COMPANY NEWS: Mulvey + Banani, MMM Group, Stantec, AMEC Foster Wheeler, SNC-Lavalin
Consulting engineers Mulvey and Banani have been involved in seven of the venues that have been built or upgraded for the upcoming Pan Am/Parapan Am Games in Toronto. They are the Pan Am/Parapan Am Fields U of T Field Hockey Centre; the CIBC Athletics Stadium at York University; the CIBC Aquatics Centre and Field House at U of T, Scarborough; the CISCO Milton Velodrome; the Atos Markham Centre; and the CIBC Hamilton Soccer Stadium.
A $60,000 transit feasibility study was approved by Innisfil town council in southern Ontario in early May. The study was awarded to MMM Group, who were selected out of seven respondents to a request for proposals. Innisfil is close to the city of Barrie.
Stantec has published its 8th Annual Sustainability Report. The report covers the company’s activities in areas such as environmental efficiency, community investment, diversity and health and safety. For example, the company is tracking its GHG emissions related to business travel, “one of the most energy-intensive aspects of its business operations.” Stantec has also committed to participating in the United Nations Global Compact, and Global Compact Network Canada. The worldwide alliance of more than 8,000 companies in 145 countries addresses universal principles related to human rights, labour, the environment and anti-corruption.
AMEC Foster Wheeler has been awarded a seven-year contract for the world’s largest nuclear fusion project. The contract is with Fusion for Energy (F4E) for developing the Neutral Beam Cell Remote Handling System on the ITER fusion reactor at Cadarache in the South of France.
SNC-Lavalin of Montreal announced its first quarter results for 2015 on May 7. In terms of the engineering and construction, operations and maintenance sectors, net income for the first quarter of 2015 was $67.0 million, or $0.44 per diluted share, compared to $30.8 million, or $0.20 per diluted share, for the first quarter of 2014. The first quarter 2015 E&C results included: $37 million for a one-time net foreign exchange gain; $21 million of amortization of intangible assets in connection with the acquisition of Kentz; and $7.9 million of acquisition-related costs and integration costs in connection with the acquisition of Kentz, a global oil and gas company with 15,500 employees in 36 countries. Click here to read SNC-Lavalin’s press release.