AKRON, Ohio--(BUSINESS WIRE)--$BW #asiapower--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment has received an order for approximately $7 million to provide equipment and services for a utility customer in Southeast Asia.
B&W will design, supply, install and commission boiler cleaning equipment and controls and provide other services for an upgrade project for the customer�s plant.
�Our growth strategy in the Asia-Pacific region continues to gain momentum,� said Jimmy Morgan, B&W Chief Operating Officer. �We see tremendous opportunities for our business in Southeast Asia, Australia and elsewhere and we are strategically pursuing core technology work throughout these areas.�
Since announcing the creation of its Asia-Pacific headquarters last year, B&W has added significant resources in the region, including business development and sales representatives, project managers and others.
B&W�s focus for the Asia-Pacific region includes upgrades, parts, equipment and other services to customers in the renewable, environmental, power and industrial markets, including to under-serviced local markets and the pulp & paper and petrochemical sectors.
About Babcock & Wilcox
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on LinkedIn and learn more at www.babcock.com.
About B&W Thermal
Babcock & Wilcox Thermal designs, manufactures and erects steam generation equipment, aftermarket parts, construction, maintenance and field services for plants in the power generation, oil & gas, and industrial sectors. Babcock & Wilcox Thermal has an extensive global base of installed equipment for utilities and general industrial applications including refining, petrochemical, food processing, metals and more.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the receipt of an order to provide equipment and services to a utility customer in Southeast Asia, as well as opportunities for growth of its Asia-Pacific business. 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.
Contacts
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | [email protected]
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345 | [email protected]
