Corbec Steel invests $40m to build Hamilton 'state of the art' factory
Factory will be steel company's first location in Ontario
Corbec Steel has announced a $40 million investment in Hamilton, which will see the Quebec-based company build its first plant in Ontario — and create approximately 100 local jobs.
Local politicians gathered at the future site of the plant in Hannon, in southeast Hamilton, Thursday morning to officially announce the investment, which they expect to be completed by the end of 2020.
Among those in attendance for the inaugural ceremony on the building site were Ontario's Minister of Economic Development Vic Fedeli, MPP for Flamborough-Glanbrook Donna Skelly and Mayor of Hamilton Fred Eisenberger.
The new plant — which will specialize in hot-dip galvanizing — will cover an area of 100,000 square feet and have an annual capacity of 100 million pounds of steel products, according to a release.
"This investment by Corbec Inc. is more proof that Hamilton is the recognized national leader in advanced manufacturing," Eisenberger said, and he says the city has gained high-paying jobs and "increased prosperity" as a result of similar recent investments.
Great to welcome CEO John Hall & his Corbec Inc. team to <a href="https://twitter.com/hashtag/HamOnt?src=hash&ref_src=twsrc%5Etfw">#HamOnt</a> to break ground on their new galvanizing plant, an investment of up to $40M which means up to 110 high-paying jobs. <a href="https://twitter.com/hashtag/HamOnt?src=hash&ref_src=twsrc%5Etfw">#HamOnt</a> is the centre of 🇨🇦’s advanced manufacturing supercluster & we are open for business! <a href="https://t.co/1mF5oKJfSg">pic.twitter.com/1mF5oKJfSg</a>—@HamiltonsMayor
Hamilton's new plant will primarily serve the south-west Toronto region, according to the release, and is expected to be "one of the most technologically advanced galvanizing plants in North America," which will include "state-of-the-art" safety features and will utilize green technology.
Steel products that will be galvanized at the factory include engineered structures such as bridges, windmills, towers, exposed architectural steel structures, fencing and farming equipment, the release said.
Corbec CEO John Hall said he was "truly grateful to the City of Hamilton and the Government of Ontario" for their support and said the company is excited "to serve various industries across the province" while being an "integral part of the country's thriving steel industry."
The Quebec-based steel company was founded in 1965 and says it is considered one of the leading steel galvanizers in central and eastern Canada, with an overall annual production capacity of 250 million pounds.