Foster Wheeler AG (formerly Foster Wheeler Inc.) was a Swiss global engineering conglomerate with its principal executive offices in

Reading Reading is the process of taking in the sense or meaning of Letter (alphabet), letters, symbols, etc., especially by Visual perception, sight or Somatosensory system, touch. For educators and researchers, reading is a multifaceted process invo ...

, UK and its registered office in Baar,

Canton of Zug The canton of Zug, also Zoug (Standard German: , Alemannic German: , rm, Chantun Zug, french: Canton de Zoug, it, Canton Zugo) is one of the 26 cantons of Switzerland. It is located in central Switzerland and its capital is Zug. At the canto ...

, Switzerland. Foster Wheeler was added to the

NASDAQ-100 The Nasdaq-100 (^NDX) is a stock market index made up of 101 equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted index. The stocks' weights in the in ...

on 12 July 2007. On 13 November 2014 Foster Wheeler merged with Amec plc to form

Amec Foster Wheeler Amec Foster Wheeler plc was a British multinational consultancy, engineering and project management company headquartered in London, United Kingdom. In October 2017, it was acquired by Wood Group. It was focused on the Oil, Gas & Chemicals, M ...

. The resultant company was acquired by and merged into

Wood Group John Wood Group plc, commonly known as Wood, is a British multinational engineering and consulting business with headquarters in Aberdeen, Scotland. It is listed on the London Stock Exchange as well as being a constituent of the FTSE 250 Index. ...

in October 2017.

History

Foster Wheeler was formed in 1927 from a merger of the Power Specialty Company (which replaced American Water Works Supply Company, created by Pell and Ernest Foster in 1884) and the Wheeler Condenser & Engineering Company, which was created by Frederick Merriam Wheeler in 1891. It was originally based in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

but later moved to

Livingston, New Jersey Livingston is a township (New Jersey), township in Essex County, New Jersey, Essex County, New Jersey. As of the 2010 United States census, 2010 U.S. census, the township's population was 29,366, reflecting an increase of 1,975 (+7.2%) from the ...

and stayed there for nearly a quarter century before relocating to

Clinton, New Jersey Clinton is a town in Hunterdon County, New Jersey. It is located on the South Branch of the Raritan River in the Raritan Valley region. As of the 2020 U.S. census, the town's population was 2,719,Bermuda ) , anthem = "God Save the King" , song_type = National song , song = " Hail to Bermuda" , image_map = , map_caption = , image_map2 = , mapsize2 = , map_caption2 = , subdivision_type = Sovereign state , subdivision_name = , e ...

; in 2008, it moved its incorporation to

Switzerland ). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...

. The company was listed on the New York Stock Exchange in 1929. On 26 February 2008 Foster Wheeler Announced it had acquired Biokinetics. Foster Wheeler was acquired by AMEC plc in the second half of 2014 to form

. The acquisition coincided with a downturn in the price of crude oil which depressed the market for services to the energy industry and left the merged company with substantial debt. Amec Foster Wheeler was bought by and merged into

in October 2017.

Operations

The company was focused on

engineering, procurement, and construction management Engineering, procurement, and construction (EPC) contracts (a type of turnkey contract) are a form of contract used to undertake construction works by the private sector on large-scale and complex infrastructure projects. Overview Under an EPC co ...

(EPC) contracting and

power Power most often refers to: * Power (physics), meaning "rate of doing work" ** Engine power, the power put out by an engine ** Electric power * Power (social and political), the ability to influence people or events ** Abusive power Power may a ...

equipment supply. It comprised two business groups: a Global Engineering and Construction (E&C) Group and a Global Power Group.

Global E&C Group

The Global E&C Group designed, engineered and constructed leading-edge processing facilities and related infrastructure for the

upstream Upstream may refer to: * Upstream (bioprocess) * ''Upstream'' (film), a 1927 film by John Ford * Upstream (networking) * ''Upstream'' (newspaper), a newspaper covering the oil and gas industry * Upstream (petroleum industry) * Upstream (software ...

oil and gas,

LNG Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volu ...

and gas-to-liquids, refining, chemicals & petrochemicals, pharmaceuticals,

biotechnology Biotechnology is the integration of natural sciences and engineering sciences in order to achieve the application of organisms, cells, parts thereof and molecular analogues for products and services. The term ''biotechnology'' was first used b ...

& healthcare, environmental and power industries. They owned technology in

delayed coking A delayed coker is a type of coker whose process consists of heating a residual oil feed to its thermal cracking temperature in a furnace with multiple parallel passes. This cracks the heavy, long chain hydrocarbon molecules of the residual oil i ...

, solvent de-asphalting, and

hydrogen production Hydrogen production is the family of industrial methods for generating hydrogen gas. As of 2020, the majority of hydrogen (∼95%) is produced from fossil fuels by steam reforming of natural gas and other light hydrocarbons, partial oxidation of h ...

processes. They also provided international environmental remediation services with related technical, engineering, design and regulatory services.

Global Power Group

The Global Power Group built, owned and operated

cogeneration Cogeneration or combined heat and power (CHP) is the use of a heat engine or power station to generate electricity and useful heat at the same time. Cogeneration is a more efficient use of fuel or heat, because otherwise- wasted heat from elect ...

, independent power production, and

waste-to-energy Waste-to-energy (WtE) or energy-from-waste (EfW) is the process of generating energy in the form of electricity and/or heat from the primary treatment of waste, or the processing of waste into a fuel source. WtE is a form of energy recovery. Mo ...

facilities as well as facilities for the process industries, providing electricity, steam, and feed stocks to industries and local grids.

References

External links