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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (13951)12/1/1998 9:49:00 AM
From: Kerm Yerman   of 15196
 
IN THE NEWS / Major facility being built for service alliance

11/28/98
The Telegram

Construction is under way on facilities in Paradise for a major offshore oil-related service alliance.

The five-company alliance is building a 34,000-sq. ft. office and warehouse facility on a 15-acre site in St. Anne's Industrial Park in Paradise.

The $2.75 million facility is expected to be completed by early spring of next year, according to the town office.

The alliance is comprised of Canadian Offshore Industries Ltd., NOSO Ltd., East Coast Tubulars Ltd., Beattie Industrial Ltd.and Van Waters & Rogers Ltd.

Gary Whelan, managing director of Canadian Offshore Investments Ltd. of St. John's, said the industrial park, with its proximity to the Outer Ring Road and the Trans-Canada Highway, is the most strategically located industrial site in the region.

Paradise Mayor Diane Whalen said, “We hope and believe that this new development will be the stasrt of additional businesses for our industrial park.”

Ralph Wiseman, Topsail MHA, said to have suxh a major alliance established in Paradise will be a great economic boost for the district.
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