Cematrix Corp (TSE:CVX) has released an update.
CEMATRIX Corporation has secured $7.6 million in new contracts, including two major projects in the U.S. worth over $1 million each, contributing to the company’s growth in the cellular concrete market. Despite this expansion, the company faces a $17 million reduction in its backlog due to a downsized tunnel project, resulting in a revised total backlog of $80.6 million. Management remains optimistic about minimal impact on current year’s operations and continued market growth in North America.
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