Shaw Pipe Protection

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On September 13, 2007, ShawCor announced that its subsidiary, Shaw Pipe Protection, will invest $13.8 million in additional FBE pipe coating capacity for the Western Canadian Sedimentary Basin (WCSB). This investment is in addition to the previously announced facility expansions in Camrose, Alberta.

The additional coating capacity will be added to the Shaw Pipe Regina pipe coating facility which will be upgraded to provide advanced FBE technology for small and large diameter pipe. The investment will ensure continued high service levels to Canadian customers including IPSCO Inc., which recently announced a significant expansion and Enbridge Pipelines Inc., which has a long-term supply arrangement with Shaw Pipe. The added capacity will be in-service by the end of the third quarter of 2008

Shaw Pipe operates a network of six advanced pipe coating facilities that service the needs of the WCSB and has an extensive track record of providing North American customers with the highest levels of quality, capacity and safety. This new expansion will ensure that these service levels are maintained and enhanced.

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