Printer Friendly

STONE & WEBSTER CLARIFIES EARLIER RELEASE REGARDING CONTRACT FROM MALDEN MILLS INDUSTRIES, INC.

NEW YORK, March 7 /PRNewswire/ -- Today, in an earlier release, Stone & Webster, Incorporated (NYSE: SW) announced the award of two contracts from Malden Mills Industries, Inc. of Lawrence, Massachusetts. As a clarification, the $200 million figure cited in the earlier release represents an engineer's preliminary estimate of Stone & Webster's share of the Malden Mills Industries, Inc. rebuild program and includes the building construction cost and the cost of purchasing and installing manufacturing equipment. Malden Mills Industries, Inc. is continuing to assess the specific rebuilding program requirements and the total scope of the work.
 -0- 3/7/96


/CONTACT: Jeremiah P. Cronin of Stone & Webster, 212-290-7484/

(SW)

CO: Stone & Webster, Incorporated; Malden Mills Industries, Inc. ST: New York, Massachusetts IN: CST SU: CON

TM -- NYTH105 -- 1391 03/07/96 18:35 EST
COPYRIGHT 1996 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 7, 1996
Words:131
Previous Article:AMERICAN STOCK EXCHANGE DAILY REPORT
Next Article:/NYSE CLOSING, THURSDAY, MARCH 7/

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters