Aecon awarded $93 million in energy backlog plus $85 million in annual recurring revenue

TORONTO, April 14, 2015  - Aecon Group Inc. (TSX:ARE.TO ) announced today that it has been awarded contracts by five key clients for work in Aecon's Energy segment in Ontario.  The value of work is approximately $93 million in hard backlog and approximately $85 million in annual recurring revenue. 

Under the first agreement, Enbridge Gas Distribution awarded Aecon a significant pipeline facilities project for work at 11 Enbridge sites, valued at approximately $40 million.  Work has begun and is expected to be complete in the third quarter of 2015.  

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LP Agrees to Acquire Ainsworth, Advancing Its Global Leadership in Strand-Based Wood Products and Technologies

Louisiana-Pacific Corporation (“LP” or the “Company”) (NYSE:LPX - News) and Ainsworth Lumber Co. Ltd. (TSX:ANS.TO - News) (“Ainsworth”) today announced that they have signed a definitive agreement under which LP will acquire all of the outstanding common shares of Ainsworth for a total consideration which equates to C$3.76 per Ainsworth common share, based on the closing price of LP common shares on September 3, 2013.

The proposed transaction, which has a total value of approximately USD$1.1 billion, including the assumption of debt less Ainsworth’s estimated cash balance, represents a premium for Ainsworth shareholders of 30% relative to the closing price of Ainsworth shares of C$2.89 and 24% to the volume weighted average trading price of Ainsworth shares on the TSX over the past 20 trading days as of September 3, 2013.

Read more: Ainsworth Lumber Co. Ltd ( ANS )

Aecon Mining awarded $80 million contract at potash mine

- - Site preparation and early works on new mine in Saskatchewan - -

Aecon Group Inc. (TSX:ARE) announced today that its Mining Division has been awarded a contract valued at approximately $80 million for work at a new potash mine, located approximately 140 kilometres east of Saskatoon, Saskatchewan.

Under the unit price contract, Aecon Mining will conduct site preparation and early works, including site grading, construction of temporary roads, preparation of sediment ponds, and layouts for the camp.  Work at the site has begun and is scheduled for completion in the fall of 2012.

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Cavico Awarded $7.75 Million Tunnel Construction Contract for Song Giang 1 Hydropower Plant

Cavico Corp. (Nasdaq:CAVO) ("Cavico" or the "Company"), a major infrastructure construction, infrastructure investment, and natural resources conglomerate based in Vietnam, today announced that its subsidiary, Cavico Hydropower Construction, has signed a tunnel construction contract with Song Giang Hydropower Joint Stock Company for the Song Giang 1 hydropower plant in Khanh Vinh District, in central Vietnam's Khanh Hoa Province. The cost-adjustable contract is valued at approximately $7.75 million.

The twin-unit plant, which is located 31 miles from Nha Trang city, will have a 24-MW annual capacity once it becomes operational. Song Giang Hydropower Joint Stock Company expects to invest a total of $23.2 million in the plant.

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China ACM Wins Xi'an High-Speed Railway Concrete Service Contract

China Advanced Construction Materials Group, Inc. (Nasdaq: CADC), ("China ACM" or the "Company") a leading provider of ready-mix concrete in China, today announced that the Company has signed a definitive contract to provide its ready-mix concrete service to the high-speed railway project between Xi'an and Ankang, the largest city in southern Shanxi Province.

China ACM will provide technical counseling for the production of 270,000 cubic meters of ready-mix concrete. Equipment for the portable mixers has arrived on site and production will commence in February 2010. Duration of the project is estimated to be 20 months. Revenues for this contract are an estimated $3 million with an estimated $800,000 net income.

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