ADF Group Inc. to build a new structural steel fabrication complex
in Great Falls, Montana, U.S.A.
TERREBONNE, QC,
Nov. 5, 2012 /CNW Telbec/ - ADF
GROUP INC. ("ADF" or the "Corporation") (TSX: DRX) announced
today that the Corporation's Board of Directors approved an
estimated US$24 million plan to build
a new 9,290 square meter (or 100,000 ft2) structural
steel fabrication complex on an 100 acres industrial land located
in Great Falls, in the
State of Montana, U.S.A.
Under its U.S. subsidiary banner, ADF
International Inc., the Corporation will be operating by the second
half of 2013 its new fabrication plant which will be equipped with
state-of-the-art equipment, similar to those at its Terrebonne fabrication plant. The annual
fabrication capacity of this new plant is estimated at more than
25,000 tons.
Moreover, adjacent to its new facility, ADF will
set-up a large structural steel fabrication and pre-assembly yard,
which will provide an important competitive edge to rapidly and
effectively serve new sectors and fast growing markets
"Our expansion project has been very well
received by Great Falls' and
Montana's authorities. We are
particularly pleased with the collaboration and support we received
from local representatives toward the achievement of our investment
project, which will contribute to the economic development of this
beautiful region" said Mr. Jean
Paschini, Chairman of the Board and Chief Executive
Officer.
In addition to broadening its geographic
footprint westward, this strategic investment will also give ADF
access to the U.S. public infrastructures market segment.
"During the past months, we have studied many
other sites to set-up a second plant, and we have chosen
Great Falls in Montana for its strategic geographic location.
Situated at 160 km from Alberta's
border, the City of Great Falls
will allow ADF to pursue its development both in Canada and the
United States. We are very excited and confident about this
key investment for ADF Group's future", added Mr. Paschini.
"We are very proud and excited to have this
world-class company choose Great
Falls for its western expansion", stated Mr. Brett Doney, President and CEO of Great
Falls Development Authority. "Situated between Calgary and Salt
Lake City, Great Falls is
well positioned for the high growth regions of western Canada and the U.S. We are impressed with
ADF's vision and professionalism, and look forward to supporting
the company's long-term growth and success in Montana".
"We are extremely excited with today's
announcement. Since our first communication, we've been nothing but
impressed with ADF and their people. The process to get this done
has required a lot of hard work on behalf of many; that said it's
also been a lot of fun to work together to make this a reality. ADF
is truly a family-run company that is going to fit in and be a huge
addition to the region of Great
Falls and is going to provide a lot of really good jobs for
hard working people. Making this happen is a testament to what we
are capable of in Great Falls",
added Mr. Jeremiah Johnson,
Vice President-Marketing of Great Falls Development Authority.
The work on the yard's infrastructure and the
ground breaking on the construction of the new facility are set for
the spring of 2013. Other expansion phases at this new facility
could be considered in future years, as demands grow.
About ADF Group Inc.
ADF Group Inc. is a North American leader in the
design and engineering of connections, fabrication 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.
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.
Image with caption: "Artist rendering of ADF's future new
structural steel fabrication plant to be built in Great Falls, Montana, U.S.A. (CNW Group/ADF
GROUP INC.)". Image available at:
http://photos.newswire.ca/images/download/20121105_C4630_PHOTO_EN_20140.jpg