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Exhibit 99.1
[LOGO]
LONE STAR NEWS RELEASE
TECHNOLOGIES, INC.
CONTACT: CHARLES J. KESZLER
(972) 770-6495
Fax: (972) 770-6411
EXPANDING CAPACITY ENHANCES FINTUBE'S LEADERSHIP POSITION TO
MEET GROWING POWER GENERATION DEMAND
Dallas, TX, July 27, 2000..... Lone Star Technologies, Inc. (Lone Star),
NYSE:LSS, announced that one of its operating subsidiaries, Fintube
Technologies, Inc. (Fintube), has initiated several projects to expand its
capacity for specialty tubing products used in power generation plants.
Fintube will open a new finning facility in Monterrey, Mexico in September
2000 to serve the growing finned tube market in Mexico. Fintube also has
entered into an exclusive multi-year selling agreement with Cerrey, S.A. de
C.V. (Cerrey) of Monterrey. Cerrey is Mexico's leading producer of power
generation equipment.
Fintube is also near completion of expansion of capacity for finned tubes in
its Oklahoma facilities with newly upgraded production equipment. In
addition, Fintube recently completed the purchase of a 65,000 sq. ft.
fabrication facility to provide fabrication services for heat recovery steam
generators.
Rhys J. Best, Chairman, President and Chief Executive Officer, stated, "Our
recent initiatives are a continuation of our strategy to enhance Fintube's
market leadership position in the design, production, and marketing of finned
tubes to meet the increasing demand for new electrical power generating
plants in North America."
Lone Star Technologies, Inc. is a holding company whose principal operating
subsidiaries manufacture and market oilfield casing, tubing, and line pipe,
specialty tubing products including precision mechanical tubulars and finned
tubes used in a variety of heat recovery applications, and flat rolled steel
and other tubular products and services.
This release contains forward looking statements based on
assumptions that are subject to a wide range of business
risks. There is no assurance that the estimates and
expectations in this release will be realized. Important
factors that could cause actual results to differ
materially from the forward looking statements are
described in the periodic filings of Lone Star
Technologies, Inc. with the Securities and Exchange
Commission, including its Annual Report on Form 10-K/A for
the year ended December 31, 1999.
