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Foster Wheeler Awarded EPCM Contract for Owens Corning Manufacturing Facility in U.S.

ZUG, Switzerland--(BUSINESS WIRE)--Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction management contract by Owens Corning (NYSE:OC) for a new composite materials manufacturing facility in Gastonia, North Carolina. The Gastonia operation will support growing customer demand for glass non-woven products serving the global building materials market. Non-woven products feature enhanced aesthetics, mold and fire prevention, and corrosion resistance.