Foster Wheeler Awarded EPCm Contract in China for World's Largest EPDM Rubber Facility


china

ZUG, Switzerland--November 26, 2012--Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management (EPCm) contract by LANXESS Changzhou Co., Ltd for a new ethylene propylene diene monomer (EPDM) rubber plant to be built at the Changzhou Yangtze Riverside Industrial Park at Changzhou, Jiangsu Province, in the People's Republic of China. Foster Wheeler is currently executing the front-end engineering design (FEED) for this facility.

“This latest win further demonstrates the value LANXESS places on the quality of our people and its confidence in our performance in delivering LANXESS' projects safely and successfully”

The Foster Wheeler contract value for this project was not disclosed and was included in the company's third-quarter 2012 bookings.

The new facility will be designed to produce 160,000 tonnes per annum of EPDM rubber. The plant is expected to start up in 2015. LANXESS, a leading specialty chemicals company headquartered in Germany, states that this new plant, which it describes as the largest EPDM rubber facility in the world, is its largest investment in China to date.

EPDM is used primarily in the automotive industry as door sealants or windscreen wipers. It is also used in the plastics modification, cable and wire, construction and oil additives industries.

"This latest win further demonstrates the value LANXESS places on the quality of our people and its confidence in our performance in delivering LANXESS' projects safely and successfully," said Umberto della Sala, Chief Operating Officer, Foster Wheeler AG. "Foster Wheeler is working as the EPCm contractor on three of LANXESS' major projects in Asia."

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