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B&W SPIG to Supply Cooling Towers for Petrochemical Plant in Belgium

Posted April 1, 2020

(PARUZZARO, Italy – April 1, 2020) –SPIG S.p.A. (SPIG), a subsidiary of Babcock & Wilcox Enterprises, Inc., has been awarded a contract by BASF Antwerp NV for more than $3 million to design and supply two cooling towers for the company’s plant in Antwerp, Belgium. BASF Antwerp NV is one of the largest European producers and exporter of chemicals, plastics and performance products.

BASF Antwerp NV

All cooling equipment, including six cooling towers cells, is scheduled to be delivered and erected in the first half of 2021.

“We’re grateful to work with BASF Antwerp NV to provide new cooling towers for a critical infrastructure project such as this,” said SPIG Managing Director Alberto Galantini. “We’d like to thank our customer for this opportunity.”

“With this new order, SPIG is consolidating the relationship with BASF Antwerp NV after completing other projects for this customer in 2019,” said SPIG Aftermarket Sales & Global Service Director, Giovanni Pappalardo. “We look forward to a long-lasting partnership for this new project and for opportunities to come.”

SPIG’s specialized services include preventive maintenance, equipment upgrades, replacement and spare parts, online performance monitoring, and a commitment to research and development to continually seek new and more efficient cooling system solutions.

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 SPIG’s contract for equipment supply and erection at a customer plant in Belgium. 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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