Here is some more interesting news..... Odd how the number of tons are always to be determined after design. Maybe its another tiny bridge? This is some more of that progress. Should be interesting to see if more states come on line....
DALLAS, Dec. 12 /PRNewswire/ -- STELAX Industries, Ltd. (OTC Bulletin Board: STAX) announced today it has been notified by The State of Maine Department of Transportation that Stelax's NUOVINOX reinforcing bar "rebar" has been selected to be used in constructing the Fort Kent bridge. Construction is scheduled for the fall of 1998. NUOVINOX is a carbon steel that is cladded with stainless steel and is priced substantially lower than solid stainless steel.
Mr. Harmon Hardy, Chairman and CEO of Stelax Industries, Ltd., stated the acceptance by the State of Maine, along with the previously announced State of Virginia agreement, are very positive endorsements of Stelax's NUOVINOX rebar. Mr. Hardy said, "The non-corrosive aspects of NUOVINOX make it a very a cost effective method of extending the life span of our nation's bridges."
The total tonnage requirement will be determined after design completion. Deliveries are anticipated in mid-year 1998.
Headquartered in Dallas, Texas, STELAX Industries' main activity is a specialized steel mill located in South Wales (United Kingdom). In addition to production of specialized steel products, it manufactures and markets a patented stainless steel alternative known as NUOVINOX.
SOURCE Stelax Industries, Ltd.
CO: Stelax Industries, Ltd.; State of Maine Department of Transportation
ST: Texas, Maine
IN: MNG
SU:
12/12/97 09:25 EST prnewswire.com
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