ShawCor announces additional pipecoating facilty in Camrose, Alberta



    (TSX: SCL.A, SCL.B)

    TORONTO, Jan. 17 /CNW/ - SHAWCOR LTD. (TSX: SCL.A, SCL.B) today announced
that its subsidiary, Shaw Pipe Protection Ltd. will invest $11 million to
construct a new pipe coating facility in Camrose, Alberta to provide
technologically advanced internal pipe coatings and insulation systems for the
Western Canadian Sedimentary Basin (WCSB).
    The new coating facility, scheduled to be completed in the third quarter
of 2008, will provide advanced SureFlo(R) internal flow efficiency,
anticorrosion and abrasion resistant pipe coatings for the Oil Sands region
and other pipeline markets. The SureFlo(R) product line will be expanded in
2008 to include internal anticorrosion and abrasion resistant coatings and
this new facility is a key component of this expansion strategy. In addition,
the new facility will manufacture Insul-8(R) AG, a new high temperature pipe
insulation system for above ground pipelines.
    Shaw Pipe is the leading provider of external and internal coatings to
the WCSB. The company operates a network of six advanced pipe coating
facilities with an extensive track record of providing North America customers
with the highest levels of quality, service, capacity and safety. This
expansion will provide the capability to process the new SureFlo(R) and
Insul-8(R) products developed by the company.

    ShawCor Ltd. is an energy services company specializing in products and
services for the pipeline and pipe services and the petrochemical and
industrial segments of the oil and gas industry. The company operates through
six divisions with over sixty manufacturing and service facilities located
around the world. Shaw Pipe Protection Ltd. is a wholly owned unit of Bredero
Shaw, ShawCor's largest division. Bredero Shaw is the global leader in pipe
coating solutions and employs approximately 4,000 permanent and contract
personnel located at offices and facilities in fifteen countries. The division
provides specialized coating systems and related services for corrosion
protection, insulation and weight coating applications on land and marine
pipelines including highly engineered corrosion and insulation systems for
deepwater applications.

    This news release contains forward looking information within the meaning
of applicable securities laws. Words such as "may", "will", "should",
"anticipate", "plan", "expect", "believe", "predict", "estimate", and similar
terminology are used to identify forward-looking information. This forward
looking information is based on assumptions, estimates, and analysis made in
light of the company's experience and its perception of trends, current
conditions and expected developments, as well as other factors that are
believed by the company to be reasonable and relevant in the circumstances.
Forward-looking information involves known and unknown risks, uncertainties
and other factors which may cause actual results, performance or achievements
to be materially different from those predicted, expressed or implied by the
forward-looking information. The risks and uncertainties include, among other
things, changes in global economic activity and changes in energy supply and
demand which impact on the level of drilling activity and pipeline
construction; political, economic and other risks arising from international
operations; compliance with environmental, trade and other laws; liability
claims; fluctuations in foreign exchange rates and fluctuations in raw
material prices, as well as other risks and uncertainties that are more fully
described in the company's Annual Information Form, annual and quarterly
reports and in other reports and filings made with securities regulatory
authorities and available at www.sedar.com.

    %SEDAR: 00002746E




For further information:

For further information: ShawCor Ltd., Gary Love, Vice President,
Finance and CFO, Tel: (416) 744-5818, E-mail: glove@shawcor.com, Website:
www.shawcor.com

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ShawCor Ltd.

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