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ADF GROUP WINS MAJOR NEW CONTRACTS WITH A TOTAL VALUE OF $228 MILLION
ADF GROUP WINS MAJOR NEW CONTRACTS WITH A TOTAL VALUE OF $228 MILLION Canada NewsWire ...
About this update from Adf Group Inc.
[{"type":"text","content":"\n \n \n \n ADF GROUP WINS MAJOR NEW CONTRACTS WITH A TOTAL VALUE OF $228 MILLION\n \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 Canada NewsWire\n \n \n \n \n \n (All amounts are in Canadian dollars unless otherwise noted.)\n \n \n \n \n \n TERREBONNE, QC\n \n \n ,\n \n \n Dec. 14, 2022\n \n \n /CNW Telbec/ - The management of\n \n ADF GROUP INC\n \n . (\"ADF\" or the \"Corporation\") (TSX: DRX), a North American leader in the fabrication of steel superstructures, is proud to announce the signing of new major contracts in the industrial, transportation and public infrastructure sectors worth a total of\n \n $228 million\n \n .\n \n \n All these new orders consist in the design and engineering of connections, the fabrication, which encompasses the supply of raw materials (steel) and industrial coating, and the delivery of the various steel structures and heavy steel components, as part of new construction projects in\n \n the United States\n \n and in the greater\n \n Montreal\n \n area.\n \n \n The fabrication work of these new contracts, all characterized by a very high tonnage and tight schedules, is planned to begin in the coming weeks and should extend until the end of the 2023 calendar year. Both of ADF's fabrication plants and paint shops in\n \n Terrebonne, Quebec\n \n and in\n \n Great Falls, Montana\n \n will be called upon to carry out these major contracts.\n \n \n Mr.\n \n Jean Paschini\n \n , Chairman of the Board of Directors and Chief Executive Officer, said, \"the year 2022 ends on a positive note and it is with optimism that we will start the new year.\"\n \n \n In addition, Management announces that it is removing from its order backlog a major project valued at\n \n $131 million\n \n in the southeastern\n \n United States\n \n concluded in\n \n June 2019\n \n . The steel erection work of the new steel structure of a commercial multi-storey building was scheduled to begin in early 2020. However, due to the pandemic, this project has been delayed. Although this project is still ongoing and the owners have reiterated their commitment and...