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Profile: Babcock & Wilcox Enterprises Inc (BW.N)

BW.N on New York Stock Exchange

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24 May 2019
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Babcock & Wilcox Enterprises, Inc., incorporated on January 13, 2015, is a technology-based provider of fossil and renewable power generation and environmental equipment that includes a suite of boiler products and environmental systems. The Company operates in three segments: Power, Renewable and Industrial. The Company specializes in technology and engineering for power generation and various other industries, the related procurement, erection and specialty manufacturing of equipment. The Company is also engaged in the provision of related services, including high-pressure equipment for energy conversion, such as boilers fueled by coal, oil, bitumen, natural gas and renewables, including municipal solid waste and biomass fuels; environmental control systems for both power generation and industrial applications to incinerate, filter, capture, recover and/or purify air, liquid and vapor-phase effluents from a range of power generation and specialty manufacturing processes; aftermarket support for the global installed base of operating plants with a range of products and technical services, including replacement parts, retrofit and upgrade capabilities, field engineering, construction, inspection, operations and maintenance, condition assessment and other technical support; gas turbine inlet and exhaust systems, custom silencers, filters and custom enclosures, and engineered-to-order services, products and systems for energy conversion around the world and related auxiliary equipment, such as burners, pulverizers, soot blowers, and ash and material handling systems.

Power segment

Through its Power segment, the Company provides the supply of and aftermarket services for steam-generating, environmental, and auxiliary equipment for power generation and other industrial applications. The Power segment provides a mix of aftermarket products and services to support peak efficiency and availability of steam generating and associated environmental and auxiliary equipment, serving steam generating utility and industrial customers around the world. Its products and services include replacement parts, field technical services, retrofit and upgrade projects, fuel switching and repowering projects, construction and maintenance services, start-up and commissioning, training programs and plant operations and maintenance for its boiler, environmental and auxiliary equipment. Its auxiliary equipment includes boiler cleaning equipment and material handling equipment. The segment provides a suite of product and service offerings, including engineering, procurement, specialty manufacturing, construction and commissioning.

The segment's boilers include utility boilers and industrial boilers fired with coal and natural gas. Its boiler products include subcritical boilers, fluidized bed boilers, chemical recovery boilers, industrial power boilers, package boilers, heat recovery steam generators and waste heat boilers. The Company's environmental systems offerings include air pollution control products and related equipment for the treatment of nitrogen oxides, sulfur dioxide, fine particulate, mercury, acid gases and other hazardous air emissions, including carbon dioxide capture and sequestration technologies, wet and dry flue gas desulfurization systems, catalytic and non-catalytic nitrogen oxides reduction systems, low nitrogen oxides burners and overfire air systems, fabric filter baghouses, wet and dry electrostatic precipitators, mercury control systems and dry sorbent injection for acid gas mitigation.

The Company competes with GE, Doosan, Babcock Power, Amec Foster Wheeler and MH Power Systems.

Renewable segment

The Renewable segment provides steam-generating systems, environmental and auxiliary equipment for the waste-to-energy and biomass power generation industries, and plant operations and maintenance services for its systems and equipment. The Renewable segment delivers products and services to a base of customers primarily in Europe. Its customers consist of traditional, renewable and carbon neutral power utility companies that requires steam generation and environmental control technologies to enable use of municipal waste and biomass.

The Company competes with CNIM Group, Hitachi Zosen, Martin, Keppel Seghers, Valmet and Andritz.

Industrial segment

The Industrial segment focuses on custom-engineered cooling, environmental, noise abatement and industrial equipment. The segment provides custom-engineered dry and wet cooling solutions and aftermarket services to the power generation industry, including natural gas-fired and renewable energy power plants, as well as downstream oil and gas, petrochemical and other industrial end markets through SPIG S.p.A. (SPIG).

SPI's product offerings include air-cooled (dry) cooling systems, mechanical draft wet cooling towers and natural draft wet cooling hyperbolic towers. SPIG also provides end-to-end aftermarket services, including spare parts, upgrades/revamps for existing installations and remote monitoring. SPIG's dry and wet cooling solutions and aftermarket products and services are primarily provided to the power generation industry, including natural gas-fired and renewable energy power plants, and downstream oil and gas, petrochemical and other industrial end markets in the Europe, the Middle East and the Americas.

The Company competes with Hamon, Enexio, Kelvion, Paharpur, Evapco, Sonder, Durr, Dustex, CECO Environmental Corp., Eisenmann, Braden, Innova and Miratech.

Company Address

Babcock & Wilcox Enterprises Inc

20 S van Buren Ave
BARBERTON   OH   44203-3522
P: +1330.7534511
F: +1704.6254910

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