Canam Aims to Be a Major Fabricator of Metal Construction Components and Boilers in France.JARNY, France--(BUSINESS WIRE)--May 10, 1996--THE CANAM MANAC GROUP(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , ME: CAM.A ) Canam inaugurated today a 2,500 square meter Noun 1. square meter - a centare is 1/100th of an are centare, square metre area unit, square measure - a system of units used to measure areas , FF31 million expansion of its plant in Jarny en Meurthe et Moselle, resulting in the creation of 60 new jobs. Addressing more than 300 guests and employees, Mr. Marcel Dutil Marcel Dutil (born 1942 in St-Georges-de-Beauce, Canada) is a Canadian businessman. In 1963, he began working at Canam Steel Works, a company founded by his father Roger Dutil in 1960. In 1973, he became CEO of his father company know known as the Canam Manac Group. , Chairman of the Board, President and Chief Executive Officer of The Canam Manac Group, said that Canam aims to be a major fabricator fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: of metal construction components and boilers in France within the next few years. The recently completed expansion allows for the centralization of the Yutz plant's boiler activities into more modern and better adapted installations, and the addition of a steel construction component production line with a capacity of 10,000 tonnes a year. Through the addition of this steel construction component line, the Jarny plant will complement the activities of Canam's Niort plant which specializes in the fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. of metal construction components and joists. The production capacity of this plant is 10,000 tonnes a year. Canam employs 160 people in Jarny in modern installations equipped with fabricating and handling capabilities for parts reaching up to 65 tonnes. Thanks to its highly qualified personnel, Canam produces a line of products including standard construction steel and steel for boilers. Canam employs over 230 people in France in its Jarny and Niort plants, and at its business office in Paris. Sales reached more that FF145 million in 1995, an increase of 33 percent compared to the previous year. Canam's total production in France rose to more than 11,000 tonnes in 1995. At the beginning of 1996, backlog was at a record level, 50 percent higher that last year. The Canam Manac Group is an industrial company specialized in the fabrication of steel structure components, semitrailers and forestry and snow removal equipment. It operates 18 plants in France, Canada, the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and Mexico providing work to about 3,500 people. In 1995, Group sales Group sales Block sale (of large amounts) of securities to institutional investors. group sales The distribution of a new security issue to institutional clients. totalled FF2.2 thousand million. CONTACT: The Canam Manac Group Jasmin Gosselin, 82.47.17.00 (Jarny) 514/641-4000 (Canada) |
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