Fluor Daniel Awarded $35 Million Contract by Banner Pharmacaps Inc.

Fluor Daniel, a global engineering, construction, and diversified services company, has been awarded a contract by Banner Pharmacaps Inc. to develop a pharmaceutical facility and corporate headquarters in High Point, North Carolina. This project, valued at approximately $35 million, will create a 210,000-square-foot manufacturing facility for soft gelatin capsules and Soflets, used by pharmaceutical, nutritional, and cosmetic products companies. The project is expected to be completed in 1996, with a peak construction employment of around 150 workers.

Key Takeaways:

• Fluor Daniel will provide engineering, procurement, and construction management services for the pharmaceutical facility, valued at approximately $35 million.
• The project is scheduled to be completed in 1996, with a peak construction employment of around 150 workers.
• The facility will be the world's most modern and efficient manufacturing facility for soft gelatin capsules and Soflets.
• Banner Pharmacaps Inc. is a wholly owned subsidiary of Sobel N.V. based in Son, The Netherlands.
• The company produces a variety of products for national and international pharmaceutical and nutritional supplement companies.
• Fluor Daniel Inc. is a global engineering, construction, maintenance, and diversified services company with over 50 offices worldwide.

Statistics:

• Project value: $35 million
• Project completion date: 1996
• Peak construction employment: 150 workers
• Square footage of the facility: 210,000

Sources:

• PRNewswire
• Fluor Daniel Inc. press release
• Banner Pharmacaps Inc.
• Fluor Corporation (NYSE: FLR)