THE WOODLANDS, Texas,
Oct. 18, 2016 /PRNewswire/
-- CB&I (NYSE:CBI) today announced the opening of a new
polypropylene catalyst production plant in Louisville, Kentucky, developed and
implemented in cooperation with Clariant. The new plant is the
largest U.S. production hub for Clariant's catalysts and will
produce next generation catalysts for CB&I's Novolen technology
licensees and the global polypropylene industry.
"The new plant will manufacture high-performing, innovative
catalysts to help the global industry efficiently produce a
complete portfolio of polypropylene resins," said Philip K. Asherman, CB&I's President and
Chief Executive Officer. "This is an excellent example, from a
technology standpoint, of how CB&I is able to control more of
our supply chain to benefit our customers and key parts of our
business."
CB&I's partnership with Clariant strengthens both companies'
position in polypropylene catalyst and technology by leveraging
joint research and development efforts, Clariant's production
experience and CB&I's expertise in catalyst, process design and
licensing of polypropylene plants.
About CB&I
CB&I (NYSE:CBI) is a leading provider of technology and
infrastructure for the energy industry. With over 125 years of
experience and the expertise of more than 40,000 employees,
CB&I provides reliable solutions to our customers around the
world while maintaining a relentless focus on safety and an
uncompromising standard of quality. For more information, visit
www.CBI.com.
Important Information For Investors And Shareholders
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, 2015, 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.
Investors: Scott Lamb, +1 832
513 1068, Scott.Lamb@CBI.com
Media: Gentry Brann, +1 832 513 1031, Gentry.Brann@CBI.com
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SOURCE CB&I