Shaw Group Succeeds in Multiple Industries with $33 Billion of Projects in the U.S.

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Researched by Industrial Info Resources (Sugar Land, Texas)--The Shaw Group Incorporated (NYSE:SGR) (Baton Rouge, Louisiana) is a global leader in engineering, construction and manufacturing for a large variety of industrial sectors including power, chemicals and environmental and infrastructure. At a recent engineering and construction conference, Shaw's Chairman and CEO, J.M. Bernhard, Jr., spoke about where Shaw currently stands as a business and the future of the company.

While Shaw participates in multiple industries, the company is very focused on the Power Industry, forecasting continued and sustained growth in the international and domestic power sectors during the coming decades. Shaw estimates that domestic electricity consumption will increase 7000 megawatts (MW) per year through 2030 and will continue providing construction, fabrication, engineering and maintenance for various types of power plants, including gas, geothermal, nuclear and fossil fuels. Shaw has a current backlog of power projects valued at $6.7 billion and is the leading company in the nuclear power maintenance sector, holding maintenance contracts on 41 of the 104 nuclear reactors in the U.S.

Bernhard spoke of the increased growth that he expects to see in Shaw's Fabrication and Manufacturing sector. "Our fabrication and manufacturing market actually trends across all segments," he said. "Ninety percent of every industrial plant in the world moves fluids, whether it's ethylene, steam, water, et cetera, and those fluids are contained by piping systems. And that's what we do, so it's from every spectrum, from ethanol and ethylene to nuclear power, coal-fired to gas-fired to paper mill. Anytime you move fluid, you need piping systems and we're the world's largest in that."

Industrial Info, as part of its International Industrial Database is currently tracking over $41 billion of active or planned projects throughout the world involving the Shaw Group or its international subsidiaries. Over $33 billion of these projects are occurring in the U.S. The projects cover a wide range of industries such as Power, Petroleum Refining, Chemical Processing and Industrial Manufacturing and range from maintenance turnarounds to grassroot construction.

While construction within the nuclear power industry often runs into several billion dollars in total investment, one of the larger conventional power projects currently under way is the $2.4 billion addition of an 800-MW coal-fired unit at the Cliffside Steam Station in Cliffside, North Carolina, which is owned by Duke Energy Carolinas LLC (Charlotte, North Carolina), a subsidiary of Duke Energy Corporation (NYSE:DUK) (Charlotte). Construction on the addition began late last year and is expected to be complete in the second quarter of 2011. The Shaw Group is acting as both engineering contractor and general contractor for the project.

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