IPSCO And Its Employees Give Generously To United Way
Lisle, Illinois, January 19, 2005 - IPSCO Inc. (NYSE/TSX: IPS) announced today the Company and its employees have donated nearly $260,000 (USD) towards the various United Way Campaigns in the communities in which it operates. Campaigns for the internationally recognized charity are conducted at each IPSCO site with the Company matching each dollar pledged by its employees. IPSCO says checks will be distributed to 13 United Way chapters across North America this week.
“I am very pleased with the employee participation in such a worthy cause,” said David Sutherland, IPSCO’s President and Chief Executive Officer. “We have always been a compassionate and community-minded corporation and this is clearly reinforced in a record contribution campaign from IPSCO this year.”
IPSCO has supported the United Way by conducting workplace campaigns and a matching corporate pledge since the 1960’s. Today, there are 2,400 employees working for the Company in the various operations located through the United States and Canada. Sutherland hopes to see employees even more involved in the future and continue record contribution levels.
Today’s announcement reflects IPSCO’s ongoing annual commitment to the United Way and is in addition to other recent donations made by the Company. This month, IPSCO and its employees donated $120,000 (USD) for South Asia tsunami relief efforts and this past September, also raised close to $60,000 (USD) to support those in Alabama most affected by Hurricane Ivan. “These contributions demonstrate both the generosity and character of IPSCO employees,“ said Sutherland.
IPSCO operates steel mills at three locations and pipe mills at six locations in Canada and the United States. As a low cost North American steel producer, IPSCO has a combined annual steel making capacity of 3,500,000 tons. The Company's tubular facilities produce a wide range of tubular products including line pipe, oil and gas well casing and tubing, standard pipe and hollow structurals. Steel can also be further processed at IPSCO's five temper leveling and coil processing facilities.
Company Contact:
John Comrie, QC
Director, Trade Policy and Communications
Tel. 630-810-4730
Release 05-04
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