foster wheeler ag (FWLT) Key Developments
Foster Wheeler Ag Approves Amendments to Articles of Association
Jul 10 14
Foster Wheeler AG announced that its extraordinary general meeting held on July 10, 2014. At the meeting, the company's shareholders approved certain amendments to the company's Articles of Association, which will provide an exemption from the transfer restrictions and voting limitations in the case where a person who, together with its affiliates, acquires more than two-thirds of Foster Wheeler's issued and outstanding shares in a successful public tender offer.
Foster Wheeler Wins Contract for Engineering, Construction of Composite Materials Site in North Carolina
Jul 3 14
Foster Wheeler AG has won an engineering, procurement and construction management contract from Owens Corning (OC) for a new composite materials manufacturing facility in Gastonia, North Carolina. The financial terms of the contract were not disclosed. The engineering, procurement and early construction work was included in the company's first quarter bookings and the balance of the construction management scope is expected to be released later in 2014. Foster Wheeler's scope of the work is expected to be completed by the end of 2015. The plant will make non-woven products such as enhanced aesthetics, mold and fire prevention, and corrosion resistance products for the building materials market.
Foster Wheeler AG(NasdaqGS:FWLT) added to Russell 1000 Index
Jul 1 14
Foster Wheeler AG will be added to the Russell 1000 Index.
Foster Wheeler AG(NasdaqGS:FWLT) added to Russell 3000 Index
Jul 1 14
Foster Wheeler AG will be added to the Russell 3000 Index.
Foster Wheeler Unit Bags Supply Contract in Russia
Jun 24 14
Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction division has been awarded a contract to supply Glencore Oil Projects with steam reformer heater. The heater, which will be based on Foster Wheeler's Terrace Wall design, will be used for hydrogen production for the Orsknefteorgsyntez Refinery in Russia. Financial terms of the contract weren't disclosed.