L.B. Foster Company has announced they received a contract to supply Gerdau Ameristeel sheet piling for use in the Panama Canal Expansion. The contract was given to L.B. Foster from the Panama Canal Authority (ACP) for $20.5 million. The piling will be used for the excavation of the Pacific Access Channel and the construction of the Borinquen Dam.
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L.B. Foster will deliver the piling by rail and trucks to a U.S. port where they will be shipped to an Atlantic dock near Colon, Panama. The first delivery is scheduled to take place in October 2009. 3 more shipments should also take place and be completed by January 2010.
About L.B. Foster Company
L.B. Foster Company supplies transportation, construction, utility, recreation and agriculture markets with the materials necessary to build and maintain North America's infrastructure. The Construction Products Group of L.B. Foster Company markets steel sheet piling, pipe pile, H beams, piling accessories, fabricated bridge products and structural steel nationwide
About Gerdau Ameristeel
Gerdau Ameristeel is the largest producer of steel sheet piling in North America. Through an integrated network of minimills, steel scrap recycling facilities and downstream operations, Gerdau Ameristeel provides service and products to customers around the world.
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