BATON ROUGE, La., Mar 29, 2005 (BUSINESS WIRE) -- The Shaw Group Inc. (NYSE:SGR) today announced that its
subsidiary, Shaw Constructors, 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 completed at the Duke Energy (NYSE: DUK) Marshall Plant,
located in Charlotte, North Carolina.
J.M. Bernhard, Jr., Shaw's Chairman and Chief Executive Officer,
stated, "Receiving the STAR Award at the Duke Energy site again
demonstrates our commitment to safety. This is Shaw's ninth site to be
recognized in the past two years and I am very proud of all the
members of the project team and their dedication to the safety and
success of this project."
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 order to qualify for the prestigious
STAR award, Shaw's Duke Energy Marshall Plant site had to successfully
pass a rigorous onsite evaluation by a team of OSHA safety and health
professionals. STAR is the highest award accredited by OSHA.
Shaw has received eleven STAR awards in total and currently has
nine STAR sites including the Duke Marshall Plant and Elementis
Chromium-Carolina STAR, both in North Carolina; six Oxy Vinyl Houston
Complex STAR sites in Texas; and one STAR site at Air Products' plant
located in Pace, Florida.
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 18,000 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.
Chris D. Sammons