Chicago Bridge & Iron (CBI) Receives $350M Maintenance Services Contract Renewal

October 12, 2016 8:05 AM EDT

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CB&I (NYSE: CBI) announced it has been awarded a five-year contract renewal valued at approximately $350 million for maintenance, turnarounds and capital construction for a major refinery in the Midwest.

"CB&I is committed to providing our customers with integrated operational excellence in an environment where safety is paramount," said Chip Ray, Executive Vice President of CB&I's Capital Services operating group. "This award extends our 25-plus year relationship with the customer, and we will continue to provide sustainable value through improved reliability and performance."

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