Improving Production at ArcelorMittal Dofasco
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
This announcement supports the province’s five-year Open Ontario plan to create new job opportunities and help promote economic growth.
“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
— Sophia Aggelonitis,
“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
remain competitive and our regional economy to regain strength.”
— Juergen Schachler, President and CEO, ArcelorMittal Dofasco
§ ArcelorMittal Dofasco has committed to invest $253 million by 2013.
§ Established in
§ As a result of the province’s tax changes, taxes on new business investment were cut in half, making