The Corporation's backlog reaches over 170.0 million dollars
TERREBONNE, QC, Oct. 31 /CNW Telbec/ - ADF GROUP INC. ("ADF" or the
"Corporation") (TSX: DRX) is pleased to announce that is has been awarded a
major contract totaling up to 47.0 million dollars in New York City, U.S.A.
The contract refers to the fabrication and delivery of the steel
superstructure and heavy steel components of an important portion of a major
landmark building to be built in New York City. The contract also involves the
fabrication and delivery of the base and mast of the antenna that will top the
This contract calls for the fabrication of heavy steel built-ups that can
reach up to 70 tons, as well as complex and conventional steel structures. The
complex steel structure of the antenna calls for the assembly of heavy steel
The client supplies the material and engineering drawings on this
Mr. Jean Paschini, Chairman of the Board and Chief Executive Officer,
declares, "ADF is present in a very specialized niche. All is in place at ADF
to carry out projects of this magnitude and complexity". Mr. Paschini adds
that this new contract will allow for the creation of 50 new jobs at the
Fabrication will start in February 2008 and will extend to October 2009.
The Corporation's backlog reaches over 170.0 million dollars.
ADF Group Inc. is a North American leader in the design, engineering,
fabrication and selective installation in the non-residential construction
industry of complex steel superstructures, as well as in architectural metal
work. ADF 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.
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 expressed in Canadian dollars.
For further information:
For further information: Jean Paschini, Chairman of the Board and Chief
Executive Officer; Louis Potvin, Chief Financial Officer, (450) 965-1911,
1-800-263-7560; Web Site: www.adfgroup.com; Source: ADF Group Inc.