Cherubini Metal Works of Dartmouth, NS, is receiving $550,000 from the federal government to expand and buy new equipment for the fabrication of bridges and structural steel.
The funding is being provided under the federal Regional Economic Growth through Innovation Steel and Aluminum Initiative. The initiative, launched on March 11 of this year, supports projects of SMEs operating within the Canadian steel and aluminum supply chain. The investments are expected to maintain and create jobs and promote economic growth through adoption of innovative technologies and processes.
In Cherubini’s case, the project being supported totals some $1.8 million, according to a report by the ChronicleHerald. The company expects 20 new jobs to be created, adding to its current workforce of around 350.
“This funding will go toward the cost of modifications and an expansion to current facilities, new equipment, an increase in overall productivity, energy efficiencies but, most importantly, aid in the creating of new full-time positions,” special projects manager Mike Gasparetto told the ChronicleHerald.