Cedar Group, Inc.'s subsidiary, Dominion Bridge signs US$20 million of new contracts.MONTREAL, Canada--(BUSINESS WIRE)--March 7, 1996--Cedar Group Inc.'s (NASDAQ/NMS:CGMV; VSE See DOS/VSE.VSE - Virtual Storage Extended :CGM (1) (Computer Graphics Metafile) An ISO/IEC standard format for 2D graphics images introduced in 1987. Primarily a vector graphics format for technical illustrations and geophysical visualizations, CGM also supports raster graphics and text. ) wholly owned infrastructure company, Dominion Bridge, Inc.("DB"), has been awarded three new contracts totalling US$20.0 million. South Shore Plaza South Shore Plaza is one of New England's largest shopping malls. It is anchored by Lord & Taylor, Macy's and Sears and currently measures at almost 1.2 million ft² of retail and dining space, including a large food court. , Boston The first contract is the South Shore Plaza expansion project. DB's Eastern Division has been awarded a contract to supply and erect 2,500 tons of fabricated steel for the vertical expansion of South Shore Plaza, one of Boston's largest suburban malls. The mall will remain open during construction, presenting an exciting challenge to DB, who is also responsible for the enhancement of the existing steel structure and demolition within existing stores to facilitate installation of new steel. This project has commenced and is scheduled for completion on Aug. 1, 1996. JFK Airport, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of The second project awarded to DB's Quebec Division calls for the supply, fabrication and delivery of 2,000 tons of structural steel for the new $700 million Terminal One Development at New York's JFK Airport. The project is scheduled to begin on June 1, 1996 and to be completed by October 1996. Mackenzie Pulp Project, British Columbia The third contract awarded to DB's Western Division with Fletcher Challenge Canada Ltd., calls for civil and structural engineering, pipe fabrication and installation, equipment installation, tank fabrication and installation, cladding, architectural finishing, electrical and instrumentation for the Mackenzie Pulp - Short Fiber Digester di·gest·er n. 1. One that makes a digest. 2. Chemistry A vessel in which substances are softened or decomposed, usually for further processing. Noun 1. Project, in MacKenzie, British Columbia Mackenzie is a small town in central British Columbia, Canada, and is a municipality within the Fraser-Fort George Regional District. The settlement is located at the south end of Williston Lake. . This project is scheduled to start on April 1, 1996 with an October 15, 1996 completion date. Nicolas Matossian, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. noted that, "These contracts are the result and the extension of management's efforts in marketing its capabilities in these key markets and industries. Dominion Bridge has targeted the pulp and paper market as one of its key industry sectors and has reasserted its competitive advantages for the U.S. market. It also serves as evidence that DB has the ability to service it industry from coast to coast." Cedar Group, Inc. registered in Conshohocken, Pa., and headquartered in Montreal, Canada, is an international engineering infrastructure project management, aerospace and industrial metal transformation company. Cedar Group Inc.'s subsidiary, Dominion Bridge, Inc. has 115 years of experience and has a long-term successful record in international development projects. -0- This news release is neither approved nor disapproved by the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). . CONTACT: Cedar Group, Inc. Eric Boyd 514/634-3550 or Strategic Growth International Stan Altschuler/Richard Cooper 516/829-7111 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion