BATON ROUGE, La., Dec 16, 2004 (BUSINESS WIRE) -- The Shaw Group
Inc. (NYSE: SGR) today announced that its subsidiary, Shaw
Maintenance, Inc., has been recognized by the U.S. Department of
Labor's Occupational Safety & Health Administration (OSHA) as a STAR
site in the OSHA Voluntary Protection Program (VPP) for work done at
the Air Products Escambia Plant, located in Pace, Florida.
J.M. Bernhard, Jr., Shaw's Chairman and Chief Executive Officer
stated, "We are extremely proud on being named to STAR status at the
Air Products Escambia site. We believe that our overall commitment to
health and safety and the outstanding dedication of every employee
working at the site is fundamental to our success as a company."
OSHA's Voluntary Protection Program was established to promote
effective worksite health and safety. OSHA sets performance-based
criteria for qualified health and safety programs and invites sites to
apply for VPP status. A company's approval into VPP is OSHA's official
recognition of the company's outstanding accomplishments toward its
health and safety programs. In addition, Shaw's Air Products Escambia
maintenance jobsite underwent a four-day audit which included employee
interviews, as well as a rigorous onsite evaluation by a team of OSHA
experts before being named a STAR site, the highest level of VPP
The Shaw Group currently has eight STAR worksites that participate
in the Voluntary Protection Program. In addition to the Air Products,
Pace, Florida site, Shaw has six Oxy Vinyls' STAR sites in Texas and
one STAR site in North Carolina at Elementis Chromium-Carolina Star.
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 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.
SOURCE: The Shaw Group Inc.
The Shaw Group Inc., Baton Rouge
Chris D. Sammons, 225-932-2546