Lakeside Steel plans to expand its previously announced $7.5 million tubular end-finishing and heat-treatment facility in Thomasville, Ala., to add end-finishing and heat-treatment processing capabilities for casing products. The company will expand the new end-finishing facility, at an additional capital cost of approximately $10 million, to enable Lakeside to end finish and heat treat casing products in addition to the previously announced tubular-product finishing capabilities. The expansion will enable Lakeside Steel to upgrade casing to high value-added products including L80, N80 and P110 products used in the most demanding onshore drilling applications in North America.
The facility will be capable of processing 4.5-inch-diameter to 5.5-inch-diameter casing pipe, with a capacity of up to 100,000 tons per year. When in operation, Lakeside Steel expects that the expansion will employ approximately 80 people, bringing total employment of the end-finishing and heat-treatment facility to around 160 people.
Lakeside Steel to Expand New Facility
May 2, 2011