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Toromont Awarded Contract to Supply Select Compression Equipment for the Midcontinent Express Natural Gas Pipeline

Posted on: Friday, 30 March 2007, 12:00 CDT

Toromont Industries Ltd. (TSX: TIH) announced today that its subsidiary, Toromont Energy Systems Inc., has been awarded the contract to supply select booster compression equipment and services to the Midcontinent Express Pipeline ("MEP").

The MEP Project is a joint development of Kinder Morgan Energy Partners, L.P. and Energy Transfer Partners, L.P. The approximately 500-mile natural gas pipeline is expected to open in February 2009 and will extend from Bennington, Oklahoma to Butler, Alabama, with an initial capacity of 1.4 billion cubic feet per day. Toromont Energy Systems Inc. will supply select equipment for nine pipeline booster compressors. The value of the order is approximately CDN $33 million and deliveries are anticipated for 2008.

"The Midcontinent Express Pipeline will be important to servicing America's future energy requirements," said Robert M. Ogilvie, Chairman and Chief Executive Officer of Toromont Industries Ltd. "We are pleased that Toromont Energy Systems Inc. has once again been recognized for its expertise in providing pipeline compression solutions."

Toromont Industries Ltd. operates through two business segments: The Equipment Group and the Compression Group. The Equipment Group includes one of the world's largest Caterpillar dealerships by revenue and geographic territory in addition to industry leading rental operations. The Compression Group is a North American leader specializing in the design, engineering, fabrication and installation of compression systems for natural gas, fuel gas and carbon dioxide in addition to process systems and industrial and recreational refrigeration systems. Both groups offer comprehensive product support capabilities. Toromont employs approximately 4,400 people in more than 115 locations. This press release and more information about Toromont Industries can be found at www.toromont.com.

 Contacts: Toromont Industries Ltd. Paul R. Jewer Vice President Finance and Chief Financial Officer (416) 667-5638 Website: www.toromont.com

SOURCE: Toromont Industries Ltd.

Source: MARKET WIRE

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