Fluor Corp. signed an exclusivity agreement with Advanced Conveyor Technologies Inc. (AC-Tek). Under the agreement, the companies are exclusive partners for conveyor projects in key global mining geographies.

The agreement includes Fluor subsidiary Virta Inc., a new bulk material handling systems company.

Leadership at Fluor said the agreement combines the expertise of two established leaders in the materials handling space. “This exclusivity agreement improves Fluor’s value proposition for mining and metals projects as well as opportunities in other key markets like chemical plants and ports and terminals,” Leonardo Kaid, vice president, global business development and strategy, Mining & Metals, Fluor, said.

Fluor and AC-Tek have collaborated on a significant number of overland conveyor projects since 2007.