VANCOUVER, March 24 /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 an A1 Grade Manufacturing License (the "License") from the State General Administration of the People's Republic of China for Quality Supervision, Inspection and Quarantine. The "A1 Grade" is the highest production license available and permits Yalian to produce Longitudinally Submerged Arc Welded ("LSAW") pipes for all grades of steel from its recently completed large diameter steel pipe mill in China.
"Obtaining our local production approvals from the State General Administration is the last step in our local certification process and indicates that the facility is in full compliance with all requirements, regulations and quality control procedures mandated by the government in China," stated Murray G. Flanigan, Chief Financial Officer of Yalian. "The License, combined with our American Petroleum Institute certification, allows Yalian to ramp up its sales, manufacturing and distribution capabilities to service the steel pipe market in China as well as other large scale pipeline projects abroad."
The Company recently announced it had also received approval for certification and license registration of "5L X-70 Grade" from the American Petroleum Institute (API) and is presently applying for additional certification of up to X -100 for its high grade steel large diameter pipe mill.
About Yalian Steel Corporation
Yalian Steel Corporation is a British Columbia corporation focused on the production of high quality 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
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; For further company information please access our website: www.yaliansteel.com