SNC-Lavalin debooks hydrocarbons & chemicals project in Alberta

MONTREAL, Dec. 21, 2012 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) has received a notice of termination for convenience from its client related to a fixed-price EPC contract it was awarded in November 2011 for a froth treatment plant in Fort McMurray, Alberta. The notice is effective immediately.

This project will be debooked from the Company's backlog in the fourth quarter 2012. The Company does not currently anticipate that this termination will have a material impact on its fourth quarter earnings.

SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure, and in the provision of operations and maintenance services. Founded in 1911, SNC-Lavalin has offices across Canada and in over 40 other countries around the world, and is currently working in some 100 countries.
www.snclavalin.com.

SOURCE SNC-LAVALIN



More by this Source

Best of Content We Love 2014 


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.