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March 7, 2007 |
Structal Lands $100 M Contract for the Structure of the New York Giants' and Jets' Stadium |
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(Boucherville, QC) – Structal-Heavy Steel Construction (“Structal”), a business unit of Canam Group Inc. (TSX: CAM), located in Point of Rocks, MD, has landed a contract to fabricate the steel structure that will be used to build the new football stadium owned jointly by the New York Giants and New York Jets. The contract awarded to Structal by Skanska Koch is valued at just over CAN$100 million, while the cost of building the stadium is estimated at nearly US$1.4 billion (CAN$1.7 billion). Skanska USA Civil has a prime design-build contract valued at US$998 million (CAN$1.2 billion).
This is the first time in football history that two professional teams have formed a partnership to build a new stadium. The 82,000-seat stadium is expected to open in 2010. It will be built between the Giants’ current stadium and the recreational Meadowlands Xanadu complex in East Rutherford, NJ. This complex, which is currently under construction, is another Structal project.
“Over the years, we’ve participated in the construction of 14 stadiums or sports facilities for professional teams,” says Structal president Luc Pelland. “Our reputation in the construction of complex projects and our commitment to customer satisfaction are Structal’s major trademarks.”
“The fact that we were awarded this contract is largely due to our tremendous production capacity and the expertise of our team,” adds Charlie Watson, president of Structal’s U.S. division.
Fabrication of the structural steel components will begin in the summer of 2007 at Canam Group’s St. Gédéon, QC and Point of Rocks, MD plants and will be completed around the end of 2008.
Skanska Koch, a division of Skanska, is a world-class company recognized for its complete range of services in the construction industry. Skanska Koch’s main office is located in Carteret, New Jersey.
Structal-Heavy Steel Construction is specialized in major and complex construction projects, complete with engineering support and design-build services as well as project management.
In recent years, Structal and Canam Group have been associated with many other complex and prestigious construction projects in North America, most recently two baseball stadiums in New York City. Other eminent Structal projects include the Patriots’ Stadium in New England; the Eagles’ Stadium in Philadelphia; the Newseum in Washington, DC; the Boston Convention & Exhibition Center; the Niagara Falls Casino; the Lester B. Pearson International Airport in Toronto; the Montréal-Trudeau International Airport; as well as a number of aluminum smelters for Alcan and Péchiney.
Canam Group Inc. is an industrial company operating 11 plants specialized in the design and fabrication of construction products and solutions. The company employs close to 3,000 people in Canada, the United States, Romania and India and has partnerships with companies in Mexico, France, Saudi Arabia, the United Arab Emirates and Russia.- 30 - |
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| Source: |
| Jasmin Gosselin |
Vice President, Communications
Tel.: 450-641-4000 (Boucherville)
Email:
www.canamgroup.ws
www.structalstructure.ws
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| Linda Norris |
Communications Manager
Tel.: 301-874-5141 (Point of Rocks)
Email:
www.canam.ws |
If you would like your name added to our distribution list for the Annual Report, Quarterly Reports, Annual Information Form and Notice of Annual Meeting or our distribution list for Press Releases, contact us, tel.: 450-641-4000, e-mail.
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