January 7, 2005
IPSCO Inc. is donating $100,000 to the Red Cross South Asia Earthquake and Tsunami Relief Fund. The company has pledged $50,000 to help the Canadian Red Cross raise money for tsunami survivors. The other $50,000 will be provided to the American Red Cross for its relief work.
"IPSCO is a compassionate company that wants to do something to assist those devastated by the earthquake and tsunami that hit many parts of Asia and east Africa," said David Sutherland, president and CEO.
Sutherland added that the company is in the process of establishing an Employee Donations Fund to facilitate collecting personal donations from its employees across North America. In addition to the $100,000 donation, the company also will match every dollar contributed by its employees.
IPSCO is an electric furnace flat rolled steel producer and developer of high strength steel and pipe. Headquartered in Lisle, Ill., the company operates facilities in the U.S. and Canada.