June 13, 2008 - Evraz Group S.A. (LSE: EVR) (“Evraz”) today announced its North American subsidiary will now operate under the name, Evraz Inc. NA.
Effective immediately, the new name impacts the North American headquarters in Portland Oregon and all eight production facilities, including; the steel production facilities in Pueblo Colorado, Regina Saskatchewan and Claymont Delaware; the seamless pipe, rod and rail mills in Colorado, the plate mills in Claymont, Regina and Portland, Oregon; the coil processing facility in Surrey, British Columbia; the structural tubing facility in Portland; the pipe mills in Portland and Regina; as well as the Alberta pipe mills in Red Deer, Calgary and Camrose.
“The addition of the former IPSCO Canadian facilities into the Evraz group enhances our presence in North America to approximately 5 million tons of rolled steel product and the time has come to operate under the Evraz brand name” said Alexander Frolov, Chairman of the Board, President and CEO of Evraz Group S.A. “As one unified company, focused on value-added steel and tubular products, we believe the best way to do business is with a consistent brand in the market place.”
Jim Declusin, President and CEO of Evraz Inc. NA added, “For more than 50 years, the world has known us as IPSCO and Oregon Steel and our subsidiaries as Rocky Mountain Steel Mills, Claymont Steel, Columbia Structural Tubing, and OSM Tubular. While it takes time getting used to a new name, we feel strongly that our customers, employees, suppliers and the communities in which we operate will soon discover it’s business as usual under the Evraz umbrella. Under our new name, we will continue to produce the same great products and deliver with the same quality service that our customers know they can expect.”
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