Dominion Bridge announces US$40 million in contract awards.MONTREAL--(BUSINESS WIRE)--June 21, 1996--Dominion Bridge Corp., formerly Cedar Group Inc., (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. ) -- announced today that it has recently been awarded a total of US$40 million in contracts for its Dominion Bridge Inc. and Steen Becker wholly-owned subsidiaries. The US$40 million in new work includes a contract for US$12.5 million to Dominion Bridge Inc. for mechanical installation at Cominco's lead smelter facility located in Trail, British Columbia Trail () is a city in the Kootenays region of the interior of British Columbia, Canada. It is the seat of the Kootenay Boundary Regional District. Geography Trail has an area of 34.78 km². . A second contract, valued at US$7 million, starting in July 1996 is for the supply and erection of the steel structure for the Windsor Casino, located in Windsor, Ontario Windsor is the southernmost city in Canada and lies at the western end of the heavily populated Quebec City-Windsor Corridor. Windsor is located directly south of Detroit and is separated from that city by the Detroit River. The city has views of the Detroit skyline. . The balance of contracts for Dominion Bridge Inc. amount to another US$6 million for the Western Canada Division and US$10 million for the Quebec Division. Steinar Knai, chief executive officer of Steen Becker, the group's industrial mechanical contractor concurrently announced it had signed a US$7 million contract for the installation of major equipment at an Energy From Waste Plant in Charlottetown, Prince Edward Island Prince Edward Island, province (2001 pop. 135,294), 2,184 sq mi (5,657 sq km), E Canada, off N.B. and N.S. Geography One of the Maritime Provinces, Prince Edward Island lies in the Gulf of St. . It was also announced that McConnell Dowell Corp., Dominion Bridge Corporation's 78% owned Australian subsidiary reported work in hand of US$115 million up $US12 million in the month of April. 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. of Dominion Bridge Corp., commented that, "this performance signals the first results of the coordinated efforts of the company's units and of the group's concerted marketing strategy." Cedar Group Inc., a Delaware corporation registered in Conshohocken, Pa. is an international engineering, infrastructure company, employing advanced materials technology with operations and projects in North America, Europe and Asia. All figures stated are in U.S. dollars. 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 |
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