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THE MARINE LOG FEATURES CALENDAR FOR 2003


June 20, 2003


Conrad gets into aluminum work
Morgan City, La, based Conrad Industries says it is expanding its products and services to include aluminum marine fabrication, repair and conversion for both commercial and government customers. The expansion is part of a $5.5 million investment in one of Conrad's existing facililities in Amelia, Louisiana.

"We are extremely excited to announce our entrance into the aluminum marine fabrication, repair and conversion business via our subsidiary, Conrad Aluminum, L.L.C.," said President and CEO Kenneth G. "Jerry" Myers, Jr. "This expansion is being made possible as a result of the direct support we have received from the State of Louisiana and St. Mary Parish. The creation of this new line of business allows us to selectively pursue opportunities arising out of the changing demands of the industries we serve."

The financing of this expansion includes a $1.5 million grant by the State of Louisiana through the Economic Development Award Program (EDAP) and $4.0 million of Industrial Revenue Bonds to be issued by the St. Mary Parish Industrial Revenue Board. The investment includes a 37,500 square foot two bay building, six overhead cranes and a 300 ton travel lift.

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