B&W SPIG Awarded Contract to Supply Cooling Tower to Polypropylene Plant in Poland

January 16, 2020

(PARUZZARO, Italy – January 16, 2020) –SPIG S.p.A. (SPIG), a subsidiary of Babcock & Wilcox Enterprises, Inc., has been awarded a contract for more than USD$1 million by Hyundai Engineering Co. to design and supply a seven-cell, fiberglass-reinforced plastic (FRP) cooling tower for a polypropylene manufacturing plant in Poland.

The plant, located in Police, Poland, is owned by PDH Polska S.A. SPIG is scheduled to deliver its equipment in the third quarter of 2020. Engineering work is currently underway.

“SPIG’s advanced cooling tower systems are particularly well-suited for the demanding conditions found in petrochemical facilities,” said SPIG Managing Director Alberto Galantini. “We have extensive experience in wet, dry and wet/dry hybrid cooling solutions and can supply both mechanical and natural draft systems for a range of project specifications.”

SPIG FRP cooling towers are the preferred solution for harsh and corrosive environments such as oil refineries and petrochemical facilities, offering high strength, weather resistance, long-term performance, light weight, dimensional stability, and noise and vibration absorption. SPIG FRP cooling towers provide flexible solutions and reduced assembly times.

About SPIG
SPIG, S.p.A is a subsidiary of Babcock & Wilcox Enterprises, Inc. and a global turnkey cooling systems supplier. Since 1936, SPIG has provided customers with an extensive range of high quality cooling towers, air-cooled condensers and related services.

Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the execution and completion of its contract with Hyundai Engineering Co. and the expected timing of equipment delivery in connection with this contract. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

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Ryan Cornell

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rscornell@babcock.com

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