# Government of Canada invests $3.25M in Wabi Iron & Steel foundry expansion

The Government of Canada, through FedNor, invested $3,250,000 to help Wabi Iron & Steel Corp. upgrade and expand its foundry in Temiskaming Shores, Ontario, creating 43 new jobs and tripling revenue by 2027.

- Type: Investment
- Announced: 2025-01-28
- Where: Temiskaming Shores, Ontario, Canada
- Jobs: 43
- 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)
- [Government of Canada](https://endata.com/companies/1351.md) (investor)

## Sources

- [canada.ca](https://www.canada.ca/en/fednor/news/2025/01/government-of-canada-supports-wabi-iron--steel-with-over-32-million-investment-to-meet-growing-demand.html), 2025-01-28: "This investment will allow Wabi to purchase specialized energy efficient equipment, produce larger products, increase production and market share, while tripling its revenue by 2027."

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