CB&I to relocate

Chicago Bridge & Iron Company NV, which maintains its corporate headquarters in Hoofddorp, The Netherlands, plans to move its world-wide administrative office from its current location in Plainfield, Illinois, USA, to the Houston area. The relocation will occur in phases between now and August 2002. CB&I’s senior executive team will be in place in Houston by the end of this summer, with key global support services managers and staff to follow. “Many of CB&I’s multinational customers in the hydrocarbon industry – which is our largest customer group – maintain their US headquarters or a significant presence in the Houston area,” said Gerald M. Glenn, Chairman, President and CEO. “Customer service is a key differentiator in the engineering and construction industry, and we are convinced this move will enhance our ability to maintain and expand our existing customer relationships and build new ones. With a major hydrocarbon growth cycle in front of us, this action continues our effort to position CB&I to take full advantage of improving market conditions.” In conjunction with the relocation of its administrative office, CB&I intends to concentrate its business focus on its most significant customers: hydrocarbon-related businesses, including petroleum refining and storage, natural gas processing, liquefied natural gas (LNG) storage and terminals, and chemical and petrochemical processing and storage; power generation; combustion technology; as well as water storage and wastewater treatment.

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