BATON ROUGE, La.--(BUSINESS WIRE)--June 11, 2004--The Shaw Group
Inc. (NYSE:SGR) today announced that it has recently been recognized
by the National Petrochemical and Refineries Association (NPRA) for
outstanding safety records at two of its projects, based on 2003
performance covering over 500,000 hours worked. The Shaw Group also
announced that it has been recognized for its outstanding safety
programs by the Occupation Safety and Health Administration (OSHA) and
the Royal Society for the Prevention of Accident (RoSPA).
The Shaw Group's Stone & Webster Construction, Inc. unit
performing general maintenance services at the Catlettsburg, Kentucky
Refinery owned by Marathon Ashland Petroleum LLC received the NPRA
Meritorious Safety Performance award covering 322,000 hours worked in
2003. The Shaw Group's Shaw Constructors, Inc. unit performing general
maintenance services at Placid Refining Company LLC's Port Allen,
Louisiana Refinery also received the NPRA Meritorious Safety
Performance award covering 210,000 hours worked in 2003. The
Meritorious Safety Performance award is presented to facilities
operated by NPRA member companies for achieving a total recordable
incident rate significantly below the industry average.
NPRA President Bob Slaughter said, "Now in its 22nd year, NPRA's
Safety Awards Program recognizes those facilities that for the past
year have achieved the highest possible safety standards in their
daily operations and in their products and services. These awards
really honor the men and women who are on the front lines of
operations at the nation's refineries and petrochemical facilities.
They are everyday heroes who understand that superior safety
performance and environmental compliance are critical not only to
business success but to safeguarding the communities where they
operate and the nation."
On June 4, 2004, OSHA notified The Shaw Group's Shaw Global Energy
Services, Inc. unit of Voluntary Protection Program (VPP)
certifications at six operating sites, manned by over 600 workers. VPP
certification signifies effective worksite-based safety and health
programs, in which management, labor, and OSHA have established
cooperative relationships and implemented a comprehensive safety and
health management system. The VPP designation is OSHA's official
recognition of exemplary occupational safety and health programs. The
VPP certifications were made to Shaw Global Energy Service units at
the following sites: OxyVinyls, Battleground C/A and Pasadena PVC
(both in Pasadena, Texas); Deer Park Caustic, Deer Park PVC, Deer Park
VCM, and LaPorte VCM (all in Deer Park, Texas).
The Shaw Group also announced that its Stone & Webster Limited and
Shaw Group UK Limited units received RoSPA's prestigious Gold Medal
Award for demonstrating continued safety performance improvement. The
award recognizes companies that have not only reduced the incidence of
accidents and illness in the workplace, but have also established
outstanding programs to ensure that good health and safety management
systems are in place, clearly demonstrating the organization's
commitment to high standards of health and safety.
RoSPA is a registered charity in the United Kingdom established
over 80 years ago. RoSPA provides information, advice, resources and
training for the promotion of safety in all areas of life - at work,
in the home, and the road, in schools, at leisure, and on or near
water.
Tim Barfield, President and Chief Operating Officer, said, "Shaw
is firmly committed to operating all of its facilities and projects in
a safe, efficient manner and in compliance with all applicable safety,
health and environmental regulations. The achievement of these awards
and the recognition of our safety programs as outstanding are a result
of our emphasis on safety as a top priority. These achievements make
us all extremely proud to be a part of The Shaw Group and are
fundamental for the success of our business.
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 power,
process, environmental, infrastructure and emergency response markets.
A Fortune 500 company, The Shaw Group is headquartered in Baton Rouge,
Louisiana and employs approximately 17,000 people at its offices and
operations in North America, South America, Europe, the Middle East
and the Asia-Pacific region.
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 website 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 website at www.shawgrp.com.
CONTACT: The Shaw Group Inc., Baton Rouge
Chris D. Sammons, 225-932-2500
SOURCE: The Shaw Group Inc.
