Grants and Contributions:
Title:
1018106
Agreement Number:
1018106
Agreement Value:
$4,900,000.00
Agreement Date:
Sep 1, 2024 - Sep 30, 2028
Description:
To adopt cutting-edge equipment at its new facility in Ingersoll for lightweight laser-welded blanks for the automotive and EV market.
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:
INGERSOLL, Ontario, CA N5C 3J8
Reference Number:
062-2024-2025-Q4-00083
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
119873420
Recipient Type:
For-profit organization
Recipient's Operating Name:
ArcelorMittal Tailored Blanks Americas Limited
Recipient's Legal Name:
ARCELORMITTAL TAILORED BLANKS AMERICAS LIMITED
Federal Riding Name:
Oxford
Federal Riding Number:
35080
Program:
Business Scale-up and Productivity (BSUP)
Program Purpose:
To accelerate the growth of firms and assist with the adoption and adaptation of new, innovative technologies that support scale-up, productivity, development of and entry into new markets to help companies become globally competitive.
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:
336390