- CEMATRIX (CVX) has announced new contracts worth C$4.5 million
- The contracts are for infrastructure projects, including roads and bridges, in Western Canada and the U.S.
- The company’s backlog of projects continues to grow, with a current value of $23 million
- CEMATRIX provides innovative solutions for the construction industry using cellular concrete technology
- CEMATRIX (CVX) is unchanged trading at $0.16 per share
CEMATRIX (CVX) has announced new contracts worth C$4.5 million.
The contracts pertain to infrastructure projects in Western Canada and the U.S., including roads and bridges, and will contribute to the company’s growing backlog, which currently stands at $23 million.
The company’s backlog has been growing steadily due to the increasing demand for sustainable and eco-friendly building materials.
CEMATRIX’s cellular concrete technology is made by mixing cement, water, and a foaming agent to create a lightweight concrete material with high thermal insulation properties. The technology has been used in a range of applications, including road construction, slope stabilization, and the construction of bridges and buildings.
“These contracts continue to demonstrate the demand for our unique and innovative solutions, which provide customers with cost-effective and environmentally sustainable options for their infrastructure projects,” stated CEO, Jeff Kendrick.
CEMATRIX manufactures and supplies cellular concrete products across North America.
CEMATRIX (CVX) is unchanged trading at $0.16 per share as of 12:13 pm EST.