Member access

4-Traders Homepage  >  Shares  >  Nyse  >  Owens Corning    OC   US6907421019


SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Owens Corning : Foster Wheeler Awarded EPCM Contract for Owens Corning Manufacturing Facility in U.S.

06/12/2014 | 06:28am US/Eastern

By a News Reporter-Staff News Editor at Journal of Engineering -- Foster Wheeler AG (Nasdaq:FWLT) announced that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management contract by Owens Corning for a new composite materials manufacturing facility at Gastonia, North Carolina. The plant will produce a paper-like glass-fiber tissue that is used in various industries to add strength to products while also reducing their weight.

Foster Wheeler's contract value was not disclosed. The engineering, procurement and early construction work was included in the company's first-quarter 2014 bookings and the balance of the construction management scope is expected to be released later in 2014.

"We are very pleased to have been awarded this contract by Owens Corning," said Roberto Penno, Chief Executive Officer, Foster Wheeler Global Engineering and Construction Group. "This project will be executed by our Cary, NC, team, part of our Process & Industrial (P&I) Division in the U.S. This award reflects the strong relationship our P&I Division has developed with Owens Corning."

Foster Wheeler's scope of work is expected to be completed by the end of 2015.

Keywords for this news article include: Engineering, Foster Wheeler AG.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC

(c) 2014 Journal of Engineering via

React to this article
Latest news on OWENS CORNING
5d ago OWENS CORNING : CEO to address UT grads (BRIEF)
12/11 OWENS CORNING : An Application for the Trademark "QUIET FOUNDATIONS" Has Been Fi..
12/10 OWENS CORNING : Conwed Designscape and Wall Technology Consolidate into One Bran..
12/05 OWENS CORNING : Regulation FD Disclosure (form 8-K)
12/05 OWENS CORNING : Declares Fourth-Quarter 2014 Dividend
11/27 OWENS CORNING : Trademark Application for "ELAMINATOR" Filed by Owens Corning
11/27 OWENS CORNING : An Application for the Trademark "QUIET RETREATS" Has Been Filed..
11/22 OWENS CORNING : Prices Cash Tender Offers
11/21 OWENS CORNING : Earns Top Marks in 2015 Corporate Equality Index
11/20 OWENS CORNING : Early Briefing on Industrials Sector Stocks - General Electric, ..
Duration : Period :
Owens Corning Technical Analysis Chart | OC | US6907421019 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes