(Terrebonne) The Quebec manufacturer of steel structures ADF Group announced on Wednesday the signing of a series of major new contracts in the industrial, transportation and public infrastructure sectors, totaling $228 million.
The company based in Terrebonne, in Lanaudière, specifies that these orders relate in particular to engineering and design work, manufacturing and industrial coating, as well as the delivery of various steel structures and heavy steel components. for new construction projects in the United States and in the greater Montreal area.
The manufacturing work scheduled for the completion of these new contracts should begin in the coming weeks and extend until the end of 2023. The plants that Groupe ADF owns in Terrebonne and Great Falls, in the State of Montana, will benefit from these major contracts.
In addition, ADF Group is withdrawing from its order book a project estimated at 131 million in the southeastern United States, concluded in June 2019. Work was to begin in early 2020, but the project was delayed by the coronavirus pandemic. COVID-19.
ADF Group adds that as soon as the owners confirm the restart of their project, it will reintegrate it into its order book.
The company ensures that this withdrawal from the project will have no impact on its financial results.
Last week, ADF Group reported that its third quarter of the current fiscal year ended with a net profit of 2.91 million, compared to 2.788 million for the corresponding period of fiscal 2021.
Company quoted in this dispatch: Groupe ADF (TSX: DRX)