Business
ADF Group Inc. announces the signing of a series of new commercial agreements in the United States valued at a total of $165.0 million
ADF Group Inc. announces the signing of a series of new commercial agreements in the Unite...
About this update from Adf Group Inc.
[{"type":"text","content":"\n\n\n\nADF Group Inc. announces the signing of a series of new commercial agreements in the United States valued at a total of $165.0 million\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTERREBONNE, QC, June 12, 2019\n\n\n\nTERREBONNE, QC, June 12, 2019 /CNW Telbec/ - ADF GROUP INC. (\"ADF\" or the \"Corporation\") (TSX: DRX), a North American leader in the fabrication of steel superstructures, is pleased to announce the signing of a series of new commercial agreements in the commercial building sector in the United States, worth a total of $165.0 million.\nThe scope of the largest project among this series of new commercial agreements, in terms of value, involves erecting the entire steel structure of a new multi-story building in Southeastern U.S.A., and includes design-assist services, the design and engineering of connections, as well as the fabrication and industrial coating. The fabrication and steel erecting work are scheduled to begin next year. \nThe other largest project, in terms of value, consists in the design and engineering of connections, the supply of the material (steel), the fabrication work, which includes the application of industrial coating, as well as construction engineering services and the installation of the steel structure of a new commercial building on the U.S. West Coast. The fabrication portion of this new project will begin in the coming weeks.\nThe Corporation expects to finalize the operational and technical details of the first agreement in the coming weeks, and will disclose additional information in a timely manner.\nMr. Jean Paschini, Co-Chairman of the Board and Chief Executive Officer, stated \"Our current order backlog recorded a solid increase compared with the same period last year. We are all proud with the work accomplished to date, and we continue our efforts and initiatives to ensure the growth of our order backlog.\"\nThe Corporation's order backlog stood at $255.4 million at the close of the first quarter ended April 30, 2019, excluding the new orders announced today.\nAll amounts are in Canad...