VIDEO: Tenaris Receives $16 Million

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July 26, 2019 – Sault Ste. Marie, Ontario – Innovation, Science and Economic Development Canada

The Government of Canada stands with hard-working steel and aluminum workers, their families and their communities. The Government is delivering on its commitment to support Canadian steel producers and workers.

Today, MP Terry Sheehan and the Honourable Bill Blair, Minister of Border Security and Organized Crime Reduction, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced a $16-million investment in a $36.3-million project that will create 88 jobs and maintain 516 more in Sault Ste. Marie, Ontario, and in Calgary, Alberta.

This investment will help Tenaris upgrade its Algoma Tubes seamless mill in Sault Ste. Marie, Ontario, and its Prudential welded mill in Calgary, Alberta, to improve mill performance and product capabilities. These upgrades will enable the company to provide Canada’s energy sector with more innovative product offerings, including expanded capacity to produce steel grades with a high resistance to corrosion, for drilling and extraction.

The Government’s investments in Canada’s world-class steel and aluminum producers—such as EVRAZ, Algoma Steel Inc., ArcelorMittal, Elysis (an Alcoa Corporation and Rio Tinto Aluminum joint venture), Alcoa Deschambault Aluminerie (in French), Aluminerie Alouette and Nova Tube Inc.—are ensuring that they continue to provide thousands of Canadians with good middle-class jobs and remain important contributors to our economy and manufacturing supply chains.

Quotes

“We are committed to supporting Canadian steel workers and the innovative, world-class products they produce. Our investment in Tenaris will help strengthen the competitiveness of the steel sector for years to come, maintain Canada’s position in the global market and support jobs for middle-class Canadians.”

– The Honourable Bill Blair, Minister of Border Security and Organized Crime Reduction

“Canadian steel producers and workers form the economic backbone of communities across our country. This investment will support over 600 workers at Tenaris and help it upgrade its Algoma Tubes and Prudential facilities, become more competitive and expand its product offerings.”

– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development

“The steel industry is the source of thousands of well-paying middle-class jobs in the Sault community. Our government is proud to support steel companies such as Tenaris Algoma Tubes as they upgrade their facilities to become more competitive and create and maintain those critical jobs in our local economy.”

– Terry Sheehan, Member of Parliament for Sault Ste. Marie

“The development of Canada’s energy resources requires high-quality OCTG products, and expanding our service offerings is crucial to support the energy industry. The new investment will also strengthen our Rig Direct® business model with shorter lead times and increased flexibility, while improving our customer support.”

– Guillermo Moreno, Tenaris President, Canada

Quick facts

  • Tenaris operates the Algoma Tubes mill, Canada’s only seamless facility and the leading manufacturer of steel pipes used in the energy sector, specifically oil country tubular goods (OCTG) and line pipes.
  • In 2018, the Canadian steel industry employed more than 23,000 Canadians and contributed $4.3 billion to Canada’s gross domestic product. This industry is a vital supplier to the Canadian manufacturing, energy, automotive and construction industries.
  • This investment is being made through the Strategic Innovation Fund, a program designed to attract and support high-quality business investments across all sectors of the economy by encouraging firm expansion as well as R&D that will accelerate the transfer of technology and the commercialization of innovative products, processes and services and will facilitate the growth of innovative firms.
  • In addition to the Strategic Innovation Fund, there are hundreds of programs and services to help businesses innovate, create jobs and grow Canada’s economy. With a simple, story-based user interface, the Innovation Canada platform can match businesses with the most fitting programs and services in about two minutes.

8 COMMENTS

    • Shawn Cadamuro this has been in the works for almost a year. The application process takes time. I suppose this announcement wouldn’t matter when it occurred cause the ‘nay-sayers’ will always have their ‘say’. The money was made available due to the unjust tariffs that we had to endure while the Bully and Chief south of the border played his silly games at the expense of our domestic industries. Terry Sheehan has worked tirelessly with us from the first day he was elected, and he will support us until the day he hangs up his MP status. I feel he does this because he actually cares about the people he represents. To claim this is based around the upcoming election just shows that people comment without doing the research. Have a good weekend man. I know all of our members at Tenaris needed some good news. They are the best group of people I have ever met and they deserved some good news. If you understood the importance of the premium-line, you would understand how this investment will improve the outlook for the 600 jobs in Sault Ste Marie.

    • Cody JG Alexander im all for the cash buds….
      Just why now why not months ago when they really could’ve used it.
      Convenient just before election …..if they stepped up last year perhaps jobs couldve been saved then…

    • Shawn Cadamuro they did step up. Immediately. The Feds applied counter-prevailing tariffs and made the Strategic innovation fund. Once the fund was created, we (Tenaris) had to apply for it. The application process is very in-depth and complicated. The Feds didn’t give a blank cheque carte Blanche, they made us apply for it and prove that it would provide meaningful innovation to help us avoid these situations in the future. I know this cause I was there for the entire process. You need to consider that the US 232 tariffs began 13 months ago. As far as government bureaucracy works, this was expedited.

  1. What a phenomenal waste of hard-earned tax dollars. Is anyone going to monitor where these monies go?

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