LATEST NEWS Trade Contracting
September 24, 2012
CVTech subsidiary Thirau of Quebec signs electrical utility contracts worth US$68.8 million
Thirau LLC of Drummondville, Quebec has inked three electrical utility contracts in the New York City, parent firm CVTech Group Inc. recently announced.
One contract, valued at $35.4 million, is for services for networks in the New York City borough of Bronx and in Westchester County, located north of the city. Another contract, valued at$15.8 million, is for services for networks located in the boroughs of Brooklyn, Queens and Staten Island. All figures are in U.S. currency.
A third contract, worth $17.6-million, is for services for networks in the northwestern suburbs of New York City, replacing an existing agreement.
The announcement comes five months after CVTech announced that Thirau signed nearly $30 million worth of contracts with Hydro Quebec.
Thirau provides services to electrical power utilities for the maintenance of transmission and distribution lines. Another CVTech subsidiary, Riggs Distler, provides maintenance and construction services to the utility and heavy industrial markets. Riggs Distler announced in March it will operate a facility in Stouffville, Ontario, about 50 kilometres north of downtown Toronto.
Through CVTech-IBC Inc., the firm designs, manufactures and sells continuously variable power transmission (CVT) systems. CVTech-AAB Inc. specializes in rebuilding crankshafts and cylinders and in distributing engine parts.
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