BATON ROUGE, La., Dec 18, 2001 (BUSINESS WIRE) -- The Shaw Group Inc. (NYSE:
SGR) ("Shaw" or "the Company") today announced that the Company will donate
$295,783.35 to the "United Way September 11th Fund" established to provide
assistance to those affected by the recent tragedy in New York, Washington D.C.
and Pennsylvania.
In September, the Company announced that it would match all funds raised by
Baton Rouge Area Shaw employees for the Capital Area United Way ("CAUW") 2001
Campaign, on a dollar for dollar basis and donate that amount to the September
11th Fund ("the Fund"). Shaw employees raised an impressive $276,275.35 for CAUW
and this is the amount the Company will match to donate to the Fund. In
addition, $19,508 was donated directly to the September 11th Fund from various
Company-wide employee campaigns. Shaw and its employees were the largest
contributors in the Greater Baton Rouge area.
"Through the overwhelming generosity of our employees, we were able to meet the
needs of our local community as well as those tragically affected by the
September 11th terrorists attacks," stated J.M. Bernhard, Jr. Chairman,
President and Chief Executive Officer.
The Shaw Group Inc. is the world's only vertically integrated provider of
complete piping systems and comprehensive engineering, procurement and
construction services to the power generation industry. Shaw is the largest
supplier of fabricated piping systems in the United States and a leading
supplier worldwide, having installed piping systems in power plants with an
aggregate generation capacity in excess of 200,000 megawatts. While the majority
of Shaw's backlog is attributable to the power generation industry, the Company
also does work in the process industries, including petrochemical, chemical and
refining, and the environmental and infrastructure sector. The Company currently
has offices and operations in North America, South America, Europe, the Middle
East and Asia-Pacific; and has more than 13,000 employees. For more information
on The Shaw Group, please visit the Company's website at www.shawgrp.com.
CONTACT: The Shaw Group Inc., Baton Rouge
Christine Mollere, 225/932-2500
www.shawgrp.com
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