Grants and Contributions:
Title:
815927
Agreement Number:
815927
Agreement Value:
$5,000,000.00
Agreement Date:
Aug 10, 2020 - Dec 31, 2023
Description:
The project supports the adoption of advanced manufacturing technologies to improve the company's productivity and grow its capacity to produce hi nickel-alloys and stainless steel with improved characteristics. FedDev Ontario funding will support advanced manufacturing capabilities including the purchase and installation of porous plugs, scrap cars, building new electronic arc furnaces (EAF), as well as IT infrastructure for the facility.
Organization:
Federal Economic Development Agency for Southern Ontario
Expected Results:
To achieve one or more of the following departmental results, i) Businesses in southern Ontario invest in the development and commercialization of innovative technologies, ii) Businesses in southern Ontario are innovative and growing; and iii) Communities are economically diversified in southern Ontario.
Location:
Welland, Ontario, CA L3B 0E5
Reference Number:
062-2020-2021-Q3-00390
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
800880056
Recipient Type:
For-profit organization
Recipient's Operating Name:
Valbruna ASW Inc.
Recipient's Legal Name:
Valbruna ASW Inc.
Federal Riding Name:
Niagara Centre
Federal Riding Number:
35066
Program:
CED & Diversification
Program Purpose:
To develop, diversify and transform local economies by promoting small business development, community innovation and strategic collaborations.
Coverage:
To achieve one or more of the following departmental results, i) Businesses in southern Ontario invest in the development and commercialization of innovative technologies, ii) Businesses in southern Ontario are innovative and growing; and iii) Communities are economically diversified in southern Ontario.
NAICS Code:
331210