TERREBONNE, QC, Nov. 5, 2012 /CNW Telbec/ - ADF GROUP INC. ("ADF" or the "Corporation") (TSX: DRX) announced today that the
Corporation's Board of Directors approved an estimated US$24 million
plan to build a new 9,290 square meter (or 100,000 ft2) structural steel fabrication complex on an 100 acres industrial land
located in Great Falls, in the State of Montana, U.S.A.
Under its U.S. subsidiary banner, ADF International Inc., the
Corporation will be operating by the second half of 2013 its new
fabrication plant which will be equipped with state-of-the-art
equipment, similar to those at its Terrebonne fabrication plant. The
annual fabrication capacity of this new plant is estimated at more than
Moreover, adjacent to its new facility, ADF will set-up a large
structural steel fabrication and pre-assembly yard, which will provide
an important competitive edge to rapidly and effectively serve new
sectors and fast growing markets
"Our expansion project has been very well received by Great Falls' and
Montana's authorities. We are particularly pleased with the
collaboration and support we received from local representatives toward
the achievement of our investment project, which will contribute to the
economic development of this beautiful region" said Mr. Jean Paschini, Chairman of the Board and Chief Executive Officer.
In addition to broadening its geographic footprint westward, this
strategic investment will also give ADF access to the U.S. public
infrastructures market segment.
"During the past months, we have studied many other sites to set-up a
second plant, and we have chosen Great Falls in Montana for its
strategic geographic location. Situated at 160 km from Alberta's
border, the City of Great Falls will allow ADF to pursue its
development both in Canada and the United States. We are very excited
and confident about this key investment for ADF Group's future", added
"We are very proud and excited to have this world-class company choose
Great Falls for its western expansion", stated Mr. Brett Doney, President and CEO of Great Falls Development Authority. "Situated
between Calgary and Salt Lake City, Great Falls is well positioned for
the high growth regions of western Canada and the U.S. We are impressed
with ADF's vision and professionalism, and look forward to supporting
the company's long-term growth and success in Montana".
"We are extremely excited with today's announcement. Since our first
communication, we've been nothing but impressed with ADF and their
people. The process to get this done has required a lot of hard work on
behalf of many; that said it's also been a lot of fun to work together
to make this a reality. ADF is truly a family-run company that is going
to fit in and be a huge addition to the region of Great Falls and is
going to provide a lot of really good jobs for hard working people.
Making this happen is a testament to what we are capable of in Great
Falls", added Mr. Jeremiah Johnson, Vice President-Marketing of Great Falls Development Authority.
The work on the yard's infrastructure and the ground breaking on the
construction of the new facility are set for the spring of 2013. Other
expansion phases at this new facility could be considered in future
years, as demands grow.
About ADF Group Inc.
ADF Group Inc. is a North American leader in the design and engineering
of connections, fabrication 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
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
Image with caption: "Artist rendering of ADF's future new structural steel fabrication plant to be built in Great Falls, Montana, U.S.A. (CNW Group/ADF GROUP INC.)". Image available at: http://photos.newswire.ca/images/download/20121105_C4630_PHOTO_EN_20140.jpg
SOURCE: ADF GROUP INC.
For further information:
Jean Paschini, Chairman of the Board of Directors and Chief Executive Officer
Jean-François Boursier, CPA, CA, Chief Financial Officer
Telephone: (450) 965-1911 / 1 (800) 263-7560
Web Site: www.adfgroup.com