Chicago Bridge & Iron Company
Defunct large engineering, procurement and construction (EPC) company / From Wikipedia, the free encyclopedia
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CB&I, previously Chicago Bridge & Iron Co, was a large engineering, procurement and construction (EPC) company with its administrative headquarters in The Woodlands, Texas. CB&I specialized in projects for oil and gas companies,[4] and once employed over 32,000 people worldwide.[5] In May 2018 the company merged into McDermott International.[6][7] McDermott struggled to integrate its acquisition of CB&I.[8] On January 21, 2020, McDermott announced that it had filed for Chapter 11 bankruptcy due to asbestos litigation. A $22.5 million trust fund was made to handle asbestos claims.[9]
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Quick Facts ISIN, Industry ...
ISIN | US1672501095 |
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Industry | |
Founded | 1889 |
Founder | Horace E. Horton |
Defunct | May 10, 2018 (2018-05-10) |
Fate | Merged with McDermott International, Ltd |
Headquarters | The Hague, Netherlands |
Area served | Worldwide |
Key people | Michael L. Underwood (Chairman of the Audit Committee) L. Richard Flury (Non Executive Chairman of the Board of Supervisory Directors) Patrick K. Mullen (President & CEO) |
Revenue | $ 6.7 billion (2017)[1][2] |
$ -425.1 million (2015)[2] | |
$ -504.4 million (2015)[2] | |
Total assets | $ 5.97 billion (2017)[1][2] |
Number of employees | >40,000 (June 2017)[3] |
Website | www |
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