WELLAND, ON, Nov. 3, 2011 /CNW/ - Lakeside Steel Inc. (TSX-V: LS)
("Lakeside" or the "Company") today announced that members of the
Canadian Auto Workers, Local 523 ("CAW Local Union"), the union
representing approximately 350 employees at the Welland, Ontario,
facilities of Lakeside Steel Corporation ("Lakeside Steel"), the
wholly-owned subsidiary of Lakeside, ratified a new collective
agreement for a three-year term ending October 31, 2014. The Company
believes that the new agreement provides good benefits for both the CAW
Local Union and Lakeside Steel.
Ron Bedard, President and Chief Operating Officer of Lakeside stated,
"We are very pleased to have a new collective bargaining agreement in
place with our Welland work force who continue to be one of the most
highly skilled and committed in the industry."
About Lakeside Steel Inc.
Lakeside is a 2011 TSX Venture Exchange 50 company and the parent
company of Lakeside Steel Corporation, Lakeside Steel Alabama Inc. and
Lakeside Steel Texas Inc. Lakeside has operating facilities located in
Welland, Ontario, and Corpus Christi, Texas, and three facilities
currently being constructed in Thomasville, Alabama. Lakeside is a
diversified steel pipe and tubing manufacturer with a focus on
manufacturing and upgrading Oil Country Tubular Goods. Lakeside's list
of customers includes large oil and gas end users as well as
distributors across North America.
Lakeside Steel Alabama will be a diversified steel pipe manufacturer
with end-finishing and heat treat capabilities strategically situated
in the southern United States on successful completion of construction
of the new facilities in Thomasville, Alabama. Construction of the
Alabama facilities is currently underway.
Neither 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 release.
Lakeside was recognized as a TSX Venture 50® company in 2010 and 2011.
TSX Venture 50 is a trade-mark of TSX Inc. and is used under license.
SOURCE Lakeside Steel Inc.
For further information: