OUR GREAT MINDS

    by Tina Olivero

    Wood awarded multi-million dollar contract

    Wood has secured a new multi-million dollar contract with Hyundai Engineering to provide detailed engineering services and material supply for a steam methane reformer, part of a new Wood-licensed hydrogen production unit for the Melaka Refinery Diesel Euro 5 Project in Malaysia.

    Wood will deploy its leading proprietary Terrace WallTM technology for hydrogen production as part of the contract, which will be delivered by the company’s process technology specialists based in Milan.

    Bob MacDonald, CEO of Wood’s Specialist Technical Solutions business, said: “Our extensive hydrogen technology expertise, global capabilities in the design and supply of fired heaters and our decades of experience in providing innovative modular solutions, positions Wood ideally to deliver this important contract for Hyundai Engineering.”

    Wood is a global leader in the delivery of project, engineering and technical services to energy and industrial markets. We operate in more than 60 countries, employing around 55,000 people, with revenues of around $10 billion.  We provide performance-driven solutions throughout the asset life cycle, from concept to decommissioning across a broad range of industrial markets, including the upstream, midstream and downstream oil & gas, power & process, environment and infrastructure, clean energy, mining, nuclear, and general industrial sectors. We strive to be the best technical services company to work with, work for and invest in. www.woodplc.com

    THE EVOLUTION OF WOOD

    wood

    History of Amec/Foster Wheeler – Acquired by Wood in 2017

    In a history spanning more than 160 years, we have achieved many milestones, consistent growth in business and skills and extended our geographical reach more than 55 countries. Here are some of the key milestones we have achieved in our past:

    1848 – Matthew Hall opens lead work business in Lambeth (becoming an early UK specialist in plumbing and sanitation)

    1883 – Leonard Fairclough starts stone business in the UK

    1884 – The Water Works Supply Company is created by the Foster family

    1891 – Wheeler Condenser & Engineering Company is established

    1923 – Fairclough Civil Engineering builds one of the first UK bypass road at Purfleet

    1927 – Foster Wheeler Corporation (FWC) is formed from a merger of two US companies: the Power Specialty Company (which replaced Water Works Supply Company) and the Wheeler Condenser & Engineering Company

    1929 – FWC is first listed on the New York Stock Exchange

    1939 – Matthew Hall & Co exceeds £1 million turnover, employs 2,700 people

    1960 – William Press establishes Costain & Press to undertake mechanical works for oil companies overseas

    1963 – Matthew Hall splits into Matthew Hall Mechanical Services, Matthew Hall Engineering, Matthew Hall Works & Plant

    1971 – The Queens Award to Industry for Export Achievement is awarded to the Process Plants Division

    1981 – The Queen’s Award for Export Achievement is awarded to Foster Wheeler Power Products

    1982 – William Press and Fairclough construction groups merge to form AMEC plc

    1982 – AMEC plc is listed on the London Stock Exchange

    1988 – Matthew Hall Group of Companies, operating from the UK, Australia, Holland and the US, employing 10,000 people, is brought into AMEC group

    2000 – AMEC merges with AGRA

    2005 – Foster Wheeler is relisted on the Nasdaq Stock Exchange

    2014 – AMEC and Foster Wheeler combine on 13 November to create a new force in global engineering, project delivery, asset support, power equipment and consultancy, trading on the London and New York Stock Exchanges in the Oil Equipment and Services sector (AMFW)

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