Foster Wheeler Awarded Contract for Central Utility Facilities for New Biotechnology Park in Malaysia

03/08/2011


ZUG, SWITZERLAND, August 4, 2011 -- Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded a project management consultancy contract for the central utility facilities associated with a new biotechnology park in Nusajaya, Wilayah Iskandar, Malaysia. The contract was awarded by Malaysian Bio-XCell Sdn Bhd (-Bio-XCell”), a joint venture company between Malaysian Biotechnology Corporation Sdn Bhd (BiotechCorp) and UEM Land Holdings Bhd., which company owns and is developing the new park.

The Foster Wheeler contract value for this project was not disclosed and was included in the company’s second-quarter 2011 bookings.

The new 150-acre park is being created as part of an initiative by the Malaysian Government to develop its healthcare and industrial biotechnology facilities. The park features green initiatives such as natural lighting, passive cooling, solar energy and rainwater harvesting and will include a central hub consisting of offices, laboratories, canteen, 22 standard building shells, and larger land plots for custom-built facilities. All facilities will be supplied with chilled water and steam from a central utility facility (CUF) which will also treat all wastewater. Planned to be built in phases, the initial CUF design includes a 30-ton package boiler and a 40-ton biomass boiler which will use palm waste as its fuel. The chilled water will be produced by three 3,750 KW chillers. The CUF is being designed to accommodate two more 40 ton biomass boilers and four more 3,750 KW chillers in the future.

In addition to assisting with contractor selection for the detailed design and construction of the CUF, Foster Wheeler will review and monitor the design, construction and commissioning of the CUF, which is scheduled for completion during the second quarter of 2012.

-This award reflects value we are able to add in helping our clients to develop a robust design basis upon which to obtain engineering, procurement and construction bids, and also demonstrates Bio-XCell’s confidence in our technical and project management capabilities,” said Umberto della Sala, Interim Chief Executive Officer, Foster Wheeler AG. -Malaysia is a strategically important market for us, in which we are extending our client base and expanding our local operation to provide comprehensive, high-quality services to Malaysian and international clients.”

Foster Wheeler AG is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 12,000 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, mining and metals, 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 office is in Geneva, Switzerland. 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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