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E&C Enterprises Inc history
E&C Enterprises Inc company history timeline
Despite a recession, Foster Wheeler's revenues increased 20 percent in 1991, and the growing backlog of bus iness suggested a continued rise in revenues.
The company's backlog grew from the steady $1 billion mark of the 198 0s to $3.47 billion by 1992.
Foster Wheeler reorganized in 1993, incorporating its environmental g roup into its engineering and construction group.
The acquisition of Opt imized Process Designs in 1994 provided Foster Wheeler with the means to provide engineering and construction to the hydrocarbon processin g industry.
1994: Enserch Environmental Corporation is purchased.
Although most of the company's new business had come from internation al contracts, particularly in Europe and Asia, Foster Wheeler anticip ated a surge of refinery work in the United States due to new federal clean-air legislation that required many refineries to upgrade their facilities by 1995.
In 1995 the company expanded further both internationally and domesti cally.
The company received $250 millio n cash for Glitsch, which had revenues of $300 million in 1996.
Much of the increa se came from Foster Wheeler's international business, which accounted for approximately 70 percent of new bookings in 1996.
In 1997 Foster Wheeler reorgani zed its pharmaceutical and fine chemicals unit.
During 1999 the company signed a contract to design Vietna m's first oil refinery.
By 1999, the company opted to file Chapter 11 bankruptcy protec tion for the plant.
By 2001, debt had climb ed to $2.4 billion.
In 2004, the Securities and Exchange Commission appro ved an equity-for-debt exchange offer, a plan that allowed the compan y to sell outstanding debt in exchange for ownership in the company.
The need for a new type of energy procurement consulting for meeting these challenges was at the basis of E&Cs foundation in 2005.
2005: The company's stock begins trading on the NASDAQ.
01Awarded the prize in Seoul, Creative Festival of Film Advertising 2017
And then in 2018, international became truly global with the opening of two new offices in Melbourne and Toronto.
01Awarded the prize in Seoul Creative Festival of Film Advertising 2019
03Awarded the grand prize in the best advertisement of this year 2020
01Awarded the prize in Seoul Creative Festival of Film Advertising 2020
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E&C Enterprises Inc competitors
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E&C Enterprises Inc history FAQs
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E&C Enterprises Inc may also be known as or be related to E&C Enterprises Inc.