 o d

-

Center left Our new Mixermobile will pour concrete to a height of four stories at the rate of 400 yards an eight-hour day It is easily

At right A new all-steel adaptable for highway travelbuilding including office

e - -7eFwarehouse garage and repair shop was erected At right Special multiple drilling machine at shyon a three-acre site at our LIour Los Angeles plant is one of the pieces 1Paola Kansas plant mowshyrat of equipment used in the prefabrication of

cooling towers

16 - 17

Au IIOPERATIONS 411 AT HOME AND ABROAD

V 1) ) Vacations

with Payemployee benefits Six Holidays

with Pay

Employees Retirement and Profit-sharing Trust Funds C_ompany pays 20 of net profits tnto these two funds

Group Accident and Sickness Insurance Hospital and Surgical Benefits

Company pays part for those desiring coverage

Service Pin Awards Awards made at annual Christmas parties

Group Life Insurance First $1000 coverage paid by the company additional coverage for those who desire it

Company-sponsored Athletic Program Golf and tennis tournaments bowling and baseball leagues basketball teams

Tratnee Program Engineering graduates of leading- colleges selected for training in all departments

A geographic breakdown of where Fluor products and services were sold in 1948

ALABAMA I ARIZONA

ARKANSAS CALIFORNIA COLORADO

CONNECTICUT i

GEORGIA ILLINOIS INDIANA E

IOWA E KANSAS am

KENTUCKY LOUISIANA

MASSACHUSETTS I

MICHIGAN i II-I -I MINNESOTA I -1

MISSISSIPPI I MISSOURI 1119ith

dir MONTANA millamwAta NEBRASKA

NEVADA NEW HAMPSHIRE I

NEW JERSEY

IF MAW NEW MEXICO

NEW YORK NORTH CAROLINA

OHIO OKLAHOMA

OREGON PENNSYLVANIA

TEXAS UTAH I

VIRGINIA I

WEST VIRGINIA WYOMING I

FOREIGN SALES ARABIA

CANADA I HOLLAND I

MEXICO I

PALESTINE II PHILLIPINE ISLANDS II

SUMATRA VENEZUELA-S A I

19 18

9

7

LUOR Corporation Ltd

directors

lt officers

executive committee

general counsel

auditors

Shirley E Meserve- Francis E Fischer

D NV Darnell - James P Wiseman

J S Fluor Jr J Robert Fluor

W Earl Dunn Foster M Stephens

W P Downey

Shirley E Meserve chairman of the board

D W Darnell president J S Fluor Jr executive vice president

W Earl Dunn vice president and general manager engineershy

ing and conAruction division

J Robert Fluor vice president and general manager manufacshy

turing division

lames P Wiseman Vice president and director of sales

Francis E Fischer secretary and treasurer

Park C Shelley assistant secretary

Shirley E Meserve J Robert Fluor D W Darnell Francis E Fischer

J S Fluor Jr John F Gardner W Earl Dunn

Meserve Mumper amp Hughes Los Angeles

Dickinson amp Eagle Lbs Angeles

BE SURE WITH FLUOR deg shy

1111119

00110 woo 0111104

1001N

) Pulsation Dampeners Scientific progress is today moreMufflers Gas Cleaners 14 important to the growth of industry

than ever before Well aware of what this means to Fluors business in 1948 we

Sales on Fluor products in 1948 expanded our research and developmentreached an all-time high Continuous

facilities Skilled research engineers proshy rVelisetarchimprovements in production methods and product designs have resulted in vided with a well-equipped experimental increased acceptance for our products laboratory and pilot plants are constantlyeach succeeding year

developing testing and improving Fluor No vibration in this compressor plant products and processes to enable Fluor Reason Fluor Pulsation Dampeners were to better serve the oil gas and chemicalinstalled on both suction and discharge sides of the compressors industries

View of one of the Research Departments pilot plants

Fluor Air-Cooled Mufflers were redesigned to incorporate the pulsation dampener principle insuring smoother muffling and more efficient ventilating

Continuous research has made the Fluor Gas Cleaner tops in its field Pictured here are Fluor scrubbers on a southshywestern pipeline

-1461

r

F Automatic welder a recent addition at Paola will weld at one pass metal ranging from 16-gaugeh

sheets up to 1V2 plates It can

e

also be used for multi-pass welding 1 were

14

-

facilities -

in 1948 9

-14eir-450711 ot 111==-shy

_ - LW - 7 Upper left Portion of new =NMI

--A14210_---shy enlarged quarters for housshy-S 1 1--z-- -_ -44- vi- _ - - Pr -

ing part of the Los AngelesQr -K --z- -- Zjit la 1

- _ engineering staff - W 01degV111-7- shy47

-

11IF - LT -- I qlt deg

71shy- 41 -eshy

-2741degshy

-S Ls _At left Recent air view of

- our 2712-acre Los Angeles shy rshy

plant ri 1121 r a

HI rPshy4111k

Center right Another new machihe at Paola used for fast accurate bending of pipe up to 16 o d

-

Center left Our new Mixermobile will pour concrete to a height of four stories at the rate of 400 yards an eight-hour day It is easily

At right A new all-steel adaptable for highway travelbuilding including office

e - -7eFwarehouse garage and repair shop was erected At right Special multiple drilling machine at shyon a three-acre site at our LIour Los Angeles plant is one of the pieces 1Paola Kansas plant mowshyrat of equipment used in the prefabrication of

cooling towers

16 - 17

Au IIOPERATIONS 411 AT HOME AND ABROAD

V 1) ) Vacations

with Payemployee benefits Six Holidays

with Pay

Employees Retirement and Profit-sharing Trust Funds C_ompany pays 20 of net profits tnto these two funds

Group Accident and Sickness Insurance Hospital and Surgical Benefits

Company pays part for those desiring coverage

Service Pin Awards Awards made at annual Christmas parties

Group Life Insurance First $1000 coverage paid by the company additional coverage for those who desire it

Company-sponsored Athletic Program Golf and tennis tournaments bowling and baseball leagues basketball teams

Tratnee Program Engineering graduates of leading- colleges selected for training in all departments

A geographic breakdown of where Fluor products and services were sold in 1948

ALABAMA I ARIZONA

ARKANSAS CALIFORNIA COLORADO

CONNECTICUT i

GEORGIA ILLINOIS INDIANA E

IOWA E KANSAS am

KENTUCKY LOUISIANA

MASSACHUSETTS I

MICHIGAN i II-I -I MINNESOTA I -1

MISSISSIPPI I MISSOURI 1119ith

dir MONTANA millamwAta NEBRASKA

NEVADA NEW HAMPSHIRE I

NEW JERSEY

IF MAW NEW MEXICO

NEW YORK NORTH CAROLINA

OHIO OKLAHOMA

OREGON PENNSYLVANIA

TEXAS UTAH I

VIRGINIA I

WEST VIRGINIA WYOMING I

FOREIGN SALES ARABIA

CANADA I HOLLAND I

MEXICO I

PALESTINE II PHILLIPINE ISLANDS II

SUMATRA VENEZUELA-S A I

19 18

9

7

LUOR Corporation Ltd

directors

lt officers

executive committee

general counsel

auditors

Shirley E Meserve- Francis E Fischer

D NV Darnell - James P Wiseman

J S Fluor Jr J Robert Fluor

W Earl Dunn Foster M Stephens

W P Downey

Shirley E Meserve chairman of the board

D W Darnell president J S Fluor Jr executive vice president

W Earl Dunn vice president and general manager engineershy

ing and conAruction division

J Robert Fluor vice president and general manager manufacshy

turing division

lames P Wiseman Vice president and director of sales

Francis E Fischer secretary and treasurer

Park C Shelley assistant secretary

Shirley E Meserve J Robert Fluor D W Darnell Francis E Fischer

J S Fluor Jr John F Gardner W Earl Dunn

Meserve Mumper amp Hughes Los Angeles

Dickinson amp Eagle Lbs Angeles

BE SURE WITH FLUOR deg shy

1111119

00110 woo 0111104

1001N

F Automatic welder a recent addition at Paola will weld at one pass metal ranging from 16-gaugeh

sheets up to 1V2 plates It can

e

also be used for multi-pass welding 1 were

14

-

facilities -

in 1948 9

-14eir-450711 ot 111==-shy

_ - LW - 7 Upper left Portion of new =NMI

--A14210_---shy enlarged quarters for housshy-S 1 1--z-- -_ -44- vi- _ - - Pr -

ing part of the Los AngelesQr -K --z- -- Zjit la 1

- _ engineering staff - W 01degV111-7- shy47

-

11IF - LT -- I qlt deg

71shy- 41 -eshy

-2741degshy

-S Ls _At left Recent air view of

- our 2712-acre Los Angeles shy rshy

plant ri 1121 r a

HI rPshy4111k

Center right Another new machihe at Paola used for fast accurate bending of pipe up to 16 o d

-

Center left Our new Mixermobile will pour concrete to a height of four stories at the rate of 400 yards an eight-hour day It is easily

At right A new all-steel adaptable for highway travelbuilding including office

e - -7eFwarehouse garage and repair shop was erected At right Special multiple drilling machine at shyon a three-acre site at our LIour Los Angeles plant is one of the pieces 1Paola Kansas plant mowshyrat of equipment used in the prefabrication of

cooling towers

16 - 17

Au IIOPERATIONS 411 AT HOME AND ABROAD

V 1) ) Vacations

with Payemployee benefits Six Holidays

with Pay

Employees Retirement and Profit-sharing Trust Funds C_ompany pays 20 of net profits tnto these two funds

Group Accident and Sickness Insurance Hospital and Surgical Benefits

Company pays part for those desiring coverage

Service Pin Awards Awards made at annual Christmas parties

Group Life Insurance First $1000 coverage paid by the company additional coverage for those who desire it

Company-sponsored Athletic Program Golf and tennis tournaments bowling and baseball leagues basketball teams

Tratnee Program Engineering graduates of leading- colleges selected for training in all departments

A geographic breakdown of where Fluor products and services were sold in 1948

ALABAMA I ARIZONA

ARKANSAS CALIFORNIA COLORADO

CONNECTICUT i

GEORGIA ILLINOIS INDIANA E

IOWA E KANSAS am

KENTUCKY LOUISIANA

MASSACHUSETTS I

MICHIGAN i II-I -I MINNESOTA I -1

MISSISSIPPI I MISSOURI 1119ith

dir MONTANA millamwAta NEBRASKA

NEVADA NEW HAMPSHIRE I

NEW JERSEY

IF MAW NEW MEXICO

NEW YORK NORTH CAROLINA

OHIO OKLAHOMA

OREGON PENNSYLVANIA

TEXAS UTAH I

VIRGINIA I

WEST VIRGINIA WYOMING I

FOREIGN SALES ARABIA

CANADA I HOLLAND I

MEXICO I

PALESTINE II PHILLIPINE ISLANDS II

SUMATRA VENEZUELA-S A I

19 18

9

7

LUOR Corporation Ltd

directors

lt officers

executive committee

general counsel

auditors

Shirley E Meserve- Francis E Fischer

D NV Darnell - James P Wiseman

J S Fluor Jr J Robert Fluor

W Earl Dunn Foster M Stephens

W P Downey

Shirley E Meserve chairman of the board

D W Darnell president J S Fluor Jr executive vice president

W Earl Dunn vice president and general manager engineershy

ing and conAruction division

J Robert Fluor vice president and general manager manufacshy

turing division

lames P Wiseman Vice president and director of sales

Francis E Fischer secretary and treasurer

Park C Shelley assistant secretary

Shirley E Meserve J Robert Fluor D W Darnell Francis E Fischer

J S Fluor Jr John F Gardner W Earl Dunn

Meserve Mumper amp Hughes Los Angeles

Dickinson amp Eagle Lbs Angeles

BE SURE WITH FLUOR deg shy

1111119

00110 woo 0111104

1001N

Au IIOPERATIONS 411 AT HOME AND ABROAD

V 1) ) Vacations

with Payemployee benefits Six Holidays

with Pay

Employees Retirement and Profit-sharing Trust Funds C_ompany pays 20 of net profits tnto these two funds

Group Accident and Sickness Insurance Hospital and Surgical Benefits

Company pays part for those desiring coverage

Service Pin Awards Awards made at annual Christmas parties

Group Life Insurance First $1000 coverage paid by the company additional coverage for those who desire it

Company-sponsored Athletic Program Golf and tennis tournaments bowling and baseball leagues basketball teams

Tratnee Program Engineering graduates of leading- colleges selected for training in all departments

A geographic breakdown of where Fluor products and services were sold in 1948

ALABAMA I ARIZONA

ARKANSAS CALIFORNIA COLORADO

CONNECTICUT i

GEORGIA ILLINOIS INDIANA E

IOWA E KANSAS am

KENTUCKY LOUISIANA

MASSACHUSETTS I

MICHIGAN i II-I -I MINNESOTA I -1

MISSISSIPPI I MISSOURI 1119ith

dir MONTANA millamwAta NEBRASKA

NEVADA NEW HAMPSHIRE I

NEW JERSEY

IF MAW NEW MEXICO

NEW YORK NORTH CAROLINA

OHIO OKLAHOMA

OREGON PENNSYLVANIA

TEXAS UTAH I

VIRGINIA I

WEST VIRGINIA WYOMING I

FOREIGN SALES ARABIA

CANADA I HOLLAND I

MEXICO I

PALESTINE II PHILLIPINE ISLANDS II

SUMATRA VENEZUELA-S A I

19 18

9

7

LUOR Corporation Ltd

directors

lt officers

executive committee

general counsel

auditors

Shirley E Meserve- Francis E Fischer

D NV Darnell - James P Wiseman

J S Fluor Jr J Robert Fluor

W Earl Dunn Foster M Stephens

W P Downey

Shirley E Meserve chairman of the board

D W Darnell president J S Fluor Jr executive vice president

W Earl Dunn vice president and general manager engineershy

ing and conAruction division

J Robert Fluor vice president and general manager manufacshy

turing division

lames P Wiseman Vice president and director of sales

Francis E Fischer secretary and treasurer

Park C Shelley assistant secretary

Shirley E Meserve J Robert Fluor D W Darnell Francis E Fischer

J S Fluor Jr John F Gardner W Earl Dunn

Meserve Mumper amp Hughes Los Angeles

Dickinson amp Eagle Lbs Angeles

BE SURE WITH FLUOR deg shy

1111119

00110 woo 0111104

1001N

9

7

LUOR Corporation Ltd

directors

lt officers

executive committee

general counsel

auditors

Shirley E Meserve- Francis E Fischer

D NV Darnell - James P Wiseman

J S Fluor Jr J Robert Fluor

W Earl Dunn Foster M Stephens

W P Downey

Shirley E Meserve chairman of the board

D W Darnell president J S Fluor Jr executive vice president

W Earl Dunn vice president and general manager engineershy

ing and conAruction division

J Robert Fluor vice president and general manager manufacshy

turing division

lames P Wiseman Vice president and director of sales

Francis E Fischer secretary and treasurer

Park C Shelley assistant secretary

Shirley E Meserve J Robert Fluor D W Darnell Francis E Fischer

J S Fluor Jr John F Gardner W Earl Dunn

Meserve Mumper amp Hughes Los Angeles

Dickinson amp Eagle Lbs Angeles

BE SURE WITH FLUOR deg shy

1111119

00110 woo 0111104

1001N

1111119

00110 woo 0111104

1001N