BOUCHERVILLE, QC, April 12 /CNW Telbec/ - Spectra Premium Industries Inc.
(TSX: SPD.sv), a North American leader in the manufacture of automobile, light-
truck and heavy-duty truck aftermarket parts and manufacturer of high-pressure
die cast magnesium alloy parts and steel fuel tanks in the Original Equipment
Manufacturer ("OEM") market, is pleased to announce the award of an important
contract for the manufacture of steel fuel tanks.
This contract involves engineering and design, development of prototypes,
production tooling and the manufacture of steel fuel tanks, which will be
installed on a full size van manufactured by Ford Motor Company. The
production of these steel fuel tanks is scheduled to begin in June 2008.
"The award of this contract results from more than two years of
development and the creativity of our engineering and design department had a
significant impact on the customer's decision to source us that business,"
declared Mr. Jacques, Mombleau, CA, President and Chief Executive Officer of
Spectra Premium Industries Inc.
PROFILE
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Spectra Premium is the world leader in the manufacture of steel fuel
tanks and related components for the automobile and light-truck aftermarkets.
The Corporation ranks first in Canada and is a North American leader in the
aftermarket for automotive and industrial radiators, radiator components and
new and reconditioned oil pans. It also maintains a presence in such markets
as sending units, fuel pumps, body panels, condensers, compressors, complete
heater cores and other air-conditioning parts. Over the past years, the
Corporation expanded its activities in the OEM market by concluding agreements
to supply steel fuel tanks and aluminum radiators and in addition, to supply
radiators for industrial applications and heavy equipment. The Corporation has
increased its presence in the OEM segment, following the recent acquisition of
Trimag, one the most important North American manufacturers of high-pressure
die cast magnesium alloy parts. It currently employs approximately
1,500 people in its nine (9) plants and 50 distribution centers, which are
located throughout Canada, the United States and Europe. Its shares are traded
on the Toronto Stock Exchange (ticker symbol: SPD.sv).
PROSPECTIVE FINANCIAL INFORMATION
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This press release contains implicit or explicit forecasts, as well as
forward-looking statements on the objectives, strategies, financial position,
operating results and activities of Spectra Premium. These statements are
forward-looking to the extent that they are based on expectations relative to
markets in which the Corporation exercises its activities and on various
assessments and assumptions. These expectations seemed reasonable to us at the
time when this press released was diffused. Our actual results could however
differ significantly from management's expectations if recognized or
unrecognized risks affect our results or if our assessments or assumptions are
inaccurate. That is why we cannot guarantee the realization of these forward-
looking statements. You will find in the annual report on page 26 a non
exhaustive presentation of risks which could result in an important variance
between our actual results and our actual expectations, which can be consulted
on the following websites: http://www.sedar.com and
http://www.spectrapremium.com/.
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