CAMBRIDGE, ON, March 3 /CNW/ - Aecon Group Inc. (TSX: ARE) announced
today that its Industrial Central division has secured a fabrication contract
valued at over $25 million for an oilsands project in Alberta.
Under the contract, Aecon Industrial will perform pipe spool fabrication
for Shell Canada's Scotford Upgrader Expansion 1. The project will be carried
out at Aecon's Cambridge, Ontario fabrication facility. Work includes
approximately 500,000 diameter inches of welding for carbon, stainless and
alloy steel pipe spools and is scheduled to continue until Spring 2009.
This marks Aecon's second contract for work on the Shell Upgrader
Scotford Expansion 1. Aecon Industrial's Western division is currently
performing module work, which includes the fabrication of specialty pipe and
the assembly of approximately 200 pipe rack and process modules for the
"We are very pleased with the confidence Shell has demonstrated in Aecon
and are proud to be continuing our work serving Shell's Scotford project from
Cambridge as well as Edmonton," said Paul Koenderman, Executive Vice
President, Aecon Group Inc. and CEO, Aecon Industrial. "This contract is the
largest fabrication contract ever awarded to Aecon's Cambridge facility and
contributes to the continued growth of this business unit."
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
internationally. Aecon is pleased to be recognized as one of the 50 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" of Aecon's Annual Information Form available on SEDAR at
www.sedar.com. 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.
For further information:
For further information: Mitch Patten, Vice President, Corporate
Affairs, Aecon Group Inc., (416) 297-2615, email@example.com, www.aecon.com