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Foster Wheeler bags contract for Owens US composites unit

04 Jul '14
2 min read

Foster Wheeler AG announced that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management contract by Owens Corning for a new composite materials manufacturing facility in Gastonia, North Carolina. The Gastonia operation will support growing customer demand for glass non-woven products serving the global building materials market. Non-woven products feature enhanced aesthetics, mold and fire prevention, and corrosion resistance.
 
Foster Wheeler's contract value was not disclosed. The engineering, procurement and early construction work was included in the company’s first-quarter 2014 bookings and the balance of the construction management scope is expected to be released later in 2014.
 
“We are very pleased to have been awarded this contract by Owens Corning,” said Roberto Penno, Chief Executive Officer, Foster Wheeler Global Engineering and Construction Group. “This project will be executed by our Cary, NC, team, part of our Process & Industrial (P&I) Division in the U.S. This award reflects the strong relationship our P&I Division has developed with Owens Corning.”
 
Foster Wheeler’s scope of work is expected to be completed by the end of 2015.
 
Foster Wheeler AG is a global engineering and construction company and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 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, minerals and metals, environmental, pharmaceuticals, biotechnology and healthcare industries. 

Foster Wheeler

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