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...And Another Contract
Jun 23, 2008 06:18PM
Empire Industries Ltd. reports award of $12 million oil sands subcontract
07:00 EDT Monday, June 23, 2008
EDMONTON, June 23 /CNW/ - Empire Industries Ltd. (TSX-V: EIL) ("Empire" or the "Company"), a provider of steel fabrication and installation services and specialized engineered products, today announced that one of its wholly-owned subsidiaries has secured a unit priced subcontract, expected to be worth in excess of $12 million, for a structural steel modularization project for Suncor's Voyageur expansion program near Fort McMurray, Alberta.
The scope of the subcontract, which was awarded by Ideal Welders Ltd. ("IWL"), calls for the assembly of 179 modules, totaling over 5,000 tonnes of structural steel at IWL's module yard outside Edmonton. The work will be undertaken over a period of approximately 15 months starting in October 2008. IWL has the main contract with Suncor for pipe fabrication, installation and modularization.
"Empire has more than tripled its field installation and shop fabrication capacity over the past two years and is in an excellent position to fulfill these types of contracts," said Guy Nelson, Chief Executive Officer of Empire. "We continue to aggressively pursue additional fabrication and installation opportunities throughout Western Canada to fully utilize the capabilities and capacity of the Company."