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Article: NOVAMERICAN STEEL INC. OF DORVAL, QUEBEC ANNOUNCED TODAY THAT IT HAS AGREED TO ARRANGEMENTS WITH IPSCO ENTERPRISES INC.
- Article from:
- PR Newswire
- Article date:
- September 2, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DORVAL, Quebec, Sept. 2 /CNW-PRN/ - Novamerican Steel Inc. of Dorval, Quebec announced today that it has agreed to arrangements with IPSCO Enterprises Inc., the US holding company of IPSCO Inc. of Regina, Saskatchewan to establish a 200,000 ton per year coil processing facility in the Philadelphia area on a fifty-fifty ownership basis.
The facility is expected to be in operation by mid-1999 and will produce cut-to-length steel in thicknesses of up to 1/2 inch and widths of up to 96 inches. The capital cost of the entity is expected to be US $ 8 million. Allowance has been made in the building plans for the possible addition of an in-line temper mill. The facility will ...