# Gerdau Ameristeel receives $20M Canadian government investment for facility upgrades

The Government of Canada announced a $20 million investment in an $81.2 million project by Gerdau Ameristeel to upgrade its facilities in Whitby and Cambridge, Ontario, creating 108 jobs and maintaining 710.

- Type: Investment
- Announced: 2019-07-26
- Where: Whitby and Cambridge, Ontario, Canada
- Value: $15.2M (20.0M CAD)
- Jobs: 108
- Status: announced
- Products: billets, angles, rebar, flats, channels
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Gerdau Ameristeel](https://endata.com/companies/40910.md)
- [Government of Canada](https://endata.com/companies/1351.md) (investor)

## Sources

- [newswire.ca](https://www.newswire.ca/fr/news-releases/parliamentary-secretary-o-connell-announces-support-for-more-than-818-canadian-steel-workers-in-southern-ontario-891326446.html), 2019-07-26: "This investment will help Gerdau Ameristeel upgrade its facilities in Whitby and Cambridge to modernize steel production lines, reduce manufacturing costs, reduce the amount of scrap metal going to landfills and improve production capability for billets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.