Foster Wheeler Camden Facility Recognized by U.S. Department of Labor for Excellence in Workplace Safety and Health


ZUG, SWITZERLAND, December 15, 2009 - Foster Wheeler AG (Nasdaq: FWLT) announced today that Camden County Energy Recovery Corp.’s (CCER’s) waste-to-energy facility received certification at the Star, or highest, level in the Voluntary Protection Programs (VPP) of the U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) for achievements in workplace safety and health. CCER is a subsidiary of Foster Wheeler.

-Foster Wheeler has demonstrated an ongoing commitment to effective safety and health management at their Camden County site,” said Paula Dixon-Roderick, director of OSHA’s Marlton, N.J., office. -We commend this company for maintaining an injury and illness rate considerably below the industry average.”

The plant’s Star certification came after an OSHA team’s on-site review of CCER’s safety and health programs, interviews with employees, and walkthrough of the work site. Among the areas of excellence identified during the review were extensive employee involvement at the facility, resulting in multiple engineering controls being implemented, in turn resulting in the mitigation or elimination of various risks and/or hazards such as falls, chemical exposures, and ergonomic hazards. This involvement by employees included employees performing routine safety inspections, developing job safety analyses, raising and addressing safety issues and concerns, and reviewing site safety procedures.

-Foster Wheeler is committed to safety, health and environmental excellence as an essential element of every operation and as a core business value that must not be compromised. Our focus on continuously improving our ‘state of the art’ safety processes globally to meet or exceed our annual targeted safety performance demonstrates our desire to be a leader in safety and health excellence,” said Gary Nedelka, president and chief executive officer of Foster Wheeler Global Power Group. -We are extremely proud of our entire Foster Wheeler team at CCER.”

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

Safe Harbor Statement

Foster Wheeler AG news releases may contain forward-looking statements that are based on management’s assumptions, expectations and projections about the Company and the various industries within which the Company operates. These include statements regarding the Company’s expectations about revenues (including as expressed by its backlog), its liquidity, the outcome of litigation and legal proceedings and recoveries from customers for claims and the costs of current and future asbestos claims and the amount and timing of related insurance recoveries. Such forward-looking statements by their nature involve a degree of risk and uncertainty. The Company cautions that a variety of factors, including but not limited to the factors described in the Company’s most recent Annual Report on Form 10-K, which was filed with the U.S. Securities and Exchange Commission and the following, could cause the Company’s business conditions and results to differ materially from what is contained in forward-looking statements: benefits, effects or results of the Company’s redomestication, further deterioration in the economic conditions in the United States and other major international economies, changes in investment by the oil and gas, oil refining, chemical/petrochemical and power industries, changes in the financial condition of its customers, changes in regulatory environments, changes in project design or schedules, contract cancellations, changes in estimates made by the Company of costs to complete projects, changes in trade, monetary and fiscal policies worldwide, compliance with laws and regulations relating to its global operations, currency fluctuations, war and/or terrorist attacks on facilities either owned by the Company or where equipment or services are or may be provided by the Company, interruptions to shipping lanes or other methods of transit, outcomes of pending and future litigation, including litigation regarding the Company’s liability for damages and insurance coverage for asbestos exposure, protection and validity of its patents and other intellectual property rights, increasing competition by non-U.S. and U.S. companies, compliance with its debt covenants, recoverability of claims against its customers and others by the Company and claims by third parties against the Company, and changes in estimates used in its critical accounting policies. Other factors and assumptions not identified above were also involved in the formation of these forward-looking statements and the failure of such other assumptions to be realized, as well as other factors, may also cause actual results to differ materially from those projected. Most of these factors are difficult to predict accurately and are generally beyond the Company’s control. You should consider the areas of risk described above in connection with any forward-looking statements that may be made by the Company. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any additional disclosures the Company makes in proxy statements, quarterly reports on Form 10-Q, annual reports on Form 10-K and current reports on Form 8-K filed with the Securities and Exchange Commission.

SOURCE: Foster Wheeler AG

Foster Wheeler AG
Maureen Bingert, 908-730-4444
Jan Rogers, 908-713-3288
Investor Relations
Scott Lamb, 908-730-4155
Other Inquiries

Return to topTop