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September 2004

IPSCO Foundation to Give $100,000 to Education System

Mobile, AL— IPSCO Inc. Toronto announced that more than $100,000 will be infused into the education system in north Mobile County in the next year.

The money is a direct result of savings generated by the company by substituting scrap tires for carbon in the steel manufacturing process.

IPSCO has decided to use a significant portion of the money it is saving at its Alabama Steelworks from this new and improved steelmaking process to underwrite education projects throughout Mobile County, particularly at its local partner schools. The funds will be distributed by the newly formed IPSCO Foundation for Education, a registered charity whose primary purpose will be to provide financial support to local schools.

It is expected in the first year of the program, the IPSCO Foundation for Education will contribute more than $100,000 in supportive education funding. The project is also expected to carry on into future years at similar funding levels, but this will be dependent on cost savings continuing to be realized from the use of scrap tires in our steel manufacturing process.

According to IPSCO Steel (Alabama) Inc. president Paul Wilson, IPSCO is not only reducing an environmental burden and health hazard in the Mobile area, it is using the proceeds to benefit many local schools in north Mobile County. "IPSCO has successfully developed a formula to use primary shredded scrap tires as a raw material supplement in place of carbon," said Wilson at a news conference to announce the education initiative.

IPSCO also recently completed a school supply drive in north Mobile County, which resulted in $15,000 worth of supplies for area schools. The "Fill the Bus" campaign was held over two weekends at the Saraland Wal-Mart and encouraged the public to get involved in fulfilling wish lists from area schools. Everything from rulers and crayons to notebooks and pencils were collected and distributed to 7 local schools.


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