Foster Wheeler Sees Record Orders, Backlog in E&C Business in 2012, Expects Slow Recovery to Continue

SUGAR LAND--March 4, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--Foster Wheeler AG (NASDAQ:FWLT) (Zug, Switzerland), a global engineering and construction company and power equipment supplier, ended 2012 on a mixed note as heavy costs related to asbestos-related provisions, depreciation and amortization offset record-level orders and backlog in the Global Engineering & Construction (E&C) Group. Industrial Info is tracking more than $80.5 billion in active projects involving Foster Wheeler.