July 26, Jennifer O'Connell, Parliamentary Secretary to the Minister of Finance (Youth Economic Opportunity), on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, announced a $20-million investment in an $81.2-million project that will help Gerdau Ameristeel upgrade its facilities in Whitby and Cambridge, Ontario. The investment will modernize steel production lines, reduce manufacturing costs, reduce the amount of scrap metal going to landfills and improve production capability for billets, which are semi-finished long steel products used to produce other steel-based products such as angles, rebar, flats or channels. The investment will also create 108 jobs and maintain 710 more in Whitby and Cambridge.
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Gerdau's North American business divisions manufacture long and special steel products for the agriculture, energy, industrial, automotive and manufacturing markets through a network of recycling operations and mills, operating ten mills in the U.S. and three in Canada. Gerdau mills utilize efficient and clean production practices, including the use of electric arc furnace (EAF) technology.
In Canada, Gerdau is based out of Whitby, Ontario and Selkirk Manitoba. Contact: 905-809-4372 / 204-223-0334.