Business
ShawCor announces $13.8 million pipe coating capacity addition in Regina, Saskatchewan
ShawCor announces $13.8 million pipe coating capacity addition in Regina, Saskatchewan.
About this update from Mattr Corp
[{"type":"text","content":"\n\n\n\n(TSX: SCL.A, SCL.B)\n\n\nTORONTO, Sept. 13 /CNW/ - ShawCor Ltd. (TSX: SCL.A, SCL.B) announced\ntoday that its subsidiary, Shaw Pipe Protection Ltd., will invest $13.8\nmillion in additional FBE pipe coating capacity for the Western Canadian\nSedimentary Basin (WCSB). This investment is in addition to the previously\nannounced facility expansions in Camrose, Alberta.\n\n\nThe additional coating capacity will be added to the Shaw Pipe Regina\npipe coating facility which will be upgraded to provide advanced FBE\ntechnology for small and large diameter pipe. The investment will ensure\ncontinued high service levels to Canadian customers including IPSCO Inc.,\nwhich recently announced a significant expansion and Enbridge Pipelines Inc.,\nwhich has a long-term supply arrangement with Shaw Pipe. The added capacity\nwill be in-service by the end of the third quarter of 2008\n\n\nShaw Pipe operates a network of six advanced pipe coating facilities that\nservice the needs of the WCSB and has an extensive track record of providing\nNorth American customers with the highest levels of quality, capacity and\nsafety. This new expansion will ensure that these service levels are\nmaintained and enhanced.\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 news release contains forward-looking information within the meaning\nof applicable securities laws. Words such as "may", "will", "should",\n"anticipate", "plan", "expect", "believe", "predict", "e...