Facts about Ipsco
FACTS ABOUT IPSCO INC.
About Ipsco Inc.
Ipsco Inc. is a US based Canadian publicly traded corporation with a leadership position in both steel and energy tubular industry, with operations spanning the U.S. and Canada. Today, the company operates facilities that have the capacity to make 3,900,000 metric tons of steel annually. Utilizing electric arc furnaces, the steelworks melt steel scrap, and with the addition of appropriate alloys, create numerous grades and strengths of hot rolled discrete plate and coil. Steel can then be further processed at the company's temper levelling and coil processing facilities. In addition, pipe making facilities are located across the U.S. and Canada that can produce square, rectangular, and round tubular products in various diameters. Today Ipsco’s shares are widely held and traded on both the New York and Toronto Stock Exchanges. The company is recognized for its leadership position in both the steel and energy tubular industry.
Facilities and Products
- Ipsco’s sole line of business is steelmaking and further processing into tubular products for parts of its’ steel output.
- The company operates four steel mills, eleven pipe mills, nine product finishing facilities and nine scrap processing centres in 25 geographic locations across the United States and Canada.
- Ipsco’s steelmaking facility in Regina, Saskatchewan has a liquid steel capacity of 1 million metric tons per year. In Montpelier, Iowa, the company has a capacity of 1,2 million metric tons. In Mobile, Alabama, the company also has a capacity of 1,3 million metric tons. As with Ipsco’s other two steelmaking facilities, this facility uses steel scrap as its primary raw material.
- Through its recent acquisition of NS Group, the company now operates seamless tubular products. The steel mill at Koppel has a capacity of 400,000 metric tons per year.
- Ipsco operates cut-to-length facilities in Regina, Saskatchewan; Surrey, British Columbia; St. Paul, Minnesota; Toronto, Ontario; and in Houston, Texas. The Toronto, Houston, and St. Paul facilities also feature temper mills.
- Ipsco also owns General Scrap, the major scrap supplier to its Regina steel operations.
- In July 2000, Ipsco opened its’ Executive Offices in Lisle, Illinois.
- The by-products of steelmaking are converted into other useful products. For example, slag is used for roadway and parking lot landfill and a minor by-product, iron oxide removed from cooling water, is used as a raw material by cement companies.
Financials
- Ipsco employs directly and through its subsidiary companies approximately 4,300 people.
- In 2006 Ipsco had record sales of $3.78 (3.03) billion.
- In 2006 Ipsco had record earnings of $ 643.1 (585.8) million.
- Ipsco Inc. shares are traded on The Toronto Stock Exchange in Canada and on the New York Stock Exchange in the U.S.
- The company is dual listed as "IPS" on the NYSE and TSX.
- Common shares outstanding as of December 31, 2006 were 47,213,592.
- In 1999 Ipsco began reporting its financial results in U.S. dollars.
History
The company was founded in 1956 as Prairie Pipe Manufacturing Company Ltd. making only pipe. At that time pipe making facilities were installed at the Regina, Saskatchewan, Canada site.
Over the years the company has expanded to have facilities in five provinces and seven states. Prairie Pipe was successful right from the start and was initially traded on the Winnipeg stock exchange.
In 1957, many of the original pipe company investors formed a new enterprise named "Interprovincial Steel Corporation" and proceeded to build a small steel mill.
While the pipe company continued its success, the steel company ran into financial difficulties and in 1959 Prairie Pipe purchased all the assets of Interprovincial Steel Corporation. A year later Prairie Pipe changed its name to "Interprovincial Steel and Pipe Corporation" and began production of steel in 1960.
The company soon came to be known as "Ipsco" and in 1984 that became its formal name.
As the new century began, most of Ipsco’s assets and customers were located in the U.S. resulting in the establishment of an operational headquarters in the suburbs of Chicago. However, Ipsco remains a Canadian company with its registered office and significant manufacturing facilities in Regina.
By that time Ipsco has become the premier supplier of plate in the North American steel industry, while building on its history as a major pipe supplier to the energy industry.
In December 2006, Ipsco acquired NS Group, further strengthening the company's position as a leader in the North American energy tubular sector and significantly expanding its U.S. market presence by offering seamless and welded oilfield tubular goods. Through the merger, the company expanded to 25 geographic locations and its employee base to 4,300 workers.
Officers
President and Chief Executive Officer – David Sutherland
Executive Vice President – Steel and Chief Commercial Officer – John Tulloch
Senior Vice President and Chief Financial Officer – Vicki Avril
Senior Vice President and Chief Technical Officer – Joseph Russo
Vice President, Corporate Development – David Britten
Vice President and General Sales Manager, Canadian Tubular Products – Barry Hodson
Vice President, General Counsel and Corporate Secretary – Leslie Lederer
Vice President of Primary Operations President, Ipsco Saskatchewan Inc. – Peter MacPhail
Vice President Operations Services – Greg Maindonald
Vice President and General Sales Manager, Steel Products – Daniel Miksta
Vice President and Chief Human Resources Officer – Raymond Rarey
Contact
Lisle Office
Ipsco Inc.
650 Warrenville Road, Suite 500
Lisle, Illinois 60532
Tel: + 1 630-810-4800
Toll Free: + 1 877-594-7726
Regina Office
Ipsco Inc.
P.O. Box 1670, Armour Road
Regina, Saskatchewan S4P 3C7
Tel: +1 306-924-7700
Toll Free: + 1 800-667-1616
Contact Corporate Communications
Kelly Brossart
Corporate Communications Officer
Tel: + 1 306-924-7475
kbrossart@ipsco.com
Contact Shareholder and Investor Relations
Tom Filstrup
Director, Investor Relations
Tel: + 1 630-810-4772
tfilstrup@ipsco.com