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Gold/Mining/Energy : SNC

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To: Gilbert Drapeau who wrote (158)5/18/2001 4:37:39 PM
From: Gilbert Drapeau  Read Replies (1) of 161
 
SNC-Lavalin Obtains a $120 Million Contract in Turkey

MONTREAL, QUEBEC--MAY 18, 2001 - 15:11 EDT
SNC-Lavalin and a local Turkish company have, as
part of a consortium, signed a CDN$120 million lump sum turnkey
contract with Eti Holding S.A. of Ankara, Turkey, for the
establishment of a pyrite burning sulfuric acid plant.
SNC-Lavalin will be leading the consortium.

The turnkey contract comprises engineering, procurement,
construction, commissioning and start-up of the plant.

The plant will be built at Bandirma, Turkey where the client is
expanding its production of boric acid. At full capacity, the
plant will produce 750 tonnes per day of 100 percent sulfuric
acid.

Work is starting immediately and the plant is scheduled for
start-up in May 2003.

SNC-Lavalin has completed similar plants in Canada, Norway, Mexico
and Chile.

SNC-Lavalin Group is one of the leading engineering and
construction firms in the world, and a key player in the ownership
and management of infrastructure. The group and its companies
have offices across Canada and in 30 other countries, and are
currently working in some 100 countries. The company is listed on
the Toronto Stock Exchange (symbol: SNC).
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