This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Layne Christensen Announces $90.9 Million Wastewater Project For Its Heavy Civil Division

MISSION WOODS, Kan., Sept. 6, 2012 (GLOBE NEWSWIRE) -- Layne Christensen Company (Nasdaq:LAYN) ("Layne" or the "Company") announced today that Islamorada, Village of Islands, Florida ("the Village") has approved a design-build-operate contract with Reynolds Water Islamorada, LLC ("Reynolds Water") for a centralized wastewater system. The system will satisfy the Village's requirement to implement a mandate from the Florida Department of Environmental Protection to eliminate all residential septic systems and private wastewater treatment plants in the Florida Keys by December 31, 2015.

Layne's Heavy Civil Division will perform the work on this project.

Engineering for the $90.9 million design-build project is expected to commence in the next month. Construction is expected to begin early next year and last for approximately 30 months. The project will provide a combination of vacuum and low pressure sewers to collect a projected 1.4 million gallons per day of wastewater from the four islands of the Village. It also includes a transmission system to transport the flow to Key Largo Wastewater Treatment District's regional treatment facility, where it will be treated by the District under an intergovernmental agreement with the Village.

The agreement with Islamorada culminates a more than 12-month selection process which started with eight national and international competitors.

Rene Robichaud, Chief Executive Officer of Layne, stated, "We appreciate the hard work and determination of the Mayor and Council, the selection committee, the Village employees, and consultants in bringing this landmark project to fruition. We also appreciate the efforts of our Reynolds Water team, who have dedicated many hours to deliver this opportunity to Layne."

He concluded, "This is another example of how the principles of our OneLayne operating philosophy are allowing us to pursue solutions-based project opportunities across all divisions and geographies."

Layne Christensen Company

Layne is a global solutions provider to the world of essential natural resources – water, mineral and energy. We offer innovative, sustainable products and services with an enduring commitment to safety, excellence, and integrity.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,217.95 +85.25 0.47%
S&P 500 2,108.98 +4.48 0.21%
NASDAQ 4,983.73 +20.2030 0.41%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs