Grants and Contributions:
Title:
Value Added Wire Products and Electric Arc Furnace Investment
Agreement Number:
814618
Agreement Value:
$18,000,000.00
Agreement Date:
Jun 4, 2019 - Dec 31, 2023
Description:
Make improvements to facilities in Ontario and Quebec to diversify their product mix and supply the domestic market with more value-added products at a competitive price.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
Help bolster the competitiveness of Canadian manufacturers and better integrate the Canadian supply chain of steel and aluminum
Location:
L'Orignal, Ontario, CA K0B1K0
Reference Number:
033-2019-2020-Q2-814618
Agreement Type:
Other transfer payment
Report Type:
Grants and Contributions
Recipient Business Number:
846342145
Recipient Type:
For-profit organization
Additional Information:
Multi-Year Grant or Contribution, 2019/20 to 2020/21.
Recipient's Operating Name:
Ivaco Rolling Mills, Sivaco Quebec
Recipient's Legal Name:
Heico Canada Holding Company
Federal Riding Name:
Glengarry--Prescott--Russell
Federal Riding Number:
35031
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:
335930