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Classified in: Mining industry, Business
Subject: CFG

Minister Tassi announces investment to support almost 2,300 Canadian steel workers in southern Ontario


Government of Canada investing in Canadian steel workers and Canadian interests

HAMILTON, ON, Aug. 14, 2019 /CNW/ - The Government of Canada stands with hard-working steel and aluminum workers, their families and their communities. The government is delivering on its commitment to support the steel manufacturing sector and its workers.

Today, the Honourable Filomena Tassi, Minister of Seniors, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced a $49.9-million investment in Stelco to support a $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.

The government's investments in Canada's world-class steel and aluminum producers?such as EVRAZ, Algoma Steel Inc., ArcelorMittal, Elysis (Alcoa Corporation and Rio Tinto Aluminum joint venture), Alcoa (in French), Aluminerie Alouette, Nova Tube Inc., Gerdau Ameristeel and Tenaris?are ensuring they continue to provide thousands of Canadians with good middle-class jobs and remain important contributors to our economy and manufacturing supply chains.

Quotes

"We are committed to supporting Canadian steel workers and the innovative, world-class products they produce. Our investment in Stelco 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."
? The Honourable Filomena Tassi, Minister of Seniors 

"Canadian steel producers and workers form the economic backbone of communities across our country. This investment will support almost 2,300 jobs at Stelco and help it upgrade its facilities to become more competitive and expand its market reach."
? The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development 

"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."
? David Cheney, Chief Executive Officer, Stelco    

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SOURCE Innovation, Science and Economic Development Canada


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News published on 14 august 2019 at 16:00 and distributed by: