07.14.11
27 Shawcor
Toronto, Ontario, Canada
PUBLIC COMPANY
REVENUE: $728 million
MARKETS SERVED
• Pipe coatings
KEY EXECUTIVES
V.L. Shaw, chair of the board; W.P. Buckley, president and CEO; J.D. Tikkanen, president, Bredero Shaw.
The pipe coating division of Shawcor Ltd., Bredero Shaw is the world’s largest pipe coating manufacturer with sales of roughly $728 million in 2010. In early 2010 Bredero Shaw entered into a joint venture agreement with ArkhTekhnoProm, an affiliate of Mezhregiontruboprovodstroi, the leading Russian offshore pipeline contractor. The joint venture will establish a pipe coating facility in the Arkhangelsk Region, Russian Federation that will provide advanced concrete weight coating services for the emerging northern Russia offshore pipeline market. In other expansion news Bredero Shaw completed the acquisition of the remaining 50 percent interest in Thermotite Brasil Ltda. and BS Servicios de Injeção that it did not previously own. The purchase price was $37.9 million. Since 2006, Bredero Shaw has been a partner in this joint venture in the offshore thermal insulation market in Brazil.
The pipe coating division of Shawcor Ltd., Bredero Shaw is the world’s largest pipe coating manufacturer with sales of roughly $728 million in 2010. In early 2010 Bredero Shaw entered into a joint venture agreement with ArkhTekhnoProm, an affiliate of Mezhregiontruboprovodstroi, the leading Russian offshore pipeline contractor. The joint venture will establish a pipe coating facility in the Arkhangelsk Region, Russian Federation that will provide advanced concrete weight coating services for the emerging northern Russia offshore pipeline market. In other expansion news Bredero Shaw completed the acquisition of the remaining 50 percent interest in Thermotite Brasil Ltda. and BS Servicios de Injeção that it did not previously own. The purchase price was $37.9 million. Since 2006, Bredero Shaw has been a partner in this joint venture in the offshore thermal insulation market in Brazil.
