Grants and Contributions:

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Title:

Aluminum Silicon (Al-Si) Coating Conversion of #5 Hot-Dipped Galvanizing Line (#5HDGL)

Agreement Number:

813021

Agreement Value:

$11,500,000.00

Agreement Date:

Mar 9, 2020 - Jan 1, 2034

Description:

This project aims to produce an aluminum-silicon (Al-Si) coated press-hardenable steel into ArcelorMittal Dofasco's facility to meet industry demands.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

The investment will allow the company to upgrade their coating application process and buy new equipment in order to produce an aluminum-silicon coated press-hardenable steel, known as USIBOR. With this investment, ArcelorMittal will be the only Canadian supplier of this steel product to service the growing demand in the Canadian and Northern US regions.

Location:

Hamilton, Ontario, CA L8N3J5

Reference Number:

033-2019-2020-Q4-813021

Agreement Type:

Other transfer payment

Report Type:

Grants and Contributions

Recipient Business Number:

101428068

Recipient Type:

For-profit organization

Additional Information:

The amendment has been completed to change the recipient's legal name from "ArcelorMittal Dofasco MP Inc." to "ArcelorMittal Canada MP Inc. and add ArcelorMittal Dofasco G.P." and to extend the agreement end date from January 1, 2032, to January 1, 2034. This is partially repayable contribution.

Amendment Date

Jul 15, 2024

Recipient's Operating Name:

ArcelorMittal Canada Inc.

Recipient's Legal Name:

ArcelorMittal Canada Inc.

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.

NAICS Code:

331110

Amendments:

See Amendments