CB&I Announces Additional Nuclear Work for its Lake Charles Fabrication Facility
THE WOODLANDS, Texas, May 1, 2015 /PRNewswire/ -- CB&I (NYSE: CBI) today announced its Lake Charles fabrication facility has extended its role for the fabrication of structural and mechanical modules and other components for the AP1000® nuclear power projects in Georgia and South Carolina.
"This new development demonstrates the confidence the licensees and the Nuclear Regulatory Commission have in our highly-skilled workforce, nuclear safety culture and operations in Lake Charles," said Luke Scorsone, President of CB&I's Fabrication Services operating group. "CB&I has worked hard to create a successful, first-of-kind modular fabrication and assembly facility, and we remain committed to successfully completing the AP1000 projects."
On a previous earnings call, CB&I had stated the work at Lake Charles would be substantially complete by the end of April 2015. With the additional modules and other key components, the nuclear work at the facility now will continue into next year.
CB&I and its consortium partner Westinghouse are constructing two AP1000 nuclear power units at the Vogtle Electric Generating Plant near Waynesboro, Georgia, and two units at the V.C. Summer Nuclear Station near Jenkinsville, South Carolina. These are the first new nuclear power units being built in the United States in more than 30 years.
About CB&I
CB&I (NYSE:CBI) is the most complete energy infrastructure focused company in the world and a major provider of government services. With 125 years of experience and the expertise of approximately 54,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.cbi.com.
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This press release contains forward-looking statements regarding CB&I and represents our expectations and beliefs concerning future events. These forward-looking statements are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties. When considering any statements that are predictive in nature, depend upon or refer to future events or conditions, or use or contain words, terms, phrases or expressions such as "achieve," "forecast," "plan," "propose," "strategy," "envision," "hope," "will," "continue," "potential," "expect," "believe," "anticipate," "project," "estimate," "predict," "intend," "should," "could," "may," "might" or similar forward-looking statements, we refer you to the cautionary statements concerning risk factors and "Forward-Looking Statements" described under "Risk Factors" in Item 1A of our Annual Report filed on Form 10-K filed with the SEC for the year ended December 31, 2014, and any updates to those risk factors or "Forward-Looking Statements" included in our subsequent Quarterly Reports on Form 10-Q filed with the SEC, which cautionary statements are incorporated herein by reference.
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SOURCE CB&I
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