Foster Wheeler Awarded PMC Contract (FWLT)

Foster Wheeler AG FWLT announced today that its Global Engineering and Construction Group has been awarded a contract by Gulf Farabi Petrochemical Company for the provision of project management consultancy (PMC) services for Gulf Farabi’s Linear Alkyl Benzene (LAB) plant expansion at Al-Jubail, Saudi Arabia. The Foster Wheeler contract value for this project was not disclosed and was included in the company’s first-quarter 2010 results. The new plant will have a production capacity of 100,000 tonnes per annum of LAB which is a basic ingredient in the formulation of synthetic detergents.