Foster Wheeler wins Saudi contract
Zug (Switzerland), February 21, 2012
Foster Wheeler said its subsidiary Global Engineering and Construction Group has won a conceptual and basic design contract from Saudi-based Saja Pharmaceuticals for the expansion of its manufacturing facility in Jeddah.
Saja Pharmaceuticals is a joint-venture between Tamer Industries and two Japanese pharmaceutical companies, Daiichi-Sankyo Company and Astellas Pharma.
The Saja plant produces brand name as well as generic medicines for both the Saudi and other Middle East markets.
As per the contract, Foster Wheeler will provide conceptual and basic design services for a new research and development building, which will also be designed to manufacture small production lots for launching new products on the market, a new oral solid dosing manufacturing and packaging facility, a warehouse, quality control laboratories and an administrative building.
The global engineering giant said the scope of work was expected to be completed during May. However it did not disclose the contract value.
Foster Wheeler said the project will be included in the company’s fourth-quarter 2011 bookings.-TradeArabia News Service