ShawCor Announces Contract To Provide Anticorrosion And Concrete Weight Coating Services To Gazprom In Russia

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[{"type":"text","content":"\n\n\n\nTSX: SCL.A, SCL.B\n\n\nTORONTO, June 9 /CNW/ - ShawCor Ltd. (TSX: SCL.A, SCL.B) today announced\nits subsidiary, Bredero Shaw, has received a contract with a value in excess\nof $20 million to provide three layer anticorrosion and concrete weight\ncoating for the subsea crossing of Baydaratskaya Bay. The contract has been\nawarded to Bredero Shaw Limited and will be executed at its coating facility\nin Leith, Scotland.\n\n\nBaydaratskaya Bay is located in the southern part of the Kara Sea along\nthe coastline of the Yamal Peninsula in Northern Russia. This contract will\ninvolve coating 20 km of 48" pipe and represents a section of one of several\nstrategic pipelines that will move gas from the Yamal Peninsula to Europe.\n\n\nShawCor Ltd is an energy services company specialising in products and\nservices for the pipeline and pipe services and the petrochemical and\nindustrial segments of the oil and gas industry. The company operates through\nsix divisions with over sixty manufacturing and service facilities located\naround the world.\n\n\nBredero Shaw, ShawCor's largest division, is the global leader in pipe\ncoating solutions. The division provides specialized coating systems and\nrelated services for corrosion protection, insulation and weight coating\napplications on land and marine pipelines including highly engineered\ncorrosion and insulation systems for deepwater applications.\n\n\nThis news release contains forward-looking information within the meaning\nof applicable securities laws. Words such as "may", "will", "should",\nanticipate", "plan", "expect", "believe", "predict", "estimate" or similar\nterminology are used to identify forward-looking information. This\nforward-looking information is based on assumptions, estimates and analysis\nmade in the light of the company's experience and its perception of trends,\ncurrent conditions and expected developments, as well as other factors that\nare believed by the company to be reasonable and relevant in the\ncircumstances. Forward-looking information involves known and unknown risks,\nuncertainties and other factors which may cause actual results, performance or\nachievements to be materially different from those predicted, expressed or\nimplied by the forward-looking inform...

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