Toronto, Ontario, Canada
REVENUE: $1 billion (2013: $1 billion)
• Pipe coatings
V.L. Shaw, chair of the board; W.P. Buckley, president and CEO; J.D. Tikkanen, Bredero Shaw.
The pipe coating division of ShawCor Ltd., Bredero Shaw, is the world’s largest pipe coatings manufacturer. Bredero Shaw is the global leader in pipe coating solutions for the oil, gas and water industries, offering a wide range of coating solutions, including anti-corrosion protection, thermal insulation, negative buoyancy, mechanical protection and internal flow efficiency coatings.
ShawCor Ltd.’s Bredero Shaw pipe coating division recently received a second contract with a value of approximately $200 million from BP Exploration (Shah Deniz) Limited for pipeline coating for the Shah Deniz Stage 2 development project. The contract is scheduled to be executed at the Caspian Pipe Coatings (CPC) plant in Baku. The contract awarded involves the application of anti-corrosion and concrete weight coatings, and upgrades to the CPC plant in Baku to enable the facility to meet the project’s requirements for anti-corrosion and concrete weight coating. Coating is expected to commence in 2015 with completion planned for October 2015. Together with the previously awarded contracts relating to the Shah Deniz Stage 2 and the related South Caucasus Pipeline projects, Bredero Shaw has now secured contracts totaling more than $500 million on these projects.
Bredero Shaw has received notification from Europipe GmbH that the suspension of the work on its contract with Europipe for the concrete weight coating of Line 1 of the South Stream Pipeline has been lifted with immediate effect. In December 2014, ShawCor Ltd. had announced the suspension of the majority of the work on its South Stream Pipeline contracts with Europipe and with Marubeni Sumitomo Consortium and with Saipem SpA.