Foster Wheeler wins Lanxess's Chinese rubber plant contract
Foster Wheeler's subsidiary has received an engineering, procurement and construction management contract from Lanxess Changzhou.
The contract is for the construction of a new ethylene propylene diene monomer (EPDM) rubber plant at the Changzhou Yangtze Riverside Industrial Park in China.
Presently, Foster Wheeler is carrying on the front-end engineering design (FEED) for the plant.
The new plant, which is expected to produce 160,000tpa of EPDM rubber, will be the largest such facility in the world, according to Lanxess.
Foster Wheeler chief operating officer Umberto della Sala said the contract further demonstrates Lanxess's confidence in the company.
"Foster Wheeler is working as the EPCm contractor on three of Lanxess's major projects in Asia," Sala said.
The rubber plant, with the highest investment made by Lanxess in China, is expected to start production in 2015.
The value of the contract, which was not disclosed, was included in the company's third-quarter 2012 bookings.
EPDM is primarily used in the automotive industry as door sealants or windscreen wipers, as well as in the plastics modification, cable and wire, construction and oil additives industries.