B&W to Supply Natural Gas Boilers to Virginia Manufacturing Facility

  B&W to Supply Natural Gas Boilers to Virginia Manufacturing Facility

Business Wire

CHARLOTTE, N.C. -- August 20, 2013

The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its
subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), has been
awarded a contract to design and supply FM water tube package boilers to
engineering and construction firm Black & Veatch for a project at a
manufacturing facility in Virginia.

Each FM water tube package boiler will supply steam for power generation and
industrial processes at Celanese Corporation’s manufacturing facility in
Narrows, Va. The dual fuel boilers, which can operate using either natural gas
or oil, will replace coal-fired units currently used at the plant.

“B&W PGG’s FM water tube package boilers are a reliable and
low-cost-of-operation solution for industrial, commercial and utility
applications,” said B&W PGG President and Chief Operating Officer J. Randall
Data. “We appreciate the opportunity to work with Black & Veatch and Celanese
on this project.”

Boiler components will be manufactured in B&W PGG’s West Point, Miss.
facility.

Material delivery is scheduled for April 2014.

About B&W
Headquartered in Charlotte, N.C., The Babcock & Wilcox Company is a leader in
clean energy technology and services, primarily for the nuclear, fossil and
renewable power markets, as well as a premier advanced technology and mission
critical defense contractor. B&W has locations worldwide and employs
approximately 14,000 people, in addition to approximately 10,400 joint venture
employees. Learn more at www.babcock.com.

Cautionary Statement Regarding Forward Looking Statements
B&W cautions that this release contains forward-looking statements, including
statements relating to the scope and timing, to the extent scope and timing
may be viewed as an indicator of future revenues, of the package boiler
contract with Black & Veatch. These forward-looking statements involve a
number of risks and uncertainties, including, among other things, delays or
other difficulties executing contracts and adverse modifications to contracts
in backlog, including termination. If one or more of these or other risks
materialize, actual results may vary materially from those expressed. For a
more complete discussion of these and other risk factors, please see B&W's
filings with the Securities and Exchange Commission, including its annual
report on Form 10-K and subsequent quarterly reports on Form 10-Q. B&W
cautions not to place undue reliance on these forward-looking statements,
which speak only as of the date this release, and undertakes no obligation to
update or revise any forward-looking statement, except to the extent required
by applicable law.

Contact:

The Babcock & Wilcox Company
Media Contact:
Ryan Cornell, 330-860-1345
Public Relations Specialist
rscornell@babcock.com
or
Investor Contact:
Jenny Apker, 704-625-4937
Vice President, Treasurer and Investor Relations
investors@babcock.com
 
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