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!

Structal-Bridges Lands Two Major Contracts In Newfoundland And Labrador And Massachusetts

SAINT-GEORGES, QC, April 25, 2013 /PRNewswire/ - Structal-Bridges, a division of Canam Group Inc. (TSX: CAM), has secured two large contracts totaling close to $60M for the fabrication of the steel structures that will replace the Sir Ambrose Shea Lift Bridge in Placentia, located in the province of Newfoundland and Labrador, Canada, and the John Greenleaf Whittier Memorial Bridge, which overlooks the Merrimack River between Newburyport and Amesbury in the state of Massachusetts.

Project in Newfoundland and Labrador In this project, a joint Venture comprised of H.J. O'Connell Construction Ltd. and Vancouver Pile Driving Ltd. awarded Structal-Bridges the contract to fabricate and install various components for the new vertical lift bridge, including the approaches. In all, close to 1,100 tons of steel will be transformed by Structal-Bridges in the scope of this contract. Fabrication is slated to begin in August 2013 at the Canam Group plant in Quebec City.

Project in Massachusetts Mandated by Walsh Construction Company, this project calls for the fabrication of over 10,000 tons of steel components for the new Whittier Bridge that's being erected as part of the I-95 Improvement Project in Massachusetts. The Canam Group plants in Claremont, New Hampshire, and Point of Rocks, Maryland, will share the fabrication work, which is scheduled to be carried out between August 2013 and April 2015. Deliveries for this project will start in December 2013.

Robin Lapointe, Vice President, Structal-Bridges, commented: "The Whittier Bridge project is our fifth major contract in collaboration with Walsh Construction Company, which is a prime indicator of the relationship of trust that's developed between the two companies. The expertise we've acquired in the installation of complex steel bridges also placed Structal-Bridges in a favorable position to obtain the Placentia bridge project." 

About Structal-Bridges Structal-Bridges is a North American manufacturer of steel bridges, structural bearings and expansion joints. In addition to its Quebec City plant, which opened in 1956, the company operates a plant in Laval, another in the state of New Hampshire, and also occupies a section of the Canam Group plants in Saint-Gédéon-de-Beauce, Quebec, and Point of Rocks, Maryland. Structal-Bridges serves the highway and railway bridge sectors in Canada and numerous states in the U.S.

About Canam Group Inc. Canam Group is the largest fabricator of steel components in North America. Specialized in designing construction solutions and fabricating customized products since 1961, Canam Group takes part in an average of 10,000 construction projects each year in three activity sectors: buildings, structural steel and bridges. The Corporation operates 20 plants across North America and employs 3,400 people in Canada, the United States, Romania, India and Hong Kong

An architectural rendering of the Whittier Bridge project is available upon request.

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 17,776.12 -200.19 -1.11%
S&P 500 2,067.89 -18.35 -0.88%
NASDAQ 4,900.8850 -46.5560 -0.94%

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