CB&I Announces Pipe Fabrication Contract for Major Gulf Coast Investment

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Feb 05, 2014, 08:00 ET

THE WOODLANDS, Texas, Feb. 5, 2014 /PRNewswire/ -- CB&I (NYSE: CBI) today announced it has been awarded a contract to provide pipe fabrication for The Dow Chemical Company U.S. Gulf Coast Investment Program. Dow's investment plan includes construction of a new propylene and ethylene production unit in Texas and four new polyethylene plants in Texas and Louisiana.

"CB&I's strategically-located fabrication facilities, production management systems and manufacturing technology give us the unique capability to provide complete piping solutions for major energy infrastructure projects," said Luke Scorsone, President of CB&I's Fabrication Services operating group. "This distinct expertise offers our customers greater quality, efficiency and schedule reliability, and in turn, we help our customers get their products to market faster."

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. Drawing upon more than a century of experience and the expertise of approximately 50,000 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, 2012, 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