Foster Wheeler Awarded Contract for Air Quality Control System Upgrade in West Virginia
23 Setembro 2014 - 8:31AM
Business Wire
Foster Wheeler AG (Nasdaq:FWLT) announced today that a
subsidiary of its Global Power Group’s Environmental and Industrial
division has been awarded a contract by Longview Power, LLC to
rehabilitate and optimize the wet flue gas desulfurization system
at their existing 700 MWe (net megawatt electric) Longview Power
facility in Maidsville, West Virginia, USA.
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 provide new components as well as
engineering and installation services to optimize the performance
of the existing dewatering and forced oxidation systems with the
fuel currently being used by Longview. Foster Wheeler is also
adding a dual flow tray in the absorber to increase the overall SO2
reduction capacity of the existing system to handle higher sulfur
fuels that Longview anticipates receiving in the future. The outage
work is expected to take place in the spring of 2015.
“Our recent acquisition of the former Wheelabrator Air Pollution
Control technology has allowed us to consolidate all our air
pollution control equipment within our Clean Air Technology Center
located in Pittsburgh, PA to provide cost effective solutions for
reducing air emissions from power plants and industrial
facilities,” said Byron Roth, Chief Executive Officer of Foster
Wheeler’s Environmental and Industrial Group. “We engineer systems
that are custom designed to meet increasingly more stringent air
quality control regulations.”
Foster Wheeler AG is a global engineering and construction
company and power equipment supplier delivering technically
advanced, reliable facilities and equipment. The company employs
approximately 13,000 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, minerals 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 Reading,
United Kingdom. For more information about Foster Wheeler, please
visit our website at www.fwc.com.
Safe Harbor Statement
Foster Wheeler AG news releases may contain forward-looking
statements that are based on management’s assumptions, expectations
and projections about the Company and the various industries within
which the Company operates. These include statements regarding the
Company’s expectations about revenues (including as expressed by
its backlog), its liquidity, the outcome of litigation and legal
proceedings and recoveries from customers for claims and the costs
of current and future asbestos claims and the amount and timing of
related insurance recoveries. Such forward-looking statements by
their nature involve a degree of risk and uncertainty. The Company
cautions that a variety of factors, including but not limited to
the factors described in the Company’s most recent Annual Report on
Form 10-K, which was filed with the U.S. Securities and Exchange
Commission on February 27, 2014, and the following, could cause the
Company’s business conditions and results to differ materially from
what is contained in forward-looking statements: the timing and
success of the proposed offer and acquisition of the Company by
AMEC plc, the risk that the Company’s business will be adversely
impacted during the pending proposed offer and acquisition of the
Company by AMEC plc, benefits, effects or results of the Company’s
redomestication to Switzerland, deterioration in global economic
conditions, changes in investment by the oil and gas, oil refining,
chemical/petrochemical and power generation industries, changes in
the financial condition of its customers, changes in regulatory
environments, changes in project design or schedules, contract
cancellations, the changes in estimates made by the Company of
costs to complete projects, changes in trade, monetary and fiscal
policies worldwide, compliance with laws and regulations relating
to the Company’s global operations, currency fluctuations, war,
terrorist attacks and/or natural disasters affecting facilities
either owned by the Company or where equipment or services are or
may be provided by the Company, interruptions to shipping lanes or
other methods of transit, outcomes of pending and future
litigation, including litigation regarding the Company’s liability
for damages and insurance coverage for asbestos exposure,
protection and validity of the Company’s patents and other
intellectual property rights, increasing global competition,
compliance with its debt covenants, recoverability of claims
against the Company’s customers and others by the Company and
claims by third parties against the Company, and changes in
estimates used in its critical accounting policies. Other factors
and assumptions not identified above were also involved in the
formation of these forward-looking statements and the failure of
such other assumptions to be realized, as well as other factors,
may also cause actual results to differ materially from those
projected. Most of these factors are difficult to predict
accurately and are generally beyond the Company’s control. You
should consider the areas of risk described above in connection
with any forward-looking statements that may be made by the
Company. The Company undertakes no obligation to publicly update
any forward-looking statements, whether as a result of new
information, future events or otherwise. You are advised, however,
to consult any additional disclosures the Company makes in proxy
statements, quarterly reports on Form 10-Q, annual reports on Form
10-K and current reports on Form 8-K filed with or furnished to the
Securities and Exchange Commission.
MediaUnited StatesPatti Landsperger, +1
908-713-2944patti_landsperger@fwc.comorJan Rogers, +1
908-713-3288jan_rogers@fwc.comorOther Inquiries+1
908-730-4000fw@fwc.com
Foster Wheeler (NASDAQ:FWLT)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Foster Wheeler (NASDAQ:FWLT)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024