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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: SofaSpud who wrote (10882)	5/25/1998 5:02:00 PM
From: SofaSpud	Read Replies (9) \| Respond to of 15196

SERVICE SECTOR / Enerflex Expands Plant ENERFLEX SYSTEMS LTD. ANNOUNCES INCREASED INVESTMENT IN NEW MANUFACTURING FACILITY CALGARY, May 25 /CNW/ - Enerflex Systems Ltd. announced today that it is increasing its investment in its new manufacturing facility currently scheduled to begin construction this summer. Enerflex had previously announced that it was proceeding with a major expansion of its manufacturing facilities and had agreed to acquire 40 acres of land from the City of Calgary. The company has been working with a team of industrial engineers and facilities consultants over the past several months and has determined that an opportunity exists to incorporate sophisticated, leading-edge manufacturing technology into its new facility which will significantly increase productivity and capacity. The new facility has been designed to include an expanded, multiple bay assembly concept for larger offshore projects, heavy lift overhead crane capacity for improved material and unit handling and state-of-the-art paint facilities. The new facility, which is scheduled to be in operation in the first quarter of 1999, will be built for an estimated net cost, including land, of $32 million after the sale of the existing manufacturing plant. Financing will be provided from current operating cash flows. Once completed, the new manufacturing plant will be the most efficient and sophisticated compressor packaging facility in the world. Enerflex manufactures, services and leases compressor systems for the production and processing of natural gas. In addition, the Company manufactures and services gas fuelled power generation systems. Enerflex is based in Calgary, Alberta and markets its products and services worldwide. -30- For further information: P. John Aldred, Chairman & C.E.O., (403) 236-6806, Fax: (403) 236-6816, Malcolm R. Cox, President & C.O.O., (403) 236-6852, Fax: (403) 720-4385, Robert S. Woodward, Vice President & C.F.O., (403) 236-6857, Fax: (403)236-6816