THE WOODLANDS, Texas, July 1, 2014 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract by LSB Industries Inc. (NYSE:LXU) subsidiary El Dorado Ammonia L.L.C. CB&I will provide engineering, procurement, fabrication and construction for a 30,000 ton, full-containment, low-temperature ammonia storage tank at LSB's ammonia plant expansion project in El Dorado, Arkansas.
"CB&I has over 50 years of experience designing and building low-temperature storage tanks all over the world," said Luke Scorsone, President of CB&I's Fabrication Services operating group. "We have been a global leader in this market because of our vast experience, and we continue to innovate, enhance our technical expertise and add value for our customers."
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 55,000 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.
About LSB Industries, Inc.
LSB is a manufacturing and marketing company. LSB's principal business activities consist of the manufacture and sale of commercial and residential climate control products, such as geothermal and water source heat pumps, hydronic fan coils and modular geothermal chillers, and large custom air handlers; and the manufacture and sale of chemical products for the agricultural, mining, and industrial markets.
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Cautionary Statement Regarding Forward-Looking Statements
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, 2013, 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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