Wabi Iron and Steel Corp.

FedNor provided a $3,250,000 investment to Wabi Iron & Steel Corp. to modernize and expand its foundry in Temiskaming Shores, Ontario. The project is expected to create 43 new jobs and triple revenue by 2027.

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.

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.

Wabi Iron and Steel Corp. will use a CAD 410,250 FedNor loan to modernize and expand its manufacturing facilities in Temiskaming Shores, Ontario, creating eight new jobs immediately and up to 20 in future expansions.