The 2020 PCI 25: No. 8 Shawcor Ltd.
8. Shawcor Ltd.
CEO: Steve Orr
Coatings Sales: Approx. U.S. $510 million
An energy services company, Shawcor Ltd. provides products and services for the pipeline and pipe services segment of the oil and gas industry, as well as related products for the petrochemical and industrial markets. The company’s Pipeline Performance Group, which accounted for 58% of consolidated revenue in 2019, provides field-applied coating systems, factory-applied coating systems and logistics solutions. The division provides specialized coating systems and related services for corrosion protection, insulation and weight coating applications on land, and marine pipeline including highly engineered corrosion and insulation systems for deep-water applications.
In 2019, the company reported total revenue of $1.489 billion Canadian dollars, of which $662 million Canadian dollars was reported as revenue from sale of products and $827 million Canadian dollars from the sale of services.
Source: Annual Report, press releases
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