ArcelorMittal Long Products Canada (AMLPC) has announced plans to invest CAD$70 on modernising its Contrecoeur facilities in Quebec, Canada.
The company plans to replace two reheating furnaces, increase rolling capacity by 100kt and replace a dust collector at its Contrecouer-West steelworks.
According to AMLPC, the investment will enable the company to maintain its leading position in steel in North America. The focus will be on product quality through more modern plants and a reduced environmental footprint.
Replacing the two reheating furnaces will cost CAD$30 million and the bar mill at Contrecoeur-West CAD$33 million. The work to replace the plant’s dustcollector will cost CAD$6 million.
The Quebec government’s electricity rebate programme for L-rate customers, announced in the 2016-17 budget has made the investments possible, says AMLPC. “This electricity rebate is intended for companies engaging in major investment projects in the manufacturing sector as well as in the transformation of natural resources,” says AMLPC, and is available until 2020.
AMLPC has already invested CAD$27 million in a new finishing line at its Longueuil mill, which was completed in June 2017.
According to François Perras, AMLPC’s CEO, “We are renewing ArcelorMittal’s commitment to Quebec. Our choice to invest in the acquisition of high-performance equipment will help us accelerate our move towards high-value-added steel production, particularly for the automotive and construction industries.”
Perras said that the company will also be in a better position to meet its customers’rsquo; needs and face international competition. “Our workers’ ongoing efforts and government support have been instrumental in this investment decision. With this modernisation plan, we will continue to play a major role in our communities by supporting over 1,700 direct jobs and converting our natural resources right here in Quebec.”
Dominique Anglade, Deputy Premier, Minister of Economy, Science and Innovation and Minister responsible for the Digital Strategy, said that
the manufacturing sector was one of the three economic pillars being prioritised by the Government, along with entrepreneurship and exports. “We are, therefore, proud to support the initiatives of large businesses established in Québec which, through major investments, are carrying out innovative projects and adopting new technologies in their manufacturing approaches and procedures.” She added that innovation and modernisation were synonymous with growth for businesses and key levers for Québec’s prosperity.