Foster wheeler awarded stipulate for dual pulverized spark steam generators in …

ZUG, Switzerland–( BUSINESS WIRE) — Foster Wheeler AG( Nasdaq: FWLT) voiced currently which a auxiliary of a Tellurian Energy Group sealed a stipulate with Shanghai Boiler Works, Ltd. for team-work in a pattern of dual pulverized spark( Personal Computer) steam generators for a Vinh Tan II Plan for Vietnam Electricity( EVN) . Shanghai Electric Group Association Singular, a primogenitor association of Shanghai Boiler Works, Ltd., is a engineering, buying as good as building a whole ( EPC) senior manager for a plan which will be located in a Binh Thuan Province of South Vietnam.

Foster Wheeler has perceived a full notice to ensue upon this contract. A conditions of a agreement were not disclosed, as good as a stipulate worth was enclosed in a company’s fourth-quarter 2010 bookings. Commercial operation of a latest steam generators is scheduled for a fourth entertain of 2013 as good as second entertain of 2014 respectively.

Foster Wheeler will yield a pattern examination of a dual 622 MWe( sum megawatt electric) PC’s for Shanghai Boiler Works, Ltd., Foster Wheeler’s licensee for Personal Computer record in a region.

“This endowment continues to serve a attribute as good as interrelated strengths in in between Shanghai Boiler Works as good as Foster Wheeler, which dates behind over twenty years for projects in China, Middle East as good as alternative tools of a universe, ” pronounced Gary Nedelka, arch senior manager military officer of Foster Wheeler Tellurian Energy Group. “We demeanour brazen to an one more successful plan in in between a dual companies.”

Foster Wheeler AG is a tellurian engineering as good as building a whole senior manager as good as energy apparatus retailer delivering technically modernized, arguable comforts as good as equipment. A association employs we estimate thirteen, 000 gifted professionals with specialized imagination dedicated to portion a clients by a single of a dual first commercial operation groups. A company’s Tellurian Engineering as good as Building a whole Group designs as good as constructs leading-edge estimate comforts for a upstream oil as good as gas, LNG as good as gas-to-liquids, enlightening, chemicals as good as petrochemicals, energy, environmental, pharmaceuticals, biotechnology as good as healthcare industries. A company’s Tellurian Energy Group is a universe personality in explosion as good as steam era record which designs, manufactures as good as erects steam generating as good as auxiliary apparatus for energy stations as good as industrial comforts as good as additionally provides a far-reaching operation of aftermarket services. A association is formed in Zug, Switzerland, as good as a operational domicile bureau is in Geneva, Switzerland. For some-more report about Foster Wheeler, greatfully revisit a Web site during www.fwc.com.

Safe Harbor Statement

Foster Wheeler AG headlines releases might enclose forward-looking statements which have been formed upon management’s assumptions, expectations as good as projections about a Association as good as a assorted industries inside of which a Association operates. These embody statements per a Company’s expectations about revenues( together with as voiced by a reserve), a liquidity, a outcome of lawsuit as good as authorised record as good as recoveries from commercial operation for claims as good as a costs of stream as good as destiny asbestos claims as good as a volume as good as timing of associated word recoveries. Such forward-looking statements by their inlet engage a grade of risk as good as uncertainty. A Association cautions which a accumulation of factors, together with though not singular to a factors described in a Company’s many latest Annual Report upon Form 10-K, which was filed with a U.S. Securities as good as Exchange Commission as good as a following, could means a Company’s commercial operation conditions as good as formula to talk about materially from what is contained in forward-looking statements: benefits, goods or formula of a Company’s redomestication or a relocation of a principal senior manager offices to Geneva, Switzerland; a poke for a permanent Arch Senior manager Officer; serve decrease in a mercantile conditions in a United States as good as alternative vital general economies, changes in investment by a oil as good as gas, oil enlightening, chemical/petrochemical as good as energy era industries, changes in a financial condition of a commercial operation, changes in regulatory environments, changes in plan pattern or schedules, stipulate cancellations, changes in estimates done by a Association of costs to finish projects, changes in traffic, financial as good as mercantile policies worldwide, correspondence with laws as good as regulations relating to a tellurian operations, banking fluctuations, fight and/or militant attacks upon comforts possibly owned by a Association or where apparatus or services have been or might be supposing by a Association, interruptions to shipping lanes or alternative methods of movement, outcomes of tentative as good as destiny lawsuit, together with lawsuit per a Company’s guilt for indemnification as good as word coverage for asbestos bearing, insurance as good as effect of a patents as good as alternative egghead skill rights, augmenting foe by non-U.S. as good as U.S. companies, correspondence with a debt covenants, recoverability of claims opposite a commercial operation as good as others by a Association as good as claims by third parties opposite a Association, as good as changes in estimates used in a vicious accounting policies. Alternative factors as good as assumptions not identified upon top of were additionally concerned in a arrangement of these forward-looking statements as good as a disaster of such alternative assumptions to be satisfied, as good as alternative factors, might additionally means tangible formula to talk about materially from those projected. Many of these factors have been formidable to envision fairly as good as have been in all over a Company’s control. You should cruise a areas of risk described upon top of in tie with any forward-looking statements which might be done by a Company. A Association undertakes no requisite to publicly refurbish any forward-looking statements, either as a outcome of latest report, destiny events or otherwise. You have been suggested, however, to deliberate any one more disclosures a Association creates in substitute statements, quarterly reports upon Form 10-Q, annual reports upon Form 10-K as good as stream reports upon Form 8-K filed with a Securities as good as Exchange Commission.

Foster Wheeler AG
Media
Julie Stanisz, 908-730-4047
julie_stanisz@fwc.com
or
Jan Rogers, 908-713-3288
jan_rogers@fwc.com
or
Investor Relations
Scott Lamb, 908-730-4155
scott_lamb@fwc.com
or
Other Inquiries
908-730-4000
www.fwc.com/GlobalPowerGroup

Source: Foster Wheeler AG