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Regions :: China

Foster Wheeler establishes JV in China

6:09 AM MDT | July 22, 2013 | Deepti Ramesh

Foster Wheeler says it has signed an equity purchase agreement with The Fourth Construction Co. of China Electronics System Engineering (Cefoc; Beijing) to buy a 49% share in its Chinese Design Institute, Pechdi. The coowned design institute is now a joint venture named Foster Wheeler Hebei Engineering Design. Foster Wheeler and Cefoc will execute business in China through this jv. Foster Wheeler Hebei Engineering Design is fully licensed to engineer, procure, and construct process facilities in China under single contracts, and it possesses design licenses...

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