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Synalloy's Metal Subsidiaries Awarded US$22.5 Million for Two Fabrication Projects
08/16/2013 - Synalloy Corporation, a company that engages in a number of diverse business activities including the production of stainless steel pipe, fiberglass and steel storage tanks, specialty chemicals and fabrication of stainless and carbon steel piping systems, announced that its Synalloy Fabrication subsidiary secured US$22.5 million in new fabrication bookings in the past two weeks.
These bookings are comprised of a Louisiana chemical plant project amounting to US$15.8 million and a Baltimore, Md.-based waste water treatment project for US$6.7 million. Both of these projects should ship complete during 2014 based on the respective project schedules and increased staffing at our Bristol, Tenn., and Crossett, Ark., production facilities. The recent bookings increased our Synalloy Fabrication backlog to more than US$58 million, an increase of 200% from 1 January 2013 and the largest backlog in more than a decade.
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