The Babcock & Wilcox Company Board of Directors Approves Spin-Off of Power Generation Business
(CHARLOTTE, N.C. – June 8, 2015) – The Babcock & Wilcox Company (or the “Company”) (NYSE:BWC) announced today that its Board of Directors has formally approved the spin-off of the Power Generation business creating a new public company. The Power Generation business will be named Babcock & Wilcox Enterprises, Inc. (“New B&W”), and operate as Babcock & Wilcox. It will be headquartered in Charlotte, N.C.
B&W Announces First Quarter 2015 Results
Today B&W announced first quarter 2015 results.
B&W, Magotteaux Form Strategic Alliance To Market Advanced Coal and Industrial Pulverizer Solutions
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary, Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), and international wear solutions supplier Magotteaux have formed a strategic alliance to enable B&W PGG to market Magotteaux’s advanced coal pulverizer grinding media and Metal Matrix Composites Vertical Roller Mills (VRM) parts to its U.S. and international customers and to investigate other strategic growth projects
David Kraft Named 36th Recipient of B&W PGG Engineering Honors Award
Babcock & Wilcox Power Generation Group, Inc. (B&W PGG), a subsidiary of The Babcock & Wilcox Company (B&W), has chosen David L. Kraft as the 36th recipient of its annual Engineering Honors Award.
B&W Names Jim Bittner General Manager at Nuclear Operations Group-Barberton Replaces Reese Foote, retiring after 42 years at B&W
Jim Bittner has been named General Manager at Babcock & Wilcox Nuclear Operations Group, Inc.’s (B&W NOG) Barberton facility.
B&W Awarded $40.3 Million Emission Control Contract by Colorado Springs Utilities
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that a consortium that includes its Babcock & Wilcox Power Generation Group, Inc. (B&W PGG) subsidiary has been awarded a contract by Colorado Springs Utilities to engineer, procure, construct and commission an emissions control project for the Ray D. Nixon Power Plant, located south of Colorado Springs, Colo.
B&W Engineering Manager in Barberton Receives Manufacturing Institute STEP Award
The Babcock & Wilcox Company (B&W) (NYSE:BWC) is proud to announce that Patricia Bator, an Engineering Manager at Babcock & Wilcox Nuclear Operations Group-Barberton, has been named a recipient of the 2015 Women in Manufacturing STEP Award by The Manufacturing Institute and the Society of Manufacturing Engineers.
Babcock & Wilcox Enterprises, Inc. Files Initial Form 10 Registration Statement
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that Babcock & Wilcox Enterprises, Inc., its newly formed subsidiary that will hold the company's power generation business, has filed an initial Form 10 Registration Statement with the U. S. Securities and Exchange Commission (SEC). The filing relates to the previously announced plan to pursue a spinoff of The Babcock & Wilcox Company's power generation business to create an independent publicly traded company.
B&W Subsidiary Nuclear Fuel Services, Inc. Awarded $169 Million Contract Options for Naval Reactors Fuel and Materials
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its subsidiary Nuclear Fuel Services, Inc. (NFS) has been awarded contract options for work totaling approximately $169 million from the U.S. Department of Energy, Naval Reactors Laboratory Field Office. This work has been awarded under the $302 million contract B&W previously announced in 2014.
B&W Vølund Awarded Contracts For More Than $220 Million To Design, Manufacture and Operate U.K. Biomass Power Plant
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that its Denmark-based subsidiary, Babcock & Wilcox Vølund A/S, has been awarded contracts totaling more than $220 million to design, manufacture and operate a biomass power plant in Rotherham, South Yorkshire, England.