Foster Wheeler Awarded EPC Contracts by Pemex for Coker Slide Valves at Cadereyta and Madero Refineries in Mexico

Foster Wheeler AG FWLT announced today that subsidiaries of its Global Engineering and Construction Group, together with a joint venture partner for the project, Altair Strickland LLC, have been awarded contracts by Pemex Refinación (“Pemex”) for the engineering, design, procurement, construction, commissioning, and start-up of slide valve systems on the Foster Wheeler delayed coker units at two refineries in Mexico: the Hector R. Lara Sosa Refinery located in Cadereyta, Nueva Leon, and the Francisco I. Madero refinery in Ciudad Madero, Tamaulipas. Both projects are scheduled to be completed during refinery turnarounds in 2015. The Foster Wheeler contract values were not disclosed and were included in the company's fourth-quarter 2013 bookings. “These wins reflect our strong relationship with Pemex and our growing capabilities and presence in Mexico,” said Roberto Penno, Chief Executive Officer, Foster Wheeler Global Engineering and Construction Group. “Foster Wheeler brings to these projects extensive experience in the design and delivery of retrofits to delayed cokers, a robust track record in executing projects in Mexico, and impressive technical expertise in heavy crude processing.” 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.