TORONTO, Ont. –Toromont Industries Ltd. today announced that its Toromont CAT division secured the sale of 33 pieces of Caterpillar equipment.
The contract, with the Ontario operations of Lafarge Canada Inc., valued at approximately $12 million, includes paving equipment, compactors, wheel loaders, off-highway trucks, motor graders and excavators. Deliveries are expected to occur through the first half of 2004.
Commenting on the sale, Hugo T. Sorensen, President and Chief Executive Officer of Toromont Industries said, “we are extremely pleased that Lafarge has again chosen Toromont CAT to meet its equipment needs. This is a significant order for 2004 and an important addition to the installed base of Caterpillar equipment in our territory”. Toromont Industries Ltd. (TSX: TIH) operates through two business segments: The Equipment Group and the Compression Group. The Equipment Group includes one of the world’s largest Caterpillar dealerships by revenue and geographic territory in addition to industry leading rental operations. The Compression Group is a North American leader specializing in the design, engineering, fabrication, and installation of compression systems for natural gas, fuel gas and carbon dioxide in addition to process systems and industrial and recreational refrigeration systems. Both groups offer comprehensive product support capabilities. Toromont employs 3,600 people in more than 100 locations. This press release and more information about Toromont Industries can be found on the Web at www.toromont.com
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