ShawCor

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  9. Multinational companies
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ShawCor Ltd
Type Public (TSX: SCL.A)
Industry Oil & Gas Equipment Services
Headquarters Toronto, ON, CDN </br>Houston, TX, USA ([Bredero Shaw])
Area served Worldwide
Key people Virginia Shaw
(Chairman), William Buckley
(CEO), John Tikkanen
(President, Bredero Shaw Division )
Products Technical services to the petroleum industry; Pipe Coating
Employees 5,800 - March 2009

ShawCor Ltd is a global energy services company, specializing in products and services for the pipeline and pipe services, and petrochemical and industrial segments of the oil and gas industry and other industrial markets. ShawCor operates through seven wholly owned business units: Bredero Shaw, Flexpipe Systems, Shaw Pipeline Services, Canusa CPS, Guardian, DSG-Canusa and ShawFlex[1]. Manufacturing, service facilities and sales offices, staffed by more than 5,800 employees, are located in over 20 countries around the world.

The Bredero Shaw division, which is the largest division in ShawCor, was formerly part of Halliburton, an international oilfield services conglomerate. At that time, it was named Bredero Price.

Facilities

ShawCor and its subsidiaries operate in over 20 countries on 6 continents. Regional offices are located in Houston, Texas; The Woodlands, Texas; Tulsa, Oklahoma; Cleveland, Ohio; Loveland, Ohio; Villahermosa(Mexico); Toronto, Ontario; Calgary, Alberta; Edmonton, Alberta; Dorval, Quebec; Edinburgh, Scotland; London, UK, Crawley(England); Great Yarmouth(England); Roborough(England); Meckenheim(Germany); Sharjah(UAE); Singapore; and Suzhou, China[2].

In addition, ShawCor also has manufacturing facilities and offices in the following places:

Bredero Shaw

Flexpipe Systems

Canusa-CPS

Shaw Pipeline Services (SPS)

Current Performance

In 2008, ShawCor established new records for all key relevant financial metrics[3]. In 2008, revenue reached $1.38 billion, an increase of 31.6 percent over the $1.05 billion that was achieved during the prior year. At the end of June 2008, ShawCor completed the acquisition of Flexpipe Systems Inc[4]. Calgary based Flexpipe Systems manufactures and sells a proprietary, spoolable, composite line pipe that is used by oil and gas producers in applications which benefit from the product’s ease and speed of installation and its pressure and corrosion resistance capabilities. At the end of the third quarter of 2008, ShawCor’s twelve-month order backlog reached a record level of $528.6 million reflecting continuing strength in international large diameter and offshore project activity and the inclusion in the backlog of the recently acquired Flexpipe Systems business. At the end of the year, the twelve-month order backlog had declined due to exceptionally strong shipments during the fourth quarter of 2008 but remained at $455.7 million, comparable with the level at the end of 2007[5]. This backlog is expected to support continued revenue strength through the first half of 2009. While it is unclear to what extent lower oil and gas prices, combined with a softening of activity levels in the Company’s non-pipeline related markets, may impact revenue in the second half of 2009 and beyond, bidding activity on major international pipeline projects in the fourth quarter was surprisingly strong and is continuing at a robust level[6].

See also


References

  1. ↑ http://www.shawcor.com/divisions/services.htm
  2. ↑ http://www.shawcor.com/main/contact.htm
  3. ↑ http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ric=SCLA.TO
  4. ↑ http://www.newswire.ca/en/releases/archive/May2008/26/c4513.html
  5. ↑ http://www.shawcor.com/investors/pdfs/ShawcorAR_08Final.pdf
  6. ↑ http://www.shawcor.com/investors/pdfs/ShawcorAR_08Final.pdf

External links


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