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Canada to Support Stelco with CAD 49 million

Steel News - Published on Fri, 16 Aug 2019

Image Source: City News
Canada’s Minister of Seniors Filomena Tassi, on behalf of Navdeep Bains, Minister of Innovation, Science and Economic Development, announced CAD 49.9 million investments in Stelco to support a CAD 412 million project that will create 75 jobs and maintain 2,200 more in Ontario. This investment will enable Stelco to upgrade its facilities in Hamilton and Lake Erie, Ontario, to modernize its steel production lines; improve its ability to supply customers in advanced manufacturing sectors; expand its suite of products; and bring new and innovative products to the North American market.

Mr David Cheney, CEO of Stelco, said “Stelco has a proud history of bringing innovation to market by revolutionizing the steelmaking process and through the products we develop for our customers. Through this partnership with the Government of Canada, we intend to continue that tradition by modernizing our facilities and empowering our 2,300 employees to manufacture the next generation of steel products our customers demand.”

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Posted By : Ratan Singh on Fri, 16 Aug 2019
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