Federal government announces $2.5 million for six N.S. steel, aluminum companies
The federal government is investing around $2.5 million for new automated technologies at six Nova Scotian steel and aluminum companies.
Foreign Affairs Minister Chrystia Freeland made the announcement Thursday morning in Musquodoboit Harbour with Central Nova MP Sean Fraser.
The six companies to receive funds are Waldale Manufacturing Limited in Amherst, MacKenzie Atlantic Tool & Die Machining, Tri-Star Industries Limited, East Coast Metal Fabrication, IMO Foods Limited, and Hawboldt Industries Limited.
Freeland says, "Today’s contributions will support small and medium-sized producers of steel and aluminum and help them innovate to drive productivity and expand into new markets."
The funding is being provided under the Regional Economic Growth through Innovation (REGI) Steel and Aluminum Initiative.
- MacKenzie Atlantic Tool & Die | Machining is receiving $550,000 for two Computer Numerical Control (CNC) machines and a robot to load and unload the machine, creating a fully automated production line that will operate 24 hours a day, 7 days a week. This project will create two full- time positions and position the company to grow further by attracting new, international contracts to the region.
- Tri-Star Industries Limited is receiving $550,000 to purchase new equipment and expand its ambulances and emergency response vehicles manufacturing facility. This project will create nine permanent jobs and maintain more than 60 full-time positions.
- East Coast Metal Fabrication is receiving $500,000 to improve its infrastructure so it can diversify its operations to include aquaculture construction. This project will allow the company to produce automated feeding barges for salmon farming, creating 30 well-paying jobs.
- IMO Foods Limited is receiving $325,000 for a robotic sterilization system. The system will increase production by 25 per cent. This project will help the company meet increased domestic and export sales goals and will create 10 jobs.
- Hawboldt Industries Limited is receiving $306,602 for automated manufacturing equipment to produce brass castings for fishing boat shafts, as well as build an on-site bed to test large marine cranes. The new base will increase the size of crane the company can build, expanding its market opportunities and creating three skilled jobs.
- Waldale Manufacturing Limited is receiving $247,899 for new high-speed manufacturing equipment to produce license plates. This project will allow the company to improve quality control, output volume and production speed and will create up to 10 jobs.