The new end-finishing and heat treatment facility will allow Lakeside Steel to upgrade and process the high value-added American Petroleum Institute-certified J, L, N and P grades of OCTG products that it produces.
Ron Bedard, President and CEO of Lakeside commented, "Today's announcement is a sign of Lakeside Steel's faith in Thomasville and surrounding areas as well as the State of Alabama. Once operational, this facility will provide the Company with state of the art end-finishing and heat treat facilities that will allow Lakeside to produce competitive, quality products close to our end use markets. Lakeside continues to focus on having some of the newest and most cost effective assets in the industry."
The project remains subject to customary conditions and the execution and delivery of definitive agreements, including agreements involving the City of Thomasville, the Industrial Development Board of the City of Thomasville, and Clarke County Alabama.