Ontario investment supports specialty steel producer to expand offerings
- February 16, 2022
The Ontario government is supporting a $50-million investment by Canada’s only manufacturer of specialty steel products as the company seeks to be become the nation’s first to produce hi-nickel alloys and other specialty steels.
Valbruna ASW, located in Welland, Ont., manufactures carbon, alloy and stainless steel. Its $50 million investment is going towards equipment and facility upgrades aimed at helping expand its product offerings. Ontario is supporting the investment by kicking in $4.4 million from the Southwestern Ontario Development Fund, which aims to strengthen domestic manufacturing.
“This investment is strategic to the future of Valbruna ASW, our current and future employees, our customers and suppliers and our community partners,” said Tim Clutterbuck, President of Valbruna ASW Inc. “As Ontario’s, in fact Canada’s, only specialty steel producer, uniquely capable of refining high quality stainless steels, we are grateful for the support and recognition of the provincial government.”
The investment will create 15 jobs.