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Before & After: Renovations on Babcock & Wilcox’s Relocated Headquarters are Complete

After announcing the relocation in 2018, the new Babcock & Wilcox headquarters are ready

Thu Jan 23 2020

Company Name: Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W)
Location: Akron
Industry Sector: Advanced Manufacturing
Company Profile: Headquartered in Akron, Ohio, Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets.
Company Website: www.babcock.com

  • Jobs Retained: 750
  • Capital Investment: $3,010,000

Company Need:

Babcock & Wilcox wanted to drive efficiency, become leaner, lower fixed overhead, and transition out of older, inefficient facilities. The company examined several locations to determine which facility could meet its long-term needs.

“The new Akron office will help us reduce our operating costs while also providing a dynamic, vibrant and exciting location for our employees to work and collaborate. It will also serve as an attractive location to help recruit new talent in the future.”
Leslie Kass,
former president and CEO, Babcock & Wilcox

Why Ohio?

In September 2018, Babcock & Wilcox announced that it would relocate its headquarters from Charlotte, North Carolina, to Akron, Ohio, because it reduced operating costs and provides a rich talent pool.

Advanced manufacturing companies in Ohio such as Babcock & Wilcox consistently benefit from the state’s low-cost business environment, which sets up manufacturers for success. Ohio has a pro-manufacturing tax structure, including the lowest taxes in the Midwest for capital-intensive manufacturing, protecting the bottom line of companies like Babcock & Wilcox.

“As we work to serve a transforming global power industry, employees in our Ohio-based headquarters will continue to play a central role in the success of the company,” said Leslie Kass, former president and CEO, Babcock & Wilcox.

The company’s renovated facility is now complete. Check out the before and after comparison above.

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