B&W SPIG to Supply Cooling Towers for Petrochemical Plant in Belgium
April 01 2020 - 7:44PM
Business Wire
SPIG S.p.A. (SPIG), a subsidiary of Babcock & Wilcox
Enterprises, Inc. (B&W) (NYSE: BW), has been awarded a contract
by BASF Antwerp NV for more than $3 million to design and supply
two cooling towers for the company’s plant in Antwerp, Belgium.
BASF Antwerp NV is one of the largest European producers and
exporter of chemicals, plastics and performance products.
All cooling equipment, including six cooling towers cells, is
scheduled to be delivered and erected in the first half of 2021.
Four of these cells will be part of the general cooling water
system, while the remaining two will be dedicated to an ethylene
oxide plant.
“This contract demonstrates the SPIG team being able to maintain
a strong focus on its business and customers during these
unprecedented times as well as the importance SPIG plays in
critical industries,” said SPIG Managing Director Alberto
Galantini. “We look forward to providing BASF new cooling towers
for this critical infrastructure project. We appreciate this
opportunity and are committed to helping our customers keep their
facilities operating efficiently and effectively.”
“With this new order, which follows other projects we completed
in 2019, SPIG continues to maintain its very strong relationship
with BASF,” said SPIG Aftermarket Sales & Global Service
Director, Giovanni Pappalardo. “We look forward to a long-lasting
partnership for this new project and for opportunities to
come.”
SPIG’s specialized services include preventive maintenance,
equipment upgrades, replacement and spare parts, online performance
monitoring, and a commitment to research and development to
continually seek new and more efficient cooling system
solutions.
About SPIG
SPIG, S.p.A is a subsidiary of Babcock & Wilcox Enterprises,
Inc. and a global turnkey cooling systems supplier. Since 1936,
SPIG has provided customers with an extensive range of high quality
cooling towers, air-cooled condensers and related services.
Forward-Looking Statements
B&W cautions that this release contains forward-looking
statements, including, without limitation, statements relating to
the execution and completion of SPIG’s contract for equipment
supply and erection at a customer plant in Belgium. These
forward-looking statements are based on management’s current
expectations and involve a number of risks and uncertainties. For a
more complete discussion of these risk factors, see our filings
with the Securities and Exchange Commission, including our most
recent annual report on Form 10-K. If one or more of these risks or
other risks materialize, actual results may vary materially from
those expressed. We caution readers not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this release, and we undertake no obligation to update or revise
any forward-looking statement, except to the extent required by
applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20200401005824/en/
Investors: Megan Wilson Vice President, Corporate
Development & Investor Relations Babcock & Wilcox
704.625.4944 | investors@babcock.com Media: Ryan Cornell
Public Relations Babcock & Wilcox 330.860.1345 |
rscornell@babcock.com
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