NYSE: CBI 18.39
Change: +0.39 +2.17% )
Volume: 2,224,882
December 12, 2017

Investors

CB&I Wins Storage Terminal Expansion Contract in Texas

09/26/2017

THE WOODLANDS, Texas, Sept. 26, 2017 /PRNewswire/ -- CB&I (NYSE:CBI) today announced it has been awarded a contract by Phillips 66 to increase storage capacity at Phillips 66's liquid products terminal in Nederland, Texas.

CB&I's scope of work encompasses the engineering, procurement, fabrication and erection of three large crude oil storage tanks with external steel pontoon type floating roofs.

"This is our third project for Phillips 66 at this terminal, where we are currently building five similar crude storage tanks," said Luke V. Scorsone, Executive Vice President of CB&I's Fabrication Services operating group. "As the industry's most experienced tank builder, we can deliver the safety, quality and schedule performance our customers expect and rely on."

About CB&I
CB&I (NYSE:CBI) is a leading provider of technology and infrastructure for the energy industry. With more than 125 years of experience, 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, 2016, 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

 

For more information, visit  www.cbi.com (http:// www.cbi.com ). (PRNewsFoto/CB&I)

 

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SOURCE CB&I

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NYSE: CBI 18.39
Change: +0.39 +2.17% )
Volume: 2,224,882
20 minute delay December 12, 2017 04:02 PM