ShawCor has a strong balance sheet which provides a competitive advantage and supports the company’s potential for robust future growth. The company’s strong balance sheet is necessary to fund significant internal and external opportunities in today’s cyclical energy markets. Large pipeline projects often require substantial upfront investment for mobilization costs and to provide the capability to coat pipe in multiple locations to meet tight land construction deadlines or offshore lay barge schedules. ShawCor’s balance sheet strength provides the ability to take on these major, global, capital intensive projects and complete them on time and to the full satisfaction of the client. Furthermore, ShawCor’s financial capacity gives customers and suppliers confidence that the company will fulfill commitments over the long term. This strong financial position improves the company’s ability to provide innovative, highly differentiated products and services to more customers while creating substantial value for shareholders through increased growth.
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