L.B. Foster (FSTR) Awarded $3.7M Contract for Sheet Piling Improvements at Posrts of Indiana-Burns Harbor
L.B. Foster Company (NASDAQ: FSTR) is providing steel sheet piling for improvements to the Ports of Indiana-Burns Harbor. The Port has awarded a $3.7 million contract to L.B. Foster for PZC 26, PZC 18, PZ 40 and PS 31 sheet piling for use in new dock wall construction in the West Harbor area. The Harbor is located 30 miles east of Chicago, enabling shippers to transport products by truck, rail, barge, ship or container to and from manufacturing and agricultural markets of Indiana, Illinois, Michigan and Ohio.
Innovative PZC sheet piling is manufactured by Gerdau Ameristeel to be wider, lighter and stronger than traditional Z piling. "PZC sections incorporate less overall sheets and less driving time than PZ sections, providing significant benefits to the Port and contractor," said Matt O'Kray, L.B. Foster's Construction Products Sales Representative. The unique design of this material maximizes production, minimizes the amount of required steel and increases strength per pound.
The Ports of Indiana-Burns Harbor handles more ocean-going cargo than any other U.S. port on the Great Lakes. L.B. Foster will begin shipping the domestically-produced piling for this high priority project in February 2010 with the final shipment expected by early April 2010.
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