Foster Wheeler Awarded Contract for Engineering, Procurement and Related Services in Chile, Terms Not Disclosed

Foster Wheeler AG

announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a contract for engineering, procurement and related services for a grassroots molybdenum refinery in Chile. The contract was awarded by MOLYB Ltda., an affiliate company of CODELCO, the Chilean Copper Corporation, the world's largest copper producing company and also a leading molybdenum concentrate producer. The new facility, planned to be one of the largest of its kind, will be located near Mejillones in northern Chile. The terms of the award were not disclosed and the contract value was included in the company's third-quarter 2013 bookings. Foster Wheeler will undertake detailed engineering and provide