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    SNC   CA78460T1057

SNC-LAVALIN GROUP INC.

(SNC)
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Delayed Toronto Stock Exchange  -  04:00 2022-11-29 pm EST
24.18 CAD   -0.82%
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SNC Lavalin : Atkins Nuclear Secured breaks ground on new technology center in Richland...

09/14/2022 | 12:50pm EST

RICHLAND, Wash., USA: Atkins Nuclear Secured Holding Corporation, a member of the SNC-Lavalin Group, celebrated the start of construction on the new, $20 million, state-of-the-art Atkins Technology Center (ATC) with a ground-breaking ceremony on Tuesday in Richland, Washington.

"We are about connecting people, data, and technology to deliver solutions to address some of our planet's most complex problems," said Joe St. Julian, President, Nuclear, SNC-Lavalin. "The ATC will be at the forefront with our other global locations, enabling the development and application of new and innovative ways of delivering end-to-end services for our customer's projects."

The ATC will be adjacent to the existing Atkins Engineering Laboratory and the Washington State University Tri-Cities Wine Science Center. Constructed in partnership with Fowler General Construction, Inc., the facility will feature 16,000 square feet of open, collaborative office space similar to the global SNC-Lavalin Lava Labs and another 16,000-square-foot high-bay testing area specifically purposed for developing innovative nuclear and environmental cleanup technologies, digital solutions, robotics and Engineering Net Zero advancement.

"This is a $20 million investment into our local community and represents a significant commitment not only to the U.S. Department of Energy's (DOE) cleanup goals, but also to Washington State University Tri-Cities (WSUTC) and to the local Tri-Cities," said Richland Mayor Michael Alvarez. "The ATC will allow students to be a part of engineering and technological innovation which will attract and keep future generations of leaders right here in the Tri-Cities."

"This is a big day for us and a very tangible demonstration of our commitment to this community and the important work being done at Hanford," said Tom Jouvanis, President, Atkins Nuclear Secured. "We look forward to continuing our strong partnerships at Hanford and with the DOE, WSUTC, the Pacific Northwest National Laboratory and Catholic University's Vitreous State Laboratory to provide cutting-edge solutions."

In addition to SNC-Lavalin and Atkins Nuclear Secured leadership, other guests in attendance included representatives from the DOE and Washington State University Tri-Cities.

Notes to editors

About SNC-Lavalin

Founded in 1911, SNC-Lavalin is a fully integrated professional services and project management company with offices around the world dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, technology and data to design, deliver and operate the most complex projects. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital - and delivered to clients in key strategic sectors such as Engineering Services, Nuclear, Operations & Maintenance and Capital. News and information are available at snclavalin.com or follow us on LinkedIn and Twitter.

About Atkins Nuclear Secured

Atkins Nuclear Secured Holdings Corporation is a business unit within SNC-Lavalin's global nuclear sector focused on the US federal market. With strengths in nuclear operations, process design engineering, waste management, characterization, transportation, disposition and high-level waste technologies, Nuclear Secured is a partner in the team managing the Tank Operations contract at Hanford, leads the teams managing the DUF6 plants in Portsmouth and Paducah and the Canadian Nuclear Laboratories in Ontario, and manages the U-233 project in Oak Ridge, Tennessee. At Atkins Nuclear Secured, we safely deliver high consequence, technically complex missions for federal governments. SNC-Lavalin acquired WS Atkins plc on July 3, 2017.

About Atkins

Atkins (www.atkinsglobal.com) is one of the world's most respected design, engineering and project management consultancies, employing over 18,300 people across the UK, North America, Middle East and Africa, Asia Pacific and Europe. We build long-term trusted partnerships to create a world where lives are enriched through the implementation of our ideas. You can view Atkins' recent projects here.

Disclaimer

SNC-Lavalin Group Inc. published this content on 14 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2022 16:49:05 UTC.


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Sales 2022 7 594 M 5 574 M 5 574 M
Net income 2022 96,2 M 70,6 M 70,6 M
Net Debt 2022 1 824 M 1 339 M 1 339 M
P/E ratio 2022 36,3x
Yield 2022 0,33%
Capitalization 4 245 M 3 116 M 3 116 M
EV / Sales 2022 0,80x
EV / Sales 2023 0,76x
Nbr of Employees 30 989
Free-Float 99,9%
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Ian L. Edwards President, Chief Executive Officer & Director
Jeffrey Allan Bell Chief Financial Officer & Executive Vice President
Bill L. Young Chairman
Steven Leon Newman Independent Director
Isabelle Courville Independent Director
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