(All amounts are in Canadian dollars, unless otherwise
indicated.)
TERREBONNE, QC, Nov. 25, 2020 /CNW Telbec/ - ADF GROUP
INC. ("ADF" or the "Corporation") (Ticker symbol:
TSX/DRX), a North American leader in the fabrication of steel
superstructures, announces the award of two new contracts in the
commercial building sector in the U.S.A., worth a total of $101 million.
The scope of the largest of these contracts, in terms of value
and tonnage, relates to the design and engineering of connections,
fabrication, which also includes industrial coating and the supply
of raw material (steel), and the installation of the steel
structure of a new building with a commercial vocation in the
Northwestern U.S.A. This project
is characterized not only by its high tonnage, but also by a
fast-track construction schedule. Fabrication is expected to start
in the first months of 2021 at ADF's plant located in Terrebonne, Quebec, and will run until the
third quarter of the year 2021.
The other contract won by ADF is located in the Northeastern U.S.A. and consists in, among
other things, the supply of raw material (steel) and shop drawings,
and the fabrication of the steel structure used in the construction
of a new government building. This new contract will take off in
January 2021 with the design and
engineering of connections and shop drawings. Fabrication is
expected to begin later in 2021 and will run until mid-2022.
Mr. Jean Paschini, Co-Chair and CEO, noted that
"we are privileged to work again with one of our clients with whom
we have completed other major projects in the past. We place great
importance on developing long-term relationships with our customers
and ensuring that we offered quality products and meet their
expectations. We would like to once again highlight the efforts of
ADF employees during these difficult times, and the work they do
day in and day out to meet the challenges."
The Corporation's order backlog stood at $314.5 million at the close of the quarter ended
July 31, 2020, excluding the new
orders announced today.
About ADF
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.
SOURCE ADF Group Inc.