TERREBONNE, QC, Sept. 24, 2018 /CNW Telbec/ - ADF GROUP INC. ("ADF" or the "Corporation") (TSX: DRX), a North American leader in the fabrication of steel superstructures, announces the award of two new major contracts in the United States, worth a total of $102 million.
The first contract has been awarded in Western U.S. and consists in the design and engineering of connections, fabrication, including the procurement of raw material (steel) and industrial coating, as well as the installation of complex steel structures and heavy steel components, for a new public transport infrastructure. This contract will be carried out at ADF's plant, in Great Falls, Montana. Fabrication work is scheduled to start during the first quarter of the fiscal year beginning on February 1st, 2019, and will extend over a 30-month period, approximately.
The Corporation was also awarded the contract to erect the steel of a new recreational structure in the U.S. Southeast. In addition, ADF's engineering team will provide design-assist services during the structure's design phase, as well as provide installation engineering methodology.
It should be noted that excluding these new orders announced today, the Corporation's order backlog stood at $141.1 million on July 31, 2018.
Mr. Jean Paschini, Co-Chairman of the Board and Chief Executive Officer, points out that "obtaining these contracts is very encouraging and illustrates our continued efforts to increase our order backlog. We have the experience, the knowledge and the production capacity for such projects, and above all, we have the human talents to successfully carry out these projects".
About ADF Group Inc.
ADF Group Inc. is a North American leader in the design and engineering of connections, fabrication, including industrial coatings, 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 sectors. The Corporation operates two fabrication plants and two paint shops, in Canada and in the United States.
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 in Canadian dollars, unless otherwise indicated.
SOURCE ADF Group Inc.
For further information: ADF GROUP INC., Mr. Jean Paschini, Co-Chair of the Board of Directors and Chief Executive Officer; Mr. Jean-François Boursier, CPA, CA, Chief Financial Officer;Telephone: (450) 965-1911