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Babcock & Wilcox Announces Asia-Pacific Growth

9/4/2020

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An image from Babcock & Wilcox
Source: Babcock & Wilcox
Sep.04. 2020, Shanghai,

Babcock & Wilcox (B&W) (NYSE: BW) announced today that it is establishing its Asia-Pacific Region headquarters in Perth, Australia, to serve as the center of operations for its expansion in the Asia-Pacific market. B&W has named Nick Carter as Managing Director of the region.

The company also is establishing or expanding operations in Indonesia, the Philippines, Vietnam, Thailand, China, India, and other countries. B&W's three business segments - B&W Environmental, B&W Renewable, and B&W Thermal - will draw on the resources of these operations to meet the needs of customers throughout the Asia-Pacific region.
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Nick Carter, Managing Director of Asia Pacific
"There is significant demand for clean energy, waste-to-energy, emissions and environmental controls, and advanced thermal energy solutions in the Asia-Pacific region. Establishing a strong presence in this region, along with a key management and operations team, is an important next step for Babcock & Wilcox," said B&W Chief Executive Officer Kenneth Young. "B&W Environmental, B&W Renewable, and B&W Thermal offer comprehensive, industry-leading technologies and equipment, parts, plant maintenance, and other services that are well-known and respected throughout the Asia-Pacific region, which we estimate have an addressable market of nearly $8 billion over the next three years."
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"Under Nick Carter's experienced, skilled leadership, we are already seeing signs of success as the energy demands and environmental mandates within this region are expanding exponentially," Young said.
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An image from Babcock & Wilcox
Carter has considerable experience within the power generation sector, including more than 20 years in South America and the Asia-Pacific region delivering major power generation projects. Carter began his career with Bechtel Corporation and joined B&W in 1980, and subsequently held a number of international positions of increasing responsibility including managing large power generation projects, and serving as Director, International Sales and Business Development for the Asia-Pacific region. Between 2008 and 2014, he served as President of NixEnergy Inc. and as Vice President of Business Development for Kiewit Energy Group Inc., before rejoining B&W in 2014. Carter is a graduate of Auckland Technical Institute (AIT), New Zealand, and Petone Institute of Technology.
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B&W's focus for the Asia-Pacific region will include upgrades, parts, equipment, and other services to customers in the renewable, environmental, and thermal markets, including to under-serviced local markets and the pulp & paper and petrochemical sectors.
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(Left to Right) Stephen Wilcox, George Herman Babcock, who form the company in 1867. An image from Babcock & Wilcox
​About B&W ​​
Headquartered in Akron, Ohio, Established in 1867, Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets, with operations, subsidiaries, and joint ventures worldwide.
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In 1878, Thomas Edison purchased B&W boiler No. 92 for his Menlo Park laboratory, an image from Babcock & Wilcox.
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