August 20, 2012
Massive oilsands workcamp contract signed
Horizon North Logistic Inc. has received a $140 million contract to provide manufactured housing for up to 1,900 people in the Fort McMurray oilsands region in northern Alberta.
The company said it will manufacture the 750-unit dormitory complex at its factory in Kamloops, B.C., starting in the fourth quarter. It didn’t name the customer in Monday’s announcement but described it as a major operator.
Horizon North currently employs 450 people at its Kamloops plant but chief executive Bob German said it plans to increase its workforce by 25 per cent.
The Calgary-based company’s stock was up 11 cents at $7.04 at midday. Earlier Horizon’s stock hit a record high of $7.10.
News from © Canadian Press Enterprises Inc., 2012
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