ADF Group Inc. (TSX:DRX)
Historical Stock Chart
1 Month : From Jan 2019 to Feb 2019
TERREBONNE, QC, Feb. 12, 2019 /CNW Telbec/ - ADF GROUP INC. ("ADF" or the "Corporation") (TSX: DRX), a North American leader in the fabrication of steel superstructures, announces the award of a series of new contracts worth a total of $73 million, in the recreational and commercial sectors in Western USA.
The contracts consist in the design and engineering of connections, fabrication, including the procurement of raw material (steel) and industrial coating, as well as the installation of complex steel structures and heavy steel components. These contracts will be carried out at ADF's fabrication plant, in Great Falls, Montana. Fabrication work is scheduled to start soon, and will extend until the end of the year 2019.
It should be noted that excluding these new orders announced today, the Corporation's order backlog stood at $215.8 million as at October 31, 2018.
About ADF Group Inc.
ADF Group Inc. is a North American leader in the design and engineering of connections, fabrication, including industrial coatings, 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 and two paint shops, in Canada and 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.