Foster Wheeler

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Foster Wheeler AG
Type Public
Traded as NASDAQFWLT
Industry Engineering
Founded 1927
Headquarters registered office: Baar, Switzerland
principal executive offices: Reading, UK
Key people Kent Masters, CEO
Employees 14000+
Website www.fwc.com

Foster Wheeler AG (formerly Foster Wheeler Inc.) is a global engineering conglomerate with its principal executive offices in Reading, UK[1] and its registered office in Baar, Canton of Zug, Switzerland.[2] Foster Wheeler was added to the NASDAQ-100 on July 12, 2007.

History[edit]

The present company was formed in 1927 from a merger of the Power Speciality Company (which replaced American Water Works Supply Company, created by the Pell and Ernest Foster in 1884) and the Wheeler Condenser & Engineering Company, which was created by Frederick Mariam Wheeler in 1891. It was originally based in New York City but later moved to Livingston, New Jersey and stayed there for nearly a quarter century before relocating to Clinton, New Jersey in 1987.[3]

Operations[edit]

The company is focused on the Engineering, Procurement, and Construction (EPC) industry and the electrical power equipment industry. It comprises two business groups: a Global Engineering and Construction (E&C) Group and a Global Power Group.

Global E&C Group[edit]

The Global E&C Group designs, engineers and constructs leading-edge processing facilities and related infrastructure for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals & petrochemicals, pharmaceuticals, biotechnology & healthcare, environmental and power industries.

They own technology in delayed coking, solvent de-asphalting, and hydrogen production processes. They also provide international environmental remediation services with related technical, engineering, design and regulatory services.

Global Power Group[edit]

The Global Power Group builds, owns and operates cogeneration, independent power production, and waste-to-energy facilities as well as facilities for the process industries, providing electricity, steam, and feed stocks to industries and local grids.

See also[edit]

References[edit]

  1. ^ Foster Wheeler in the UK
  2. ^ "Contact Us:Corporate." Foster Wheeler. Retrieved on December 30, 2011. "Foster Wheeler AG Lindenstrasse 10 6340 Baar, (Canton of Zug), Switzerland" and "Principal Executive Offices Foster Wheeler AG 80 Rue de Lausanne 1202 Geneva, Switzerland "
  3. ^ Foster Wheeler Funding Universe

External links[edit]