(All amounts are in Canadian dollars unless otherwise
TERREBONNE, QC, Jan. 6, 2023
/CNW Telbec/ - The management of ADF GROUP INC. ("ADF"
or the "Corporation") (TSX: DRX), a North American leader in the
fabrication of steel superstructures, announces additional work
worth a total of $30 million to the
scope of work on one of the fabrication contracts recently signed
in the industrial sector in the United
Following a request from the client, the new work was added to
ADF's initial contract and is part of the project's original
completion schedule, which is expected to begin shortly and extend
until the end of 2023. The additional work will be carried out by
ADF's team in Terrebonne.
Mr. Jean Paschini,
Chairman of the Board of Directors and Chief Executive Officer,
said: "We are committed to ensuring the satisfaction of our
customers and meeting their expectations. We welcome this
opportunity to renew our business activities with our client, and
proud of their confidence in ADF".
The Corporation's order backlog stood at $344 million as at October
31, 2022, excluding contracts announced in December 2022 and today's announcement.
About ADF Group Inc. | ADF Group Inc. is a North American
leader in the design and engineering of connections, fabrication,
including the application of industrial coatings, and installation
of complex steel structures, heavy steel built-ups, as well as in
miscellaneous and architectural metals for the non-residential
infrastructure sector. 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, and a Construction Division in the United States, which specializes in the
installation of steel structures and other related products.
Forward-Looking Information | This press release contains
forward-looking statements reflecting ADF's 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
SOURCE ADF Group Inc.