CONCORD, ON, July 22, 2014 /CNW/ - Welded Tube of Canada is pleased with the decision by the Canadian Border Services Agency to initiate an investigation against those countries whose dumped and subsidized exports of oil country tubular goods (OCTG) have caused injury to Canadian producers.
In the last four years, Welded Tube of Canada has invested roughly $100 million dollars into Energy Tubular production and processing facilities in Canada. This includes a state of the art OCTG thermal heat treat and threading facility in Welland, Ontario as well as investments in our operations in Concord, Ontario, all in response to growing oil and gas production in western Canada.
However, increased imports of unfairly traded OCTG from the named countries have injured our production and placed Canadian jobs at risk. Welded Tube of Canada fully supports efforts by Evraz and Tenaris in their complaint to protect Canadian OCTG production and Canadian jobs in this important manufacturing sector in our country.
Image with caption: "Welded Tube Of Canada Corp. (CNW Group/Welded Tube of Canada Corporation)". Image available at: http://photos.newswire.ca/images/download/20140722_C1487_PHOTO_EN_4438.jpg
SOURCE: Welded Tube of Canada Corporation
For further information: R. S. Mandel, President and Co-CEO, Welded Tube of Canada, 111 Rayette Rd., Concord, ON, L4K 2E9, Phone 905-669-1111, Fax 905-669-8570, www.weldedtube.com