WOODSTOCK, Ont.—Southwest Ontario’s Steel Technologies is embarking on a major plant expansion with nearly a million dollars in assistance from the provincial government.
A producer of flat-rolled steel—which is used in the automotive, appliance, agriculture, construction, and hardware industries, as well as many others—the company plans to invest approximately $9.4 million in facility upgrades that will allow it to respond to increasing demand for lightweight materials such as aluminum and advanced, high-strength steels.
“At Steel Technologies, we are committed to delivering value-added products and services to our customers,” Mark Gemin, vice-president of STC Steel Technologies Canada Ltd., said. “The 64,000 square-foot expansion at the Woodstock facility will give us the footprint we require to install new equipment allowing Steel Technologies to process advanced lightweight materials to meet growing demand.”
The Ontario government will direct $855,000 toward the multi-million-dollar project through the Southwestern Ontario Development Fund. The province said the expansion will create 15 jobs while retaining 75 others.
“I am pleased Steel Technologies continues to innovate and expand its Woodstock operations, and bring new jobs to Southwestern Ontario,” Brad Duguid, the province’s minister of Economic Development, Employment and Infrastructure, said. “By supporting our manufacturing sector, the province is working hard to grow the economy and create good paying jobs.”
Headquartered in Louisville, Kentucky, Steel Technologies operates 24 facilities in North America, including two in Canada.
The company hopes to complete the expansion project by the end of 2018.