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Stock Market & Financial Investment News

News Breaks
April 23, 2014
07:35 EDTFWLT, AUFoster Wheeler awarded contract for AngloGold mine
Foster Wheeler AG (FWLT) announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract for basic engineering for the Squaw Gulch ADR2 project, a new adsorption, desorption and recovery facility at AngloGold Ashanti’s (AU) Cripple Creek and Victor Gold Mining Company’s site in Teller, Colorado, U.S. Foster Wheeler's contract value was not disclosed and will be included in the company's first-quarter 2014 bookings. Foster Wheeler’s scope of work is scheduled for completion in the third quarter of 2014.
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August 20, 2014
07:31 EDTFWLTFoster Wheeler awarded contract for heat recovery steam generator in Mexico
Foster Wheeler AG announced that a subsidiary of its Global Power Group has been awarded a contract by Iberdrola, for the design and supply of a heat recovery steam generator. The unit will be installed at a cogeneration plant that Iberdrola is building at the Kimberly Clark de Mexico Ramos Arizpe Facility in Coahuila, Mexico. Foster Wheeler has received a full notice to proceed on this contract. The terms of the agreement were not disclosed, and the contract value will be included in the company’s third-quarter 2014 bookings. Foster Wheeler will design and supply the HRSG and provide advisory services for erection and start-up of the unit, which will incorporate a dual pressure level design with the capability to produce steam with or without combustion turbine operation. The HRSG will be coupled to a GE LM6000PH combustion gas turbine. Commercial operation of the HRSG is scheduled to begin during the first quarter of 2016.

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