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September 14, 2006 |
| Structal Secures $40 Million Contract To Supply Steel Structure for New Yankee Stadium |
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(BOUCHERVILLE, QC) – Structal-Heavy Steel Construction, a business unit of Canam Group Inc. (TSX: CAM), located in Point of Rocks, MD, announced today that it has secured a CAN$40 million contract from Koch Skanska for the fabrication of the structural steel that will be used to build the new Yankee Stadium in New York. The total cost of this construction project is estimated at US$800 million (CAN$900 million).
The new Yankee Stadium, with a seating capacity of 51,800, will be built across from the existing Yankee Stadium at the intersection of 161st and 164th Streets and Jerome and River Avenues. The new ballpark is expected to open in the spring of 2009, just in time for the start of the baseball season.
“We are delighted to be associated with such a prestigious project as the new Yankee Stadium,” said Structal president Luc Pelland. “It attests to Canam’s expertise as well as to its proven record of building large-scale projects such as sports facilities, convention centers and airports and successfully carrying out major projects simultaneously.” Charlie Watson, president of Structal’s U.S. division, added, “We were a part of Skanska’s team previously for the Patriots’ Stadium in New England. Securing this contract is a recognition of our talent and commitment to customer satisfaction.”
Fabrication of the structural steel components will begin in December 2006, mainly at our St. Gédéon and Point of Rocks plants, and end in December 2007.
Technyx, a business unit of Canam Group that provides outsourcing services in the industrial detailing sector, will be producing the shop drawings of the new Yankee Stadium for Structal-Heavy Steel Construction. Jean Thibodeau, president of Technyx, pointed out that the drawings will be based on a 3D model. “This is a first for Technyx,” he said. “This partnership will ensure better integrity of data transferred from the engineering phase to the shop fabrication phase of the project. The trend toward integrated technologies throughout a construction project is innovative in our industry and will certainly change our practices in the future.”
Koch Skanska, a division of Skanska, is a world-class company recognized for its complete range of services in the construction industry. Koch Skanska’s main office is located in Carteret, New Jersey.
Structal-Heavy Steel Construction is specialized in major and complex projects that include engineering support, design-build and project management.
In recent years, Structal and Canam Group Inc. have been associated with many other eminent construction projects in North America, including the Patriots’ Stadium in New England, the Eagles’ Stadium in Philadelphia, the Newseum in Washington, DC, the Boston Convention & Exhibition Center, the Connecticut Convention Center, the Niagara Falls Casino, Lester B. Pearson International Airport in Toronto, Montréal-Trudeau International Airport, as well as a number of aluminum smelters and office towers.
Canam Group Inc. is an industrial company operating 11 plants specialized in the design and fabrication of construction products and solutions. The company, which employs close to 3,000 people in Canada, the United States, Romania and India, also has joint ventures in Mexico, France, Saudi Arabia, the United Arab Emirates and Russia.
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| Source: |
| Jasmin Gosselin |
Vice President, Communications
Tel.: 514-951-4736
E-mail:
www.canamgroup.ws
www.structalstructure.ws
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