Lakeside Steel to Build New Facility in Alabama
Thomasville, Ala., was chosen because of its proximity to both raw material suppliers and customers. Mill equipment, a substantial part of the total project cost, is being sourced from Freedom Machinery Company Inc. in Toledo, Ohio. Lakeside expects to start construction on the Thomasville expansion project in the fall 2010 and plans to be producing pipe for the OCTG and line pipe market by December 2011.
In addition to this major expansion project, Lakeside continues to invest in its existing facility in Welland, Ontario. The company has invested $9.5 million in capital improvements over the past three years and is committed to spending $6 million during 2011.