EDMONTON, June 23 /CNW/ - Empire Industries Ltd. (TSX-V: EIL) ("Empire"
or the "Company"), a provider of steel fabrication and installation services
and specialized engineered products, today announced that one of its
wholly-owned subsidiaries has secured a unit priced subcontract, expected to
be worth in excess of $12 million, for a structural steel modularization
project for Suncor's Voyageur expansion program near Fort McMurray, Alberta.
The scope of the subcontract, which was awarded by Ideal Welders Ltd.
("IWL"), calls for the assembly of 179 modules, totaling over 5,000 tonnes of
structural steel at IWL's module yard outside Edmonton. The work will be
undertaken over a period of approximately 15 months starting in October 2008.
IWL has the main contract with Suncor for pipe fabrication, installation and
"Empire has more than tripled its field installation and shop fabrication
capacity over the past two years and is in an excellent position to fulfill
these types of contracts," said Guy Nelson, Chief Executive Officer of Empire.
"We continue to aggressively pursue additional fabrication and installation
opportunities throughout Western Canada to fully utilize the capabilities and
capacity of the Company."
About Empire Industries Ltd.
Empire Industries Ltd. is a leading, Western Canadian steel fabricator
and engineered products manufacturer. The Company owns several steel
fabrication shops and manufacturing facilities, each with longstanding track
records of success. Empire's mission is to increase shareholder value by
adding value to steel through a combination of organic growth and strategic
acquisitions. Empire's common shares are listed on the TSX Venture Exchange
under the trading symbol EIL.
This press release contains forward-looking statements, within the
meaning of applicable securities legislation, concerning Empire's business and
affairs. In certain cases, forward-looking statements can be identified by the
use of words such as "plans", "expects" or "does not expect", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or variations
of such words and phrases or state that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
These forward looking statements are based on current expectations, and are
naturally subject to uncertainty and changes in circumstances that may cause
actual results to differ materially. Readers are cautioned not to place undue
reliance on such forward-looking statements. Forward-looking information is
provided as of the date of this press release, and Empire assumes no
obligation to update or revise them to reflect new events or circumstances,
except as may be required under applicable securities laws.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: please visit our web-site at: www.empind.com or
contact: Guy Nelson, Chairman & CEO, Empire Industries Ltd., Phone: (416)
366-7977, Email: email@example.com; Trevor Heisler, Investor Relations, The
Equicom Group Inc., Phone: (416) 815-0700 x 270, Email: firstname.lastname@example.org