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Canada Announces Support For The Aluminum Sector In Quebec

Metal News - Published on Mon, 24 Jun 2019

Image Source: Toronto Star
The steel and aluminum sectors are key contributors to the Canadian economy, providing well-paying jobs in many regions. The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced a USD 10 million investment in an USD 85 million project that will support more than 520 jobs at Alcoa's aluminum plant in Deschambault-Grondines, Quebec, and that will be completed by the end of 2021.

This investment will help the Alcoa Deschambault Aluminerie innovate by acquiring cutting-edge technological equipment that will enable it to increase aluminum production at a lower cost and to better meet market demand in the short and long term.

The Government is investing in Canada's world-class steel and aluminum producers—such as EVRAZ North America, Algoma Steel Inc., ArcelorMittal and Elysis, an Alcoa Corporation and Rio Tinto Aluminum joint venture. These investments will ensure that these companies continue to provide thousands of middle-class Canadians with good jobs and to contribute significantly to our economy and manufacturing supply chains.

Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development said that "Canadian aluminum producers and workers form the economic backbone of communities across the country, including in Quebec. This investment will help Alcoa maintain at least 520 jobs and upgrade its facilities to become more competitive and expand its market reach."

Mr Jean-Yves Duclos, Minister of Families, Children and Social Development said that "We are committed to supporting Canadian aluminum workers and the innovative, world-class products they produce. Our investment in the Alcoa Deschambault Aluminerie will help strengthen the competitiveness of the aluminum sector for years to come, maintain Canada's position in the global market and support jobs for middle-class Canadians."

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Posted By : Ratan Singh on Mon, 24 Jun 2019
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