Shimmick Corporation Leads the Way in Infrastructure Solutions
Shimmick Corporation (NASDAQ: SHIM), a prominent player in the realm of infrastructure projects, has recently positioned itself as the preferred bidder for two significant initiatives within the Los Angeles market. These projects are valued at approximately $81.5 million and encompass vital water and electrical infrastructure. Notably, this development underscores the increasing demand for Shimmick's innovative civil and electrical delivery capabilities.
Ural Yal, the Chief Executive Officer of Shimmick, expressed that "these projects embody the ongoing commitment to enhancing essential water and electrical infrastructure which is crucial for long-term resilience." He emphasized the collaborative nature of these projects, highlighting the company's partnerships with public agencies to deliver solutions that not only improve operational performance but also benefit the communities they serve.
The Key Projects Behind the Investment
Outer Harbor Cruise Terminal Development
One of the standout projects, valued at $61.3 million, involves significant improvements at the Port of Los Angeles, specifically designed to modernize cruise terminal operations. Known as the Berths 49–51 Outer Harbor Cruise Terminal Development, this initiative includes substantial electrical, structural, and civil enhancements aimed at advancing shore power, commonly referred to as Alternative Maritime Power (AMP). The scope of work entails constructing a 34.5-kV industrial station for the Los Angeles Department of Water and Power (LADWP), alongside the installation of hybrid fender systems and concrete wharf repairs. This project aims to fortify aging marine infrastructure, facilitating vessels to connect to shore power while berthed, ultimately playing a significant role in emission reduction and sustainability objectives.
Modifications to the Palmdale Water Reclamation Plant
The second project, valued at $20.2 million, focuses on the Palmdale Water Reclamation Plant. This initiative, commissioned by the Los Angeles County Sanitation District (LACSD), involves crucial upgrades to the influent pumping and electrical systems. The project encompasses the construction of a new utility building along with associated civil improvements. Such enhancements are set to boost the operational reliability of the facility, thus ensuring a more effective water reclamation process that serves the surrounding areas sustainably.
Looking Ahead: The Future of these Projects
With both projects scheduled to kick off in 2026, construction will proceed following the completion of all final permitting and preconstruction activities. Shimmick's strategic approach aims to streamline project delivery while ensuring that these infrastructure developments meet the necessary sustainability standards.
About Shimmick Corporation
Headquartered in California, Shimmick Corporation (NASDAQ: SHIM) is recognized as a leader in providing comprehensive infrastructure solutions that span across critical domains such as water, energy, climate resilience, and sustainable transportation. The company prides itself on its ability to integrate technical expertise with collaborative project delivery methods. This unique approach facilitates the provision of innovative, technology-driven infrastructure solutions that enhance economic growth and empower communities throughout the nation. With an impressive legacy of over a century, Shimmick combines a rich engineering tradition with an entrepreneurial spirit, successfully tackling today’s most complex infrastructure challenges.
Contact Information
Investor Relations:
Email: IR@shimmick.com
Phone: 1-949-704-2350
Media Contact:
Lee Ann Ballew
Email: LeeAnn.Ballew@shimmick.com
Frequently Asked Questions
What projects has Shimmick been awarded?
Shimmick has been awarded two significant projects valued at $81.5 million, focusing on water and electrical infrastructure in Los Angeles.
What is the main goal of the Outer Harbor Cruise Terminal project?
The main goal is to modernize the cruise terminal operations while enhancing shore power capabilities to reduce emissions.
How will the Palmdale Water Reclamation Plant project benefit the region?
The project will enhance operational reliability and improve system performance for water reclamation operations in the surrounding area.
When is the construction for these projects set to begin?
Construction for both projects is expected to begin in 2026, following completion of final permitting and preconstruction activities.
What is Shimmick Corporation's focus in the infrastructure sector?
Shimmick Corporation focuses on delivering turnkey infrastructure solutions, engaging in sectors like water, energy, climate resilience, and sustainable transportation.
