CAMBRIDGE, ON, Jan. 11, 2012 /CNW/ - Aecon Group Inc. (TSX:ARE)
announced today that its Cambridge fabrication facility has been
awarded nuclear accreditation, known as the "N-Stamp" from the American
Society of Mechanical Engineers (ASME).
The N-Stamp is the internationally recognized U.S. industry standard in
quality assurance for the construction, inspection and maintenance of
nuclear facilities. Nuclear accreditation from ASME confirms Aecon's
capability to produce nuclear-grade components in accordance with the
applicable codes and standards.
"Obtaining the ASME N-Stamp certification is an important strategic
milestone for Aecon, demonstrating the high standards of quality that
our facilities adhere to. It opens new markets for us, which could
further accelerate the significant business volume growth in the
nuclear power sector Aecon has experienced in recent years," said Paul
Koenderman, Executive Vice President, Aecon Group Inc. "This
achievement positions us well in the clean energy industry, of which
nuclear power is a key component."
Aecon's 120,000 square foot facility in Cambridge performs a broad range
of fabrication work including piping, custom steel, and module
fabrication using state-of-the-art, automated equipment. The facility
includes a fully automatic welding machine, numerous semi-automatic
machines, as well as an on-site post weld heat treatment furnace.
Approximately 250 people are employed at the facility.
Aecon has over forty years of experience in the nuclear industry, and
maintains a CSA N285 nuclear quality certification in Canada. Other
non-nuclear certifications include CSA B51, ASME U, S, A & PP stamps,
CWB W47.1, as well as an ISO 9001:2008 registration.
Aecon Group Inc. is one of Canada's largest and most diverse
construction and infrastructure development companies. Aecon and its
subsidiaries provide services to private and public sector clients
throughout Canada and on a selected basis internationally. Aecon is
pleased to be recognized as one of the Best Employers in Canada.
The information in this press release includes certain forward-looking
statements. These "forward-looking" statements are based on currently
available competitive, financial and economic data and operating plans
but are subject to risks and uncertainties. In addition to general
global events outside Aecon's control, there are factors which could
cause actual results, performance or achievements to vary from those
expressed or inferred herein including risks associated with an
investment in the common shares of Aecon and the risks related to
Aecon's business, including Large Project Risk and Contractual Factors.
Risk factors are discussed in greater detail in the section on "Risk
Factors" in the Annual Information Form filed on March 30, 2011 and
available at www.sedar.com. Forward-looking statements include information concerning possible or
assumed future results of operations or financial position of Aecon, as
well as statements preceded by, followed by, or that include the words
"believes," "expects," "anticipates," "estimates," "projects,"
"intends," "should" or similar expressions. Important factors, in
addition to those discussed in this document, could affect the future
results of Aecon and could cause those results to differ materially
from those expressed in any forward-looking statements.
SOURCE Aecon Group Inc.
For further information:
Senior Vice President,
Aecon Group Inc.