IPSCO Inc. announced that it is proceeding with a $52.5 million expansion of its existing large-diameter pipe making facility in Regina, Saskatchewan. This expansion will include an additional pipe forming mill and related finishing equipment which will increase the capacity, productivity and flexibility of the existing facility. Together with its previously announced capacity increase currently under construction, IPSCO's large-diameter spiral pipe capacity will be increased by two-thirds to 500,000 tons by early 2008.
IPSCO is a leader in the production of large-diameter oil and gas transmission pipe with an integrated steel and pipe supply backed by extensive production experience and technology developed at its Frontier Pipe Research Unit. In addition to supplying all of the major oil and natural gas transmission companies, IPSCO has extensive advanced Grade 80 line pipe installed in North America, completing 306 miles of the El Paso Cheyenne Plains Project in 2004. In addition, IPSCO has supplied Grade 100 line pipe which was successfully installed in TransCanada's Stittsville project in August 2006. Both the steel and pipe for this cutting edge project were produced at IPSCO's facilities. IPSCO has the capability to produce these advanced grades of steel from its mills in Regina, Saskatchewan; Montpelier, Iowa; and Mobile, Ala.