TORONTO, Nov. 6 /CNW/ - Aecon Group Inc. (TSX: ARE) announced today that Aecon Field Services, a division of Aecon Lockerbie Industrial has been awarded two contracts totaling $125 million by Consumers' Co-operative Refineries Ltd. for work required to modify existing process units at their Regina Refinery.
The project includes mechanical work, fabrication, and installation of pipe and other equipment at the refinery. Work is scheduled to begin in the fourth quarter of 2009 and is scheduled for completion in the summer of 2011.
"This project award is strategically very important to us, as it represents a breakthrough into the Saskatchewan industrial market," said Paul Koenderman, Executive Vice President, Aecon Industrial Group. "We look forward to working with Consumers' on this significant project."
Aecon Group Inc. is Canada's largest, publicly traded construction and infrastructure development company. 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 10 Best Employers in Canada as published by Report on Business Magazine.
The information in this news release includes certain forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties which are generally described in Section 3.2 "Risk Factors" in Aecon's Annual Information Form dated March 30, 2009 which was updated in the section "Risk Factors" in the Final Prospectus filed on September 22, 2009 both available on SEDAR at www.sedar.com. There has been no material change in Risk Factors from those disclosed in the Final Prospectus. Although Aecon believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct.
SOURCE Aecon Group Inc.
For further information: For further information: Mitch Patten, Senior Vice President, Corporate Affairs, Aecon Group Inc., (416) 297-2615, firstname.lastname@example.org, www.aecon.com