Cominar and CANAM show net gains for 2014

Cominar and CANAM show net gains for 2014

Quebec City, St. Georges (Quebec) 28 February 2015 – Cominar, Quebec’s largest properties owner and the third largest in Canada, had a good year in 2014.

The CEO of Cominar, Michel Dallaire, announced this week that the company had bought $2 billion dollars worth of real estate over the last year adding 8.1 square feet of floor space, 3 million of which is in Toronto, giving the company a total of 45.3 million square feet spread out across Canada. The company now owns 563 different buildings in the commercial and industrial sectors, with properties in Quebec, Ontario, the Maritimes and Western Canada.

The CEO, Michel Dallaire is the promoter of the new “Phare” building which the company would like to build in the commercial area of St. Foy, which could become a beacon for the city of Quebec.

In St. Georges de Beauce, the company CANAM, who makes steel beams and structures for the construction of steel buildings throughout North America, showed an increase of 36.2 % in revenues just for the last quarter of 2014.

For the whole year of 2014 the company brought in $1.2 billion in revenue, an increase of 19.9% over the preceding year 2013.

CANAM sells 80% of its products to the United States and predicts that 2015 is going to be another record year due to some major structures that are going to be built in the coming years.

Some of those projects are a new NFL stadium in Atlanta, a new arena for the Edmonton Oilers NHL team and several other buildings in New York City.

The company supplies structural metal and beams for stadiums, skyscrapers and any buildings requiring steel frames.

They exploit about 10,000 projects a year and have 22 factories in North America.

Categories: Business, News

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