Ontario, Canada-based pipe and tube manufacturer Lakeside Steel Inc. has announced that the PCB materials previously stored onsite at the Welland, Ontario facility of its wholly-owned subsidiary Lakeside Steel Corporation (Lakeside) have been removed in accordance with the previously announced environmental remediation plan.
Lakeside Steel engaged Canada-based Bennett Environmental, a high temperature treatment services company for the remediation of contaminated soils, in July 2010 to remove the approximately 10,500 mt of PCB impacted material that was securely stored in tanks on Lakeside's property in Welland. The project is funded through cash flow and the company intends to remove the remaining portion of the $5.9 million environmental liability from its balance sheet.