The Shaw Group
Encyclopedia
The Shaw Group is a Fortune 500
corporation headquartered in Baton Rouge, Louisiana
. As of February 27, 2011, the company employed approximately 28,000 people all over the world with 7 billion dollar revenue in 2010. Its core competencies are Engineering, Procurement, and Construction, piping, energy, chemical, and fossil and nuclear power.
The company is split into the following divisions:
. The company has grown by 28,000 employees in 23 years.
The company is currently preparing to build a factory in Louisiana which will be one of only a few worldwide which can make a pressure vessel for a nuclear reactor. The only companies able to manufacture this item as of 2010 are one in Japan, two companies in China, and one in Russia. The steel pressure vessel
forgings contain the nuclear reactor core
. This factory will be a joint venture with General Electric and will be located in Lake Charles, Louisiana.
They work closely with federal, state, and local regulators to ensure safety and compliance in the handling, processing, treating, transporting, and disposal of these wastes.
On March 6, 2008, the Shaw Group was awarded a contract by the Air Force Center for Engineering and the Environment AFCEE)."Shaw has supported AFCEE for more than 15 years by providing a complete range of traditional and environmental design and construction services worldwide," said Ronald W. Oakley, president of Shaw's Environmental & Infrastructure Group.
In 2010 Shaw was ordered by The U.S. Nuclear Regulatory Commission to improve the way it responds to safety complaints from employees, following the firing of an employee who felt substandard protective paint coatings were being applied to critical parts of a nuclear plant's cooling systems.
As part of Shaw's work providing 24,000 FEMA trailers, the company was cited after explosions for failing to follow proper safety standards.
SGR. On August 21, 2009, the company took advantage of the recent change to allow the use of four letter ticker symbols on the NYSE to adopt the ticker symbol SHAW.
Fortune 500
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks the top 500 U.S. closely held and public corporations as ranked by their gross revenue after adjustments made by Fortune to exclude the impact of excise taxes companies collect. The list includes publicly and...
corporation headquartered in Baton Rouge, Louisiana
Louisiana
Louisiana is a state located in the southern region of the United States of America. Its capital is Baton Rouge and largest city is New Orleans. Louisiana is the only state in the U.S. with political subdivisions termed parishes, which are local governments equivalent to counties...
. As of February 27, 2011, the company employed approximately 28,000 people all over the world with 7 billion dollar revenue in 2010. Its core competencies are Engineering, Procurement, and Construction, piping, energy, chemical, and fossil and nuclear power.
The company is split into the following divisions:
- Power (which includes part of the former Stone & WebsterStone & WebsterStone & Webster is an American engineering services company based in Stoughton, Massachusetts. Stone & Webster was founded as an electrical testing lab and consulting firm by electrical engineers Charles Stone and Edwin Webster in 1889. It was acquired by The Shaw Group in 2000. The company...
) - Environmental & Infrastructure
- Maintenance
- Fabrication and Manufacturing
- Energy & Chemicals
Power
Shaw Power is divided into fossil and nuclear divisions, and includes the former Stone & Webster, Inc. Shaw's Power division provides global engineering, design, procurement, construction, and maintenance services to the energy industry.History
The group was founded in 1987 by J.M. Bernhard Jr., the Chairman and Chief Executive Officer, and two individuals as a fabrication shop. The company was originally known as Shaw Industries Inc. The company grew by acquiring stock of Alloy Piping Products, Fronek A/DE, Inc, Naptech, Inc., Pipe Shields Inc., United States Crafts, Inc., Merit Industrial Constructors, Inc., Cojafex B.V., Prospect Industries plc, joined with Entergy Corporation to create EntergyShaw L.L.C., Stone & Webster Inc., The IT Group, Inc., Envirogen, Inc., MWR, Inc., Badger Technologies from Washington Group International, and Energy Delivery Services from Duke Energy Global Markets, Inc. In 2006 the company acquired a 20% interest in the Westinghouse Electric CompanyWestinghouse Electric Company
Westinghouse Electric Company LLC is a nuclear power company, offering a wide range of nuclear products and services to utilities throughout the world, including nuclear fuel, service and maintenance, instrumentation and control and advanced nuclear plant designs...
. The company has grown by 28,000 employees in 23 years.
The company is currently preparing to build a factory in Louisiana which will be one of only a few worldwide which can make a pressure vessel for a nuclear reactor. The only companies able to manufacture this item as of 2010 are one in Japan, two companies in China, and one in Russia. The steel pressure vessel
Pressure vessel
A pressure vessel is a closed container designed to hold gases or liquids at a pressure substantially different from the ambient pressure.The pressure differential is dangerous and many fatal accidents have occurred in the history of their development and operation. Consequently, their design,...
forgings contain the nuclear reactor core
Nuclear reactor core
A nuclear reactor core is the portion of a nuclear reactor containing the nuclear fuel components where the nuclear reactions take place.- Description :...
. This factory will be a joint venture with General Electric and will be located in Lake Charles, Louisiana.
Environmental record
Shaw has over 30 years of experience in managing wastes of all types, including radioactive, mixed, hazardous, and sanitary.They work closely with federal, state, and local regulators to ensure safety and compliance in the handling, processing, treating, transporting, and disposal of these wastes.
On March 6, 2008, the Shaw Group was awarded a contract by the Air Force Center for Engineering and the Environment AFCEE)."Shaw has supported AFCEE for more than 15 years by providing a complete range of traditional and environmental design and construction services worldwide," said Ronald W. Oakley, president of Shaw's Environmental & Infrastructure Group.
In 2010 Shaw was ordered by The U.S. Nuclear Regulatory Commission to improve the way it responds to safety complaints from employees, following the firing of an employee who felt substandard protective paint coatings were being applied to critical parts of a nuclear plant's cooling systems.
Hurricane Katrina contracts
After Katrina hit, the Shaw group hired the former head of the Projects and Contracting Office in Baghdad, Charles Hess, who also had experience working at FEMA and the Army Corps of Engineers. Shaw was also one of several companies who won contracts from FEMA who are represented by former FEMA head, Joe Allbaugh.As part of Shaw's work providing 24,000 FEMA trailers, the company was cited after explosions for failing to follow proper safety standards.
Ticker symbol
The Shaw Group formerly had the three letter ticker symbolTicker symbol
A stock symbol or ticker symbol is a short abbreviation used to uniquely identify publicly traded shares of a particular stock on a particular stock market. A stock symbol may consist of letters, numbers or a combination of both. "Ticker symbol" refers to the symbols that were printed on the ticker...
SGR. On August 21, 2009, the company took advantage of the recent change to allow the use of four letter ticker symbols on the NYSE to adopt the ticker symbol SHAW.
See also
- FERISTSAFERISTSAFERISTSA was the name of a proposed USD $3 billion privately owned commercial railroad going from the Panama Canal Railway Company through the entire length of Central America, linking with Mexico's rail system at the Guatemala border, and thus to the United States of America.- Description :The...
- Political effects of Hurricane KatrinaPolitical effects of Hurricane KatrinaCommentators have discussed the likely effects of the disaster on a wide range of political issues.-Political controversies and electoral consequences:Political disputes have arisen over several issues:-Issues relating to the cause of the damage to New Orleans:...
- Shaw Center for the ArtsShaw Center for the ArtsThe Shaw Center for the Arts is a 125,000 square foot performing art venue, fine arts museum, and education center located at 100 Lafayette Street in downtown Baton Rouge, Louisiana. It opened in 2005...