News from Switzerland, where Foster Wheeler AG has announced that its UK-headquartered subsidiary Foster Wheeler Energy Limited has been awarded the Queen's Award for Enterprise.

Recognised in the International Trade category, the subsidiary forms part of the company's Global Engineering and Construction Group. The honour represents the eighth time that a Foster Wheeler UK company has won a Queen’s Award.

In order to win the Queen’s Award a company must be able to 'demonstrate substantial growth in overseas earnings and commercial success, to levels that are outstanding for the goods or services concerned and for the size of the applicant’s operations'.

Foster Wheeler was judged for its outstanding achievement in international trade, sustained over not less than three years.

“Winning the Queen’s Award for Enterprise is a tremendous honour for our company,” said Michael J. Beaumont, Chairman and CEO of Foster Wheeler Energy Limited.

“We have played, and are playing, a key role in safely delivering some of the largest, most challenging and technically complex projects in the world today. The expertise, commitment and professionalism of our people are key to our success and I would like to thank all of our staff for the contribution they have made in achieving the outstanding export growth that has led to this prestigious Queen’s Award.”

During the past three years, Foster Wheeler Energy Limited has secured business in 46 countries in the fields of upstream oil & gas production, LNG, gas-to-liquids, coal-to-liquids, coal-to-chemicals, mineral processing, carbon capture & storage (CCS), oil refining, chemicals, petrochemicals and pharmaceuticals and biotechnology.