Investment aimed at increasing competitiveness of Dofasco Hamilton
operations, retaining jobs, facilitated by AMIS agreement with Ontario
HAMILTON, ON, Aug. 24 /CNW/ - Dofasco will begin building a $60 Million
pulverized coal injection (PCI) system at its two blast furnaces in Hamilton
to be completed in January 2009. The project is aimed at significantly
reducing fuel costs.
The investment decision was bolstered by an agreement with the Government
of Ontario to provide a $6.05 Million, 5-year loan under the Advanced
Manufacturing Investment Strategy (AMIS) program introduced by the Government
of Ontario. AMIS provides loans to encourage technological innovation and the
creation or retention of jobs.
"This announcement is of special importance, as it demonstrates
ArcelorMittal's commitment to ensuring Dofasco has the necessary resources to
compete in an increasingly global market place" said Dofasco VP Joan Weppler.
"Dofasco appreciates the support that the Province of Ontario is providing to
companies that invest in innovation," she continued. "In a global steel
industry Dofasco has to compete with other plants worldwide for capital
investment. Programs like AMIS help ensure that Dofasco Hamilton remains
competitive into the future."
Ontario Premier Dalton McGuinty announced the AMIS funding at Dofasco's
Head Office in Hamilton: "Hamilton steelworkers are among the best in the
world and we're proud to partner with them by investing in innovative new
technologies," said the Premier. "At Dofasco, your quality and your products
are making Ontario strong."
Dofasco is a leading North American steel solutions provider. Product
lines include hot rolled, cold rolled, galvanized, Extragal(TM), Galvalume(TM)
and tinplate flat rolled steels as well as tubular products. Dofasco's wide
range of steel products is sold to customers in the automotive, construction,
energy, manufacturing, pipe and tube, appliance, packaging and steel
In 2006 Dofasco was acquired by Arcelor SA, and in 2007 Dofasco became a
member of ArcelorMittal, the world's largest steel company.
For further information:
For further information: Andrew Sloan, (905) 548-7200 ext. 3105