New contracts for ADF Group totalling more than $46 million
TERREBONNE, QC, April 9, 2015 /CNW Telbec/ – ADF GROUP INC. (“ADF” or the “Corporation”) (TSX: DRX) leader in the fabrication of steel superstructures, announces today having concluded a series of commercial agreements with existing and new clients, totalling in excess of $46 million.
All these new orders were awarded in the U.S. East Coast, and are part of different new construction projects for commercial and industrial buildings, and a transport infrastructure project. The new contracts won by ADF mostly involve fabrication work, encompassing the shop drawings and the supply of material (steel), and the installation of various steel structures, including heavy steel built-up components.
Mr. Jean Paschini, Co-Chairman of the Board and Chief Executive Officer, points out that, “the award of these new orders falls in line with our growth strategy and attests to our active approach to renew our backlog”.
The work on these new contracts, which together provide about 100,000 additional fabrication labour hours for ADF’s fabrication plant in Terrebonne, is scheduled to begin in the coming weeks and will extend until the spring of 2016.
In line with the increase in the level of activity at its Terrebonne fabrication plant, the Corporation also announces today the launch of a recruitment process, mainly for welders and fitters positions.
About ADF Group Inc.
ADF Group Inc. is a North American leader in the design and engineering of connections, fabrication, including industrial coating, and installation of complex steel structures, heavy steel built-ups, as well as in miscellaneous and architectural metals for the non residential construction industry. ADF Group Inc. is one of the few players in the industry capable of handling highly technically complex mega projects on fast-track schedules in the commercial, institutional, industrial and public sectors. The Corporation operates two fabrication plants; one in Canada and one in the United States, as well as a paint shop in the United States.
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, unless otherwise indicated.
SOURCE ADF Group Inc
Jean Paschini, Co-Chairman of the Board of Directors and Chief Executive Officer; Jean-François Boursier, CPA, CA, Chief Financial Officer, Telephone: (450) 965-1911, 1 (800) 263-7560, Web Site: www.adfgroup.com