Title:
Stelco Hamilton Works and Lake Erie Works Plant Modernization Project
Agreement Value:
$49,900,000.00
Agreement Date:
Jan 1, 2018 - Jun 30, 2023
Description:
Improvements and upgrades to the company`s Hamilton facilities in order to modernize its steel production lines.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
The investment will allow the company to improve its ability to supply customers in advanced manufacturing sectors, expand its suite of products and bring new and innovative products to the North American market.
Location:
Hamilton, Ontario, CA L8L8K5
Reference Number:
033-2019-2020-Q3-812925
Agreement Type:
Other transfer payment
Report Type:
Grants and Contributions
Recipient Business Number:
105011837
Recipient Type:
For-profit organization
Additional Information:
The Amendment was required to change the project completion date, from 2031-01-01 to 2033-01-01. This is a partially repayable contribution.
Amendment Date
Nov 24, 2020
Recipient's Operating Name:
Stelco Inc.
Recipient's Legal Name:
Stelco Inc.Prudential Steel
Federal Riding Name:
Hamilton Centre
Federal Riding Number:
35035
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.