Foster Wheeler Awarded Wastewater Treatment Plant Design Contract in Saudi Arabia

12/10/2009


ZUG, SWITZERLAND, October 13, 2009, Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global Engineering and Construction Group has been awarded a process design contract by SETE Energy Saudia for Industrial Projects Ltd. (SETE Energy) for the expansion of an industrial wastewater treatment plant in Saudi Arabia.

The plant is owned by Power & Water Utility Company for Jubail & Yanbu (MARAFIQ). MARAFIQ is the authority responsible for providing power generation, water supply and treatment utilities for the industrial complexes of Jubail and Yanbu in Saudi Arabia. SETE Energy, the water treatment utilities developer and part of the Latsis Group, is the engineering, procurement and construction contractor for this project.

Foster Wheeler’s contract value, which was not disclosed, will be included in the company’s third-quarter 2009 bookings.

Foster Wheeler will undertake the process design and provide technical assistance during pre-commissioning, commissioning and start-up phases. After the expansion, which is expected to be completed by the end of 2011, the plant will be able to treat 55,000 cubic meters a day of wastewater.

-Once again the collaboration of SETE Energy and Foster Wheeler has proved successful in the Kingdom and we look forward to continuing the relationship that we have built to date,” said George Antonopoulos, chief executive officer, SETE Energy.

Foster Wheeler AG is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs over 14,000 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, 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 are in Clinton, New Jersey, USA. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.

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Foster Wheeler AG
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Maureen Bingert, 908-730-4444
maureen_bingert@fwc.com
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Italy
Cristiana Monti, +39 02 4486 2135
cristiana_monti@fwceu.com
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Investor Relations
Scott Lamb, 908-730-4155
scott_lamb@fwc.com
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