CEMATRIX Corporation announces $4.1M in new contracts
Factoring in these $4.1M in new contracts, the converted contracts and the sales completed to date, CEMATRIX’s backlog now totals $82.1 million.
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CALGARY — CEMATRIX Corporation a North American manufacturer and supplier of cellular concrete products announced that its wholly owned operating subsidiaries, which include CEMATRIX (Canada) Inc., MixOnSite USA Inc. and Pacific International Grout Company have executed $4.1 million in new contracts, none of which was previously characterized as contracts in process.
Factoring in these $4.1M in new contracts, the converted contracts and the sales completed to date, the Corporation’s backlog now reportedly totals $82.1 million. $20.9 million of the Corporation’s backlog is Contracted and $61.2 million is Contracts in Process.
“These new contracts mainly represent new projects of various sizes all under $1 million, and all of which are scheduled to be completed in the current year,” stated Jeff Kendrick, CEMATRIX President and CEO. “These new projects are infrastructure related and are situated throughout the United States and Canada. As expected, bid activity for infrastructure and tunnel projects throughout North America continues to remain strong and even with recent supply chain issues, we continue to be informed by our customers that they don’t expect any further COVID delays.”
The Corporation’s Backlog is defined as Contracted plus Contracts in Process net of sales completed to date.
CEMATRIX is a company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America.