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 see lyssavirus. European beech tree fagussylvaticus. European blastomycosis 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.
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