ADF Group Inc. announces new orders worth close to $19 million
TERREBONNE, QC, July 26, 2012 /CNW Telbec/ – ADF GROUP INC. (“ADF” or the “Corporation”) (TSX: DRX) announces today that the Corporation was awarded three new contracts in Canada worth a total of $18.7 million.
The largest of these contracts concerns the fabrication of the steel structure of a plant in Northern Alberta for a company specializing in the petroleum industry. The two other contracts are for the fabrication and delivery of steel components for two bridges, one in Calgary, Alberta and one in Montreal, Quebec.
These three contracts will be completed by the second quarter of the 2014 fiscal year.
Jean Paschini, Chairman of the Board and Chief Executive Officer, points out that “these new orders attest to the confidence that our clients have in ADF’s recognized expertise and confirms the Corporation positioning and development strategy aimed at increasing its presence in Western Canada and in the public infrastructures segment in Canada. We are especially proud to have won a contract in Northern Alberta, since it not only represents ADF’s first contract in the oil industry, but allows ADF to be well-positioned for other similar agreements in the coming months”.
About ADF Group Inc.
ADF Group Inc. is a North American leader in the design, engineering, fabrication and installation in the non-residential construction industry of complex steel structures, heavy built-ups, as well as in miscellaneous and architectural metals. ADF is one of the key players in the industry capable of handling highly technically complex mega projects on fast-track schedules in the commercial, institutional, industrial and public sectors.
This press release contains forward-looking statements reflecting ADF objectives and expectations. These statements are identified by the use of verbs such as “expect” as well as by the use of future or conditional tenses. By their very nature these types of statements involve risks and uncertainty. Consequently, reality may differ from ADF’s expectations.
All amounts are in Canadian dollars.
SOURCE: ADF GROUP INC.
Source: ADF Group Inc.
Contact: Jean Paschini, Chairman of the Board and Chief Executive Officer
Telephone: (450) 965-1911 / 1 (800) 263-7560
Web Site: www.adfgroup.com