SNC-Lavalin debooks hydrocarbons & chemicals project in Alberta
December 21 2012 - 3:55PM
PR Newswire (Canada)
SNC-Lavalin debooks hydrocarbons & chemicals project in Alberta
MONTREAL, Dec. 21, 2012 /CNW Telbec/ - SNC-Lavalin (TSX:
SNC) has received a notice of termination for convenience from its
client related to a fixed-price EPC contract it was awarded in
November 2011 for a froth treatment
plant in Fort McMurray, Alberta.
The notice is effective immediately.
This project will be debooked from the Company's
backlog in the fourth quarter 2012. The Company does not currently
anticipate that this termination will have a material impact on its
fourth quarter earnings.
SNC-Lavalin is one of the leading engineering
and construction groups in the world and a major player in the
ownership of infrastructure, and in the provision of operations and
maintenance services. Founded in 1911, SNC-Lavalin has offices
across Canada and in over 40 other
countries around the world, and is currently working in some 100
countries.
www.snclavalin.com.
SOURCE SNC-LAVALIN
Copyright 2012 Canada NewsWire
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