# FedNor invests $309,100 in Wabi Iron & Steel for upgrades and expansion

FedNor announced a $309,100 investment in Wabi Iron & Steel Corp. to upgrade manufacturing processes, purchase equipment, and renovate its facility in New Liskeard, Ontario. The project is expected to maintain 11 jobs and create 14 new positions.

- Type: Investment
- Announced: 2023-07-01
- Where: New Liskeard, Ontario, Canada
- Value: $232K (309K CAD)
- Jobs: 14
- Status: announced
- Products: foundry products, mining equipment
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Wabi Iron and Steel Corp.](https://endata.com/companies/53631.md)
- [FedNor](https://endata.com/companies/71176.md) (investor)

## Sources

- [canada.ca](https://www.canada.ca/en/fednor/news/2023/07/fednor-investing-over-300000-to-support-manufacturing-and-machining-in-new-liskeard.html), 2023-07-01: "FedNor is investing an additional non-repayable contribution of $15,000 to assist Wabi in conducting an operational assessment"

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