SCL | Jotup

Shawcor Sells its Lake Superior Consulting Business

Retrieved on:

Tuesday, September 6, 2022

CEO, Pipeline, Department of Infrastructure, Energy and Resources, EBITDA, SCL, Engineering, Solution, Sale, Integrity management, Automotive industry, Cognitive Constraints on Compositional Systems, TSX, Shawcor, Transport, GLOBE, Company, LSC, Infrastructure, Oil

TORONTO, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. (Shawcor or the Company) (TSX: SCL) announced that it has sold its Lake Superior Consulting (LSC) operating unit to a private investment group, including members of LSC management, in a transaction generating approximately C$8 million in gross proceeds.

Key Points:

TORONTO, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. (Shawcor or the Company) (TSX: SCL) announced that it has sold its Lake Superior Consulting (LSC) operating unit to a private investment group, including members of LSC management, in a transaction generating approximately C$8 million in gross proceeds.
The LSC business, reported within the Companys Pipeline and Pipe Services (PPS) segment, offers engineering, consulting and field inspection services to the US onshore pipeline and broader energy infrastructure markets.
Shawcor Ltd. is a growth-oriented, global material sciences company serving the Infrastructure, Energy, and Transportation markets.
Its three business segments, Composite Systems, Automotive & Industrial and Pipeline & Pipe Services enable responsible renewal and enhancement of critical infrastructure while lowering risk and environmental impact.

Shawcor Releases 2021 Environmental, Social and Governance Report

Retrieved on:

Tuesday, August 30, 2022

TORONTO, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. (Shawcor or the Company) (TSX: SCL) today announced the publication of its 2021 Environmental, Social, and Governance (ESG) report.

Key Points:

TORONTO, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. (Shawcor or the Company) (TSX: SCL) today announced the publication of its 2021 Environmental, Social, and Governance (ESG) report.
The report can be found on the Companys website at https://www.shawcor.com/about/esg .
Shawcor employees should be very proud of their accomplishments in these areas during 2021.
Shawcor Ltd. is a growth-oriented, global material sciences company serving the Infrastructure, Energy, and Transportation markets.

Shawcor Awarded $500 Million Pipe Coating Contract in Southeast Mexico

Retrieved on:

Friday, August 19, 2022

Pipeline, GLOBE, Cognitive Constraints on Compositional Systems, PPG, Department of Infrastructure, Energy and Resources, TSX, SCL, Company, Shawcor, Transport, Automotive industry, Infrastructure, TC Energy, Oil

TORONTO, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. (Shawcor or the Company) (TSX: SCL) today announced that its pipe coating division (Pipeline Performance Group or PPG) has received a formal contract valued at approximately C$500 million from Transportadora de Gas Natural de la Huasteca, S. de R.L.

Key Points:

TORONTO, Aug. 18, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. (Shawcor or the Company) (TSX: SCL) today announced that its pipe coating division (Pipeline Performance Group or PPG) has received a formal contract valued at approximately C$500 million from Transportadora de Gas Natural de la Huasteca, S. de R.L.
de C.V. (TGNH), the Mexican subsidiary of TC Energy Corporation (TC Energy), to supply pipe coating services on the Southeast Gateway Pipeline project (SGP), an offshore natural gas pipeline in southeast Mexico.
The work will be conducted from a high-capacity concrete coating facility which Shawcor will re-establish in Altamira, Mexico.
Shawcor leadership will share further details regarding the expected economic impact of this contract award in due course.

Shawcor Receives Contract Award for Yellowtail Development Project in Guyana

Retrieved on:

Wednesday, August 3, 2022

Shawcor, Water, Yellowtail, Infrastructure, Liza, Company, Automotive industry, SCL, Transport, GLOBE, TSX, Cognitive Constraints on Compositional Systems, Pipeline, Department of Infrastructure, Energy and Resources, Contract, Stabroek, Oil

TORONTO, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. (Shawcor or the Company) (TSX: SCL) today announced that its pipe coating division has been awarded a definitive contract by Saipem to provide thermal insulation and anticorrosion coatingservices for the Yellowtail development project, located in the Stabroek block offshore Guyana at a water depth of approximately 1,800 meters.

Key Points:

TORONTO, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. (Shawcor or the Company) (TSX: SCL) today announced that its pipe coating division has been awarded a definitive contract by Saipem to provide thermal insulation and anticorrosion coatingservices for the Yellowtail development project, located in the Stabroek block offshore Guyana at a water depth of approximately 1,800 meters.
The value of the award is in the range of C$40-$50 million and coating is scheduled to commence in the first quarter of 2023 from Shawcors Veracruz, Mexico facilities.
Saipem previously awarded coating contracts to Shawcor for the first two phases of the Liza development projects and the Payara project in Guyana in 2017, 2018 and 2020 respectively.
The award of work for the Yellowtail project follows deployment of our solution on the Liza Phases 1&2 development projects and the more recent Payara development project in Guyana, said Kevin Reizer, Pipeline Performance Group President.

Shawcor Announces Conference Call/Webcast to Discuss Second Quarter 2022 Results Friday, August 12th, 2022 at 9:00am ET

Retrieved on:

Tuesday, July 26, 2022

TSX, SCL, Shawcor, GLOBE

TORONTO, July 26, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. (TSX: SCL) announced today that it expects to report its financial results for the period ended June 30th, 2022 on Thursday, August 11th, 2022 after the close of trading on the TSX.

Key Points:

TORONTO, July 26, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. (TSX: SCL) announced today that it expects to report its financial results for the period ended June 30th, 2022 on Thursday, August 11th, 2022 after the close of trading on the TSX.
A conference call/webcast to discuss these results will be held on Friday, August 12th, 2022 at 9:00am ET.
The presentation can be found on the Companys website in advance of the earnings call and can also be accessed via the conference call/webcast.
Please visit the Shawcor Investor Centre website at shawcor.com or use the following link http://investors.shawcor.com/event for further details.

Shawcor Finalizes Sale and Leaseback of Rexdale Facility

Retrieved on:

Tuesday, June 28, 2022

Shawcor, CEO, Pipeline, Greater Toronto Area, Department of Infrastructure, Energy and Resources, TSX, GLOBE, Sale, Company, Automotive industry, Cognitive Constraints on Compositional Systems, Transport, Technology, Bishoftu Automotive Engineering Industry, Solution, SCL, Infrastructure, Rexdale

TORONTO, June 28, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. (Shawcor or the Company) (TSX: SCL) today announced it has finalized the sale and leaseback agreement for its Rexdale facility.

Key Points:

TORONTO, June 28, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. (Shawcor or the Company) (TSX: SCL) today announced it has finalized the sale and leaseback agreement for its Rexdale facility.
Net proceeds for the transaction of approximately $49 million exceeded previously communicated expected proceeds and, concurrent with the sale of the facility, the Company has entered into a three-year leaseback agreement.
This new arrangement facilitates operational continuity while the Company relocates to a modernized location in the Greater Toronto Area.
This sale will allow us to establish a greener, more modern and efficient production facility to meet the growing demand and to deliver new technology solutions to our customers.

Stepan to Announce Second Quarter 2022 Results on July 27, 2022

Retrieved on:

Monday, June 27, 2022

NORTHBROOK, Ill., June 27, 2022 /PRNewswire/ -- Stepan Company (NYSE: SCL) will issue its second quarter 2022 earnings results on Wednesday, July 27, 2022at approximately 7:00 am ET (6:00 am CT).

Key Points:

NORTHBROOK, Ill., June 27, 2022 /PRNewswire/ -- Stepan Company (NYSE: SCL) will issue its second quarter 2022 earnings results on Wednesday, July 27, 2022at approximately 7:00 am ET (6:00 am CT).
Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries.
Headquartered in Northbrook, Illinois, Stepan utilizes a network of modern production facilities located in North and South America, Europe and Asia.
Asa result, Stepan Company's actual financial results, performance, achievements or prospects may differ materially from those expressed or implied by these forward-looking statements.

Stepan Company Executes $450 Million Credit Facility Agreement

Retrieved on:

Monday, June 27, 2022

NORTHBROOK, Ill., June 27, 2022 /PRNewswire/ -- Stepan Company (NYSE: SCL), announced today that it has entered into credit agreement providing for a five-year committed $350 million multi-currency revolving credit facility and a $100 million delayed draw term loan facility with a syndicate of banks.

Key Points:

NORTHBROOK, Ill., June 27, 2022 /PRNewswire/ -- Stepan Company (NYSE: SCL), announced today that it has entered into credit agreement providing for a five-year committed $350 million multi-currency revolving credit facility and a $100 million delayed draw term loan facility with a syndicate of banks.
The credit agreement allows Stepan to make unsecured borrowings, as needed, for working capital, acquisitions, capital expenditures and general corporate purposes.
This credit agreement replaces Stepan's previous $350 million revolving credit agreement that was scheduled to expire in January 2023.
For more information about Stepan Company please visit the Company online at www.stepan.com .

Shawcor Reduces Costs and Emissions by Streamlining Calgary Operations

Retrieved on:

Thursday, May 19, 2022

Automotive industry, Cognitive Constraints on Compositional Systems, Company, Environment, Shawcor, Pipeline, TSX, Transport, Infrastructure, CBRE Group, SCL, GLOBE, CEO, Department of Infrastructure, Energy and Resources, ESG, Renewable energy

TORONTO, May 19, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. (Shawcor or the Company) (TSX: SCL) announced today that it has secured an early exit from its leased facility, which formerly housed the Companys FlexFlow operations, in Calgarys Oxford Airport Business Park.

Key Points:

TORONTO, May 19, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. (Shawcor or the Company) (TSX: SCL) announced today that it has secured an early exit from its leased facility, which formerly housed the Companys FlexFlow operations, in Calgarys Oxford Airport Business Park.
This exit will be completed during the third quarter of 2022 and will result in net savings of approximately $15 million over the course of the next seven years.
The Company will incur one-time restructuring costs of approximately $2 million to execute this transaction, which will be reflected in the second quarter financial results.
This move allows us to focus our resources on core product lines and will provide meaningful cost savings for several years to come.

Vice President of Enterprise Learning & Personal Development Discusses How SCL Health Is Selecting, Promoting, and Developing Leaders Differently in 2022

Retrieved on:

Tuesday, May 17, 2022

In the Excellence at Work Podcast Executive Series, Brandon Hall Group Chief Operating Officer and Principal HCM Analyst Rachel Cooke interviews SCL Healths Vice President of Human Resources Enterprise Learning & Personal Development, Andrew Lawrence .

Key Points:

In the Excellence at Work Podcast Executive Series, Brandon Hall Group Chief Operating Officer and Principal HCM Analyst Rachel Cooke interviews SCL Healths Vice President of Human Resources Enterprise Learning & Personal Development, Andrew Lawrence .
Lawrence and his fellow learning and development community have earned a reputation for continuous improvement that increases system knowledge-sharing, drives productivity and efficiency gains, and achieves benefits from scale.
In doing so, they honor the sacred mission of SCL Health and the teachings of the Catholic Church.
Other topics include the best blend of learning modalities, mobile learning, what the modern executive requires, insights from Lawrences journey, and more!