Bullboard - Stock Discussion Forum Mattr Corp T.MATR

Alternate Symbol(s): MTTRF

Mattr Corp., formerly Shawcor Ltd., is a global material technology company serving critical infrastructure markets, including electrification, transportation, communication, water management and energy. The Company operates through a network of fixed and mobile manufacturing and service facilities. The Company operates through two business segments: Composite Technologies and Connection... see more

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Mattr Corp > Shawcor Receives Contract

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Post by Betteryear2 on Feb 18, 2022 7:50am

Shawcor Receives Contract

TORONTO, Feb. 18, 2022 (GLOBE NEWSWIRE) -- Shawcor Ltd. (“Shawcor” or the “Company”) (TSX: SCL) today announced that its pipe coating division has been awarded a three year contract with Vallourec S.A. to apply the unique LotusFlo® technology to offshore downhole production tubulars designed for the Buzios oilfields. The Buzios oilfields are located off the coast of Brazil and operated by Petrleo Brasileiro S.A. (“Petrobras”). With this award, Shawcor will increase its total current orders for this technology, including additional orders in the Gulf of Mexico market, to a range of C$18M-C$25M. The work will be executed out of Shawcor’s Channelview facility and is expected to commence in the fourth quarter of 2022, continuing over a multi-year period on an as-needed basis.

Shawcor Receives Contract for Application of Unique LotusFlo® Scale, Asphaltene and Wax Reduction Technology

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