Babcock & Wilcox (B&W) has announced that its B&W Thermal segment has booked new construction service projects in North America valued at approximately US$13 million as the market strengthens and projects continue to restart following delays in 2020. The projects include services for a range of industries including pulp and paper, mining and petroleum refining and will be executed by Babcock & Wilcox Construction Co., LLC.
“We are seeing an overall strengthening of the market for energy and industrial construction projects in North America, and B&W Thermal is poised to capitalise on these emerging opportunities and grow our business,” said B&W Chief Operating Officer, Jimmy Morgan. “Many projects were delayed due to the impact of COVID-19 last year, but we’re seeing customers now moving forward with necessary work that had been previously put on hold. The recent inclement weather also has forced higher loads within the utility sector and we anticipate stronger demand for parts and services going forward.”
“B&W Thermal provides a full range of field construction, construction management and maintenance services for industrial and utility customers and we look forward to serving our customers for these new contracts, which include boiler repairs, equipment installation and other service work,” Morgan added. “As the North American manufacturing sector continues to ramp up as the economy improves, we anticipate significant ongoing demand by customers for construction and maintenance services, and we’re well-positioned to meet the needs of the market.”
Read the article online at: https://www.worldcoal.com/handling/24022021/bw-thermal-awarded-us13-million-in-new-contracts/