(All amounts are in Canadian dollars, unless otherwise
stated.)
TERREBONNE, QC, Jan. 25, 2021 /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 new contracts in the
commercial building and transportation infrastructure sectors in
the USA and in Canada, worth a total of $102 million.
The scope of the largest of these contracts, in terms of value
and tonnage, covers all services included in ADF's global offer,
which consist in the design and engineering of connections,
fabrication including industrial coating, the production of shop
drawings, steel procurement, and the installation of the new steel
structure of a large commercial building in Southeastern U.S.A. This project is
characterized 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.
The other major contracts won by ADF; in the transportation
infrastructure sector in the Western
USA and in the commercial building sector in Eastern Canada, also subject to accelerated
schedules, include all services comprised in ADF's overall
offering.
All of these contracts are scheduled to begin in the coming
months, and will run until the end of the year 2021. Both
ADF's fabrication plants and paint shops, in Terrebonne, Quebec, and in Great Falls in the state of Montana, will be involved in the carrying out
these new projects.
Mr. Jean Paschini,
Co-Chair of the Board of Directors and Chief Executive Officer,
added "we continue to work with equal resilience and adaptability
to the changes and trends observed in our markets. We remain
confident that we will be able to secure more contracts in the
coming months, and are committed to achieving our growth
targets."
The Corporation's order backlog stood at $282.5 million at the close of the quarter ended
October 31, 2020, excluding the new
orders announced on November 25,
2020, worth $101 million, and
the ones 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.