By The Business Journal of Milwaukee

Energy Composites Corp., a Wisconsin Rapids-based manufacturer of composite products for the renewable energy industry, said Wednesday that it has received a multimillion-dollar order from a Canadian company.

Under the contract, Energy Composites (OTCBB: ENCC) will fabricate 76 large-diameter chemical storage tanks for a global mining company's new nickel processing plant in Newfoundland. Energy Composites will complete its work on the project under a subcontract from its strategic partner in Canada, AC Plastiques.

The company did not disclose the exact value of the contract, which it called the biggest in company history.

Production begins in August and will run well into 2011.

Energy Composites will produce 76 vertical, fiber-wound tanks in diameters from 20 feet to 6 feet. All tanks will be produced in its 73,000-square-foot Wisconsin Rapids plant. The tanks will then be taken to a shipping port on Lake Michigan so that they can more easily be shipped by barge to the Newfoundland site.

Copyright 2010 American City Business Journals
Copyright 2010