Mining capital investments set to grow: Foster Wheeler

Oct 12, 2012 | 01:14 PM | Catherine Ngai

Tags  Foster Wheeler USA, John Crockett, Journal of Commerce, Breakbulk Americas conference, metals and mining, Catherine Ngai

HOUSTON — While global economic uncertainty plagues the commodities markets, capital-intensive projects in the metals and mining sector are expected to increase in the near term, according to an executive at engineering and construction firm Foster Wheeler USA Corp.

"We’re seeing wild price swings up and down in the metals sector. However, this strong pricing in raw materials—such as ferrous scrap, rebar, beams, copper—has led to a strong metals and mining capital project market sector for (engineering, procurement and construction firms)," John K. Crockett, director of procurement and subcontracts at the Houston-based company, told attendees at the Journal of Commerce’s Breakbulk Americas Conference. ....

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