8. Shawcor Ltd.
CEO: Mike Reeves
2020 Coatings Sales: Approx. $426 million
Shawcor Ltd. is a global company serving various sectors of the infrastructure, energy and transportation markets through three reporting segments: Pipeline and Pipe Services, Composite Systems, and Automotive and Industrial. The company operates through a global network of fixed and mobile manufacturing and service facilities The company’s Pipeline Performance Group 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 2020, the company reported total revenue of $1.178 billion Canadian dollars, of which approximately $543 million Canadian dollars was reported as revenue from the sale of products and approximately $636 million Canadian dollars from the sale of services. Coatings sales are reported based on the company’s reported sale of products for 2020.
Notes: In May of this year, Shawcor announced that its then-CEO Steve Orr would retire effective June 1, 2021. The company’s President, Mike Reeves, succeeded Orr as CEO.
Source: Consolidated financial statements, press releases
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