EDMONTON – The federal government is providing 10 companies in Edmonton, Calgary, Lethbridge and Nisku with $5.7 million in funding.
The grants, provided through the Regional Economic Growth through Innovation (REGI) steel and aluminum initiative, aim to help the companies design new products, open new facilities and install advanced manufacturing equipment creating about 150 jobs.
The REGI program aims to help small and medium-sized businesses in the steel, aluminum and manufacturing sectors help enhance productivity and increase competitiveness.
“Our investments in support of small- and medium-sized producers and users of steel and aluminum will help these businesses innovate to drive productivity, scale up, and expand into new markets, which will help create good middle-class jobs,” said Navdeep Bains, federal Minister of Innovation, Science and Economic Development and Western Economic Diversification Canada.
Mary Ng, Minister of Small Business and Export Promotion said small and medium-sized businesses in the steel and aluminum industries are important contributors to the economic vitality of communities across the country.
“By investing in their success, we are investing in the success of all Canadians.”
Amarjeet Sohi, Minister of Natural Resources and Member of Parliament for Edmonton Mill Woods said Canada’s metal resources are crucial to the way energy is generated and used.
“Our ability to shift to a low-carbon economy is dependent on minerals and metals, which includes steel and aluminum. Our investment in these innovative businesses that build products from steel and aluminum is helping these craftsmen contribute their expertise to the clean future we envision.”
In 2018, Canada’s steel and aluminum industry employed more than 33,500 Canadians and contributed $8.9 billion to Canada’s gross domestic product.
The Steel and Aluminum Initiative supports small and medium-sized businesses operating within Canadian steel and aluminum supply chains, helping them to respond to global market dynamics that impact their competitiveness. Funding supports investments in innovative projects that will enhance productivity and/or augment firm competitiveness. It offers non-repayable funding to western Canadian companies.
• A.H.M.S. Inc. – Nisku – $344,250 – Purchase and install equipment to develop and commercialize fluid end technologies.
• C.W. Carry Ltd. – Edmonton – $261,107 – Purchase and install advanced manufacturing equipment to increase production capacity and efficiency.
• DFI Corporation – Edmonton – $500,000 – Design, engineer and manufacture pipe mill line equipment to enable entry into the wholesale piling pipe market.
• Endurance Technologies Inc. – Calgary – $1,000,000 – Install advanced manufacturing equipment and software to increase processing capabilities.
• GT Metal Products Ltd. – Edmonton – $171,238 – Purchase a brake press to reduce outsourcing costs, broaden product service offering, and increase operational efficiency.
• M.A. Steel Foundry Ltd. – Calgary – $466,000 – Purchase and install a 3D sand printer and develop a marketing plan to increase productivity and expand capacity.
• Quantiam Technologies Inc. – Edmonton, AB $773,368 – Design, assemble and test advanced metal-coating equipment that will enhance productivity and reduce production costs.
• Reggin Industries Inc. – Calgary – $489,500 – Purchase and install ancillary equipment for a fibre laser system that will increase productivity and reduce costs.
• Southland Trailer Corp. – Lethbridge – $822,150 – Expand manufacturing of gravel and highway trailers to an additional facility and implement a new production system, reducing waste and cost.
• Unitray Systems Inc. – Edmonton -$874,125 – Design, purchase, and install a custom robotic welding system for increased manufacturing capacity.
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