AZZ Inc. Announces Contract Award from CFE for Nuclear Valve Services, Value Above $15M

AZZ Inc.

, a global provider of galvanizing services, welding solutions, specialty electrical equipment and highly engineered services to the power generation, transmission, distribution and industrial markets, announced today that it was awarded a contract from the Comision Federal de Electricidad (the Federal Electricity Commission "CFE") to refurbish main steam isolation valves (MSIVs) and reactor recirculation cooling system valves at the Laguna Verde 1 and 2 Nuclear Power Plants. The Laguna Verde Nuclear Power facility is located near Veracruz, Mexico. Under the terms of the contract, AZZ will provide specialty proprietary technology to execute valve repair services beginning with Laguna Unit 1 during scheduled outages in the fall of 2015 and continuing in the spring of 2016. The total contract award is estimated to be valued at greater than $15 million USD. Gary Hill, Vice President and General Manager of AZZ WSI, commented, "This award is indicative of AZZ's ability to provide specialty repair solutions to our international customer base, thereby allowing them to extend component lifetimes with high quality and safe performance. We are grateful for the trust that CFE has placed in AZZ for this important project."