Agreement Value:
$76,200,000.00
Agreement Date:
May 15, 2026 - Jan 1, 2041
Description:
This project will support the
expansion and modernization of
advanced steel pipe and tube
manufacturing operations at Algoma
Tubes Inc.’s Sault Ste. Marie facility,
including upgrades to production
equipment, automation, and
processing capabilities to increase
domestic capacity and improve
productivity for high-performance
energy and industrial applications.
The project’s work phase is
scheduled to end on March 31, 2029.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
The investment will strengthen
domestic manufacturing capacity for
advanced steel pipe and tube
products used in Canada’s energy
and industrial sectors, reduce reliance
on imports, and improve the
company’s competitiveness through
increased productivity, automation,
and expanded production capabilities.
The project is expected to support
long-term industrial resilience, supply
chain security, and high-quality
manufacturing jobs in Canada.
Location:
Sault Ste. Marie, Ontario, CA P6C 1L5
Reference Number:
033-2026-2027-Q1-820337
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
870995321
Recipient Type:
For-profit organization
Recipient's Operating Name:
Tenaris
Recipient's Legal Name:
Algoma Tubes Inc.
Federal Riding Name:
Sault Ste. Marie
Federal Riding Number:
35092
Program:
Strategic Response Fund - Tariff Affected Sector Support
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. Increasing manufacturing capacity; Improving production efficiency through improvements to plant and equipment.