Shaw Opens New Office in Abu Dhabi, United Arab Emirates
March 30 2009 - 8:00AM
Business Wire
The Shaw Group Inc. (NYSE: SGR) today announced it has opened an
office in Abu Dhabi, United Arab Emirates, to support its
increasing activity throughout the Middle East.
�We are dedicated to expanding our Middle East operations,� said
J.M. Bernhard Jr., chairman, president and chief executive officer
of Shaw. �Having additional presence in this region will allow us
to serve our customers more efficiently and strengthen our position
for future projects and services.�
Shaw has numerous projects currently underway in the region,
including providing front end engineering design (FEED) services
for a grassroots acrylonitrile butadiene styrene (ABS) plant for
Arabian Petrochemical Company; engineering, procurement,
construction and commissioning of a 400,000 metric ton per annum
plant for SABIC in Saudi Arabia; and detailed engineering,
procurement and construction management services for a plant
expansion in Saudi Arabia for Petrokeyma.
Shaw also is providing engineering services and licensing for
its proprietary Residue Fluid Catalytic Cracking (RFCC) technology
to Abu Dhabi Oil Refining Company (Takreer) as a part of the major
grassroots expansion of refining capacity at the Ruwais Industrial
Complex in the United Arab Emirates.
Shaw has operated an ASME certified pipe fabrication facility in
Bahrain since 1994. The largest single fabricator of complex
industrial piping systems in the United States, Shaw produces
structural, piping and equipment modules for new nuclear power
plants utilizing the Westinghouse AP1000 � technology, the world�s
safest and most economical commercial nuclear power technology.
The Shaw Group Inc. is a leading global provider of technology,
engineering, procurement, construction, maintenance, fabrication,
manufacturing, consulting, remediation and facilities management
services for government and private sector clients in the energy,
chemicals, environmental, infrastructure and emergency response
markets. A Fortune 500 company with fiscal year 2008 annual
revenues of $7 billion, Shaw is headquartered in Baton Rouge, La.,
and employs approximately 26,000 people at its offices and
operations in North America, South America, Europe, the Middle East
and the Asia-Pacific region. Shaw is the power sector industry
leader according to Engineering News-Record's list of Top 500
Design Firms. For further information, please visit Shaw's Web site
at www.shawgrp.com.
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for certain forward-looking statements. The
statements contained herein that are not historical facts
(including without limitation statements to the effect that the
Company or its management "believes," "expects," "anticipates,"
"plans" or other similar expressions) and statements related to
revenues, earnings, backlog or other financial information or
results are forward-looking statements based on the Company's
current expectations and beliefs concerning future developments and
their potential effects on the Company. There can be no assurance
that future developments affecting the Company will be those
anticipated by the Company. These forward-looking statements
involve significant risks and uncertainties (some of which are
beyond our control) and assumptions and are subject to change based
upon various factors. Should one or more of such risks or
uncertainties materialize, or should any of our assumptions prove
incorrect, actual results may vary in material respects from those
projected in the forward-looking statements. The Company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. A description of some of the risks and uncertainties
that could cause actual results to differ materially from such
forward-looking statements can be found in the Company's reports
and registration statements filed with the Securities and Exchange
Commission, including its Form 10-K and Form 10-Q reports, and on
the Company's Web site under the heading "Forward-Looking
Statements." These documents are also available from the Securities
and Exchange Commission or from the Investor Relations department
of Shaw. For more information on the company and announcements it
makes from time to time on a regional basis, visit our Web site at
www.shawgrp.com.
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