Charlotte-based Babcock & Wilcox Co. said a company it helped form has been awarded a $333 million U.S. Department of Energy contract to clean contaminated waste. The contract has been awarded to CH2M HILL-B&W West Valley, which was formed by Babcock & Wilcox Technical Services Group, CH2M HILL Constructors and Environmental Chemical Corp. The work involves the removal [...]
Charlotte-based Babcock & Wilcox Co. said its joint venture with India-based Thermax has broken ground on a 699,000-square-foot, $160 million boiler-manufacturing plant near Pune, India. The joint venture, formed in 2010, plans to use the facility to fabricate boilers principally for customers in the Indian market. The new plant will allow the joint venture to [...]
Babcock & Wilcox Co. today said that its subsidiary and Toshiba Corp. are joining forces to collaborate on next-generation thermal and solar technologies and explore cooperating on projects in Asia, India and other emerging markets. The subsidiary is Babcock & Wilcox Power Generation Group. Toshiba is building a steam turbine and generator factory in India. At the [...]
Babcock & Wilcox Co. today reported its first-quarter net income fell from the same period last year. The Charlotte-based company said net income was $13.5 million, or 11 cents per diluted share, down from $16.8 million, or 14 cents per diluted share, in the year-ago quarter. Unfavorable adjustments for loss contracts of approximately $20 million on [...]
Charlotte-based Babcock & Wilcox Co. said today that its Denmark-based subsidiary has been awarded a $35 million contract with Finland-based EkoKem OY to supply equipment for a 36 megawatt waste-to-energy heat and power plant in Riihimäki, Finland. The subsidiary will design, manufacture and build the plant’s heat recovery boiler. The plant is scheduled for completion in 2013.
Charlotte-based Babcock & Wilcox Co. said its subsidiary has been awarded a $79 million extension on a contract to make fuel for the U.S. Navy. Nuclear Fuel Services, based in Erwin, Tenn., makes the fuel for the Navy’s nuclear-powered aircraft carriers and submarines. B&W has locations worldwide and employs roughly 12,000.
Babcock & Wilcox Nuclear Operations Group has won a $2 billion contract to manufacture nuclear components for U.S. defense programs, such as naval nuclear power systems for submarines and aircraft carriers. The work will begin this month and is slated to last 10 years. The company is a subsidiary of Charlotte-based Babcock & Wilcox, which [...]
In 2010, 18 companies opened new offices, headquarters or facilities in Mecklenburg County, according to the Charlotte Regional Partnership’s By the Numbers report. Here are profiles of four businesses that decided Mecklenburg is the right spot for them to put down roots. Building on a sense of community No ground has been broken yet, but [...]
When Brandon Bethards was looking in July for a location for the new Babcock & Wilcox corporate headquarters, he considered Atlanta; Washington, D.C.; and Chicago, among other cities. Examining the locales, Bethards, the company’s CEO, considered where his employees would have to travel. The company has offices and facilities in Virginia, Tennessee, Ohio, Indiana and [...]