UPDATE 1-Foster Wheeler to design $100 mln chemical plant


By : * Client name, fee not disclosed
Date posted :2009-08-21 07:40:00

* Plant to be built in United States

* Shares up less than 1 percent in premarket

NEW YORK, Aug 21 (Reuters) - Engineering contractor Foster Wheeler Ltd (FWLT.O) said on Friday it will design a $100 million chemical plant for a client it did not name in the United States.

The project is noteworthy because the chemical industry has been hit hard by low consumer demand during the past year.

Already, many chemical makers have too much capacity on their hands, and the addition of a new plant to the industry's infrastructure will only increase that.


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