reports
Mattr Receives Over $27 Million in International Purchase Orders for F...
Mattr Receives Over $27 Million in International Purchase Orders for Flexpipe TORONTO, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that its Flexpipe business has been awarded two purchase orders (“POs”), one in the Middle East and one in India, for its composite, spoolable pipe. In combination, the POs are valued at over $27 million, and are expected to be delivered in the first half of 2024. “The magnitude of these orders highlights the growing demand for our products in international markets, particularly wh...
Mattr Receives Purchase Order Over $50 Million for Brazilian Pipe Coat...
Mattr Receives Purchase Order Over $50 Million for Brazilian Pipe Coating Project TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today its Brazilian pipe coating facility has received a purchase order for the provision of thermal insulation coating for an offshore project in Brazil. The purchase order is valued over $50 million and will be executed from the Company’s Serra, Brazil facility in the first half of 2026. “While it is unlikely we will own the Brazilian facility while this project is underway, this...
Mattr Announces Investor Presentation to Outline Company Vision
Mattr Announces Investor Presentation to Outline Company Vision TORONTO, Dec. 11, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today the publication of its updated Investor Presentation. Mattr will be hosting an Investor Day at 12:45pm ET in Toronto, where management will discuss the Company’s vision. A live webcast of the event will be available on its Investor Centre at . Participants will need to register in advance of the event to participate. A replay of the event will be available on the Company’s Investor Centre shortl...
Mattr Finalizes Pipe Coating Business Sale
Mattr Finalizes Pipe Coating Business Sale TORONTO, Nov. 30, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it has completed the previously-announced sale of its pipe coating business (“Pipeline Performance Group” or “PPG”) to Tenaris S.A. (“Tenaris”) (NYSE and Mexico: TS and EXM Italy: TEN). The Company has received total proceeds of US$182.6 million, including estimated working capital and US$16.9 million in cash, for effective proceeds of US$165.7 million (or approximately CDN$225 million). “With this important ...
Mattr Announces Regulatory Approval and Expected Closing Date for Pipe...
Mattr Announces Regulatory Approval and Expected Closing Date for Pipe Coating Business Sale TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that Norwegian and Mexican antitrust approvals have been issued for the sale of the majority of its pipe coating business (“Pipeline Performance Group” or “PPG”) to Tenaris S.A. (“Tenaris”) (NYSE and Mexico: TS and EXM Italy: TEN) announced through the Company’s press release dated August 14, 2023. Accordingly, all required regulatory approvals for the transaction hav...
Kevin Nugent Appointed Mattr Board Chair
Kevin Nugent Appointed Mattr Board Chair TORONTO, Nov. 24, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that Derek Blackwood has decided to retire after 14 years of service as an independent director, including 3 years as board chair, and will not seek re-election at the Company’s 2024 Annual General Meeting. The Company’s board of directors have unanimously selected Kevin Nugent as Mattr’s new board chair. Mr. Nugent will assume this role effective December 1, 2023 and Mr. Blackwood will remain as a director of the Comp...
Mattr Announces Third Quarter 2023 Results
Mattr Announces Third Quarter 2023 Results TORONTO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) reported today its operational and financial results for the three and nine months ended September 30, 2023. This press release should be read in conjunction with the Company’s Management Discussion and Analysis (“MD&A”) and interim consolidated financial statements for the three and nine months ended September 30, 2023, which are available on the Company’s website and at Highlights from the third quarter include1: The Company en...
Mattr Announces Conference Call/Webcast to Discuss Third Quarter 2023 ...
Mattr Announces Conference Call/Webcast to Discuss Third Quarter 2023 Results Tuesday, November 14th, 2023 at 9:00am ET TORONTO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it expects to report its financial results for the period ended September 30th, 2023 on Monday, November 13th, 2023 after the market closes for trading on the TSX. A conference call/webcast to discuss these results will be held on Tuesday, November 14th, 2023 at 9:00am ET. Mattr will use a presentation to accompany its conference call....
Mattr Included in 2023 TSX30
Mattr Included in 2023 TSX30 TORONTO, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it has been included in the TSX30 for 2023. The Company ranked seventh on the list of top 30 performing stocks on the Toronto Stock Exchange, with a dividend-adjusted share price appreciation of 607% over the course of the last 3 years, which correlates to a 599% increase, or $1.14 billion increase in market capitalization over the same time period. "We are honored to be recognized by the TSX. Accomplishing this important m...
Mattr Releases 2022 Environmental, Social, and Governance Report
Mattr Releases 2022 Environmental, Social, and Governance Report TORONTO, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today the publication of its 2022 Environmental, Social and Governance (“ESG”) report. The report can be found on the Company’s website at . Mattr released its long-term ESG oriented ambitions in 2020, which included: A 50% reduction in Scope 1&2 GHG Emissions from its 2019 baseline by 2030A 20 percentage point increase in diverse representation within the senior management team from its 2019 basel...
Mattr Announces Inclusion in the S&P/TSX Composite Index
Mattr Announces Inclusion in the S&P/TSX Composite Index TORONTO, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that its common shares will be added to the S&P/TSX Composite Index, effective prior to market open on Monday, September 18, 2023. The S&P/TSX Composite Index is the headline index and principal benchmark for Canadian equity markets. “Inclusion in the S&P/TSX Composite Index is an important milestone that would not have been possible without the hard work and dedication of our employees around the wor...
Mattr Signs Definitive Agreement to Sell a Substantial Part of Its Pip...
Mattr Signs Definitive Agreement to Sell a Substantial Part of Its Pipeline and Pipe Services Segment to Tenaris for Approximately $220 Million CAD TORONTO, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it has entered into a definitive agreement to sell a substantial part of its pipe coating division (“Pipeline Performance Group” or “PPG”) to Tenaris S.A. (“Tenaris”) (NYSE and Mexico: TS and EXM Italy: TEN), including its wholly owned operations in Canada, the US, Mexico, Norway, the UAE and Indonesia, sever...
Mattr Announces Second Quarter 2023 Results
Mattr Announces Second Quarter 2023 Results TORONTO, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) reported today its operational and financial results for the three and six months ended June 30, 2023. This press release should be read in conjunction with the Company’s Management Discussion and Analysis (MD&A) and interim consolidated financial statements for the three and six months ended June 30, 2023, which are available on the Company’s website and at Highlights from the second quarter include1: On a consolidated basis, r...
Mattr to Host Investor Day in Toronto on December 11th 2023
Mattr to Host Investor Day in Toronto on December 11th 2023 TORONTO, July 18, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it intends to host an investor day on Monday, December 11th, 2023 in downtown Toronto. In addition, the Company will offer an optional tour of its Rexdale facility on December 12th, 2023. The event will include presentations from Mike Reeves, President and CEO and Tom Holloway, CFO, as well as business leaders from Canada, the United States and Europe. More details will be released on the Comp...
Mattr Announces Conference Call/Webcast to Discuss Second Quarter 2023...
Mattr Announces Conference Call/Webcast to Discuss Second Quarter 2023 Results Friday, August 11th, 2023 at 9:00am ET TORONTO, July 13, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it expects to report its financial results for the period ended June 30th, 2023 on Thursday, August 10th, 2023 after the market closes for trading on the TSX. A conference call/webcast to discuss these results will be held on Friday, August 11th, 2023 at 9:00am ET. Mattr will use a presentation to accompany its conference call. The prese...
Mattr Invests in New Canadian and US Connection Technologies Facilitie...
Mattr Invests in New Canadian and US Connection Technologies Facilities, Replacing Existing Site While Enhancing Production Capacity and Efficiency TORONTO, June 29, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR) announced today that it will expand and enhance its Connection Technologies (formerly Automotive and Industrial) segment production capabilities in the US and Canada, with commitments for two new operating facilities which, in combination, will replace its existing Greater Toronto Area (“GTA”) manufacturing site that was sold and...
Shawcor Ltd., dba Mattr Infratech Announces the Early Renewal and Expa...
Shawcor Ltd., dba Mattr Infratech Announces the Early Renewal and Expansion of Its Normal Course Issuer Bid TORONTO, June 26, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd., dba Mattr Infratech (“Mattr” or the “Company”) (TSX: MATR), today announced that it has terminated its existing normal course issuer bid (the “Existing Bid”), which commenced on September 26, 2022 and had an expiry date of September 25, 2023, and the Toronto Stock Exchange (the “TSX”) has approved the Company’s notice of intention to renew its normal course issuer bid (the “New Bid”) for common shares of the Company (the “Comm...
Shawcor Rebrands to Mattr, a Materials Technology Company Serving Crit...
Shawcor Rebrands to Mattr, a Materials Technology Company Serving Critical Infrastructure Markets Globally TORONTO, June 07, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd. (TSX: SCL) today announced that it has rebranded to Mattr (legal name: Shawcor Ltd., dba Mattr Infratech) herein referred to as “Mattr” or the “Company”, reflecting its transformation from an energy services organization, into a materials technology company, providing differentiated, high-performance products to critical infrastructure markets around the world. Effective today, trading of Mattr’s common stock on the Toronto Stoc...
Shawcor Sells Its Shaw Pipeline Services Business
Shawcor Sells Its Shaw Pipeline Services Business TORONTO, June 01, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd. (“Shawcor” or the “Company”) (TSX: SCL) announced today that it has sold its Shaw Pipeline Services (“SPS”) operating unit to a US-based investor group which includes Achieve Capital LLC and members of current SPS management. This transaction resulted from the Company’s previously announced strategic review process. With this sale, the Company’s Pipeline and Pipe Services (“PPS”) segment will consist entirely of the Pipeline Performance Group (“PPG”) operating unit, for which a previ...
Shawcor Secures Five Pipe Coating Contract Awards and One Letter of In...
Shawcor Secures Five Pipe Coating Contract Awards and One Letter of Intent, Collectively Valued at Over $150M TORONTO, May 31, 2023 (GLOBE NEWSWIRE) -- Shawcor Ltd. (TSX: SCL) (“Shawcor” or the “Company”) announced today that its pipe coating division, Pipeline Performance Group (“PPG”), has received five formal contract awards and one letter of intent (“LOI”) for development projects in South America, Mexico and the Ivory Coast. The coating value of these projects collectively exceeds $150M. These commitments include: Two Purchase Orders (“PO”) for the provision of insulation coating se...
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