Babcock And Wilcox Intech, Inc. To Consolidate, Expand Chattanooga Operations

Expansion To Create 50 New Jobs

Tuesday, April 29, 2014

Babcock & Wilcox Intech Inc. officials announced on Tuesday the company will consolidate its Chattanooga operations by building a new facility in the Centre South Riverport Industrial Park. Babcock & Wilcox Intech Inc., a wholly-owned subsidiary of The Babcock & Wilcox Company, will more than triple its footprint in Chattanooga, resulting in an investment of $4.8 million and the creation of 50 new jobs. The announcement was made by company officials and Tennessee Economic and Community Development Commissioner Bill Hagerty.

“Tennessee has a long-standing tradition of excellence in energy and advanced technologies, and we are proud to be home to many major technology companies throughout the state including Babcock & Wilcox Intech Inc.,” Commissioner Hagerty said. “When a company chooses to expand in Tennessee, it underscores the importance of having a strong, capable workforce in place, and I thank Babcock & Wilcox Intech for offering these high quality jobs to our citizens and for further investing in Chattanooga.”

“Babcock & Wilcox Intech Inc. is expressing our commitment to this community and our customers by more than tripling the square footage of our current operations while adding fifty technical positions,” Allen Steagall, operations manager for Babcock & Wilcox Intech Inc., said. “This expansion increases our capacity for solving customer challenges through new and innovative approaches while shortening the length of the inspection and repair process at operating nuclear plants.”

Babcock & Wilcox Intech Inc.’s new facility will house its current Chattanooga workforce and allows room for additional growth. It will also include state-of-the-art training, proof of process and machining/fabrication areas. Among the company’s offerings are custom-designed and manufactured robots that reduce human interaction with hazardous, radioactive environments.

“We’re proud to help Babcock & Wilcox Intech grow by adding them to the roster of companies at Hamilton County’s Centre South Industrial Park,” Hamilton County Mayor Jim Coppinger said. “This is a great example of how the public sector can work with the private sector to support the creation of new family-wage jobs.”

Intech, which was established in Chattanooga in 1995, was acquired by The Babcock & Wilcox Company in 2008. The company provides expertise in non-destructive examination (NDE) inspection for the nuclear industry along with maintenance and repair, robotic tooling and process development for the fossil and nuclear markets.


CBL And Associates Properties Declares Common Stock Dividend And Preferred Stock Dividend

CBL & Associates Properties, Inc. announces that its Board of Directors has declared a quarterly cash dividend for the Company’s Common Stock of $0.265 per share for the quarter ending June 30. The dividend is payable on July 16 to shareholders of record as of June 30.  The Board also declared a quarterly cash dividend of $0.4609375 per depositary share for the quarter ... (click for more)

Whitfield Tax Assessor's Office Sending Out Annual Notices Soon

In pursuant to O.C.G.A. 48-5-306, all Whitfield County property owners will be receiving the state-required annual assessment notice around the first week of June, according to officials with the county Tax Assessor’s Office.  The notice will contain an estimate of the taxes based on the prior year's millage rate.  The Board of Assessors is charged with the responsibility ... (click for more)

Circuit Court Jury Gives $20,599,000 Verdict In Favor Of Canyon Ridge Developers; Punitive Damages To Be Added

A Hamilton County Circuit Court jury on Thursday awarded $20,599,000 to the developers of Canyon Ridge on Lookout Mountain against a financial firm that allegedly secretly started working on a rival project. The jury also said the plaintiffs are due punitive damages. The amount will be set on Monday morning in the courtroom of Judge J.B. Bennett after each side gives 20-minute ... (click for more)

Chattanooga Loses Bicycle National Championships To Winston-Salem

After a three-year run, Chattanooga is losing the national championship bicycle races. Winston-Salem, N.C., has been selected to serve as the host city for the 2016 and 2017 Volkswagen USA Cycling Professional Road & TT National Championships. The 2016 Volkswagen USA Cycling Pro Road & TT National Championships will be held May 22-30. The nine-day event will combine the ... (click for more)

The Truth About The Rising Costs To East Ridge On The Fire Hall Property - And Response

Re:East Ridge Has To Pay Unexpected $428,000 On Bass Pro Shop Deal   H ere is the truth about this article.    One section of the article says: " Unknown to anybody on the council today, the agreement limited use of the land to a fire hall."     In a letter dated Dec. 15, 2010, Mayor Lambert asked TDOT officials to ... (click for more)

Roy Exum: I Know About Dowries

There is a lawyer in Kenya who wants to meet President Barack Obama very badly. He knows the President will visit Kenya in July and the noble, young lawyer, Felix Kiprono, is very sincere when he says he wants to marry the oldest of the Obama daughters, 16-year-old Malia. He became interested in Malia in 2008 and can proudly say he has dated no other women since then, it has just ... (click for more)