Lakeside Accelerates Completion of Alabama Treatment Facility
09/20/2011 - Lakeside Steel announced that construction is ahead of schedule for its new USD $7.5M state-of-the-art tubing thermal and end-finishing facility in Thomasville, Ala.
Lakeside Steel Inc. announced that construction is ahead of schedule for its new USD $7.5M state-of-the-art tubing thermal and end-finishing facility in Thomasville, Ala.
The company is projecting the tubing phase of the processing facility will be ready for production in February 2012, thanks in part to the support of Alabama Power, Clarke County and the City of Thomasville. The early completion — well ahead of the original completion date in June 2012 — will allow Lakeside to produce the high-quality thermal treated products required by customers.
"We are very pleased by the progress of our project team in Thomasville,” said Ron Bedard, President and Chief Operating Officer. “Our project team has worked closely with local and state officials, Alabama Power, and our equipment suppliers to expedite construction. This will accelerate Lakeside's time to market and return on capital for this facility. In addition, the early start up will enable Lakeside to offer its customers a broader range of higher value added tubular products."
According to the company, the new facility will significantly improve margins and increase demand for product produced in Welland, Ont. The higher-value-added grades (N80, L80 and P110) to be produced at the new facility are in high demand for the most technically advanced shale drilling plays throughout North America.
Lakeside is the parent company of Lakeside Steel Corp., Lakeside Steel Alabama Inc. and Lakeside Steel Texas Inc. Lakeside has operating facilities located in Welland, Ont., and Corpus Christi, Texas, and three facilities currently being constructed in Thomasville, Ala. 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, Ala., which is currently underway.
