TERREBONNE, QC, May 13 /CNW Telbec/ - ADF GROUP INC. ("ADF" or the
"Corporation") (TSX: DRX) is pleased to announce that it has been awarded a
major contract totalling $22.0 million. The contract includes the supply of
material (steel), the fabrication, and the delivery of the steel structure of
a significant portion of an office tower to be built in the North Eastern
United States. Delivery will start in the fall of 2009 and will extend to the
second half of 2010. The engineering drawings relating to this contract will
be provided by the client.
Mr. Jean Paschini, Chairman of the Board and Chief Executive Officer,
declares, "All of our new equipment of the latest generation, acquired in 2007
and 2008, has been operational since January 2009. This equipment has allowed
us to significantly increase our fabrication capacity and to further improve
the accuracy and speed of execution. Given the main characteristics of this
high-rise, we will optimize our recent strategic investments to carry out this
Mr. Paschini adds that the Corporation is currently reviewing its
operating process to comply with the nuclear system requirements in effect in
America, by the end of 2009. This will permit ADF to participate in the
fabrication of steel structures for nuclear power plants, a highly specialized
sector. In addition to the continuous development in its current markets and
key sectors, this accreditation will open a new and expanding market for ADF.
The Corporation specializes for over 25 years in very highly complex projects
and those subject to fast-track schedules. The nuclear systems qualification
will add a third specialized niche.
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; www.adfgroup.com; Source: ADF Group Inc.