Grants and Contributions:

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Title:

812909

Agreement Number:

812909

Agreement Value:

$20,000,000.00

Agreement Date:

Sep 1, 2018 - Dec 31, 2023

Description:

Adopt breakthrough technology to improve overall performance for production of the greenest and most cost-competitive long steel product on the market

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

This project will position Gerdau to be more competitive, drive increased productivity and transform its Ontario operations into a centre of excellence. The project allows Gerdau to reduce green house gas emissions while it continues to deliver on its significant economic, innovation and public benefit for Canada.

Location:

Whitby, Ontario, CA L1N5T1

Reference Number:

033-2019-2020-Q2-812909

Agreement Type:

Other transfer payment

Report Type:

Grants and Contributions

Recipient Business Number:

101167930

Recipient Type:

For-profit organization

Additional Information:

The Amendment has been completed to extend the project agreement end date from 2032-01-01 to 2033-01-01. This is a partially repayable contribution.

Amendment Date

Feb 28, 2023

Recipient's Operating Name:

Gerdau Whitby Mill

Recipient's Legal Name:

Gerdau Ameristeel Corporation

Federal Riding Name:

Whitby

Federal Riding Number:

35114

Program:

SIF - Steel and Aluminum Program

Program Purpose:

-Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.

NAICS Code:

331110

Amendments:

See Amendments