Chicago Bridge & Iron Company
 |
|
| Public | |
| Traded as | : CBI |
| Industry | |
| Founded | 1889 |
| Founder | Horace E. Horton George Wheelock William Wheelock |
| 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 Philip K. Asherman (President, CEO & Director) |
| Revenue |
 $ 12.93 billion (2012)
|
 $ -425.1 million (2015)
|
|
|
$ -504.4 million (2015)
|
|
| Total assets |
$ 9.202 billion (2015)
|
| Total equity |
$ 2.164 billion (2015)
|
|
Number of employees
|
50,000 (May 2013) |
| Website | www |
Chicago Bridge & Iron Company, known commonly as CB&I, is a large American conglomerate engineering, procurement and construction (EPC) company. CB&I specializes in projects for oil and gas companies. According to one of the founder's heirs, "The old joke is that Chicago Bridge & Iron isn't in Chicago, doesn't build bridges and doesn't use iron."
CB&I currently employs approximately 40,000 people worldwide.
The corporate headquarters are located in the Netherlands, with the administrative headquarters being located in the Woodlands, Texas. Current corporate officers are:
CB&I was founded in 1889 in Chicago, Illinois, USA, as Chicago Bridge & Iron Company, when Horace E. Horton, a bridge designer, agreed to merge business with George and William Wheelock of the Kansas City Bridge and Iron Company.
While initially involved in bridge design and construction, CB&I turned its focus to bulk liquid storage in the late 19th and early 20th centuries, coinciding with the western expansion of railroads across the United States and the discovery of oil in the Southwest. CB&I quickly became known for design engineering and field construction of elevated water storage tanks, above-ground tanks for storage of petroleum and refined products, refinery process vessels and other steel plate structures.
CB&I supported the expansion of oil exploration outside the US, starting operations in South America in 1924, in Asia two years later and in the Middle East in 1939.
During World War II, CB&I was selected to build Landing Ship Tanks (LSTs). CB&I ranked 92nd among US corporations in the value of World War II military production contracts. LSTs carried troops and supplies to American and Allied troops fighting in Europe and the Pacific theater. CB&I was chosen because of their reputation and skills, particularly welding. Since the coastal shipyards were busy building large vessels for the war effort, such as aircraft carriers, battleships, cruisers and destroyers, there was no alternative but to use the inland waterways and shipyards for the production of smaller ships.
Over the course of the company's history, CB&I has developed many technologies and achieved a number of industry milestones. These include the first floating-roof tank for the oil industry (1923), the first spherical pressure vessel (1923), the first double-wall liquid natural gas (LNG) storage tank (1958), the first site-assembled thick wall steel nuclear reactor vessel (1966), the first marine LNG storage and distribution terminal in the US (1971), the world's largest steel water reservoir (1986), the world's largest vacuum distillation tower (1999) and the world's largest thermal energy storage tank (2009).
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Wikipedia