VANCOUVER, Feb. 22 /CNW/ - Yalian Steel Corporation (TSX-V: YL) ("Yalian" or the "Company") today announced that its wholly owned subsidiary, Yangzhou Yalian Steel Pipe Co., Ltd received approval for certification and license registration of "5L X-70 Grade" and is presently applying for additional certification of up to X -100 for its high grade steel large diameter pipe mill from the American Petroleum Institute (API). The API is a leader in the development of petroleum and petrochemical equipment and operating standards. The API 5L X-70 certification acknowledges that Yalian's steel pipes have met exacting criteria and enables the Company to use API Spec 5L on its steel pipe products and participate in the bidding process for numerous large scale international and domestic pipeline projects in China.
"Obtaining approval and certification through the API represents a major milestone and significant accomplishment for the Company," stated Murray G. Flanigan, Chief Financial Officer of Yalian. "The API certification is recognized worldwide and throughout the oil and gas industry as an important third party endorsement of a product's quality. This certification will now allow us to actively ramp up our sales and pipe line production activities."
About Yalian Steel Corporation
Yalian Steel Corporation 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 has recently completed construction of its initial manufacturing facility in city of Yangzhou, in the Jiangsu province of China. The first production line has a capacity of up to 200,000 metric tons per year. The Yangzhou Yalian plant utilizes the JCOE (J-ing, C-ing, O-ing, Expanding) process, an advanced method of LSAW pipe production that involves the bending and shaping of X-70 and higher grade steel.
For further company information please access our website: www.yaliansteel.com
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This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Risks and uncertainties about Yalian's business are more fully discussed in the Company's disclosure materials filed with the securities regulatory authorities in Canada. All amounts are stated in Canadian dollars unless noted otherwise.
SOURCE YALIAN STEEL CORPORATION
For further information: For further information: YALIAN STEEL CORPORATION, Murray Flanigan, Chief Financial Officer, Tel. No.: (604) 696-6388