EVRAZ to Expand Portland Tubular Operations to Supply the Growing North American Energy Sector
5 August 2011 – EVRAZ Group (LSE: EVR) (“EVRAZ” or the “Company”) hereby announces plans to expand EVRAZ Inc. NA’s structural tubing facility in Portland, Oregon, to add capacity to manufacture American Petroleum Institute certified (API) pipe. This multi-million dollar investment will position EVRAZ to meet the growing demand for oil country tubular goods (OCTG) products in the energy sector.
The expansion is scheduled for completion by August 2012 and will bring the mill’s total capacity from 120,000 short tons up to 250,000 short tons of API pipe and structural squares, rounds and rectangles. EVRAZ will supply steel for the API pipe from its sister steel mill next door. The facility will continue to support the structural tubing market in addition to the new OCTG product line.
EVRAZ manufactures a comprehensive line of tubular products in small and large diameters for exploration and transmission as well as structural squares, rounds and rectangles. In addition to Portland, EVRAZ operates pipemaking facilities in Regina, Saskatchewan; Camrose, Calgary; Red Deer, Alberta; and Pueblo, Colorado. The steel for EVRAZ tubular facilities is supplied by the Company’s steelmaking mills in Portland, Regina and Pueblo, this vertical integration ensures product quality and integrity throughout the entire manufacturing process.
“Energy exploration in the Bakkens region and western Canada is rapidly expanding, and our customers are looking for more high-quality heat-treated API pipe than we can supply from our western Canadian mills,” said Mike Rehwinkel, President and CEO of EVRAZ Inc. NA. “Our Portland facility is ideally suited to help fill this need, both in terms of its geographic location as well as the manufacturing expertise of our local team.”
For further information:
VP, Corporate Communications
+7 495 937 6871
Director, Investor Relations
+7 495 232 1370