(All amounts are in Canadian dollars unless otherwise
noted.)
TERREBONNE, QC, Dec. 11,
2023 /CNW/ - The management of ADF GROUP
INC . ("ADF" or the "Corporation") (TSX: DRX), North America's leader in the fabrication of
steel superstructures, announces the signing of a series of new
orders in the U.S. totaling $234,0
million.
Firstly, last May, ADF Group announced the award of a
large-scale contract for the first phase of a major construction
project in the pharmaceutical sector in the Midwest region. This
contract was amended to include additional work that will be
included in the original contract and will be completed within the
first phase's original execution schedule. In this regard,
fabrication work will begin in December
2023.
The Corporation's management also announces that it has reached
an agreement with the same client for the second phase of the
above-mentioned construction project. This major new contract is
the largest in this series of new orders in terms of value. The
nature and scope of work in this second phase of the project is
similar as the first phase and consists of the design and
engineering of the connections, the fabrication work, including the
supply of the steel and industrial coating, as well as the erecting
of the steel structure and heavy steel components of a
large-surface industrial-type building. Fabrication will begin in
February 2024 and will extend over a
period of approximately15 months.
This series of new orders also includes the award of a new
contract in the Southeastern region of the United States, which consists of, among
other things, fabrication, including industrial coating, and the
delivery of the steel structure of a new industrial building for a
global manufacturing company in the aluminum sector. This project
will extend over a 6-month period. In closing, ADF Group also
announces the award of two new contracts in Canada, one in the public infrastructure
sector and one in the industrial sector.
Both of ADF's fabrication plants and paint shop in Terrebonne, Canada and in Great Falls, Montana, U.S.A. will be involved
in all of these new contracts.
Mr. Jean Paschini,
Chairman of the Board of Directors and Chief Executive Officer,
pointed out that "these new contracts will require a high-volume
production and high technical competence. Our fabrication and
assembly processes, which are now further enhanced by
robot-assisted production lines and increased automation, are
proven for projects such as these ones. With the excellent
foundations of the Corporation and our seasoned and talented teams,
we are ready for projects of this scale, and we are eager to
collaborate with our clients and being able to support them as a
business partner of choice."
The Corporation's order backlog stood at $ 339.3 million as at October 31, 2023, excluding new orders announced
today.
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
expectations.
SOURCE ADF Group Inc.