Bri-Chem net climbs as seamless mill ramps up

May 16, 2012 | 02:18 PM | Michael Cowden

Tags  Bri-Chem, steel pipe, distribution, large-diameter seamless, energy tubulars, Michael Cowden

TORONTO — Bri-Chem Corp.’s earnings climbed as the steel pipe producer and distributor continued to ramp up its large-diameter seamless pipe mill in Canada and explore further expansion possibilities.

The Edmonton, Alberta-based company, which also makes fluids used in the oil and gas drilling sector, posted net income of Canadian $2.9 million ($2.87 million), up 9.9 percent from the same period last year, on sales that increased 3.8 percent to nearly C$52.6 million ($52 million).....

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