Global engineering and construction contractor and power equipment supplier
Foster Wheeler had its headquarter in New York City, New Jersey, USA, until 2007 to relocate it in Geneva in Switzerland since then as Foster Wheeler AG (Foster Wheeler).The actual Foster Wheeler company was established in 1927 as the result of the merger between the Power Speciality Company, created by the Foster family in 1884, and the Wheeler Condenser & Engineering Company which began operations in 1891.
Foster Wheeler remained listed in Nasdaq.
With its 12,000 employees running 28 permanent offices in the world, Foster Wheeler maintains its market leadership by a proven track record of on-time and on-budget execution and management of giant and complex projects.
With businesses related to engineering activities and power equipment, Foster Wheeler is operated through two divisions whose 2011 revenues are representing:
– 61% for the Global Engineering & Construction (E&C) Group
– 39% for the Global Power Group (GPG)
Through the Global E&C Group Foster Wheeler covers all the engineering services:
– Upstream onshore and offshore
Foster Wheeler is also focusing on specific processes, such as the Gas-To-Liquids (GTL), Coal-To-Gas (CTG), Coal-To-Liquids (CTL).
To address all these applications, Foster Wheeler Global E&C Group operate 10 main engineering offices in China, France, India, Italy, Singapore, Spain, South Africa, Thailand, UK, USA.
On the other end, Foster Wheeler Global Power Group (GPG) is providing the power generation and waste-to-energy sectors with a portfolio of steam generator equipment and services.
The Foster Wheeler GPG owns and operates production units in China, Poland and Spain with main engineering centers in China, Finland, Poland, USA.
Foster Wheeler Key Figures
– 2010 Revenues: $4,06 billion
– 2009 Revenues: $5,05 billion
– 2011 Earnings: $0,162 billion
– 2010 Earnings: $0,215 billion
– 2009 Earnings: $0,350 billion
– 2011 Capital Expenditure: $0,028 billion
– 2010 Capital Expenditure: $0,023 billion
– 2009 Capital Expenditure: $0,045 billion
Foster Wheeler Projects and Business Highlights
In Canada, Foster Wheeler is acquiring Three Streams Engineering Ltd, an engineering company of 450 employees based in Calgary, Alberta, providing the full scope of engineering services.
In that respect, Foster Wheeler is working on key projects such as:
– Shell MEG facility in Ras Laffan Qatar
– Petrobras Gas-To-Chemical complex in Brazil
– Reliance Paraxylene facility in Jamnagar, India
– Lanxess Butyl n-PBR synthetic rubber in Singapore
– ChemaWEyaat Taacamol Aromatic project in Abu Dhabi
– Lanxess Changzhou world largest EPDM rubber facility in China
For all these project, Foster Wheeler Global Engineering and Construction Group uses its long standing expertise to focus onconceptual studies, FEED, PMC or Engineering, Procurement and Construction Management (EPCM) contracts carrying less risks than pure EPC contracts on lump sum turn key base.