Shawcor Ltd. operates as a material sciences company that serves the infrastructure, energy, and transportation markets worldwide. It operates through three segments: Composite Systems, Automotive and Industrial, and Pipeline and Pipe Services. The Composite Systems segment manufactures flexible composite and high density polyethylene pipes that are used for oil and gas gathering, water disposal, carbon dioxide injection pipelines, and other applications; fiberglass reinforced plastic underground storage tanks for the retail fuel, water and wastewater, and oil and gas markets; and tubular management services to the Western Canadian onshore oilfield market, including inventory management systems, mobile inspection, in-plant inspection and the refurbishment and rethreading of drill pipe, production tubing and casing, and tubular products. The Automotive and Industrial segment manufactures heat-shrinkable products, including thin, medium, and heavy-walled tubing; sleeves and molded products, as well as heat-shrink accessories and equipment; and low-voltage wires and cables for control, instrumentation, thermocouple, power, and industrial applications. The Pipeline and Pipe Services segment offers specialized internal anti-corrosion and flow efficiency pipe coating systems, insulation coating systems, weight coating systems, and custom coating and field joint application services for onshore and offshore pipelines; provides ultrasonic and radiographic pipeline girth weld inspection services to pipeline operators and construction contractors; non-destructive testing services for oil and gas gathering pipelines and oilfield infrastructure integrity management; and pipeline engineering and integrity management services to North American pipeline operators and other infrastructure operators. The company was formerly known as Shaw Industries Ltd. and changed its name to Shawcor Ltd. in 2001. Shawcor Ltd. was founded in 1930 and is headquartered in Toronto, Canada.

History

Shawcor was founded in the mid-20th century by Francis Shaw in rural Lambton County. It was originally a construction company, but later expanded into pipeline coatings, cable television, and numerous other businesses. In the 1970s, the business was split between Francis's sons Leslie and JR Shaw; Leslie inherited the pipeline services business, which became the current Shawcor, while JR Shaw inherited the western cable business, which became Shaw Communications. Under Leslie's leadership, the company grew significantly; by 2002, it had a market capitalization of $1 billion, and 43 plants in 20 countries. Around that time, Leslie ceded his leadership of the business to his daughter, Virginia Shaw.In 2012, Shawcor suggested that it might consider putting itself up for sale. At the time, the company had a market capitalization of about $3 billion. The company eventually decided not to sell, causing to share price to fall 15%. In 2013, it eliminated its dual class share structure, under which the Shaw family controlled the majority of voting shares.

Mission

We are dedicated to providing timely customer service and superior products to our partners in the pipe and pipeline sector.

Vision

We strive to be the best provider of pipe and pipeline products and services in the world.

Key Team

Mr. Christopher V. Havern (Group Pres of Integrity Management)

Mr. Thomas R. Holloway (Sr. VP of Fin. & CFO)

Mr. Timothy L. Hutzul (Sr. VP of Legal, Gen. Counsel & Corp. Sec.)

Meghan MacEachern (Director of External Communications & ESG)

Geoff W. Smith (Sr. VP, Chief People & HSE Officer)

Martin Perez (Group Pres of Composite Systems)

Recognition and Awards

Shawcor has garnered multiple awards for our work, including the 'World Class Safety Leader' award from the Construction Safety Association of Ontario and 'Industry Leader in Corrosion Protection Products' from the Canadian Corrosion Institute.

References

https://en.wikipedia.org/wiki/Shawcor

https://in.investing.com/equities/shawcor-ltd

https://finance.yahoo.com/quote/SCL.TO/profile?p=SCL.TO

https://www.crunchbase.com/organization/shawcor

https://www.shawcor.com

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Leadership team

Mr. Michael E. Reeves (Pres, CEO & Director)

Mr. Kevin D. Reizer (Group Pres of Pipeline Performance Group)

Mr. Frank Cistrone (Group Pres of Automotive & Industrial)

Products/ Services

Energy, Manufacturing, Oil and Gas

Number of Employees

1,000 - 20,000

Headquarters

Toronto, Ontario, Canada

Established

1930

Company Registration

SEC CIK number: 0000094049

Revenue

500M - 1B

Traded as

TSX:SCL

Social Media

URL

https://www.shawcor.com

Last updated: Tue Feb 25 2025

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Shawcor

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Summary