Business
ADF Group Inc. to build a new structural steel fabrication complex in Great Falls, Montana, U.S.A.
TERREBONNE, QC, Nov. 5, 2012 /CNW Telbec/ - ADF GROUP INC. ("ADF" or the "Corporation"...
About this update from Adf Group Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\n\nTERREBONNE, QC, Nov. 5, 2012 /CNW Telbec/ - ADF GROUP INC. (\"ADF\" or the \"Corporation\") (TSX: DRX) announced today that the\n Corporation's Board of Directors approved an estimated US$24 million\n plan to build a new 9,290 square meter (or 100,000 ft2) structural steel fabrication complex on an 100 acres industrial land\n located in Great Falls, in the State of Montana, U.S.A.\n\n\nUnder its U.S. subsidiary banner, ADF International Inc., the\n Corporation will be operating by the second half of 2013 its new\n fabrication plant which will be equipped with state-of-the-art\n equipment, similar to those at its Terrebonne fabrication plant. The\n annual fabrication capacity of this new plant is estimated at more than\n 25,000 tons.\n\n\nMoreover, adjacent to its new facility, ADF will set-up a large\n structural steel fabrication and pre-assembly yard, which will provide\n an important competitive edge to rapidly and effectively serve new\n sectors and fast growing markets\n\n\n\"Our expansion project has been very well received by Great Falls' and\n Montana's authorities. We are particularly pleased with the\n collaboration and support we received from local representatives toward\n the achievement of our investment project, which will contribute to the\n economic development of this beautiful region\" said Mr. Jean Paschini, Chairman of the Board and Chief Executive Officer.\n\n\nIn addition to broadening its geographic footprint westward, this\n strategic investment will also give ADF access to the U.S. public\n infrastructures market segment.\n\n\n\"During the past months, we have studied many other sites to set-up a\n second plant, and we have chosen Great Falls in Montana for its\n strategic geographic location. Situated at 160 km from Alberta's\n border, the City of Great Falls will allow ADF to pursue its\n development both in Canada and the United States. We are very excited\n and confident about this key investment for ADF Group's future\", added\n Mr. Paschini.\n\n\n\"We are very proud and excited to have this world-class company choose\n Great Falls for its western expansion\", stated Mr. Brett Doney, President and CEO of Great Falls Development Authority. \"Situated\n between Calgary and Salt Lake City, Great Falls is well positioned for\n the high growth regions of western Canada and the U.S. We ...