SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : PRUDENTIAL STEEL (tse:PTS)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sans Souci who wrote ()5/16/2000 10:40:00 AM
From: Matt Cecile   of 69
 
Prudential Steel Ltd -
Prudential adds new premium threader facility
Prudential Steel Ltd PTS
Shares issued 30,235,572 2000-05-15 close $18
Tuesday May 16 2000
Mr. Bob Jaggard reports
Prudential Steel has added to its state-of-the-art facilities in Calgary, Alta.
Prudential is adding a premium threader facility to its Calgary operation to complement the company's wide variety of premium pipe products. The new threader will enable greater participation in the heavy oil sector for Prudential by offering a product that it does not currently participate in. Prudential will now be able to apply premium threads to its ERW tubular products making Prudential a one-stop shop for its customers requiring such threads. The company will also be able to apply these threads to other pipe products holding higher values than ERW.
These premium threads are for use in specific applications where high tension and compression exist such as thermal and long-reach horizontal conditions found in heavy oil, high-pressure gas and sour wells.
In keeping with its commitment to provide its customers products that will meet their demanding and ever-changing needs as well as focusing on convenience and service for its customers, Prudential is now associated with Hydril, Nippon and Hunting Interlock and will be offering its customers the following premium connections:
Hydril Series 500 wedge thread;
Hydril 563 thermal connection;
Nippon NSCC thermal casing connection;
Hunting Interlock Boss, SLHT; and
Hunting 40-40 tubing and casing connections. P> Prudential's new threader is now under construction with an anticipated first run date in June, 2000. It is estimated that the new threading facility will be running at capacity in the third quarter to serve a very strong forward order position.
Prudential remains focused on providing its customers with the best threaded connections suited to the application regardless of the pipe grade. The addition of the premium threader facility will allow the company to diversify its product range and serve a greater number of customers within the energy sector.

(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News