Foster Wheeler Wins EPCm Contract in China

Foster Wheeler AG FWLT announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management (EPCm) contract by LANXESS Changzhou Co., Ltd for a new ethylene propylene diene monomer (EPDM) rubber plant to be built at the Changzhou Yangtze Riverside Industrial Park at Changzhou, Jiangsu Province, in the People's Republic of China. Foster Wheeler is currently executing the front-end engineering design (FEED) for this facility. The Foster Wheeler contract value for this project was not disclosed and was included in the company's third-quarter 2012 bookings.