New company will pursue resource development and infrastructure construction in Nunavut
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2012) -
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ATCO Structures & Logistics has signed a joint-venture agreement with Sakku Investments Corporation, the development arm of the Kivalliq Inuit Association (KIA). The partners have created a new company, Sakku ATCO Buildings & Services, to pursue resource development activities and infrastructure construction in the Kivalliq Region of Nunavut. The agreement was signed in Vancouver during a ceremony at the Mineral Exploration Roundup, the world's premier technical mineral exploration conference.
"ATCO's partnership with Sakku is a tremendous opportunity for both companies," said Boris Rassin, Executive Vice President, Business Development, ATCO Structures & Logistics. "Together we will offer economical infrastructure solutions to the companies developing Canada's North, while working to create long-term business and employment opportunities for the Inuit people."
Sakku is a for-profit organization owned by KIA. Under the Nunavut Land Claim Agreement, KIA is a designated Inuit organization with significant responsibilities for land claim implementation.
"Mining activity in our territory must benefit the Inuit people," said Patrick Tagoona, President & Chief Executive Officer, Sakku Investments Corporation. "Our partnership with ATCO, which has more than 60 years experience in the construction and operation of workforce camps, will provide Sakku with an opportunity to share in the wealth of our land while providing necessary services to the mining industry."
ATCO's expertise in power and utilities development, workforce housing, steel industrial buildings and modular infrastructure is needed in the North, where the construction season is short and skilled labour scarce.
ATCO Structures & Logistics offers modular buildings, site services and industrial noise control solutions worldwide. With manufacturing facilities in North America, South America and Australia, and operations on five continents, the company has the expertise to deliver a rapid, turnkey solution anywhere it is needed. To learn more, visit www.atcosl.com.
ATCO Structures & Logistics is part of the ATCO Group of Companies. ATCO Group, with more than 8,000 employees and assets of approximately $12 billion, delivers service excellence and innovative business solutions worldwide with leading companies engaged in Utilities (pipelines, natural gas and electricity transmission and distribution), Energy (power generation, natural gas gathering, processing, storage and liquids extraction), Structures & Logistics (manufacturing, logistics and noise abatement) and Technologies (business systems solutions). More information can be found at www.atco.com.
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