Tag Archives: Construction Group

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Foster Wheeler Awarded Contract for Two Shop-Assembled Steam Generators in Ireland

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By Business Wirevia The Motley Fool

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Foster Wheeler Awarded Contract for Two Shop-Assembled Steam Generators in Ireland

ZUG, Switzerland–(BUSINESS WIRE)– Foster Wheeler AG (NAS: FWLT) announced today that a subsidiary of its Global Power Group has been awarded a contract by Aughinish Alumina Refinery for the design and supply of two shop-assembled steam generators located at the alumina plant facility at Aughinish Island (Askeaton, Ireland). Aughinish Alumina Refinery is a part of UC RUSAL.

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 first quarter 2013 bookings. Delivery of the new steam generators is scheduled for early 2014.

Foster Wheeler will design and supply the package steam generators including auxiliary equipment and technical advisory services for the project, which will be designed to burn natural gas while meeting applicable environmental regulatory requirements. The two steam generators will be designed to generate a total of 300 tons per hour of reliable, high-pressure superheated steam which will be fed to the plant´s process steam system.

“These new units represent a significant replacement upgrade of the existing oil-fired boilers supplied by Foster Wheeler more than three decades ago,” said Gary Nedelka, Chief Executive Officer of Foster Wheeler‘s Global Power Group. “We are happy that Aughinish Alumina Refinery has chosen Foster Wheeler once again to supply the product they need to meet their long-term strategic needs.”

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, mining 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 Web site at www.fwc.com.

Aughinish Alumina is among the most technologically advanced and energy efficient of such facilities globally. It has the capacity to produce nearly two million metric tonnes of …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Foster Wheeler Awarded SNG Studies by Pecket Energy in Chile

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By Business Wirevia The Motley Fool

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Foster Wheeler Awarded SNG Studies by Pecket Energy in Chile

ZUG, Switzerland–(BUSINESS WIRE)– Foster Wheeler AG (NAS: FWLT) announced today that a subsidiary of our Global Engineering and Construction Group has been awarded a contract by Pecket Energy to perform feasibility, conceptual and basic engineering studies, and develop an overall investment cost estimate for a substitute natural gas (SNG) production facility which is planned to be built near Punta Arenas, Chile.

The value of the award was not disclosed and will be included in Foster Wheeler‘s first-quarter 2013 bookings.

The main objective of the project is to produce syngas that will be used as a clean feedstock for the production of SNG, which gas is intended to be distributed to the existing grid in the region of Magallanes, Chile for domestic consumption or for industrial purposes.

The new facility intends to include several state-of-the-art units, including air separation, partial oxidation for syngas production, syngas treatment, acid gas removal, methanation and solid sulfur production. Foster Wheeler‘s scope of work is expected to be completed by mid-2013.

Pecket Energy is a Chilean company focused on coal-based energy business development. Pecket Energy belongs to ICV, a Chilean company which has been active in mining and infrastructure developments in Chile for more than 50 years.

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, mining 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 Web site at www.fwc.com.


Safe Harbor Statement

Foster Wheeler AG news releases may contain forward-looking …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Foster Wheeler Awarded Technical Consultancy Services Contracts by Apache Khalda for the Qasr Compre

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By Business Wirevia The Motley Fool

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Foster Wheeler Awarded Technical Consultancy Services Contracts by Apache Khalda for the Qasr Compression Project in Egypt

ZUG, Switzerland–(BUSINESS WIRE)– Foster Wheeler AG (NAS: FWLT) announced today that subsidiaries of its Global Engineering and Construction Group have been awarded contracts by Apache Khalda Corporation LDC (Apache Khalda) for the provision of technical consultancy services to oversee the engineering, procurement and construction (EPC) phase of the Qasr Compression Project in Egypt. The Qasr Compression Project will provide additional compression to the existing facilities at the Qasr gas condensate field, in the Western Desert, approximately 525km west of Cairo.

The Foster Wheeler contract value was not disclosed and will be included in the first-quarter 2013 bookings.

Foster Wheeler will assist Apache Khalda in the management and administration of the EPC phase of the project as part of a joint project management team. The EPC phase is expected to be completed in the first- quarter 2015.

The company also provided project management consultancy services to Apache Khalda during the front-end engineering design phase.

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, mining 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 Web site 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 …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Foster Wheeler to Hold Earnings Conference Call

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By Business Wirevia The Motley Fool

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Foster Wheeler to Hold Earnings Conference Call

ZUG, Switzerland–(BUSINESS WIRE)– Foster Wheeler AG (NAS: FWLT) plans to hold a conference call on Thursday, May 2, at 4:30 p.m. Central European Summer Time (10:30 a.m. Eastern Daylight Time in the U.S.) to discuss its financial results for the first quarter ended March 31, 2013. The company expects to release the results the same day, before the U.S. markets open.

The call will be accessible to the public by telephone or webcast, and the company will post an accompanying slide presentation in the investor relations presentations/updates section of its website (www.fwc.com). To listen to the call by telephone, dial 973-935-8752 (Conference I.D. No. 24533527) approximately ten minutes before the call.

The conference call will also be available over the Internet at www.fwc.com or through StreetEvents at www.streetevents.com.

A replay of the call will be available on the company’s website and will be accessible for four weeks following the call.

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, mining 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 Web site at www.fwc.com.

Foster Wheeler AG
Media
Julie Stanisz, 908-730-4047
julie_stanisz@fwc.com
or
Investor Relations
Scott Lamb, 908-730-4155
scott_lamb@fwc.com
or
Other Inquiries
908-730-4000
fw@fwc.com

KEYWORDS:   Europe  Switzerland

INDUSTRY KEYWORDS:

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Business, Finance, Occupation & Industry

The Hartford Expands Construction Group

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By Business Wirevia The Motley Fool

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The Hartford Expands Construction Group

Tom Boudreau joins The Hartford as vice president of construction insurance

HARTFORD, Conn.–(BUSINESS WIRE)– The Hartford has enhanced its Construction Group capabilities, bringing together its expertise in underwriting, claims management and loss control, and adding dedicated construction underwriters in key markets across the U.S. These enhancements support The Hartford’s focus on addressing the complex insurance needs of midsize and large construction companies.

Tom Boudreau, vice president of construction insurance at The Hartford. (Photo: Business Wire)

To lead the company’s insurance underwriting and sales for the construction sector, The Hartford has named Thomas M. Boudreau vice president of construction insurance, reporting to Ross Fisher, vice president of The Hartford Construction Group and Bond.

“As the outlook for commercial construction continues to improve, The Hartford is well-positioned to be a go-to carrier for midsize and large commercial contractors,” said Fisher. “Tom brings deep knowledge of the construction industry, a strong risk management focus, and outstanding relationships with the agents and brokers who specialize in this sector, which will be invaluable in growing our construction business.”

Boudreau joins The Hartford from AIG, where he held roles of increasing responsibility in both underwriting and field sales during the last 10 years, including vice president of the company’s largest U.S. region, representing more than 50 commercial insurance lines. Most recently, Boudreau served as AIG‘s construction industry practice leader and primary construction profit center manager for the U.S. and Canada. He began his insurance career as a commercial field underwriter with Allstate.

The Hartford Construction Group is a premier provider of property and casualty insurance and risk management services for midsize and large construction companies, with a focus on heavy trade contractors, commercial builders and sub-contractors. The Hartford offers guaranteed cost, loss sensitive and wrap-up insurance programs and comprehensive claims and loss control services to help construction companies manage their total cost of risk.

To learn more about The Hartford’s insurance and risk management services for construction companies, contact Boudreau at 860-547-2400, thomas.boudreau@thehartford.com or visit http://www.thehartford.com/business-insurance/construction-insurance.

About The Hartford

With more than 200 years of expertise, The Hartford (NYS: <a target=_blank class="tmf-ticker …read more
Source: FULL ARTICLE at DailyFinance