B&W Mexicana S.A. de C.V. wins $20 Million Boiler Service Order in Mexico.NEW ORLEANS--(BUSINESS WIRE)--April 23, 1998--McDermott International, Inc. (NYSE NYSE See: New York Stock Exchange :MDR MDR, n See multidrug resistance. MDR, n the abbreviation for minimum daily requirement, specifically the Minimum Daily Requirements for Specific Nutrients compiled by the United States Food and Drug Administration. ) announced that B&W Mexicana S.A. de C.V., a joint venture of The Babcock & Wilcox Company and Rabner Grupo de Desarrollo in Mexico, has been awarded a $20 million contract from Petroleos Mexicanos (Pemex) to upgrade five boilers at the Cadereyta Refinery in Monterrey, State of Nuevo Leon, Mexico. This order, from the country's state-owned oil company, is Mexico's largest single award for a boiler service project. B&W Mexicana S.A. de C.V. and Consorcio Procomia S.A., a construction company based in Guadalajara, State of Jalisco, Mexico, combined to bid and win this job against several boiler and construction companies. B&W will modernize mod·ern·ize v. mo·dern·ized, mo·dern·iz·ing, mo·dern·iz·es v.tr. To make modern in appearance, style, or character; update. v.intr. To accept or adopt modern ways, ideas, or style. five, 20-year old boilers manufactured by a B&W competitor. Three of the boilers are Bi-Drum type, rated at 200 ton/hr. capacity; one is a Stirling Power Boiler firing carbon monoxide carbon monoxide, chemical compound, CO, a colorless, odorless, tasteless, extremely poisonous gas that is less dense than air under ordinary conditions. It is very slightly soluble in water and burns in air with a characteristic blue flame, producing carbon dioxide; gas and also rated at 20 ton/hr. capacity; and one is an FM package boiler rated at 50 ton/hr. B&W Mexicana S.A. de C.V. will design, manufacture and supply all pressure parts, drum internals, burners, steam coil a coil of pipe, or a collection of connected pipes, for containing steam; - used for heating, drying, etc. See also: Steam air heaters An air heater (also referred to as air preheater or regenerative air heater) is a common component of large boilers with the purpose of increasing its overall efficiency. It can be used alone, in replace of a recuperative air heater, or in conjunction with a steam coil, all three and sootblowers. Part of the scope also includes new electronic controls and the construction work. The project will span more than two years. This project contributed to a record bookings year for B&W's unconsolidated joint venture during fiscal 1998. The ventures are located in China, Egypt, India, Indonesia, Mexico and Turkey. The Babcock & Wilcox Company is an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of McDermott International, Inc. (NYSE:MDR), a leading worldwide energy services company. McDermott and its subsidiaries manufacture steam-generating equipment, environmental equipment, and products for the U.S. government. They also provide engineering and construction services for industrial, utility and hydrocarbon processing facilities, and to the offshore oil and natural gas industries. CONTACT: McDermott International, Inc. Don Washington, 504/587-4080 Don.W.Washington@mcdermott.com http://www.mcdermott.com |
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