Foster Wheeler Awarded EPC Contract for New Chemical Facility

Foster Wheeler Ltd's UK subsidiary, Foster Wheeler Energy Limited, and its Singapore subsidiary, Foster Wheeler Asia Pacific Pte. Ltd., both of which are part of its Global Engineering and Construction group, have been awarded a reimbursable engineering, procurement and construction (EPC) contract by Lucite International Singapore Pte. Ltd. (LISPL) for a new methyl methacrylate (MMA) manufacturing facility to be built on Jurong Island, Singapore. Lucite International is a manufacturer of acrylic products and owner of the renowned Lucite(R) and Perspex(R) brands.

Foster Wheeler has already completed the basic engineering design for this 120,000 tonnes per annum plant. Lucite International has recently marked the start of construction of the new plant with a groundbreaking ceremony held in Singapore in mid-July 2006. The plant is scheduled for commissioning in 2008.

The new plant will use Lucite International UK Limited's proprietary state-of-the-art Alpha technology which, according to Lucite International, offers significant economic and environmental benefits over conventional MMA manufacturing routes, and is set to revolutionize the production cost-base for MMA, the basic building block of the acrylics industry. This is the first in a series of Alpha-based facilities planned by Lucite International.

"We are delighted that Lucite International has awarded us the EPC contract on a roll-over basis for their new state-of-the-art MMA plant in Singapore," said Franco Anselmi, chief executive officer, Foster Wheeler Asia Pacific. "This award underscores our unrivalled track record as an EPC contractor in Singapore and also reflects the quality of our people and of our technical offering. We look forward to playing an integral role in this new chapter in MMA production."

"Foster Wheeler is one of the world's biggest and most respected engineering and construction contractors," commented Neil Sayers, chairman of LISPL and vice president of manufacturing. "Their long experience of working in Singapore, combined with strong operations in both the UK and locally in Singapore, make them the ideal partner for Lucite International in this groundbreaking new plant we are building."

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Posted 18/09/06

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