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Foster Wheeler Sees Record Orders, Backlog in E&C Business in 2012, Expects Slow Recovery to Continue, an Industrial Info News Alert

SUGAR LAND, TX -- (Marketwire) -- 03/04/13 -- 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.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.

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