Shaw’s History

http://www.shawgrp.com/about/history

Shaw has experienced tremendous growth since it was founded in 1986 by Chairman, President and CEO J.M. Bernhard Jr. and two colleagues. Discover how a company that first specialized in pipe fabrication has become one of the world’s leading providers of engineering, construction, technology, fabrication, remediation and support services.

1986

The company is originally formed in 1986 under the name National Fabricators Inc. In 1987, National Fabricators Inc. changes its name to Shaw Industries Inc. Shortly thereafter it acquires certain assets of B.F. Shaw Inc., a Laurens, S.C., company.

1993

Shaw Industries and Abdulla Ahmed Nass (a Bahrainian entity) form Shaw Nass Middle East W.L.L. to operate a 60,000-square-foot fabrication facility in Bahrain to service the Middle East.

Shaw Industries, through a wholly owned subsidiary, and Formiconi C.A. form Shaw-Formiconi C.A. (now known as Manufacturas Shaw South America C.A.) to operate a 50,000-square-foot fabrication facility in Maracaibo, Venezuela, to service South and Latin America.

Shaw Industries acquires Shaw Sunland Fabricators Inc., a Louisiana pipe fabrication company, with a capability of 4,000 to 6,000 spools per month. This acquisition brings Shaw Industries employment to approximately 1,900 employees.

Shaw Industries changes its name to The Shaw Group Inc. (Shaw) and conducts an initial public stock offering of 3,125,000 shares at $14.50 per share. The common stock is first listed on the NASDAQ National Market.

Jim Bernhard, then president and CEO, is elected chairman of the Board of Directors.

1994

Shaw acquires Fronek Co. Inc. and F.C.I. Pipe Support Sales Inc.

1996

Shaw acquires Word Industries Fabricators Inc.

Shaw acquires stock of Alloy Piping Products Inc., a Louisiana manufacturer of carbon steel, alloy and stainless steel pipe fittings and other pipe products.

Shaw acquires the snubber and hydraulic restraints manufacturing business from Fronek A/DE Inc.

Shaw acquires Naptech Inc., a fabricator of industrial piping systems and engineered piping modules.

Shaw acquires stock of Pipe Shields Inc., a California manufacturer of pre-insulated pipe hanger supports.

1997

Shaw acquires two industrial constructors and project maintenance businesses, United Crafts Inc. (UCI) and Merit Industrial Constructors Inc.

Shaw acquires Cojafex B.V. of Rotterdam, Holland.

Shaw acquires Prospect Industries plc, which consists of Aiton Power Corp. (U.K. and Australia), Dunn Constructors, and C.B.P. Engineering Corp. Shaw added the previously acquired contractor PED to this group to form Shaw UK.

Shaw acquires Lancas C.A. (Lancas), a construction company in Punto Fijo, Venezuela.

2000

Shaw joins with Entergy Corp. to create EntergyShaw L.L.C., a new equally owned and jointly managed company to construct power plants in North America and Europe for Entergy’s unregulated wholesale operations.

Shaw acquires substantially all of the assets and certain liabilities of Stone & Webster Inc., a 110-year-old engineering and construction company, bringing the total number of employees to more than 12,000.

Shaw’s Board of Directors authorizes a two-for-one stock split of common stock.

2001

Shaw breaks ground on a new 350,000-square-foot worldwide headquarters in Baton Rouge, La.

Jim Bernhard, Shaw’s chairman, president and CEO, is recognized by Ernst & Young as Manufacturing Entrepreneur of the Year.

2002

Shaw acquires substantially all of the assets and certain liabilities of The IT Group Inc., bringing Shaw’s total number of employees to 18,000.

Shaw opens a new pipe fabrication facility in China.

2003

Shaw acquires stock of Envirogen Inc. and its wholly owned subsidiary, MWR Inc.

Shaw debuts on Fortune magazine’s Fortune 500 list at No. 479 with $3.2 billion in revenue for 2002.

Shaw acquires assets of Badger/P&C business from Washington Group International Inc.

Shaw acquires stock of Energy Delivery Services from Duke Energy Global Markets Inc.

2004

Shaw is named to Fortune magazine’s Fortune 500 list for the second consecutive year and also debuted on the magazine’s list of "America’s Most Admired Companies."

2005

Shaw is named as one of "America’s Most Admired Companies" by Fortune magazine for the second consecutive year.

Shaw joins Westinghouse in the AP1000® Consortium as architect engineer.

Hurricane Katrina strikes the Gulf Coast region. A leader in emergency hurricane response work, Shaw is called upon to provide a broad range of services including power restoration, emergency provisions, housing and temporary roof repairs.

Shaw and its Louisiana-based subcontractors pump the floodwaters from New Orleans in 17 days. The experts predicted it would take three months.

2006

Shaw increases its credit facility to $750 million.

Shaw and its employees announce a total cash contribution of $1 million to hurricane relief and recovery efforts.

Shaw acquires maritime engineering and design firm Gottlieb, Barnett & Bridges (GBB).

Shaw reports record revenues of $4.8 billion and record backlog of $9.1 billion for fiscal 2006 and ends the fiscal year with more than 22,000 employees.

Shaw acquires a 20 percent ownership position in Westinghouse Electric Co., the world’s premier provider of power generating technology, equipment, licensing expertise, fuel and services for nuclear plants.

The People’s Republic of China’s State Nuclear Power Technology Co. (SNPTC) selects the Westinghouse/Shaw Consortium and Westinghouse’s AP1000 passive Generation III+ technology as the basis for four new nuclear power plants to be constructed in China.

2007

Shaw booked nearly $11 billion in new awards during fiscal year 2007, and its backlog of unfilled orders at Aug. 31, 2007, rose to a record $14.3 billion. Year-end revenues were $5.7 billion.

Shaw is named "Contractor of the Year" by Associated Builders and Contractors Association.

Shaw names Charlotte, N.C., as headquarters for its Power Group.

Shaw is awarded contracts for four major clean coal electric generating facilities for clients AEP, Dominion, Duke and Entergy.

Westinghouse and Shaw sign historic definitive contracts to provide four AP1000 nuclear power plants in China.

Shaw is awarded a maintenance and modifications services contract for Exelon Generation Co. LLC’s fleet of 17 nuclear stations, the largest nuclear fleet in the U.S.

Shaw increases its pipe fabrication and manufacturing volume capacity with the acquisitions of Mid States Pipe Fabrication, Inc. and Ezeflow (NJ) Inc. (TUBE-LINE), the reopening of its Tulsa, Okla., pipe fabrication facility, the expansion of its Sunland facility and the development of a new fabrication facility in Mexico.

Shaw is awarded a contract to provide technology, design, engineering, procurement and construction for ExxonMobil Chemical’s 1,000,000 tons-per-year olefins recovery facility and 220-megawatt power cogeneration unit in Singapore.

Shaw Capital Inc. is formed to identify, develop and execute proposed investments, including acquisitions of operating assets, expansions and retrofitting of existing facilities, new constructions and project development.

Shaw completes the Comprehensive Master Plan for Coastal Restoration and Hurricane Protection for the Louisiana Department of Natural Resources and is chosen by the South Florida Water Management District to provide comprehensive engineering services as part of the continued efforts to restore the Everglades.

Shaw is awarded a contract to perform engineering, procurement and construction management services for a 2,000 metric ton-per-year polysilicon manufacturing plant.

2008

Shaw opens a new office in Shanghai, China, to support the rapidly growing Chinese nuclear power industry, which includes Shaw’s ongoing work at plants in Sanmen and Haiyang.

Shaw begins project management, design and construction of the Inner Harbor Navigation Canal (IHNC) Surge Barrier project, the largest design-build project ever awarded by the U.S. Army Corps of Engineers.

Shaw and Westinghouse sign historic contracts to build the first new commercial nuclear plants in the U.S. in more than 30 years. The team is awarded an engineering, procurement and construction contract by Georgia Power Co., a subsidiary of Southern Company, for two Westinghouse AP1000 nuclear power units and related facilities. The team also is awarded an engineering, procurement and construction contract by South Carolina Electric & Gas Co., principal subsidiary of SCANA Corp., and the South Carolina Public Service Authority (Santee Cooper) for two Westinghouse AP1000 nuclear power units.

Cash flow generation, sizable cash balance and favorable end markets result in an upgrade to Shaw’s credit ratings by Standard & Poor’s Ratings Services.

Shaw opens a new fabrication facility in Matamoros, Mexico, significantly increasing pipe fabrication capacity.

Shaw AREVA MOX Services LLC signs a final construction contract for the Department of Energy’s Mixed Oxide (MOX) Fuel Fabrication Facility in Aiken, S.C., where surplus weapons-grade plutonium is set to be transformed into nuclear fuel.

2009

Shaw and Westinghouse are awarded an engineering, procurement and construction contract by Progress Energy Florida Inc., a subsidiary of Progress Energy, for two Westinghouse AP1000 nuclear power units in Levy Country, Fla.

Shaw opens a new office in Abu Dhabi, United Arab Emirates, to support its increasing activity throughout the Middle East.

Shaw and Westinghouse receive full notice to proceed from Southern Nuclear on its engineering, procurement and construction contract for two Westinghouse AP1000 nuclear power units near Augusta, Ga.

Shaw and Westinghouse, along with China’s State Nuclear Power Technology Corp. (SNPTC), reach milestones at the Sanmen nuclear power plant project in China, successfully completing placement of first nuclear concrete and also of the first major structural module.

Shaw and China’s SNPTC sign a strategic cooperation agreement, allowing both companies to issue tasks to support each other in China’s growing nuclear infrastructure business. SNPTC announced plans to build at least 30 new nuclear power plants in China by 2020.

Shaw changes its stock ticker symbol on the New York Stock Exchange from "SGR" to "SHAW" to better identify the company’s name with its stock.

The Shaw Group reaches record revenues of $7.3 billion for fiscal 2009.

Shaw completes an air quality control retrofit program for a fleet of three clean coal-fired power plants in Maryland for Mirant Mid-Atlantic, modernizing seven units.

2010

Shaw successfully completes an air quality control retrofit project for PPL Generation at its Brunner Island clean coal-fired power plant in Pennsylvania.

Shaw achieves substantial completion of a new, 660-MW circulating fluidized bed petcoke-fired power plant for Cleco Power LLC in Louisiana after being awarded the engineering, procurement and construction contract in 2005.

Shaw CEO, Chairman and President J.M. Bernhard Jr. participates in President Barack Obama’s announcement of the first conditional federal loan guarantee for new nuclear plant construction. Southern Company was awarded the guarantee for Vogtle Electric Generating Plant in Georgia, where Shaw is building two AP1000 commercial nuclear units.

For the third consecutive year, Shaw was named the power sector industry leader, according to Engineering News-Record’s list of Top 500 Design Firms.

2011

Shaw assumes full ownership of a joint venture with engineering company Rolta India Limited, advancing a strategic growth plan for the region.

Shaw acquires Florida-based Coastal Planning & Engineering Inc., expanding its coastal services spectrum and adding its first Brazil office to its global portfolio.

Teams from Shaw dispatch to Japan after an earthquake and tsunami to provide mitigation, remediation and recovery services at the Fukushima Daiichi nuclear power station.

Shaw’s IHNC Surge Barrier project helps the U.S. Army Corps of Engineers reach 100-year storm protection on May 31, 2011, just before the start of hurricane season.