July 2010

Special Report: Liquefied Natural Gas Developments

Materials market update: Opportunities in a challenging economy

As companies emerge from the downturn, new capital project models will be vital

Scotti, J., Fluor Corp.

Throughout 2009, the capital projects industry faced the growing impact of the global economic downturn. Because our market sector traditionally lags the broader economy, there was hope that the recession would be short-lived and project activity would quickly return; this proved to be unfounded. The previous year (2008) was marked by volatility across a variety of raw materials and finished goods. Copper’s price swings have had an impact on electrical equipment, such as motors, wire and cable. Adding to the complexity, currency exchange rates have also shown broad movement during the previous 12 months, as the value of the dollar fell most of the year, only to then abruptly rebound in

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