Bovar Inc. - Beiseker Facility Closes.CALGARY, Alberta--(BUSINESS WIRE)--Dec. 30, 1996--(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BVR BVR Beyond Visual Range BVR Business Valuation Review (journal) BVR Biliverdin Reductase BVR Bureau of Vocational Rehabilitation BVR Bulletin de Versement (French) .) BOVAR Waste Management ("BOVAR"), a division of BOVAR Inc. announces the closure of its Beiseker biomedical waste treatment facility due to the company's consolidation of its waste processing operations at the Swan Hills Treatment Centre. The waste previously received for incineration incineration the act of burning to ashes. at the Beiseker facility will now be processed at the Swan Hills Treatment Centre. BOVAR has written down the Beiseker facility on the basis of a recent appraisal of the land and buildings and management's estimate of the resale value of the kiln, pollution control and related equipment. The company will recognize a loss of approximately $3.6 million with respect to this write-down in the fourth quarter. BOVAR Inc., listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol BVR, is one of Canada's leading international providers of environmental and waste management products and services. BOVAR operates and is the owner of Canada's only fully integrated hazardous waste treatment facility which is located near Swan Hills, Alberta Swan Hills is a town (incorporated January 1, 1967) in northern Alberta, Canada. It is located km ( mi) north of Whitecourt at the junction of Highway 32 and Grizzly Trail. Swan Hills is located in Municipal District of Big Lakes within census Division No. 17, Alberta. . BOVAR's services are provided through BOVAR Waste Management, BOVAR Western Research and BOVAR Environmental. CONTACT: Bovar Inc., Calgary Monty L. Davis, 403/235-8302 bovarinc@bovar.co Daryl W. Ferko, 403/235-8329 |
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