BATON ROUGE, La.--(BUSINESS WIRE)--June 25, 2004--The Shaw Group
Inc. (NYSE:SGR) has been awarded a contract to provide mechanical
maintenance and turnaround services at Syngenta's St. Gabriel,
Louisiana plant site, which specializes in the production of
herbicides and pesticides used in the agriculture industry. Shaw will
initially supply approximately 180 direct maintenance personnel
providing a full range of maintenance services including capital
maintenance and improvements, construction services, management and
execution of turnarounds and outages, planning and scheduling, and
specialty services including insulation, painting and scaffolding.
Fred McManus, Vice President of Shaw's Maintenance Division said,
"We are extremely proud of the confidence Syngenta has shown in us by
awarding this contract. We believe that our customer focus, safety
performance, responsiveness, reliability and capacity centered
maintenance programs are what attracted Syngenta to Shaw. We look
forward to a long and mutually beneficial relationship."
Ed Mayer, Syngenta's Director of Engineering, said, "Syngenta
expects that Shaw will provide the leadership necessary to achieve
significant improvements in safety and productivity in the maintenance
and construction activities at our St. Gabriel Plant."
Ron McCall, President of Shaw's Maintenance Division, added, "We
are working hard to establish Shaw Maintenance as the industry's
preferred provider of customer focused, capacity enhancement
solutions. The Syngenta award is an exciting opportunity and further
illustrates our aggressive growth in this industry. We look forward to
working with Syngenta and to expanding Shaw's relationship with their
organization going forward."
Shaw Maintenance is one of the fastest growing contract
maintenance providers in the United States, serving the petrochemical,
refining, fossil power, and nuclear power industries. Shaw Maintenance
provides maintenance, turnaround/outage, specialty services, capital
project, reliability, and engineering services for nearly 50 major
customers at 135 sites around the world.
Syngenta is a world-leading agribusiness company committed to
sustainable agriculture through innovative research and technology.
The company is a leader in crop protection and ranks third in the
high-value commercial seeds market. Sales in 2003 were approximately
$6.6 billion. Syngenta employs more than 19,000 people in over 90
countries. Syngenta is listed on the Swiss stock exchange (SYNN) and
the New York Stock Exchange (SYT). Further information is available at
www.syngenta.com.
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. For further information, please visit the
Company's website at www.shawgrp.com.
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 Statement". 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, 225-932-2546
SOURCE: The Shaw Group Inc.
