CAW Ratifies Contract with Lakeside Steel
November 01 2011 - 4:15AM
PR Newswire (Canada)
WELLAND, ON, Nov. 3, 2011 /CNW/ - Lakeside Steel Inc. ("Lakeside"
or the "Company") today announced that members of the Canadian Auto
Workers, Local 523 ("CAW Local Union"), the union representing
approximately 350 employees at the Welland, Ontario, facilities of
Lakeside Steel Corporation ("Lakeside Steel"), the wholly-owned
subsidiary of Lakeside, ratified a new collective agreement for a
three-year term ending October 31, 2014. The Company believes that
the new agreement provides good benefits for both the CAW Local
Union and Lakeside Steel. Ron Bedard, President and Chief Operating
Officer of Lakeside stated, "We are very pleased to have a new
collective bargaining agreement in place with our Welland work
force who continue to be one of the most highly skilled and
committed in the industry." About Lakeside Steel Inc. Lakeside is a
2011 TSX Venture Exchange 50 company and the parent company of
Lakeside Steel Corporation, Lakeside Steel Alabama Inc. and
Lakeside Steel Texas Inc. Lakeside has operating facilities located
in Welland, Ontario, and Corpus Christi, Texas, and three
facilities currently being constructed in Thomasville, Alabama.
Lakeside is a diversified steel pipe and tubing manufacturer with a
focus on manufacturing and upgrading Oil Country Tubular Goods.
Lakeside's list of customers includes large oil and gas end users
as well as distributors across North America. Lakeside Steel
Alabama will be a diversified steel pipe manufacturer with
end-finishing and heat treat capabilities strategically situated in
the southern United States on successful completion of construction
of the new facilities in Thomasville, Alabama. Construction of the
Alabama facilities is currently underway. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Lakeside was recognized as a TSX Venture 50® company in 2010 and
2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under
license. Lakeside Steel Inc. CONTACT: Ron Bedard Ken Hunter
President and Chief Operating Officer Chief Financial
OfficerLakeside Steel Inc. Lakeside Steel IncFAX: (905)735-9069
FAX: (905)735-9069e-mail: ron.bedard@lakesidesteelcorp.ca
e-mail:ken.hunter@lakesidesteelcorp.ca
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