ShawCor reported that its subsidiary, Shaw Pipe Protection Ltd. will invest $11 million to construct a new pipe coating facility in Camrose, Alberta to provide technologically advanced internal pipe coatings and insulation systems for the Western Canadian Sedimentary Basin (WCSB).
The new coating facility, scheduled to be completed in the third quarter of 2008, will provide advanced SureFlo internal flow efficiency, anticorrosion and abrasion resistant pipe coatings for the Oil Sands region and other pipeline markets. The SureFlo product line will be expanded in 2008 to include internal anticorrosion and abrasion resistant coatings and this new facility is a key component of this expansion strategy. In addition, the new facility will manufacture Insul-8 AG, a new high temperature pipe insulation system for above ground pipelines.
Shaw Pipe is the leading provider of external and internal coatings to the WCSB. The company operates a network of six advanced pipe coating facilities with an extensive track record of providing North America customers with the highest levels of quality, service, capacity and safety. This expansion will provide the capability to process the new SureFlo and Insul-8 products developed by the company.
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