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SGR Shaw Grp.

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Share Name Share Symbol Market Type
Shaw Grp. NYSE:SGR NYSE Ordinary Share
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  0.00 0.00% 0.00 -

Shaw and Westinghouse Announce Successful Completion of First Nuclear Concrete Placement at Sanmen Nuclear Site in China

20/04/2009 2:00pm

Business Wire


Shaw (NYSE:SGR)
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The Shaw Group Inc. (NYSE: SGR) today announced the Nuclear Division of its Power Group and Westinghouse Electric Company, its AP1000 Consortium partner, along with China’s State Nuclear Power Technology Corporation (SNPTC), successfully completed placement of first nuclear concrete at the Sanmen nuclear power plant project in China’s Zhejiang province.

Shaw provided engineering and project management services leading up to and throughout the 47 hours of continuous concrete production and monolithic placement for the nuclear island basemat for Sanmen Unit 1. The basemat serves as a foundation for the containment and auxiliary buildings that are within the nuclear island. Measuring six feet in thickness, the basemat required approximately 5,000 cubic meters of concrete to cover an area nearly 250 feet long and 160 feet at its widest section.

“This is a tremendous milestone not only for the Sanmen project but for the entire nuclear industry, as it marks the true beginning of construction of the world’s first AP1000™ nuclear power plant,” said J.M. Bernhard Jr., Shaw’s chairman, president and chief executive officer. “The team’s commitment to safety and standardized work practices, along with months of detailed planning and preparation, were keys to the successful and timely placement of first nuclear concrete.”

Shaw is under contract with SNPTC, Sanmen Nuclear Power Company, Shandong Nuclear Power Company Ltd. and China National Technical Import & Export Corporation to provide engineering, procurement, commissioning, information management and project management services for two Westinghouse AP1000 nuclear units being built at Sanmen and another two units under construction at Haiyang in Shandong province.

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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