WELLAND, ON, Dec. 1 /CNW/ - Lakeside Steel Inc. (TSX-V: LS) ("Lakeside Steel" or the "Company") today announced its plans to increase production on its ERW 2"-8" Mill in January of 2010, by adding an additional production shift to meet increased demand for Lakeside Steel's products. In addition, up to 38 employees who were temporarily laid off will be recalled in connection with the production increase.
Lakeside Steel also announced today that it had received approval from the American Petroleum Institute to apply the API monogram and license number to the Company's upset, threaded and coupled oil well tubing products. This API certification enables Lakeside to supply a commercially acceptable upset, threaded and coupled product to the marketplace. Lakeside Steel can now manufacture these products in-house thereby reducing product lead times. These products will be shipped to market from the Company's newly installed, 3-slip rail yard which is now operational.
Ron Bedard, Lakeside Steel's President and COO stated, "Obtaining the API certification is an important achievement and reflects the significant improvements we have made to the business through the successful addition of upset and threading capabilities and the enhanced shipping capabilities of our new rail yard."
About Lakeside Steel Inc.
Lakeside Steel is the parent company of Lakeside Steel Corp. ("Lakeside"). Lakeside, located in Welland, Ontario, is a diversified steel pipe and tubing manufacturer. Lakeside's list of customers includes large oil and gas, mining, automotive and commercial and industrial supply companies. In addition to supplying its products in these industries, Lakeside manufactures pipe and mechanical tubing for the resale market, which is sold to distributors in Eastern Canada and the Northeastern United States. Lakeside manufactures a variety of products for these industries including oil well tubing and casing, mechanical tubing, pressure tubing, automotive tubing, hollows for redraw, line pipe, heating and plumbing pipe, drill rod and specialty tubing. Lakeside serves customers worldwide, either directly or indirectly, in Canada, Australia and the United States.
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SOURCE LAKESIDE STEEL INC.
For further information: For further information: Ron Bedard, President and Chief Operating Officer, Lakeside Steel Inc., (905) 735-7473 ext 7294, Fax: (905) 735-9069, e-mail: firstname.lastname@example.org; Ken Hunter, Chief Financial Officer, Lakeside Steel Inc., (905) 735-7473 ext 7218, Fax: (905) 735-9069, e-mail: email@example.com