UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
Form 6-K
______________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For September 06, 2017
Commission File Number 001-36723
______________________
Amec Foster Wheeler plc
(formerly AMEC plc)
(Name
of Registrant)
_______________________
Amec Foster Wheeler plc
Old Change House
128 Queen Victoria Street
London EC4V 4BJ
United Kingdom
(Address
of Principal Executive Offices)
_______________________
Indicate
by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or
Form 40-F:
Form 20-F
☒ Form 40-F ☐
Indicate
by check mark if the registrant is submitting the Form 6-K on
paper as permitted by Regulation S-T Rule 101(b)(1):
☐
Indicate
by check mark if the registrant is submitting the Form 6-K on
paper as permitted by Regulation S-T Rule 101(b)(7):
☐
Indicate
by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If
“Yes” is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3-2(b):
82-
YCI contract win
London, 6
September 2017 - Amec Foster Wheeler has been awarded a US$604
million engineering, procurement and construction (EPC) fixed price
contract for part of a US$1.85 billion methanol plant being
developed by Yuhuang Chemical Inc (YCI), a US-based subsidiary of
China's Shandong Yuhuang Chemical Company Co. Ltd. The first phase
of the project, which includes the construction of a 1.8
million-tonne per annum methanol plant, is being built at YCI's
1,300-acre site in St. James Parish, Louisiana, U.S.
The
contract award reflects Amec Foster Wheeler's strategy to grow both
its chemicals business - as demand increases due to comparatively
low oil and gas prices - and its EPC portfolio. It follows the
successful completion of an earlier phase of work at the plant
awarded to Amec Foster Wheeler in 2015, covering engineering,
project management, procurement and early construction services.
The deep knowledge of the plant gained over the last two years,
coupled with the recent local construction experience of Amec
Foster Wheeler's Power & Process business, gives an advantage
for both contractor and client. The Power & Process
business has successfully executed US$3 billion of lump sum EPC
work in the last three years.
In this
latest contract award, Amec Foster Wheeler will combine the
expertise and skills of its Oil, Gas & Chemicals and its Power
& Process businesses to carry out specific infrastructure and
utilities engineering work, the procurement of bulk items and
selected tagged equipment, and the construction of the methanol
plant.
In line
with the 'full notice to proceed', US$604 million will be added to
the Company's order book in the second half of the
year.
Dr.
Charlie Yao, President of YCI, said:
"We are very pleased to continue working with Amec Foster Wheeler
to complete on time and budget the project in order to start the
distribution of the IMPCA* quality methanol produced at the plant
in Q4-2019."
Jonathan
Lewis, Chief Executive Officer, Amec Foster Wheeler plc,
said:
"I'm delighted that we have been entrusted to continue supporting
YCI on the largest grassroots foreign direct investment by a
Chinese company on the Gulf Coast of the United States. Winning
this contract is a further demonstration of how we are leveraging
our multi-market capabilities to better serve our clients, extend
our presence in high-growth areas, such as the chemicals market,
and contribute to the growth of our order book.
"We look forward to working with YCI to meet the project's
challenges, and delivering safely and successfully this new
world-scale facility to operate at full capacity."
* IMPCA
- International Methanol Producers and Consumers
Association
For further information contact:
Amec Foster Wheeler
Investors:
Rupert Green, Chief Corporate Development
Officer
+44 (0)20 7429 7500
Media:
Jonathan Refoy, Corporate Affairs Director
Notes to editors:
Amec Foster Wheeler
(
www.amecfw.com
)
designs, delivers and maintains strategic and complex assets for
its customers across the global energy and related
sectors.
Employing around 31,000 people in more than 55 countries and with
2016 revenues of £5.4 billion, the company operates across the
oil and gas industry - from production through to refining,
processing and distribution of derivative products - and in the
mining, power and process, pharma, environment and infrastructure
markets.
Amec Foster Wheeler offers full life-cycle services to offshore and
onshore oil and gas projects (conventional and unconventional,
upstream, midstream and downstream) for greenfield, brownfield and
asset support projects, plus leading refining
technology.
Amec Foster Wheeler shares are publicly traded on the London Stock
Exchange and its American Depositary Shares are traded on the New
York Stock Exchange. Both trade under the ticker AMFW.
Yuhuang Chemical Inc. (YCI)
(
www.yci-us.com
)
- a US subsidiary of Shangdong Yuhuang Chemical Co. Ltd. (SYCC) -
started its venture in the US with an ambitious plan: build a world
scale chemical complex on 1,300 acres of farm land in St James
Parish, Louisiana. At the time of the announcement in 2014, it was
the largest green field foreign direct investment by a Chinese
company in the US. The first phase of a planned multi-phase project
will see more than $1.85 billion dollars of total investment
expended.
YCI operates a corporate office in Houston.
Forward-Looking Statements
This
announcement contains statements which constitute "forward-looking
statements". Forward-looking statements include any statements
related to the timing, results and success of contracts, and are
generally identified by words such as "believe," "expect,"
"anticipate," "intend," "estimate," "will," "may," "continue,"
"should" and other similar expressions. Forward-looking statements
are subject to various risks and uncertainties, many of which are
difficult to predict and generally beyond the control of Amec
Foster Wheeler, that could cause actual results and developments to
differ materially from those expressed in, or implied or projected
by, the forward-looking statements. Amec Foster Wheeler does not
undertake to update any of the forward-looking statements after
this date to conform such statements to actual results, to reflect
the occurrence of anticipated results or otherwise.
Publication on Website
A copy of this announcement will be made available on Amec Foster
Wheeler's website at
www.amecfw.com
by no later than 12 noon (London
time) on the business day following publication of this
announcement. For the avoidance of doubt, the contents of this
website are not incorporated into and do not form part of this
announcement.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
|
Date:
06
September 2017
|
|
|
|
|
|
Amec
Foster Wheeler plc (Registrant)
|
|
|
|
|
|
|
By:
|
/s/
Alison Yapp
|
|
|
|
|
|
|
|
|
|
|
|
Name:
Alison Yapp
|
|
|
|
Title:
General Counsel & Company Secretary
|
Amec Foster Wheeler Plc (NYSE:AMFW)
Historical Stock Chart
From May 2024 to Jun 2024
Amec Foster Wheeler Plc (NYSE:AMFW)
Historical Stock Chart
From Jun 2023 to Jun 2024
