REVENUE: $890 million
(2015: $1 billion)
P.G. Robinson, chair of the board; Steve Orr, president and CEO; G.A. Tano, senior vice president, finance and CFO.
Shawcor Ltd. is a global energy services company specializing in products and services for the pipeline and pipe services segment of the oil and gas industry and related products for the petrochemical and industrial market. The company operates through a global network of fixed and mobile manufacturing and service facilities.
Shawcor Ltd.’s pipe coating division has received a contract in excess of $29.7 million from Marubeni-Itochu Tubulars Asia Pte Ltd, a 100 percent subsidiary of Marubeni-Itochu Steel Inc., to provide internal lining and three layer polyethylene anti-corrosion pipeline coatings for Thailand’s Fifth Transmission Pipeline project.
This project is owned by PTT Public Company Limited, a Thai state enterprise company. The pipeline will run through eight provinces in Thailand and is aimed at reducing risks to electrical power security and easing the delivery of gas from the LNG Terminal in Rayong, Thailand to the Western region.
This contract will be executed in Shawcor’s coating facilities in Malaysia, and is expected to commence in Q4 2017 and to be completed by Q4 2018.