ADF Group Inc T.DRX

Alternate Symbol(s): ADFJF

Steel Steel

ADF Group Inc. is a Canada-based company. The Company is engaged in the design and engineering of connections, fabrication, including the application of industrial coatings, and installation of complex steel structures, heavy steel-built ups, as well as in miscellaneous and architectural metals for the non-residential infrastructure sector. Its products and services are intended for the five principal segments of the non-residential construction industry: office towers and high-rises, commercial and recreational buildings, airport facilities, industrial complexes, and transport infrastructure. The Company operates two fabrication plants and two paint shops, in Canada and in the United States, and a Construction Division in the United States, which specializes in the installation of steel structures and other related products. It has the capacity to manufacture approximately 125,000 tons of structural steel annually.

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ADF Group Inc > use of cash

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Comment by lifeisgood1010on Jun 07, 2023 3:45pm

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Post# 35485104

RE:RE:RE:use of cash

Again , i agree on that one.In the CC, they said that it would be a smaller line with no escalation cost
and that the learning curve would be a lot easier.

I think, they what to build extra financial strenght before commiting to another asset expansion.

But from what we are withnessing, this automated line is really a game changer for DRX.

At 1/6 of man power to produce the same tonnage, we are already see the margin improvement and that is just the beginning.

The best is yet to come.

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