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Gold/Mining/Energy : Imperial PlasTech Inc. - IPQ.TO
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To: Senator949 who started this subject7/27/2000 4:55:34 PM
From: bafan_57  Read Replies (1) of 23
 
JULY 25 GLOBE AND MAIL: "A BUNCH OF THINGS IN THE WORKS"
The Toronto-based company's stock price soared to a 52-week high yesterday on volume of more than two million shares, making it the fourth heaviest traded equity on the Toronto Stock Exchange. Imperial Plastech makes plastic pipe and conduits for three sectors, including the red-hot fibre-optic cable market. The company is a major supplier of plastic conduit for 360Networks Inc. in Canada and Williams Communications Group Inc. in the United States. "As they build their networks, we're essentially growing with them," said Victor D'Souza, Imperial PlasTech president and chief executive officer. He added that many different sectors, including hydro, railway, and oil and gas companies, are laying fibre-optic lines now, and that requires "a lot of plastic." The president said the company has "a bunch of things in the works," but nothing he could talk about yet.
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