TERREBONNE, QC, Oct. 15, 2019 /CNW Telbec/ - ADF GROUP INC.
("ADF" or the "Corporation") Ticker symbol: (TSX: DRX), a North
American leader in the fabrication of steel superstructures, is
pleased to announce the award of a series of major contracts valued
at a total of $70 million.
The largest of this series of contracts was won in the public
infrastructure sector in the U.S. Midwest and consists in the
design and engineering of connections, the fabrication, including
the procurement of raw material (steel) and industrial coating, as
well as the installation of complex steel structures and heavy
steel components, including architecturally exposed structural
steel (AESS) elements. This contract will be carried out at ADF's
fabrication complex and industrial paint shop, located in
Terrebonne, Quebec. Fabrication
work is scheduled to start in January
2020 and will extend until the end of 2020.
"Since the beginning of the current fiscal year, being
February 1st, 2019, the
Corporation added over $300 million
worth in new contracts to its order book. With more than 40 years
of experience in the fabrication of complex steel structures, we
have a solid expertise in large-scale projects. Our teams'
expertise and the quality of our production facilities are such
that we have mastered all the elements to successfully carry out
this major project, which will be another window in which to
showcase our know-how across our markets" added Mr. Jean Paschini, Co-Chair of the Board of
Directors and Chief Executive Officer of ADF Group Inc.
Excluding the announcement of this new contract, the
Corporation's order backlog reached $345.1
million at the close of its second quarter ended
July 31, 2019.
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.
Forward-Looking Information
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.
Website: www.adfgroup.com
SOURCE ADF Group Inc.