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Shawcor Wins Contract Award for Darwin Pipeline Replication Project, Off North Australia, The Canadian Business Journal

TORONTO, Sept. 9, 2022 (GLOBE NEWSWIRE) — Shawcor Ltd. (“Shawcor” or the “Company”) (TSX: SCL) today announced that its Pipe Coating Division (“Pipeline Performance Group” or “PPG”) A definitive contract has been signed with AllSeas to provide corrosion protection, internal flow coats and concrete weight coatings for the Darwin Pipeline Replication Project offshore northern Australia. The value of the prize is approximately $35 million Canadian dollars. The work will begin in 2023 and will be performed from Shawcor’s facility in Kavir, Indonesia.

Simon Dewey, Senior Vice President, Eastern Hemisphere, PPG, said: We are confident that this experience, combined with our market-leading technology and the highest quality standards, will make Shawcor a strong partner for Allseas. ”

PPG President Kevin Reizer added: Shawcor, one of the world’s leading providers of offshore pipeline coating solutions, is thrilled to be a part of this project. Today’s award complements the recently announced Southeast He, along with the Gateway Pipeline contract and many other smaller projects, strengthens an already substantial backlog while keeping its global footprint of coating facilities running at full capacity. Guaranteed to bring you one step closer to ”

About Shoko

Shawcor Ltd. is a growth-driven global materials science company serving the infrastructure, energy and transportation markets. The Company operates through a network of fixed and mobile manufacturing and service facilities. Its three business segments, Complex Systems, Automotive & Industrial, and Pipeline & Pipe Services, enable responsible renewal and enhancement of critical infrastructure while reducing risk and environmental impact.

For more information, please contact:

Megan McEhan
External Communications & ESG, Director
Phone: 437.341.1848
Email: [email protected]
shawcor.com

Forward-Looking Information

This news release contains forward-looking information within the meaning of applicable securities laws. Words such as “may”, “will”, “should”, “predict”, “plan”, “expect”, “believe”, “predict”, “estimate”, or similar The following terms are used to identify forward-looking information. This forward-looking information is based on assumptions made in light of our experience, trends, current conditions, our perception of expected developments and other factors we consider reasonable and relevant; Estimates and based on analysis. situation. Forward-looking information involves known and unknown risks, uncertainties and other factors and actual results, performance or achievements may not be predicted, expressed or implied by the forward-looking information. It may differ significantly from what is presented. Forward-looking information is provided as of the date of this news release and the Company does not update or update forward-looking information to reflect new events or circumstances, except as required by law. We are not obligated to make corrections.

Source: Shawcor Ltd.


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Shawcor Wins Contract Award for Darwin Pipeline Replication Project, Off North Australia, The Canadian Business Journal

Source link Shawcor Wins Contract Award for Darwin Pipeline Replication Project, Off North Australia, The Canadian Business Journal

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