Organization: ArcelorMittal SA

New SIF funding for steel producer ArcelorMittal to support 6,400 Canadian jobs

In response to American tariffs on Canadian steel, economic development minister Navdeep Bains announced a $49.9 million Strategic Innovation Fund (SIF) investment to support an undertaking by steel company ArcelorMittal to modernize its facilities. The $205 million project aims to improve efficiency, sustainability, and productivity across its operations. With this investment, ArcelorMittal expects to reduce…

FedDev Ontario invests $12.7 million in ArcelorMittal

The federal government has invested $12.7 million in Woodstock ON-based ArcelorMittal Tailored Blanks Americas Ltd (AMTB) to assist in the adoption of advanced manufacturing technologies. The funding flows through the Federal Economic Development Agency for Southern Ontario. AMTB will use the funding to adopt robotic laser-welding technologies used for the production of auto parts. AMTB…