Chicago Bridge & Iron Company N.V.
) recently received a $100 million contract from fertilizer
CF Industries Holdings, Inc.
). CBI will be providing services for construction and component
fabrication for its facility at Donaldsonville, LA, the largest
nitrogen complex in North America.
Per the contract, CBI will be responsible for manufacturing
units for urea, ammonia nitrate and nitric acid production.
Additionally, the company will construct offsite and utilities
facility at the nitrogen complex and fabricate the engineering
and construction components for the facility.
CBI has been providing diverse services including tank
construction to CF industries since the 1960's. The company
specializes in waste and waste water tanks, mineral processing
storage and power applications, such as liquefaction/vaporization
and storage facilities.
On Feb 5, CBI received another fabrication contract from
The Dow Chemical Company
) under its U.S. Gulf Coast Investment Program. The scope of the
contract requires the company to provide fabrication for piping
solutions for the latter's propylene, ethylene and polyethylene
production units at Texas and Louisiana.
Chicago Bridge & Iron Company is one of the few
engineering, procurement and construction and process technology
contractors with in-house fabrication facilities, allowing it to
offer modular construction, wherever feasible. Modular
construction, unlike the traditional onsite "stick built"
construction, enables modules to be built in a tightly monitored
shop environment and allows better quality control, minimizes
weather delays and expedites schedules.
This competitive advantage while complementing the company's
construction business, allows it to win more such contracts
compared to its peers.
Chicago Bridge & Iron Company currently has a Zacks Rank
#4 (Sell). Some better-ranked stocks in the heavy industries
Orion Marine Group, Inc
Quanta Services, Inc.
). Both stocks sport a Zacks Rank #2 (Buy).
CHICAGO BRIDGE (CBI): Free Stock Analysis
CF INDUS HLDGS (CF): Free Stock Analysis
DOW CHEMICAL (DOW): Free Stock Analysis
ORION MARINE GP (ORN): Free Stock Analysis
QUANTA SERVICES (PWR): Free Stock Analysis
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