ShawCor Announces Contract To Provide Pipe Coating Services For Enbridge Pipeline Projects



    (TSX: SCL.A, SCL.B)

    TORONTO, Jan. 23 /CNW/ - ShawCor Ltd. (TSX: SCL.A, SCL.B) today announced
its subsidiary, Shaw Pipe Protection Ltd., has received contracts with a value
in excess of $40 million for coating associated with two new Enbridge pipeline
projects, Southern Access and Southern Lights. The coating will take place at
the company's Regina pipe coating facility with completion of the Southern
Access portion of the work scheduled for the second quarter of 2008 and
completion of the Southern Lights portion of the work scheduled for the first
quarter of 2009.
    Coating for the next stages of Enbridge's Southern Access project will
consist of approximately 230 km of 42" and approximately 275 km of 36" pipe.
Each will be coated with fusion bonded epoxy anticorrosion coating.
    The Southern Lights' project will require coating for approximately 700
km of 20" pipe and will similarly utilize fusion bonded epoxy anticorrosion
coating.

    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 new 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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