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May 6, 2014
07:40 EDTFWLT, SIFoster Wheeler closes Siemens Enviornmental Systems, Services acquisition
Foster Wheeler (FWLT) announced that a subsidiary of its Global Power group has finalized the acquisition of the Siemens (SI) Environmental Systems and Services business that supplies and services clean air technologies for use in power plants and industrial facilities. The transaction was closed April 30. The Siemens Environmental Systems and Services purchase includes assets of the former Wheelabrator Air Pollution Control company located in Pittsburgh, Pennsylvania and the Advanced Burner Technology company located in Branchburg, New Jersey. Foster Wheeler is in the process of integrating the assets into the global environmental and industrial product offerings of its Global Power group.
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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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