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Shawcor bags over C$110M pipe coating contract in South America

May 26, 2023 8:09 AM ETShawcor Ltd. (SAWLF), SCL:CABy: Meghavi Singh, SA News Editor1 Comment
  • Shawcor (OTCPK:SAWLF) notifies that its pipe coating division, Pipeline Performance Group has received over C$110M formal contract award for a development project, located offshore in South America.
  • The Company had previously announced its conditional award, pending project sanction, in late 2022.
  • Shawcor will provide thermal insulation and anticorrosion coating services from a Western Hemisphere facility.
  • Project initiation is expected to begin in the fourth quarter of 2023.

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