Canada Supports Wabi Iron & Steel Expansion in Ontario
Canadian government is investing CAD 410,250 into Wabi Iron and Steel Corp. in New Liskeard through FedNor funding. The investment will create eight jobs
Canadian government is investing CAD 410,250 into Wabi Iron and Steel Corp. in New Liskeard through FedNor funding. The investment will create eight jobs through modernization and expansion of its manufacturing facilities. The funding is provided through federal Economic Development Initiative for Northern Ontario’s Regional Economic Growth through Innovation (program, which supports the growth of Canadian businesses, their expansion into new markets and their adoption of new technologies and processes.
The funding will help Wabi Iron and Steel Corp to purchase and install a variety of equipment, including milling, lathe and molding machines, as well as to complete structural and environmental improvements such as roof enhancements and lighting upgrades. The upgrades will enable the company to improve efficiencies, increase exports and expand product offerings to capitalize on growth opportunities in key sectors such as mining, forestry and mineral processing.
Founded in 1907, Wabi Iron & Steel Corp. has evolved into a leading manufacturer of loading and conveyance systems for the mining industry and one of North America’s premier producers of general and abrasion resistant castings in iron and steel. Wabi has two divisions Mine Equipment and Foundry responsible for products for specific purposes. With head office, fabrication facility, machine shop and foundry located in New Liskeard in Ontario, its products are shipped to clients in Canada and the United States as well as Mexico and South America.https://www.vmcdn.ca/f/files/nob/wabi-steel-2.JPG