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Canada Government Supports Gerdau Ameristeel Whitby & Cambridge Upgrade

Steel News - Published on Tue, 30 Jul 2019

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The Government of Canada stands with hard-working steel and aluminum workers, their families and their communities. And we are delivering on our commitment to support the steel manufacturing sector and its workers. Today, Jennifer O'Connell, Parliamentary Secretary to the Minister of Finance (Youth Economic Opportunity), on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced a $20-million investment in an $81.2-million project that will create 108 jobs and maintain 710 more in Whitby and Cambridge, Ontario.

This investment will help Gerdau Ameristeel upgrade its facilities in Whitby and Cambridge to modernize steel production lines, reduce manufacturing costs, reduce the amount of scrap metal going to landfills and improve production capability for billets, which are semi-finished long steel products used to produce other steel-based products such as angles, rebar, flats or channels.

Ms Jennifer O'Connell, Parliamentary Secretary to the Minister of Finance (Youth Economic Opportunity) said that "We are committed to supporting Canadian steel workers and the innovative, world-class products they produce. Our investment in Gerdau will help strengthen the competitiveness of the steel sector for years to come, maintain Canada's position in the global market and support jobs for middle-class Canadians here in Durham region."

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Posted By : Ratan Singh on Tue, 30 Jul 2019
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