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Shawcor's pipe coating division received a contract worth about C$500 million from TGNH, the Mexican subsidiary of TC Energy, to apply concrete weight coating to about 706 km of pipe for the Southeast Gateway offshore gas pipeline in southeast Mexico. Coating is expected to begin in early 2023 and take about a year.
“Shawcor Ltd. ("Shawcor" or the "Company") today announced that its pipe coating division has received a formal contract valued at approximately C$500 million”globenewswire.com
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