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CEMATRIX Corp T.CEMX

Alternate Symbol(s):  CTXXF

Industrials Engineering & Construction
CEMATRIX Corporation is a Canada-based company, which manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America. It is engaged in the supply and placement of cellular concrete. The Company’s cement-based material with thermal protection, which delivers a range of problems facing the infrastructure, industrial, energy and commercial markets. It supplies and installs lightweight cellular concrete with a cast density as low as 400 kg/m3. Its cellular concrete is commonly used as an insulation material for oil and gas facility slabs, roadways, shallow utilities and contaminated site remediation that requires ground heating. Its applications include retaining wall and bridge approach backfill, roadways and runways, and slope stabilization. Its wholly owned operating subsidiaries include CEMATRIX (Canada) Inc. (CCI), MixOnSite USA Inc. and Pacific International Grout Company.


TSX:CEMX - Post by User

CEMATRIX Corp
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Post by prospector001on Apr 13, 2022 1:56pm
185 Views
Post# 34601147

Infrastructure Sector is Recession Proof

Infrastructure Sector is Recession ProofThe money has already been budgeted by governments and the dollars allocated to infrastructure for the next several years.

From the latest company MD&A;

Key Projects Shift into 2022

The drop in sales this quarter and year to date is mainly attributed to delay in the $16 million North Carolina project that was originally scheduled to require our cellular concrete starting in the second quarter of 2021. After numerous delays, the project got underway this fall, so the requirement for our product is now scheduled for the spring/summer of 2022. The scheduling of tunnel projects also contributed to reduced sales to date in the U.S. There are numerous tunnels in our backlog, but most are not scheduled to be completed until 2022 and beyond. In contrast to the lower sales results to date in the US, sales in Canada have rebounded strongly, from the low last year due to COVID, up over 66% year to date and up almost 100% this quarter compared to 2020.

https://www.cematrix.com/_resources/financials/2021q3mda.pdf

GLTA
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