Heroux's FRE Composites Wins $3.8 Million Thai Contrat

Business Wire, Sept 22, 1997

MONTREAL--(BUSINESS WIRE)--Sept. 22, 1997--(ME:HRX) Heroux Inc.'s FRE Composites subsidiary, a Canadian leader in the production of advanced composite conduit system products, has been awarded a $3.8 million order through its Thai distributor, Fluid Holding Company Ltd. of Bangkok.

The contract calls for the supply of below ground conduits for use by public utilities in the expansion of Thailand's infrastructure. Deliveries commence later this month and will be completed by March 31, 1998, which coincides with the termination of Heroux's fiscal year.

"This contract represents an important win for FRE and underlines the potential in this region of the world," stated Mr. Gilles Labbe, Heroux Chairman and Chief Executive Officer.

Heroux Inc., a Canadian company, specializes in the design, development, manufacture and repair of industrial and aerospace products. In addition to the Company's head office and Landing Gear division in Longueuil, Quebec, additional facilities are located in St-Andre-Est, Quebec (FRE Composites), Pinellas Park, Florida (A.B.A. Industries), and Cincinnati, Ohio (McSwain Manufacturing). More than 85 percent of the company's sales are outside Canada, mainly in the United States. Heroux's shares trade on the Montreal Exchange under the symbol HRX.

CONTACT: Heroux Inc.

Gilles Labbe, 514/679-5450

or

Maison Brison

Rick Leckner, 514/731-0000