Improving Production At ArcelorMittal Dofasco

Improving Production At ArcelorMittal Dofasco: McGuinty Government Reduces Energy Use And Protects Jobs

NEWS
Ontario is helping ArcelorMittal Dofasco reduce energy use and emissions during the steelmaking process and help maximize its production, supporting good jobs in Hamilton.

The province is investing as much as $43.6 million at ArcelorMittal Dofasco in Hamilton which would help solidify the company as Canada's only producer of Galvalume, a coated steel product with double the durability and corrosion resistance of galvanized steel. The state-of-the-art finishing lines would ensure a steady supply for its customers including the construction and automotive industries.

This investment would also increase work for supply, fabrication construction and engineering trades in the Hamilton area, as well as support research and design businesses.

This announcement supports the province's five-year Open Ontario plan to create new job opportunities and help promote economic growth.

QUOTES
"Our government's support to ArcelorMittal Dofasco, part of the world's largest steel company, signals that Ontario is a highly competitive jurisdiction for new steel investment that is critical to the automotive and other advanced manufacturing industries. We congratulate ArcelorMittal Dofasco who are innovating and accelerating growth by investing in projects that promote sustainability and a reduced environmental footprint."
— Sandra Pupatello, Minister of Economic Development and Trade

"This significant investment in Hamilton means that high-value jobs are here to stay in our community. ArcelorMittal's choice to invest in Hamilton speaks volumes about our skilled workforce and competitive business environment."
— Sophia Aggelonitis, MPP Hamilton Mountain

"Our industry's future will be defined by technologies that enable significant advances in steel production in balance with environmental protection. Our capital investments in Hamilton are focused on extremely innovative projects with sustainability and efficency gains. Ontario's support preserves advanced manufacturing jobs, enables our company and community to
remain competitive and our regional economy to regain strength."
— Juergen Schachler, President and CEO, ArcelorMittal Dofasco


QUICK FACTS
•ArcelorMittal Dofasco has committed to invest $253 million by 2013.
•Established in Hamilton in 1912, ArcelorMittal Dofasco's steel is used heavily in Ontario's automotive sector as well as in the energy, construction, food packaging and consumer goods sectors.
•As a result of the province's tax changes, taxes on new business investment were cut in half, making Ontario more competitive and encouraging to new business investments.

Category:

News & Politics

Tags:

• ontario
• Dofasco
• ArcelorMittal
• Mcguinty
• MEDT
• economic development
• Sandra Pupatello
• economic