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Stock Market & Financial Investment News

News Breaks
June 12, 2014
07:31 EDTPRIMPrimoris announces new power plant award valued at over $55M
Primoris Services Corporation announced a new award for a California power plant valued at over $55M. The new contract was secured by the Industrial division of ARB, Inc., a Primoris subsidiary and part of the West Construction Services segment. Work will commence on the project in the third quarter of 2014 and is scheduled to be completed in the second quarter of 2016. The award is for the Glenarm Repowering Project and was unanimously approved by the Pasadena City Council. The contract consists of design, procurement and construction of a new, more efficient, cleaner generator at the existing power plant. Demolition of the 50-year-old GT-5 steam generator is included in the scope of work.
News For PRIM From The Last 14 Days
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December 9, 2014
07:33 EDTPRIMPrimoris announces industrial award valued at over $11M
Primoris Services Corporation announced a new industrial award valued at $11.5M. The new contract was secured by the Industrial division of ARB, Inc., a Primoris subsidiary and part of the West Construction Services segment. Work is scheduled to commence on the project in the first quarter of 2015 and is anticipated to be complete in the third quarter of 2015. The award is from three major oil companies for the rerouting of seven pipelines in the Port of Los Angeles, California. The pipelines being relocated range in size from 10 to 24 in diameter. Approximately 20,000 linear feet of underground oil pipelines in total are being relocated. An approximately 1.1-mile-long common trench will be provided for the three customers.

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