ALBERTA - SYNCRUDE's business relationship with Aboriginal-owned companies officially became a billion-dollar success story as the oil sands giant confirmed surpassing that important milestone in 2006.
"Our commitment to local Aboriginal communities dates back more than 30 years when we first established a formal relationship that would provide rewarding career and business opportunities to people in our region," said Jim Carter, president and chief operating officer of the company. "This is a significant achievement of which Syncrude and our Aboriginal neighbours can be very proud."
Syncrude recently confirmed that it reached the $1-billion milestone with Aboriginal companies in 2006 since it began tracking the annual figure in 1992. Over the last three years, Syncrude has spent more than $100 million annually with Aboriginal enterprises. In 2006 alone, spending was an estimated $130 million based on 27 active contracts with local Aboriginal businesses.
Aboriginal businesses currently provide Syncrude with a broad range of goods and services, including waste management, environmental monitoring, safety clothing and pallet manufacturing, electrical maintenance, welding and fabrication, drafting and reclamation.
See also www.Syncrude.com.