QUOTE AND NEWS
newratings.com  Apr 9  Comment 
GENEVA (dpa-AFX) - MDM Engineering Group Ltd. (MDM.L), the minerals process and project management company, issued an update regarding the recommended takeover offer from Switzerland-based engineering and construction contractor Foster Wheeler AG,...
newratings.com  Apr 7  Comment 
ROME (dpa-AFX) - Foster Wheeler AG (FWLT) announced that Italian oil and gas company Eni SpA (E) has renewed for a further two years its existing framework agreement with a subsidiary of Foster Wheeler's Global Engineering and Construction...
DailyFinance  Mar 20  Comment 
NEW YORK, NY -- (Marketwired) -- 03/20/14 -- Levi & Korsinsky notifies investors of Foster Wheeler AG ("Foster Wheeler" or "the Company") (NASDAQ: FWLT) of claims of breaches of fiduciary duty in connection with the proposed sale of the Company...
StreetInsider.com  Mar 20  Comment 
* Montage Technology Group Limited (Nasdaq: MONT) announced that its Board of Directors (the "Board") intends to evaluate strategic alternatives, including a possible sale of the Company, in order to increase shareholder value. The Board has...
Benzinga  Mar 20  Comment 
Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Power Group has signed an asset purchase agreement with Siemens Energy, Inc. to acquire the Siemens Environmental Systems and Services business that supplies and...
OilVoice  Mar 18  Comment 
Foster Wheeler Kentz Energy Services DMCC the Dubaibased joint venture company of Foster Wheeler and Kentz announced today that it has been awarded framework contracts by Shell Iraq Petroleum Devel
DailyFinance  Mar 13  Comment 
Foster Wheeler AG (Nasdaq: FWLT) (“Foster Wheeler”or the “Company”) announced today that an indirect wholly owned subsidiary of the Company has entered into a merger implementation agreement (“MIA”) with MDM...
StreetInsider.com  Mar 4  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Foster+Wheeler+%28FWLT%29+Receives+Contract+from+KNPC+for+New+LNG+Import+Terminal/9240919.html for the full story.
StreetInsider.com  Feb 27  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Foster+Wheeler+AG+%28FWLT%29+Declares+%240.40+Special+Dividend%3B+1.3%25+Yield/9223259.html for the full story.
StreetInsider.com  Feb 27  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Foster+Wheeler+%28FWLT%29+Misses+Q4+EPS+by+3c/9223111.html for the full story.




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FWLT's operations are encompassed within two segments: (1) the Global Engineering and Construction Group (aka, the Global E&C Group) and the Global Power Group.

The Global E&C Group operates worldwide and designs, engineers and constructs onshore and offshore upstream oil and gas processing facilities, natural gas liquefaction facilities and receiving terminals, gas-to-liquids facilities, oil refining, and chemical and petrochemical, pharmaceutical, biotechnology and healthcare facilities and related infrastructure, including power generation and distribution facilities. The Group also provides engineering, project management and construction management services, and purchases equipment, materials and services from third-party suppliers and contractors. Further, the Group owns one of the leading refinery residue upgrading technologies and a hydrogen production process used in oil refineries and petrochemical plants. Additionally, the Group has experience with, and is able to work with, a wide range of processes owned by others. The Group performs environmental remediation services, together with related technical, engineering, design and regulatory services. The Group is also involved in the development, engineering, construction and ownership of power generation and waste-to-energy facilities in Italy. The Group generates revenues from engineering and construction activities attendant to contracts spanning up to four years in duration, from operating activities pursuant to the long-term sale of project outputs, such as electricity, and from returns on its equity investments in various production facilities.


The Global Power Group designs, manufactures, and erects steam generating and auxiliary equipment for electric power generating stations and industrial facilities worldwide. Such steam generating equipment includes a full range of technologies, offering both our utility and industrial clients high-value solutions for economically converting a wide range of fuels, including coal, petroleum coke, oil, gas, biomass and municipal solid waste into steam and power. The circulating fluidized-bed boiler technology, which is referred to as CFB, is ideally suited to burning a very wide range of fuels, including low-quality fuels, fuels with high moisture content and "waste-type" fuels, and is recognized as one of the cleanest solid-fuel steam generating technologies in the world. For both the utility CFB and pulverized coal boilers, the Group offers supercritical once-through-unit technology as an option for ultra-clean applications. Once-through supercritical boilers operate at higher temperatures and pressures than traditional plants, which results in higher efficiencies and lower emissions. Auxiliary equipment includes feed-water heaters, steam condensers, heat-recovery equipment, selective non-catalytic recovery units, selective catalytic recovery units and low-NOx burners. The Group also provides a broad range of site services relating to these products, including construction and erection services, maintenance engineering, plant upgrading and life extension, and plant re-powering. In addition, the Global Power Group provides research analysis and experimental work in fluid dynamics, heat transfer, combustion and fuel technology, materials engineering and solids mechanics. Further, the Global Power Group builds, owns and operates cogeneration, independent power production and waste-to-energy facilities, as well as power generation facilities for the process and petrochemical industries. The Global Power Group generates revenues from engineering activities, equipment supply and construction contracts, royalties from licensing our technology and from operating activities pursuant to the long-term sale of project outputs, such as electricity and steam, operating and maintenance agreements, and from returns on its equity investments in various production facilities.

For reporting purposes, corporate center expenses, corporate debt expenses, other corporate expenses and expenses related to certain legacy liabilities, such as asbestos, are reported independently in the Corporate and Finance Group, which is referred to as the C&F Group.

FWLT markets its services and products through a worldwide staff of sales and marketing personnel, and through a network of sales representatives. The businesses are not seasonal and are not dependent on a limited group of clients. Except for one client that accounted for approximately 13% of consolidated revenues in fiscal year 2006, no single client accounted for ten percent or more of our consolidated revenues in fiscal years 2006, 2005 or 2004. Representative clients include state-owned and multinational oil and gas companies, major petrochemical, chemical, and pharmaceutical companies, national and independent electric power generation companies, and government agencies, throughout the world. The majority of new business originates outside of the United States.




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