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 conceptual and basic design contract by SAJA Pharmaceuticals for the expansion of a manufacturing facility in Jeddah, Kingdom of Saudi Arabia.
The Foster Wheeler contract value was not disclosed and will be included in the company’s fourth-quarter 2011 bookings.
Foster Wheeler will provide conceptual and basic design services for a new research and development building, which will also be designed to manufacture small production lots for launching new products on the market, a new oral solid dosing manufacturing and packaging facility, a warehouse, quality control laboratories and an administrative building.
Foster Wheeler’s scope of work is expected to be completed during May 2012.
SAJA Pharmaceuticals is a joint-venture between TAMER Industries and two Japanese pharmaceutical companies, Daiichi-Sankyo Co. Ltd. and Astellas Pharma Inc. The SAJA plant produces brand name as well as generic medicines for both the Saudi and other Middle East markets.
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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