Canada Funds Valbruna ASW to Expand Operations
Canada’s Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario Ms Mélanie Joly announced a FedDev
Canada’s Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario Ms Mélanie Joly announced a FedDev Ontario repayable contribution of up to CAD 5 million for Valbruna ASW Inc in Welland, to support its expansion to reach new markets in Canada and abroad, while maintaining and creating quality jobs in the Niagara Region. By adopting new technologies, Valbruna ASW Inc will become Canada’s only steelmaker with the capability to produce stainless steel and nickel alloy, with improved machinability and heat and corrosion durability. As a result, Valbruna ASW Inc. will be able to increase its capacity to serve the US market and increase domestic manufacturing. This project will leverage over CAD 24 million in private and other investment
Valbruna ASW is a subsidiary of Italian-based Acciaierie Valbruna SpA of Vicenza Italy. Valbruna ASW Inc is Canada’s only specialty steel producer, unique in its ability to refine high-quality stainless steels, and a significant employer in the Niagara Region’s prominent manufacturing sector. The company produces a combination of carbon, stainless and other specialty steel materials for application in numerous sectors including automotive, medical, aerospace, defence and energy.