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Stock Market & Financial Investment News

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February 18, 2014
07:34 EDTFWLTFoster Wheeler unit signs collaborationa greement with Tecnimont
Foster Wheeler AG announced that Foster Wheeler USA Corporation, a subsidiary of its Global Engineering and Construction Group, has signed a collaboration agreement with Tecnimont USA Inc., a subsidiary of Maire Tecnimont S.p.A., for front-end engineering design, detailed engineering, procurement and construction of petrochemicals, chemicals and fertilizer facilities in the United States, Canada, and Mexico. Foster Wheeler and Tecnimont will collaborate in pursuing specific opportunities for new plants and plant revamps. This collaboration aims to deliver clients significant added value, combining the world-class skills of both companies: Foster Wheeler with its global chemicals project track record and its reputation as a FEED and EPC contractor in North America, and Tecnimontís track record in technology-driven chemicals sectors, including olefins and fertilizers and, in particular, its leading track record in polyolefins.
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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 companyís 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.
August 14, 2014
07:30 EDTFWLTFoster Wheeler licensee receives contracts for HRSGs in Asia
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August 7, 2014
06:48 EDTFWLTFoster Wheeler expect Global E&C Group to report sharply higher revenue in FY14
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06:48 EDTFWLTFoster Wheeler reports Q2 adjusted EPS 86c, consensus 47c
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