Wednesday, December 06, 2006 4:31:59 PM
MONTREAL, Nov 09, 2006 (MARKET WIRE via COMTEX) -- The following is an update presented by Alexander P. Cavasin, CEO of Alcar Chemicals Group Inc. (PINKSHEETS: ACMG) on the corporation's progress.
On the operations side, we are presently selecting the subcontractor for the construction of the initial three reactors and expect to be able to award the contract shortly. The procedures for the acquisition of our facility are proceeding slower than foreseen but the delays will not affect the overall schedule as we will be moving into an existing and well-suited building. The facility is in the Parc Industriel et Portuaire de Becancour, near Three Rivers, in Quebec, Canada. The facility is comprised of an existing 25,000 sqft building situated on a 370,000 sqft lot and its convenient location by the port offers access to shipping, rail and highway as well as an adequate pool of qualified labour.
Dino
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