Foster Wheeler Expands Power Boiler Service Business in Germany and Finland

Foster Wheeler AG (Nasdaq: FWLT) announced today that its Global Power Group is expanding its power boiler service business in Germany and Finland by establishing two new service centers which will supply spare parts, boiler pressure vessel components (superheaters, economizers, etc.) and boiler modernizations to existing plants in these areas.

Foster Wheeler’s power boiler service capability in Germany is strengthened by a move to a new service center in Krefeld-Linn, in northwestern Germany. The new center consisting of 2,300 square meters of office and workshop space is currently open for emergency service and will be fully operational by the end of the year. The workshop is equipped with tube bending and welding machinery, cranes and storage facilities as well as equipment for site work. The new center also provides an excellent infrastructure for emergency repair service in Germany and the neighboring countries.

In Finland, a new service center will open November 1, 2010 in Kurikka, in the province of Western Finland. The new center brings Foster Wheeler’s service operations closer to existing plant operations in the area and thereby improves the speed and flexibility for local customer service. The Kurikka service center is 2,000 square meters of floor space including office premises. The workshop will include tube-bending and welding machines, cranes and other state of the art service production and site equipment.

"Both new service centers support Foster Wheeler’s service expansion strategy and strongly improve our ability to provide high quality localized service for virtually any brand/make of power boiler. The service centers will also enable us to provide 24-hour emergency service for plant operators,” said Tomas Harju-Jeanty, president and CEO of Foster Wheeler Energia Oy Group.

Foster Wheeler AG is a global engineering and construction contractor and power equipment supplier delivering technically advanced, reliable facilities and equipment. The company employs approximately 13,000 talented professionals with specialized expertise dedicated to serving its clients through one of its two primary business groups. The company’s Global Engineering and Construction Group designs and constructs leading-edge processing facilities for the upstream oil and gas, LNG and gas-to-liquids, refining, chemicals and petrochemicals, power, environmental, pharmaceuticals, biotechnology and healthcare industries. The company’s Global Power Group is a world leader in combustion and steam generation technology that designs, manufactures and erects steam generating and auxiliary equipment for power stations and industrial facilities and also provides a wide range of aftermarket services. The company is based in Zug, Switzerland, and its operational headquarters office is in Geneva, Switzerland. For more information about Foster Wheeler, please visit our Web site at www.fwc.com.

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