Press release from Marketwire
Bri-Chem Corp.: Thermal Pipe Expansion Mill in Production
Thursday, September 22, 2011
Bri-Chem Corp.: Thermal Pipe Expansion Mill in Production09:56 EDT Thursday, September 22, 2011EDMONTON, ALBERTA--(Marketwire - Sept. 22, 2011) - Bri-Chem Corp. ("Bri-Chem") (TSX:BRY),a leading North American wholesale distributor of oil and gas drilling fluids, steel pipe and piping products is pleased to provide the following update on its of large diameter seamless steel pipe manufacturing facility located in Edmonton, AB, Canada. Thermal Pipe Expansion (TPE) MillThe Thermal Pipe Expansion (TPE) mill is now in production. The first shipment, consisting of 40 foot lengths of 18"OD standard wall A106B seamless pipes, was transported September 15, 2011. Bri-Steel Manufacturing Inc. (Bri-Steel) has also manufactured in excess of 90 additional pieces to date which are in cue for final testing in preparation for shipment. Bri-Steel has purchased the necessary raw material to fulfil secured pre-orders from distributors for approximately two months of production utilizing one full shift of capacity. Bri-Steel has submitted its application to the American Petroleum Institute (API) for mill certification and has received approval on the documentary portion of the audit. The API facility audit is scheduled to commence shortly. "Operational performance of the TPE mill has exceeded Bri-Chem's expectations" commented Don Caron, Chief Executive Office of Bri-Chem, "We are excited about the competitive advantage the TPE mill will bring to the steel division and we can now look at further expansion opportunities."About Bri-ChemBri-Chem is a wholesale distributor of drilling fluids, steel pipe and piping products to the oil and gas industry in North America. Bri-Chem provides over 350 drilling fluid products and is a custom blender of cementing, acidizing and fracturing additives and distributes Oil Country Tubular Goods (OCTG), carbon steel welded and seamless fluid and gas transmission pipe. Additional information about Bri-Chem is available at www.sedar.com or at Bri-Chem's website at www.brichem.com. Forward Looking StatementsCertain statements contained in this press release, including statements which may contain words such as "could", "should", "expect", "anticipate", "believe", "will", and similar expressions and statements relating to matters that are not historical facts are forward looking statements. Such forward looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of Bri-Chem to be materially different from any future results, performances or achievements expressed or implied by such forward looking statements. Such factors include, but are not limited to, fluctuations in oil and gas activity levels, political and economic conditions, and the demand for products provided by Bri-Chem. To receive Bri-Chem news updates send your email to firstname.lastname@example.org.FOR FURTHER INFORMATION PLEASE CONTACT: Jason TheissBri-Chem Corp.CFO(780) 455 8667 email@example.comORCathy HumeCHF Investor RelationsCEO(416) 868-1079 firstname.lastname@example.orgTHE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.