VANCOUVER, April 27 /CNW/ - Yalian Steel Corporation (TSX-V: YL)
("Yalian" or the "Company") is pleased to announce that Edward (Bud) M. Siegel
Jr. has been appointed to the Board of Directors of Yalian effective
Mr. Siegel brings over forty four years of industry experience to Yalian.
He is the President and Chief Executive Officer, and a director, of Russel
Metals Inc. (TSX: RUS), one of the largest metals distribution and processing
companies in North America with revenue in 2008 of approximately $3.4 billion
dollars. He commenced working in the metals industry in 1965 when he joined
The Titan Industrial Corporation, a New York-based steel trading company. As
Senior Vice President, his primary responsibility was for the Tubular Products
Division. In 1985, Mr. Siegel joined Duferco Inc. as a Vice President, with
responsibility for starting a Tubular Products Operation and for augmenting
Duferco's trading of steel products worldwide. In February 1987, Mr. Siegel
joined Russel Metals' import/export operations as a Vice President with
responsibility for the export of Prime and Secondary materials from Canadian
Steel mills and for the import of semi-finished material to Canadian mills.
Over the years, Mr. Siegel assumed various responsibilities and in 1997 became
the Company's President and Chief Executive Officer.
"On behalf of Yalian, I would like to welcome Bud to our board," stated
Mr. Xinduo Yu, Chairman of Yalian. "We are rapidly approaching the completion
of our Yangzhou facility and with it, our entrance into a large and growing
steel pipe market. Our ability to grow market share will be greatly enhanced
through strong leadership at the board and senior management level. We are
extremely fortunate to have someone of Bud's stature and industry experience
joining us at this important stage in our corporate development."
About Yalian Steel Corporation
Yalian Steel is a British Columbia corporation focused on the production
of high quality Longitudinally Submerged Arc Welded (LSAW) steel pipe to
service Asia's rapidly growing energy transportation infrastructure market.
The Company is currently completing construction of its initial manufacturing
facility in the City of Yangzhou, in the Jiangsu province of China. Completion
of the first production line, with a capacity of 200,000 tonnes per year, is
scheduled for the fall of 2009. The Yangzhou Yalian plant will utilize the
JCOE (J-ing, C-ing, O-ing, Expanding) process, an advanced method of LSAW pipe
production that involves the bending and shaping of X80 grade steel. The
process is well established worldwide, but relatively new in the China market.
For further information:
For further information: YALIAN STEEL CORPORATION (formerly "China Drill
Corporation"): Hong (Iris) Duan, Chief Financial Officer, Tel. No. (604)