Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction Group has been awarded a contract by Petrochemical Industries Company (K.S.C.) (PIC) for a pre-feasibility study and a market report for a proposed aromatics plant in Kuwait. The study is scheduled to be completed in the fourth quarter of 2013.

The Foster Wheeler contract value was not disclosed and will be included in the company’s third-quarter 2013 bookings.

“Our wide chemicals experience and in-depth technical expertise, combined with the specialist study execution capability in our Business Solutions Group, were key factors in winning this contract,” said Umberto della Sala, President and Chief Operating Officer of Foster Wheeler AG.

About Foster Wheeler
Foster Wheeler AG (Nasdaq:FWLT) 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.