B&W, Magotteaux Form Strategic Alliance To Market Advanced Coal and Industrial Pulverizer Solutions
April 13 2015 - 8:31AM
Business Wire
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.
The agreement will allow B&W PGG to supply
Magotteaux-manufactured pulverizer balls, grinding segments, tires
and other VRM components to customers in the power generation and
other industries. It brings together B&W’s extensive pulverizer
experience and Magotteaux’s expertise in wear materials, creating
truly world-class products for these industries.
“This alliance allows B&W PGG to provide the most-advanced
and reliable pulverizer parts in the industry, including ceramic
components with superior durability,” said Mark Low, B&W PGG
Senior Vice President, Global Services Division. “Magotteaux’s
nearly 100-year reputation for quality, performance and materials
expertise is unmatched, and we’re extremely pleased to be able to
work together to manufacture these high-quality components to meet
our customers’ needs.”
Magotteaux Chief Sales Officer Sébastien Dossogne said, “This
strategic alliance translates converging views of both companies:
intense and structural collaboration between equipment manufacturer
and wear solutions supplier to optimize customers’ processes and
total cost of ownership. We look forward to serving the market
together for years to come.”
Gilles Recoules, Magotteaux Senior Vice President Cement and
Power, also noted the benefits of the agreement for both
companies.
“We are extremely happy about this strategic alliance with
B&W PGG,” Recoules said. “Combining, valuing and aligning our
multi-functional competencies and focusing on synergies will open
up tremendous opportunities.”
Parts for B&W PGG’s customers will be manufactured in
Magotteaux facilities around the world.
About B&W
Headquartered in Charlotte, N.C., The Babcock & Wilcox
Company is a leader in clean energy technology and services,
primarily for the nuclear, fossil and renewable power markets, as
well as a premier advanced technology and mission critical defense
contractor. B&W has locations worldwide and employs
approximately 11,600 people, in addition to joint venture employees
located at projects around the world. Follow us on Twitter
@BabcockWilcox and learn more at www.babcock.com.
About Magotteaux
Headquartered in Belgium, Magotteaux is the leader in process
optimization for high abrasion extracting industries (mines,
cement, power, quarries, dredging and recycling). Magotteaux
employs 3,000 skilled talents, has a market footprint of above
500,000 tons of grinding media and castings through its 19
specialized production units and 28 sales offices and Technical
Centers worldwide. Magotteaux is part of the Chilean Group Sigdo
Koppers, the Chilean-based conglomerate providing services and
products for the mining industry. Learn more at www.magotteaux.com
and at www.sigdokoppers.cl
Cautionary Statement Regarding Forward Looking
Statements
B&W cautions that this release contains
forward-looking statements relating to the strategic alliance
with Margotteaux. These forward-looking statements involve a number
of risks and uncertainties, including, among other things, delays
or other difficulties executing customer contracts and adverse
changes in the industries or geographic regions in which we
operate. If one or more of these or other risks materialize, actual
results may vary materially from those expressed. For a more
complete discussion of these and other risk factors, please see
B&W's filings with the Securities and Exchange Commission,
including its annual report on Form 10-K for the year ended
December 31, 2014 and subsequent quarterly reports on Form 10-Q.
B&W cautions not to place undue reliance on these
forward-looking statements, which speak only as of the date this
release, and undertakes no obligation to update or revise any
forward-looking statement, except to the extent required by
applicable law.
B&W Media ContactThe Babcock & Wilcox
CompanyAimee Mills, 980-365-4583Media
Relationsaemills@babcock.comorB&W Investor Contact:The
Babcock & Wilcox CompanyJenny Apker, 704-625-4937Vice
President, Treasurer and Investor
Relationsinvestors@babcock.com