CEMATRIX announces $9.9M in new contracts

CALGARY — CEMATRIX Corporation, a North American manufacturer and supplier of technologically advanced cellular concrete products announced that its wholly owned operating subsidiaries, which include CEMATRIX (Canada) Inc. (CCI), MixOnSite USA Inc. (MOS) and Pacific International Grout Company (PIGCO) have executed $9.9 million in new contracts and have been awarded $4.4 million in other projects by way of letter of intent upon which contracts are being processed.

Factoring in the $9.9 millon in contracts executed, converted contracts, the new net contracts in process of $4.4 million and sales completed to date, the corporation’s backlog remains at $82.0 million. With $38.7 million of the corporation’s backlog is now contracted and $43.3 million is contracts in process.

“The $9.9 million in contracts executed since our last contract announcement and the net $4.4 million increase in contracts in process are for geotechnical and tunnel infrastructure projects across North America,” said Jeff Kendrick, President and CEO, CEMATRIX. “The total contracts executed includes one $6.5 million tunnel project which is scheduled to commence in the spring of 2023. Many of the new projects contracted have or will be completed in 2022, but some of the new contracts, including the above noted tunnel project are scheduled for completion in 2023.”

“I am pleased with how this past quarter has and continues to shape up from a sales perspective. Our CEMATRIX group of companies continues to place a good volume of material, and we continue to replace all of that sold volume with new projects to keep our backlog in excess of $80 million. This continued sales growth bodes well for 2023 and beyond,” concluded Mr Kendrick.