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Industrial Info Resources: Essar Awards $45 Million Licensing Deal to Lummus for Proposed Petrochemicals Complex, an Industrial Info News Alert

BANGALORE, INDIA (MARKET WIRE) Researched by Industrial Info Resources (Sugar Land, Texas) -- Essar Gujarat Petrochemicals Limited (Jamnagar, Gujarat) recently signed a $45 million licensing deal with Lummus Technology, the process technology arm of Chicago Bridge & Iron (NYSE: CBI) (Amsterdam, The Netherlands), to license the latter's technology and engineering expertise at Essar's proposed grassroot...

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CB&I divests certain oilfield assets to Matrix Service

Chicago Bridge & Iron has agreed to sell certain engineering, construction and technology resources to Matrix Service Co. (CBI)

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CB&I wins Essar contract

Chicago Bridge & Iron, through Lummus Technology, has been awarded engineering contracts by Essar Gujarat Petrochemicals Ltd. valued at $45 million. (CBI)

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Chicago Bridge & Iron: Read the 10-K

Richard Shaw ( QVM Group ) submits: This week’s Barron’s had an interesting feature article about Chicago Bridge & Iron (CBI). One of the points made in the article that seemed to be in the vein of a recommendation was a 55% non-US revenue base. The company’s 10-K provides some detail on that which is presented in the table below: Complete Story »

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CB&I awarded $100M contract for sulfur processing complex

Engineering firm Chicago Bridge & Iron. Co. has won a contract valued at more than $100 million to design and build a sulfur processing plant for an unnamed North American refiner. (CBI)

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Chicago Bridge shares tank on outlook cut, broker downgrades

(Reuters) - Shares of Chicago Bridge & Iron Co fell 24 percent to a 52-week low on Wednesday, a day after the company slashed its full-year outlook and said it will be out of compliance with its lender agreements due to additional costs at two liquefied natural gas projects in the United Kingdom.

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CB&I inks $90 million refinery deal

Chicago Bridge & Iron has been awarded a contract for a large-scale hydrogen plant for a California refinery. (CBI)

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Lummus to work on PL Propylene plant

A unit of Chicago Bridge & Iron NV has been awarded a contract by PL Propylene LLC to work on a propane dehydrogenation plant near the Houston Ship Channel. (CBI)

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Why I am Closing Chicago Bridge and Iron

Trader Mark submits: I am closing out one of my infrastructure stocks; Chicago Bridge & Iron (CBI) after a less than stellar earnings report . There were 2 days in a row an infrastructure stock has missed; before it was McDermott [ McDermott Issues Warning ] but I've decided to hold the latter for now. Main difference is despite the name, Chicago Bridge & Iron is based in the Netherlands and thus...

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Houston companies release earnings

National Oilwell Varco Inc., CenterPoint Energy Inc., Chicago Bridge & Iron Co. NV, GulfMark Offshore Inc. and Stewart Information Services Corp. all reported first-quarter earnings on Wednesday. (NOV) (CNP) (CBI) (GLF) (STC)

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Chicago Bridge & Iron quarterly profit climbs 15.3%

NEW YORK (MarketWatch) -- Chicago Bridge & Iron Co. said Wednesday its first-quarter net income rose to $42.2 million, or 43 cents a share, from $36.6 million, or 38 cents a share in the year-ago period. The Dutch engineering and construction firm said revenue climbed 68% to $1.44 billion from $857.3 million. Analysts polled by FactSet Research expected, on average, earnings of 54 cents a share with...

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CB&I wins Westinghouse contract

Engineering firm Chicago Bridge & Iron has inked a contract with Westinghouse Electric Co. (CBI)

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CB&I unit inks $150M LNG project

A Chicago Bridge & Iron subsidiary has secured a $150 million contract from Terasen Gas (Vancouver Island) Inc. (CBI)

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CB&I tapped for Canada project

Chicago Bridge & Iron has been awarded a $45 million contract by Suncor Energy Services Inc. for work in Canada. (CBI)