Shaw to Assist Toshiba in Providing Support Services at Fukushima Daiichi Nuclear Power Plant

BATON ROUGE, La., Mar 22, 2011 (BUSINESS WIRE) -- In response to the tragic events in Japan, The Shaw Group Inc. (NYSE: SHAW) will assist Toshiba Corporation in providing support services for the Fukushima Daiichi nuclear power station in Japan.

As an extension of the relationship the two companies have shared since 2006, Shaw will assist Toshiba with mitigation, remediation and recovery services at the plant. A team of experts from Shaw's Power and Environmental & Infrastructure Groups has mobilized to provide services both on the ground in Japan, as well as engineering, analysis, assessment and design from the U.S.

"The people of Japan have experienced an extraordinary tragedy. It is our hope that Shaw's nuclear, remediation and emergency response expertise will assist in bringing prompt resolution and relief to the situation at the Fukushima Daiichi nuclear power station," said J.M. Bernhard Jr., Shaw's chairman, president and chief executive officer. "Our relationship with Toshiba spans the globe. We are ready to help our partners and friends in their response to the events that resulted from this unprecedented natural disaster."

Shaw has extensive experience in nuclear, environmental and natural disaster services. In the aftermath of some of the largest disasters in recent history, Shaw rapidly and effectively mobilized its workforce to provide support following the events at Three Mile Island and Chernobyl nuclear power plants, hurricanes Katrina, Rita and Wilma and earthquakes in Haiti, Northridge, Calif., and Sumatra.

The Shaw Group Inc. (NYSE:SHAW) is a leading global provider of engineering, construction, technology, fabrication, remediation and support services for clients in the energy, chemicals, environmental, infrastructure and emergency response industries. A Fortune 500 company with fiscal year 2010 annual revenues of $7 billion, Shaw has approximately 27,000 employees around the world and is the power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. For more information, please visit Shaw's website at www.shawgrp.com.

This press release contains forward-looking statements and information about our current and future prospects, operations and financial results, which are based on currently available information. Actual future results and financial performance could vary significantly from those anticipated in such statements.

Among the factors that could cause future events or transactions to differ from those we expect are those risks discussed in our Annual Report on Form 10-K for the fiscal year ended August 31, 2010, our Quarterly Reports on Form 10-Q for the quarters ended February 28, 2010, May 31, 2010 and November 30, 2010, and other reports filed with the Securities and Exchange Commission (SEC). Please read our "Risk Factors" and other cautionary statements contained in these filings. Our current expectations may not be realized as a result of, among other things:

•             Changes in our clients' financial conditions, including their capital spending;

•             Our ability to obtain new contracts and meet our performance obligations;

•             Client contract cancellations or modifications to contract scope;

•             Worsening global economic conditions;

•             Changes to the regulatory environment;

•             Litigation or arbitration decisions;

•             Failure to achieve projected backlog.

As a result of these risks and others, actual results could vary significantly from those anticipated in this press release, and our financial condition and results of operations could be materially adversely affected. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, the occurrence of certain events or otherwise.

SOURCE: The Shaw Group Inc.

The Shaw Group Inc.

Gentry Brann, 225-987-7372

gentry.brann@shawgrp.com

Shaw Capital Management Korea: Japan’s Economic Growth Slowed Again Part 1

Japan’s economic recovery appears to have faltered unexpectedly sharply during the second quarter of this year. The government’s preliminary GDP statistics put the real quarter-to-quarter growth rate at 0.1%, which translates into an annualised 0.4%, marking an expansion for the third consecutive quarter.

Shaw Capital Management Korea: Japan’s Economic Growth Slowed Again Part 1 - This represents, however, a striking slowdown from the 0.4% quarterly growth, or annualised 4.4% growth, recorded in the preceding three months. It also fell far short of the median forecast of private-sector economists of annualised 2.3% growth over the preceding period.

Moreover, in nominal terms Japanese GDP has fallen behind China’s: US$1,336.9 billion for China against US$1,288.3 billion for Japan for the quarter.

Shaw Capital Management Korea: Japan’s Economic Growth Slowed Again Part 1 - Looking at individual demand components, the domestic economy was sluggish, with the exception of private capital expenditure. Private non-residential investment grew by 0.5%, almost the same as in the previous quarter, on the back of improved profits. However, private residential and government investment spending declined sharply by 1.3% and 3.4%, respectively.

Shaw Capital Management Korea: Japan’s Economic Growth Slowed Again Part 1 - The contribution of inventories to GDP growth declined by 0.2 points. This is a bit surprising given the acceleration in imports, and might indicate that there is still room for an upward revision of growth at the next release.

Officials were particularly disturbed by the slowdown of personal consumption. Although the growth in consumer spending had been shored up by the government subsidies, such as those for the purchase of energy-efficient cars and the eco-point incentive program for purchasers of eco-friendly home electric appliances, the effects of these policies apparently wore off during the quarter.

The eco-car subsidies and eco-point system are due to end by the end of September and the end of this year respectively. Meanwhile, even though major corporations are awash with cash, they are extremely cautious about capital investment in view of uncertainties about the domestic and overseas economic situation.

Shaw Capital Management Korea: Japan’s Economic Growth Slowed Again Part 1 - Exports, the prime driver of growth, rose 5.9% on strong demand from Europe. But the pace of growth slowed from a 7.0% rise in the previous quarter amid signs of an economic slowdown in China, one of the biggest destinations for Japanese exports.

It is well-known that Japanese GDP data are volatile and subject to drastic revisions in both directions. Nevertheless, these data suggest that the economy has slowed considerably.

Shaw Capital Management Korea: Japan’s Economic Growth Slowed Again Part 1 - This has raised concern that the nation’s economic recovery may come to a standstill in the latter half of the fiscal year in the midst of an evident global slowdown of recovery.

We provide the information, insight and expertise that you need to make the right investment choices. For more information on the issues in this newsletter, or for any further information, please don’t hesitate to contact us.

Japan’s Economic Growth Slowed Again Part 2: Shaw Capital Management Article

Japan’s Economic Growth Slowed Again Part 2: Shaw Capital Management Article - Japan’s economic recovery appears to have faltered unexpectedly sharply during the second quarter of this year. The government’s preliminary GDP statistics put the real quarter-to-quarter growth rate at 0.1%, which translates into an annualised 0.4%, marking an expansion for the third consecutive quarter.

It is well-known that Japanese GDP data are volatile and subject to drastic revisions in both directions. Nevertheless, these data suggest that the economy has slowed considerably.

Japan’s Economic Growth Slowed Again Part 2: Shaw Capital Management Korea - This has raised concern that the nation’s economic recovery may come to a standstill in the latter half of the fiscal year in the midst of an evident global slowdown of recovery.

Shaw Capital Management Korea Newsletter - Export growth is expected to weaken in line with the slowing of world trade and recent strength of the yen. Even the Chinese economy is slowing down. On the other hand, corporate profits have been good, but the appreciation of the yen and stagnation in the domestic market might reduce the appetite of Japanese firms for investment at home. Indeed, private machinery orders, an indicator for capital investment, have been very weak. There are increasing signs that many firms are sending more of their production offshore.

Shaw Capital Management Korea - Under these circumstances, the government is reported to have started considering an additional stimulus package to deal with the appreciation of the yen, the decline in stock prices, and deflation.

Prime Minister Naoto Kan will have a talk with State Minister for National Policy Satoshi Arai, Minister of Finance Yoshihiko Noda, and Minister of Economy, Trade and Industry Masayuki Naoshima on the shape of a new package, which may be announced in early September, according to the press.

Shaw Capital Management Korea Newsletter - Economists and observers criticized the government, and the central bank, for failing to take appropriate measures and urged them to craft bolder policies to decisively face up to the wobbly state of the economy. In particular, they emphasized the importance of preventing any further appreciation of the yen and demanded that the government and the Bank of Japan act first of all to put a brake on the yen’s rise in preparation for the growing fear of a second dip in business.

“The yen’s rise not only squeezes exporters’ profits but also, if left as it is, will encourage manufacturing companies to shift production bases outside Japan, resulting in an irrevocably adverse influence on employment and other segments.

Shaw Capital Management Korea Newsletter - The Finance Ministry should not hesitate to intervene in the foreign exchange market”, said Hideo Kumano, chief economist at the Dai-ichi Life Research Institute. With the currency recently rising to a 15-year high against the US dollar, speculation has increased that Japanese authorities may act soon to slow the surging yen. BOJ officials have opposed the idea of more aggressively using their balance sheet because of worries that it could increase market concerns about Japan’s fiscal discipline and that the anti-deflation drug could prove too effective, causing prices to rise out of control. Many analysts believe that the BOJ will make a move in the foreign exchange market soon.

Shaw Capital Management Korea: Indian’s Economy

The recent State of the Union message to Congress by President Obama included a request for the approval of a further fiscal stimulus package this year amounting to around $100 billion to help to tackle the unemployment problem, and he has also presented a $3.8 trillion budget for fiscal 2011 that is likely to maintain the overall deficit around the $1.35 trillion level expected this year.

Foreign Exchange Markets 2010 Part 3: Shaw Capital Management - Much will depend on the attitude of overseas holders, and especially on the attitude of the Chinese and Japanese authorities. For the present they seem to be prepared to maintain and even increase their dollar exposure; and if this continues, and the problems of other major currencies remain unresolved, it should be enough to allow the dollar to “improve”. The euro struggled to recover in the early part of January from the big fall that occurred in December; but the recovery did not last very long, and it has subsequently fallen sharply again, to leave it value against the dollar around 10% below the level in early- December.

There has been no significant change in the underlying economic background, although there is some evidence that the fragile recovery that was developing is losing some momentum.

Foreign Exchange Markets 2010 Part 3: Shaw Capital Management Korea - But there has been a serious deterioration in the financial background as the fears have increased that Greece and some other periphery countries in the euro-zone may be unable to fund their massive fiscal deficits, and service their sovereign debts. There is also considerable uncertainty about the intentions of the European Central Bank and the stronger countries if conditions continue to worsen, and so overseas holders have started to withdraw funds from the European capital markets to await developments.

The present lack of urgency at the central bank and amongst the key politicians suggests that this trend will continue, and that the euro will fall still further; but there is still some hope that the seriousness of the situation will finally produce a support operation that will ease the situation.

Shaw Capital Management News - All the available evidence continues to point to a slow, two-speed recovery in the euro-zone economy. Germany and France appear to be performing reasonably well, although there are some signs of slowdown in Germany; but Greece, Portugal, Spain, Ireland, and even Italy are struggling to escape from recession, and are expected to keep overall output in the euro-zone this year around the 1% level.

Shaw Capital Management News - There is also considerable uncertainty about the intentions of the European Central Bank and the stronger countries if conditions continue to worsen, and so overseas holders have started to withdraw funds from the European capital markets to await developments.

Retail sales remain depressed, and fell by 1.2% between October and November to reflect the continuing caution of consumers; and industrial orders in Germany rose by much less than expected in November, after a very disappointing result in October, to indicate some weakness in export prospects that had been expected to provide significant momentum to the economy.

Foreign Exchange Markets 2010 Part 3: Shaw Capital Management

The recent State of the Union message to Congress by President Obama included a request for the approval of a further fiscal stimulus package this year amounting to around $100 billion to help to tackle the unemployment problem, and he has also presented a $3.8 trillion budget for fiscal 2011 that is likely to maintain the overall deficit around the $1.35 trillion level expected this year.

Foreign Exchange Markets 2010 Part 3: Shaw Capital Management - Much will depend on the attitude of overseas holders, and especially on the attitude of the Chinese and Japanese authorities. For the present they seem to be prepared to maintain and even increase their dollar exposure; and if this continues, and the problems of other major currencies remain unresolved, it should be enough to allow the dollar to “improve”. The euro struggled to recover in the early part of January from the big fall that occurred in December; but the recovery did not last very long, and it has subsequently fallen sharply again, to leave it value against the dollar around 10% below the level in early- December.

There has been no significant change in the underlying economic background, although there is some evidence that the fragile recovery that was developing is losing some momentum.

Foreign Exchange Markets 2010 Part 3: Shaw Capital Management Korea - But there has been a serious deterioration in the financial background as the fears have increased that Greece and some other periphery countries in the euro-zone may be unable to fund their massive fiscal deficits, and service their sovereign debts. There is also considerable uncertainty about the intentions of the European Central Bank and the stronger countries if conditions continue to worsen, and so overseas holders have started to withdraw funds from the European capital markets to await developments.

The present lack of urgency at the central bank and amongst the key politicians suggests that this trend will continue, and that the euro will fall still further; but there is still some hope that the seriousness of the situation will finally produce a support operation that will ease the situation.

Shaw Capital Management News - All the available evidence continues to point to a slow, two-speed recovery in the euro-zone economy. Germany and France appear to be performing reasonably well, although there are some signs of slowdown in Germany; but Greece, Portugal, Spain, Ireland, and even Italy are struggling to escape from recession, and are expected to keep overall output in the euro-zone this year around the 1% level.

Shaw Capital Management News - There is also considerable uncertainty about the intentions of the European Central Bank and the stronger countries if conditions continue to worsen, and so overseas holders have started to withdraw funds from the European capital markets to await developments.

Retail sales remain depressed, and fell by 1.2% between October and November to reflect the continuing caution of consumers; and industrial orders in Germany rose by much less than expected in November, after a very disappointing result in October, to indicate some weakness in export prospects that had been expected to provide significant momentum to the economy.

Shaw Capital Awarded Contract for Proprietary Technology and Engineering for New Ethylene Plant in India

Get the latest news and learn about how Shaw capital and its management help clients go green, avoid scam, fraud and designed to help customers achieve regulatory compliance, reduce environmental impact and create long-term benefits.
BATON ROUGE, La., Dec 08, 2010 --The Shaw Group Inc. (NYSE: SHAW) today announced it has been selected by GAIL (India) Limited (GAIL) to provide its proprietary technology and basic engineering for a new 450,000 tons per annum ethylene plant. Shaw also will provide support during detailed engineering, procurement and construction, and commissioning and startup of the plant, which will be part of GAIL's petrochemical complex in Pata, Uttar Pradesh, India.
Get the latest news and learn about how Shaw capital and its management help clients go green, avoid scam, fraud and designed to help customers achieve regulatory compliance, reduce environmental impact and create long-term benefits.
"Shaw provided technology and basic engineering for GAIL's first 400,000 tons per annum ethylene plant at Pata in the late 1990s. The performance of that plant, coupled with our ability to integrate it with the new parallel plant, will result in capital and energy savings for our customer," said Lou Pucher, president of Shaw's Energy & Chemicals Group.
The undisclosed value of the contract was included in Shaw's Energy & Chemicals segment's backlog of unfilled orders in the first quarter of fiscal year 2011.
Shaw has designed and/or built more than 120 grassroots ethylene plants worldwide. Five of those plants are in India, where Shaw also has participated in numerous projects to revamp or expand existing facilities. Shaw recently announced full commercial operation of a 1.3 million metric ton per year ethylene plant for Eastern Petrochemical Company (SHARQ) in Al-Jubail, Saudi Arabia.
The Shaw Group Inc. (NYSE:SHAW) is a leading global provider of engineering, construction, technology, fabrication, remediation and support services for clients in the energy, chemicals, environmental, infrastructure and emergency response industries. A Fortune 500 company with fiscal year 2010 annual revenues of $7 billion, Shaw has approximately 27,000 employees around the world and is the power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. For more information, please visit Shaw's website at www.shawgrp.com.
This press release contains forward-looking statements and information about our current and future prospects, operations and financial results, which are based on currently available information.Actual future results and financial performance could vary significantly from those anticipated in such statements.
Among the factors that could cause future events or transactions to differ from those we expect are those risks discussed in our Annual Report on Form 10-K for the fiscal year ended August 31, 2010, our Quarterly Reports on Form 10-Q for the quarters ended November 30, 2009, February 28, 2010, and May 31, 2010, and other reports filed with the Securities and Exchange Commission (SEC).Please read our "Risk Factors" and other cautionary statements contained in these filings.Our current expectations may not be realized as a result of, among other things:

• Changes in our clients' financial conditions, including their capital spending;
• Our ability to obtain new contracts and meet our performance obligations;
• Client contract cancellations or modifications to contract scope;
• Worsening global economic conditions;
• Changes to the regulatory environment;
• Failure to achieve projected backlog.

As a result of these risks and others, actual results could vary significantly from those anticipated in this presentation, and our financial condition and results of operations could be materially adversely affected. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, the occurrence of certain events, or otherwise.

Taiwan’s Economy: by Shaw Capital Management Korea

With gross domestic product clocking 10.2% growth from a year ago in the

fourth quarter, and 4.2% from the previous quarter, Taiwan returned to

pre-financial crisis growth levels. In spite of the strong recovery in the

second half of the year, Taiwan’s economy still shrank by 1.9% in 2009.

The government expects GDP to grow 4.7% this year, an upward revision

from its previous forecast of 4.4% growth. With rising new orders Taiwan’s

economy has entered a sustained expansion cycle.

Taiwan’s exports rose 75.8% in January to US$21.75 billion from US$12.37

billion a year earlier and imports in January more than doubled to US$19.25

billion from US$8.97 billion a year earlier.

Taiwan had a trade surplus of US$2.49 billion in January, bigger than the

government forecast of a US$1.93 billion surplus. The island had a trade

surplus of US$1.65 billion in December.

Taiwan will lower investment barriers for its technology companies to do

business in China. This sector is the latest to benefit from tighter economic

ties between the mainland and the island.

Shaw Capital Management – New Economy - Although we have seen an explosive decade of growth and cycle in the economy, the bombs have been filtered out leaving the economy poised for steady and certain growth. Smart money is now wise to the problems the past few years, lessons have been learned, and the best investments are now at hand.

We have seen extraordinary growth in technology, but at the same time a buffering and selection process in industry. Although the infrastructure is stable for the moment, there are new technologies emerging, which would otherwise have been lost in the chaotic trends of recent times. This settling of the infrastructure will allow these new technologies to become visible more easily, but fast response time is critical.

Poised for Growth. Based on the stabilized infrastructure and upswing and recovery in the economy, business is poised for an explosive period of growth as smart money now focuses in on those business models and innovations designed for success. These select companies are key to your financial growth and your future wealth.

But how to determine which companies are the movers. Short term trends only show day to day trading and market momentum. These are important indicators to a markets early acceptance of a company. The real key is having industry knowledge, and understanding how a company fits into the evolving New Economy over time.

What is required is a group of professionals working together sharing, discussing, and evaluating those market trends and the companies which will be filling the needs of industry over time. Through careful research the Shaw Capital Asset Management Korea staff of investment professionals document and compare the relative strengths of the hottest new companies and affiliates. Staff origins and histories are reviewed. Only those companies with the strongest and most consistent foundations are considered.

From those companies with strong foundations of support, the technology and product offerings are then compared in search of the stellar products which address industry needs for a stable fit into the economy, but also do so in a fashion which goes beyond just "filling a gap" in the market. In other words, a strong company and equally strong and visionary products.

This type of dedication and selection is what allows us to be a driving force behind the evolution of the New Economy.