ZUG, Switzerland--(BUSINESS WIRE)--Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Sasol Chemical Industries Ltd to provide engineering, procurement and construction management (EPCm) services for the Sasolburg Utilities Expansion Project at Sasolburg, South Africa.
The Foster Wheeler contract value for this project was not disclosed and was included in the company’s second-quarter 2011 bookings. The project is expected to be completed in the second quarter of 2012.
This project involves the expansion of the capacity of the utility systems at the Sasol complex at Sasolburg to support a program of expansion projects. This EPCm award follows Foster Wheeler’s successful completion of the front-end engineering design (FEED) phase for this project.
“This award demonstrates Sasol’s continued confidence in Foster Wheeler’s performance and the strength of our continued close working relationship with Sasol, supporting its business objectives in South Africa and internationally,” said Umberto della Sala, Interim Chief Executive Officer, Foster Wheeler AG. “This is another example of the successful conversion of a FEED win into an EPCm award.”
Foster Wheeler AG is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 12,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, mining and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Geneva, Switzerland. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.
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