EDMONTON, April 21, 2016 /CNW/ - Western Alliance Tubulars Ltd. ("WAT") is pleased to announce that an OCTG/linepipe finishing and VIT manufacturing facility located in Edmonton, Canada, being Stage 1 of a multistage project, is expected to be operational spring/summer of 2016 having API designations of both API5CT and API5L.
WAT has entered into a working partnership and equity purchase agreement with Victoria International Tubulars Corporation ("VIT"). WAT is an Aboriginal Company dually incorporated in the Provinces of Alberta and Saskatchewan, Canada and was formed through major ownership of the Moosomin First Nation. VIT is a wholly owned subsidiary of Darun Jiangsu Shined Petroleum Equipment Manufacturing CO., LTD. Darun owns seamless pipe manufacturing facilities in China, Vietnam, and Indonesia and employs over 5,000 people in those mills.
Stage 1 of this multistage project is the manufacturing of OCTG and its accessories, upgrading of both OCTG and line pipe, and other specialized products. The facility includes production lines of Heat Treatment, Upsetting, Threading (API and Premium), Vacuum Insulated Tubing ("VIT"), and testing with capacities up to 7 inch OD and up to 20,000 Metric Tonne per annum. The facility also offers the service of used tubing cleaning and repairing. The geographic scope of our business activities is North America.
ABOUT US: Western Alliance is a collaborative team building as a leader in supplying quality, service, competitive pricing, and timely delivery of products to the Oil, Gas, and Mining Industries while implementing Aboriginal engagement policies and strategies. Our policy is to engage First Nation Communities within the active areas of Industry and together develop mutual "policy making strategies" to create shared value with Industry. The Edmonton facility currently employs five high skilled labor positions from First Nation Communities with up to 20 positions being available in stage one.
"We are very thrilled with this offer to supply and service Industry, where during these economic times we can present Industry cost cutting alternatives, a Canadian high quality made product, all while enhancing Aboriginal Community development."
This news release was prepared on behalf of the Board of Directors which accepts full responsibility for its content.
SOURCE Western Alliance Tubulars Ltd.
For further information: Larry Kryska. President and CEO Western Alliance Tubulars Ltd., T: 780.417-5117, C: 780.965.5117, E: email@example.com http://www.waenergy.ca