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FLUOR DANIEL AND JAAKKO POYRY ANNOUNCE JOINT ENTITY

 FLUOR DANIEL AND JAAKKO POYRY ANNOUNCE JOINT ENTITY
 IRVINE, Calif., Sept. 10 /PRNewswire/ -- Fluor Daniel Inc. and


Jaakko Poyry Group of Finland announced today the signing of a letter of intent to create a U.S.-based joint entity called Jaakko Poyry Fluor Daniel. Financial terms of the proposed agreement were not disclosed.
 The company, which will be based in Greenville, S.C., will provide full-service engineering and construction capabilities to the North American pulp and paper industry. The agreement is expected to be finalized by the end of 1992.
 Vince Kontny, president of Fluor Daniel, said: "Jaakko Poyry Fluor Daniel will join the globally renowned engineering and design expertise of Jaakko Poyry with the extensive project management and construction skills of Fluor Daniel."
 Henrik Ehrnrooth, Jaakko Poyry Group chief executive officer, said: "Together, we intend to provide the North American pulp and paper industry with a single, full-service source for all of their engineering and construction needs."
 Jaakko Poyry has major offices in Raleigh, N.C., and Appleton, Wis. It is listed as the world's seventh-largest design firm by Engineering-News Record (ENR) in its July 1992 Top 200 International Design Firms survey.
 Fluor Daniel has been listed as the top U.S. contractor by ENR's Top 400 Contractor's survey for an unprecedented five consecutive years. ENR is the leading trade publication of the engineering and construction industry.
 Fluor Daniel Inc., the principal subsidiary of Fluor Corp. (NYSE: FLR), is an international engineering, construction, maintenance and technical services company with more than 50 offices worldwide.
 -0- 9/10/92
 /CONTACT: Deborah Land (media), 714-975-3971, or Lila Churney (investors), 714-975-3909, both of Fluor/
 (FLR) CO: Fluor Daniel Inc.; Jaakko Poyry Group; Fluor Corp. ST: California, South Carolina IN: CST PAP SU: JVN


AL-JL -- LA013 -- 8010 09/10/92 12:08 EDT
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Publication:PR Newswire
Date:Sep 10, 1992
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