Aecon Group Inc.

Aecon Group Inc.

May 23, 2008 18:10 ET

Aecon Announces Opening of New Facility in Pictou, Nova Scotia

DARTMOUTH, NOVA SCOTIA--(Marketwire - May 23, 2008) -

Attention Business Editors:

Aecon Group Inc. (TSX:ARE) today announced that its Aecon-Fabco division will be opening a new facility in Pictou, Nova Scotia on June 1, 2008.

The new facility will handle large module assembly and specialty pipe spool fabrication work, as well as providing Aecon-Fabco with improved Marine Repair capability. This facility is in addition to the current Aecon-Fabco shop located in Dartmouth, Nova Scotia.

The Pictou shop has a 50,000 square foot fully enclosed high bay assembly area originally designed for ship building modules and is suited for the indoor, controlled environment assembly of large industrial equipment modules, both onshore and offshore. The 18 acre yard, 600 feet of deep water wharfage and load-out area is ideally located for year-round shipments by sea. Additionally, the facility has a 3,000 ton marine railway drydock for ship repairs.

"The local labour force and trade unions are highly supportive of the employment opportunities this new facility will provide" said Frank Ross, President Aecon Atlantic. "It is also particularly gratifying to be starting the Pictou operations with a full 6 months of backlog. We will also be in an immediate hiring mode, and will initially be looking for pipefitters," he added.

"Given the trend to higher degrees of industrial modularization, this facility is well suited to handle a significant volume of steady work for the many projects both committed and planned for years to come" said Paul Koenderman, CEO of the Aecon Industrial Group.

The Aecon-Fabco Pictou operation is accepting applications immediately. Anyone interested in applying is invited to submit a resume to

Aecon Group Inc. is Canada's largest publicly traded construction and infrastructure development company. Aecon and its subsidiaries provide services to private and public sector clients throughout Canada and internationally. Aecon is pleased to be recognized as one of the 50 Best Employers in Canada as published by Report on Business Magazine.

The information in this news release includes certain forward-looking statements. Forward-looking statements are based on estimates and assumptions derived from past experience and interpretation of historical trends, current conditions and expected future developments. Many factors could cause Aecon's actual results, performance or achievements to vary from those expressed or
inferred by these statements. Risk factors are discussed in greater detail in the Section entitled "Risk Factors and Uncertainties" in Management's Discussion and Analysis of operating results and Financial condition for the year ended December 31, 2007 filed on SEDAR at Although Aecon believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct.

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