Shaw and Westinghouse Announce Successful Completion of First Nuclear Concrete Placement at Sanmen Nuclear Site in China
20 April 2009 - 11:00PM
Business Wire
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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