Foster Wheeler AG (Nasdaq: FWLT) announced today that it has acquired Yonkers Industries, Inc., a 30-year-old US-based firm that specializes in the management of construction and commissioning of pharmaceutical and biotech facilities, with capabilities to also manage the full EPCm (Engineering, Procurement and Construction Management) of such facilities.

With offices in California, North Carolina and Puerto Rico, Yonkers Industries has approximately 200 professionals. Through its participation in a project-services partnership called Modular Partners, Yonkers also has the ability to provide modular project delivery services on a worldwide basis.

“The acquisition of Yonkers Industries gives our pharmaceutical business a construction management capability in North America,” said Kent Masters, Chief Executive Officer of Foster Wheeler AG. “Yonkers has a global reputation for excellence in contract execution, and the addition of this construction management capability immediately strengthens our value proposition to pharmaceutical and biotech clients.”

Masters added, “Foster Wheeler Biokinetics, our US-based pharmaceutical unit, will experience the most immediate benefit from this acquisition – as the client portfolios and geographic coverage of the two companies fit together quite effectively. We believe that the project and construction management skills of Yonkers are a perfect complement to the biotech engineering expertise of Biokinetics.”

Technip, in a consortium with Asahi Kasei Chemicals Corporation Japan, has been awarded by BASF S.E. a lump sum turnkey engineering, procurement and construction (EPC) contract, for the expansion project of a chlorine plant (chlor-alkali). The plant is situated in Ludwigshafen, Germany, BASF’s largest production site worldwide.

The work will include a membrane chlorine plant expansion as well as the integration and implementation of existing equipment and facilities.  Technip will be responsible for the complete EPC execution of the project using Asahi Kasei Chemicals Corporation’s technology and proprietary equipment. The project is scheduled to start up in the second semester of 2014.

Technip’s operating center in Düsseldorf, Germany will execute the project. This contract reinforces our relationship with BASF and provides it with access to Technip’s extensive expertise in the chemical sector. This award follows the successful execution of the conversion project in 2002 as well as the pre front-end engineering design (FEED) and the FEED phases of the Ludwigshafen project, which were also carried out by Technip.

Technip has been awarded by GDF SUEZ E&P UK Limited an engineering, procurement, installation and construction contract for the Juliet project, located 40 kilometers East of the Humberside estuary, at a water depth of approximately 20 to 60 meters.

This contract, which is a tie-back to the Pickerill A platform, will cover the installation of a:

• 12” 22-kilometer rigid flowline(1),
• 22 kilometer static controls umbilical(2),
• 12” riser(3),
• 16” J-Tube assembly,
• 100-ton manifold(4).

Technip’s operating centers in Aberdeen, Scotland and in Oslo, Norway will work in conjunction to deliver this project. The offshore campaign is scheduled to be completed by the end of 2013 and will use vessels from the Technip fleet, including the Apache II and Normand Pioneer.

Knut Boe, Senior Vice President, Technip’s North Sea Canada Region, declared: “We are delighted to be working with GDF SUEZ to deliver the Juliet development. This project is a great example of the ongoing level of investment in the UK Continental Shelf and the subsea opportunities that are arising as result. Furthermore, this project will see our Aberdeen and Oslo-based teams work very closely. It demonstrates Technip's strength as an international company sharing expertise and resources across national boundaries and it also confirms our position as a leading contractor in the North Sea area.”

SNC-Lavalin has announced that it has been awarded a General Engineering Services Contract by Khafji Joint Operations (KJO), a joint venture between the Aramco Gulf Operations Company (AGOC) and the Kuwait Gulf Oil Company (KGOC). The five-year contract will see SNC-Lavalin carry out a range of front-end studies, perform preliminary and detailed engineering, and provide procurement and construction management support for onshore and offshore hydrocarbon and industrial projects. The contract will be carried out from SNC-Lavalin’s office in Al Khobar, Saudi Arabia, and at the Company’s office in London, UK.

“We’re very pleased to secure this contract, which further extends our hydrocarbon footprint with Aramco and provides a first opportunity to work with the Kuwait Gulf Oil Company,” said Ric Sorbo, Senior Vice-President and General Manager, SNC-Lavalin Group Inc. “Our track record in the offshore upstream sector was a key reason for this success.”