The Shaw Group Inc. (NYSE:SHAW) has signed a multi-year contract with a private company to provide pipe fabrication services for a new $1 billion domestic manufacturing facility.
The contract, valued at more than $100 million, will be included in Shaw’s Fabrication & Manufacturing segment’s backlog of unfilled orders in the fourth quarter of fiscal year 2011.
“Shaw was founded 25 years ago as a pipe fabrication company,” said David Chapman, president of Shaw’s Fabrication & Manufacturing Group. “Today, our fabrication technology and production management systems can support significant capital projects in the power and process industries for clients around the world.”
Shaw provides piping, structural steel and duct panel fabrication, module assembly, as well as pipe products and the world's leading proprietary bending technology, for the power and process industries, including nuclear, gas- and coal-fired power plants, oil extraction, pipeline, refining, petrochemical and chemical. Through nine facilities worldwide that are equipped with the latest manufacturing technology, Shaw creates total fabrication solutions for its customers.
Shaw contracted for $1B pipe fabrication facility