Contract Awarded to Foster Wheeler by Kuwait Petroleum in The Netherlands.Business Editors
HAMILTON Hamilton, city, Bermuda
Hamilton, city (1990 est. pop. 3,100), capital of Bermuda, on Bermuda Island. It is a port at the head of Great Sound, a huge lagoon and deepwater harbor protected by coral reefs. , Bermuda--(BUSINESS WIRE)--Sept. 23, 2002
Foster Wheeler Ltd. (NYSE NYSE
See: New York Stock Exchange :FWC FWC Fish and Wildlife Conservation Commission (Florida)
FWC Foster Wheeler Corporation (Clinton, NJ)
FWC Family Winemakers of California
FWC Fresh Water Cooling
FWC Flight Warning Computer ) announced today that its Milan-based subsidiary, Foster Wheeler Italiana S.p.A., has been awarded a contract by Kuwait Petroleum Europoort for the revamp re·vamp
tr.v. re·vamped, re·vamp·ing, re·vamps
1. To patch up or restore; renovate.
2. To revise or reconstruct (a manuscript, for example).
3. To vamp (a shoe) anew.
n. of a vacuum unit and some hydrodesulfurization units at its refinery at Europoort, near Rotterdam, The Netherlands.
The contract calls for Foster Wheeler to provide engineering, procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , construction management and supervision (EPCm) services. Work on the project has already begun and is scheduled for completion in autumn 2003.
"Foster Wheeler has executed many projects in the past 30 years for Kuwait Petroleum and this is the latest in a series we have done for Kuwait Petroleum Europoort," said Umberto della Sala, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Foster Wheeler Continental Europe Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands and, at times, peninsulas. . "The revamp work will enable the refinery to operate more efficiently and also meet the European European
emanating from or pertaining to Europe.
European bat lyssavirus
European beech tree
see cryptococcosis. Union's more stringent specifications on diesel fuel."
Notes to Editors: 1. Foster Wheeler Ltd. is a global company offering, through its subsidiaries, a broad range of design, engineering, construction, manufacturing, project development and management, research, plant operation and environmental services. The corporation is based in Hamilton, Bermuda, and its operational headquarters are in Clinton, N.J. For more information about Foster Wheeler, visit our World Wide Web site at www.fwc.com. 2. Safe Harbor Statement This news release contains forward-looking statements that are based on management's assumptions, expectations and projections about the various industries within which the corporation operates. Such forward-looking statements, by their nature, involve a degree of risk and uncertainty. The corporation cautions that a variety of factors, including but not limited to the following, could cause business conditions and results to differ materially from what is contained in forward-looking statements: changes in the rate of economic growth in the United States and other major international economies, changes in investment by the energy, power and environmental industries, changes in regulatory environment, changes in project schedules, changes in trade, monetary and fiscal policies worldwide, currency fluctuations, outcomes of pending and future litigation, protection and validity of patents and other intellectual property rights, and increasing competition by foreign and domestic companies.