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ShawCor Announces Contract To Provide Pipe Coating Services For Enbridge Pipeline Projects
(TSX: SCL.A, SCL.B) TORONTO, Jan. 23 /CNW/ - ShawCor Ltd. (TSX: SCL.A, SCL.B) today announced its...
About this update from Mattr Corp
[{"type":"text","content":"\n\n\n\n(TSX: SCL.A, SCL.B)\n\n\nTORONTO, Jan. 23 /CNW/ - ShawCor Ltd. (TSX: SCL.A, SCL.B) today announced\nits subsidiary, Shaw Pipe Protection Ltd., has received contracts with a value\nin excess of $40 million for coating associated with two new Enbridge pipeline\nprojects, Southern Access and Southern Lights. The coating will take place at\nthe company's Regina pipe coating facility with completion of the Southern\nAccess portion of the work scheduled for the second quarter of 2008 and\ncompletion of the Southern Lights portion of the work scheduled for the first\nquarter of 2009.\n\n\nCoating for the next stages of Enbridge's Southern Access project will\nconsist of approximately 230 km of 42" and approximately 275 km of 36" pipe.\nEach will be coated with fusion bonded epoxy anticorrosion coating.\n\n\nThe Southern Lights' project will require coating for approximately 700\nkm of 20" pipe and will similarly utilize fusion bonded epoxy anticorrosion\ncoating.\n\n\nShawCor Ltd. is an energy services company specializing 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. Shaw Pipe Protection Ltd., is a wholly owned unit of Bredero\nShaw, ShawCor's largest division. Bredero Shaw is the global leader in pipe\ncoating solutions and employs approximately 4,000 permanent and contract\npersonnel located at offices and facilities in fifteen countries. The division\nprovides specialized coating systems and related services for corrosion\nprotection, insulation and weight coating applications on land and marine\npipelines including highly engineered corrosion and insulation systems for\ndeepwater applications.\n\n\nThis new release contains forward-looking information within the meaning\nof applicable securities laws. Words such as "may", "will", "should",\n"anticipate", "plan", "expect", "believe", "predict", "estimate", and similar\nterminology are used to identify forward-looking information. This forward\nlooking information is based on assumptions, estimates and analysis made in\nlight of the company's experience and its...