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Foster Wheeler Wins New Hydrotreater Unit in Lithuania for AB Mazeikiu Nafta.

Publication: Business Wire
Publication Date: 22-FEB-05
Format: Online - approximately 749 words
Delivery: Immediate Online Access

Article Excerpt
HAMILTON, Bermuda -- Foster Wheeler Ltd. (OTCBB: FWHLF) is pleased to announce that its subsidiary Foster Wheeler Iberia, S.A. has been awarded a contract for the supply and construction of a new fluid catalytic cracker gasoline selective hydrotreater unit (Axens license) at AB Mazeikiu Nafta's Mazeikiai Refinery in northwest Lithuania. The contract value is approximately $43 million and the project will be included in Foster Wheeler's fourth-quarter 2004 bookings.

"This contract represents another important milestone in our penetration of the Eastern European and Russian markets," commented Jesus Cadenas, managing director, Foster Wheeler Iberia, S.A. "We have already executed successful projects in Hungary, Bulgaria, Russia, and Belarus. Our track record demonstrates that...

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