NORTH AMERICA HEADLINESNorth America
Lakeside Steel to Add Shift, Hire Employees
Jun. 3, 2010 Due to an increase in demand for its API-approved oil country tubular goods (OCTG) tubing, casing, and API line pipe, Lakeside Steel Inc. is adding an additional shift to the Stretch Reduction Mill (SRM) and hiring up to 12 new full-time employees. The hiring process was expected to commence immediately.
Lakeside notes it has secured additional sales orders of approximately $100 million that will keep the mill at capacity through September 2010.
"We are very pleased to be adding jobs to support additional shifts on our SRM,” said Ron Bedard, Lakeside Steel's President and COO. “We are cautiously optimistic that this strong operational performance will continue over several quarters. Lakeside continues to focus on reducing costs, improving our balance sheet and potential opportunities for growth."
Lakeside Steel Corp., located in Welland, Ontario, is a diversified steel pipe and tubing manufacturer. Its list of customers includes large oil and gas, mining, automotive, and commercial and industrial supply companies. Lakeside also manufactures pipe and mechanical tubing for the resale market, which is sold to distributors in Eastern Canada and the Northeastern United States. The company manufactures a variety of products for these industries including oil well tubing and casing, mechanical tubing, pressure tubing, automotive tubing, hollows for redraw, line pipe, heating and plumbing pipe, drill rod, and specialty tubing.