Automodular Awarded Renewal Contract.TORONTO Toronto (tərŏn`tō), city (1998 est pop. 2,400,000), provincial capital, S Ont., Canada, on Lake Ontario. Toronto is the largest city in Canada and since the 1970s has been one of the fastest-changing cities in North America, experiencing -- Automodular Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :AM) announces that it received today a contract renewal for the sub-assembly and sequencing business it carries out in its Whitby, Ontario Whitby (2006 population 111 184) is a town located east of Toronto on the north shore of Lake Ontario, and is the seat of Durham Region, Ontario, Canada. History facility. In total, Automodular's 2005 contract awards total approximately $375 million new business and $125 million renewal contracts. Automodular has announced a rights offering to raise approximately $2.25 million to support new orders, and is in discussions with a number of parties regarding $12 to $15 million in equipment financing for the related manufacturing facilities. In addition, Automodular recently entered into an agreement to lease a new 250,000 square foot facility to expand its Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. operations. The new facility will employ over 300 people and will begin operations in late 2006. Automodular Corporation (TSX:AM) |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion