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Ipsco
Latest News
Ipsco Reports Strong 3rd Quarter Results
26 October 2005 - Ipsco Inc. announced net income of $134 million on sales of $705 million for the third quarter of 2005.
NS Group Reports 3rd Quarter Results
25 October 2005 - NS Group, Inc. announced net income of $30.8 million on net sales of $139.9 million for the third quarter, and net income of $87.3 million on net sales of $446.7 million for the nine months ended September 30, 2005.
Don Daily Elected 2006-2007 Chairman of SMA
24 October 2005 - The Steel Manufacturers Association (SMA) Board of Directors announced the election of Don Daily as Chairman of the SMA for 2006 and 2007. He will succeed Keith Busse, who concludes his two-year term in February 2006.
Ipsco Announces Redemption of $100 Million 7.8% Debentures
10 October 2005 - Ipsco Inc. gave notice to the holders of its $100 million 7.8% Debentures, due December 1, 2006, that it will redeem all such outstanding Debentures on November 4, 2005.
Ipsco Subsidiary to Pay Workers for Seven Week Lockout
14 September 2005 - The Queen's Bench has upheld a May decision of the Saskatchewan Labor Relations Board regarding a lockout at the Wheat City Metals scrap metal processing facility. As a result of the decision, thirty-nine United Steelworkers are to be paid seven weeks of lost wages for the lockout that had been imposed by their employer.
Ipsco Works to Maintain Shipments Despite Transportation Uncertainties
07 September 2005 - Ipsco reported that its Mobile, Ala., Steelworks sustained minimal damage from Hurricane Katrina, and was able to return to normal production levels within two days.
Ipsco and its Employees Support Hurricane Relief
05 September 2005 - Ipsco is donating $500,000 to the Alabama Gulf Coast Chapter of the American Red Cross to be used in Hurricane Katrina relief work.
Ipsco to Expand Pipe Mill Operations
26 August 2005 - Ipsco announced it will expand the current oil country tubular goods (OCTG) heat treat capacity at its Calgary, Alberta plant. The expansion will begin immediately and is expected to be fully implemented before year-end. Annual capacity of the Calgary heat treat facility will be increased by more than 70%.
Ipsco Announces New Director of Investor Relations
18 August 2005 - Ipsco Inc. announced that Thomas Filstrup has joined the company as Director of Investor Relations.
Ipsco Reports Record 2nd Quarter Results
28 July 2005 - Ipsco Inc. announced net income of $126 million on sales of $667 million for the second quarter of 2005. and net income of $281 million on sales of $1,413 million for the first six months of 2005.
AISI Joins the Metal Initiative
30 June 2005 - The American Iron and Steel Institute (AISI) has joined The Metal Initiative, a coalition of metal construction product manufacturers and suppliers created to communicate the value of metal roofing and siding for commercial building applications.
CITT Rescinds Hot Rolled Steel Plate Orders
28 June 2005 - The Canadian International Trade Tribunal (CITT) has rescinded its June 27, 2000, finding on dumped hot rolled carbon steel plate from Brazil, Finland, India, Indonesia, Thailand and Ukraine and subsidized hot rolled carbon plate from India, Indonesia and Thailand.
Ipsco Revises Second Quarter Outlook
20 June 2005 - Ipsco Inc. has revised its outlook for the second quarter. Although the company had originally estimated that second quarter earnings per share would meet or exceed $2.75 per diluted share, Ipsco now expects that earnings will be closer to $2.45 per diluted share.
Ipsco President Honored as 2005 Gary Memorial Medal Recipient
19 May 2005 - Ipsco's President and CEO David Sutherland is the latest steel industry leader to be honored as a recipient of the industry’s prestigious Gary Memorial Medal. Sutherland received the award this week during the American Iron and Steel Institute's (AISI) Annual Meeting in Washington, DC.
Ipsco Shifts Production in Response to Montpelier Mill Outage
06 May 2005 - An electrical short in a rolling mill motor has caused a production outage at Ipsco Inc.’s Montpelier, Iowa, facility. Ipsco estimates that the rolling mill outage, which is expected to last six days, will decrease earnings by approximately $0.05 per diluted share for the quarter.
Ipsco Reports Strong 1st Quarter Earnings
27 April 2005 - Ipsco Inc. announced net income of $154 million on sales of $746 million for the first quarter of 2005.
Ipsco to Add High-speed Finishing Facilities at Blytheville Pipe
25 March 2005 - March 25, 2005 — Ipsco Inc. is installing a state-of-the-art high speed Oil Country Tubular Goods finishing lines at its Blytheville, Ark., pipe mill.
Ipsco to Initiate Share Repurchase Program
16 March 2005 - Ipsco Inc. announced its intention to initiate a share repurchase program, by way of a normal course issuer bid, through the facilities of the Toronto Stock Exchange of up to 10% of the public float of its Common Shares, approximately 4.2 million shares. As of March 3, 2005 the company had 50,161, 875 Common Shares outstanding.
Ipsco Establishes Frontier Pipe Research Unit
18 February 2005 - Ipsco Inc. announced it will invest $3.5 million to set up a state-of-the-art research unit dedicated to accelerating development of the company's large-diameter capability. The specialized research capability will be used to focus on the specific steel and pipe needs for large diameter energy transmission lines, further extending Ipsco's current knowledge in this area.
Ipsco Reports Record Results in 2004
14 February 2005 - Ipsco Inc. announced net income was $190 million on record sales of $780 million for the fourth quarter and net income of $439 million on record sales of $2.5 billion for the full year 2004.
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