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Pharmaceuticals > Foster Wheeler Biokinetics
Foster Wheeler Biokinetics, Inc.
Pharmaceutical and biotechnology companies are spending money again. Long delayed projects and products are moving ahead and getting FDA approval. The 2008 downturn left the industry forever changed - engineering staffs that were cut back have not come back to pre-2008 levels, and engineering companies are being asked to shoulder more of the project burden. More and more, biotechnology solutions to disease are on every board room table, and this sector continues to show strong growth.
FW Biokinetics, a US-headquartered industry leader in full service engineering and design, construction and validation of biopharmaceutical and pharmaceutical facilities worldwide, sees changing market conditions as an opportunity. Foster Wheeler maintains that the life science sector of its global business provides a necessary diversity to its strong portfolio in oil/gas, chemicals, petrochemicals and technology based businesses.
Yonkers Industries joins the team in 2013!
The announcement on January 9th of the acquisition of Yonkers Industries by Foster Wheeler was received with great enthusiasm by the industry. Foster Wheeler Biokinetics will experience an immediate benefit from this acquisition - as the life sciences client portfolios and geographic coverage of the two companies fit together quite effectively. The project and construction management skills of Yonkers are a perfect complement to the biotech, pharmaceutical, food, medical device, nutritionals expertise of Biokinetics. The two companies now cover the East Coast via Philadelphia office of FW Biokinetics and Cary, North Carolina - home of Yonkers Industries, with offices in Walnut Creek, California and Puerto Rico. See January 9, 2013 Press Release