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Valbruna ASW Inc., Canada's only specialty steel producer, received a FedDev Ontario repayable contribution of up to $5 million to support its expansion in Welland, Ontario. The project will leverage over $24 million in private investment, maintain over 110 jobs and create 15 new ones, and enable the company to produce stainless steel and nickel alloy.
Italy-based Tenova was awarded a contract by Valbruna ASW Inc. to supply a new electric arc furnace (EAF) for its specialty steel facility in Welland, Ontario. The EAF will replace the existing one and includes auxiliary equipment, material handling systems, and automation.
| Site | Largest | Latest |
|---|---|---|
| Welland, Canada | $4.00M | 2021-03-01 |