- CEMATRIX Corporation (CVX) has announced that its wholly-owned operating subsidiaries have executed $4.2 million in new contracts
- The subsidiaries have also been awarded $3.1 million in other projects by way of a letter of intent upon which contracts are being processed
- The subsidiaries include CEMATRIX (Canada) Inc. (CCI), MixOnSite USA Inc. (MOS) and Pacific International Grout Company (PIGCO)
- CEMATRIX manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America
- CEMATRIX Corporation was unchanged at $0.14 at 10:10 AM ET
CEMATRIX Corporation (CVX) has announced that its wholly-owned operating subsidiaries have executed $4.2 million in new contracts.
The subsidiaries, which include CEMATRIX (Canada) Inc. (CCI), MixOnSite USA Inc. (MOS) and Pacific International Grout Company (PIGCO), have also been awarded $3.1 million in other projects by way of a letter of intent upon which contracts are being processed.
When $4.2 million in executed projects, converted contracts, the new net contracts in process of $3.1 million and sales completed to date are all put into consideration, the corporation’s backlog remains strong at $83.6 million.
$34.7 million of the corporation’s backlog is now contracted, and $48.9 million in contracts in process.
“The $4.2 million in contracts executed since our last contract announcement and the net $3.1 million increase in contracts in process are for geotechnical and tunnel infrastructure projects across North America,” stated Jeff Kendrick, CEMATRIX President and CEO.
“Demand remains strong and is reflected in the robust backlog total; we had a good quarter from a sales perspective, and we expect sales for the balance of the year to remain strong, provided our cement supply remains steady,” he added.
CEMATRIX manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America.
CEMATRIX Corporation was unchanged at $0.14 at 10:10 AM ET.
