Posted on Thursday, August 15, 2019 at 1:45 p.m.
Ivaco steel workers cheer federal investment funding
It was a happy morning Thursday as workers at the Ivaco Rolling Mill in L’Orignal cheered news of $18 million in federal investment aid.
General Manager Joe Olynyk (right in photo) and
Glengarry-Prescott-Russell MP Francis Drouin shook hands in front of
some of the plant’s steelworkers at the end of the press conference.
“Today’s investment announcement shows our government’s commitment to stand by our steelworkers,” said Drouin.
“We really need to recognize the Ivaco Rolling Mill team,” said Olynyk, adding that any amount of financial investment is useless without a strong and supportive workforce. “Without them, this plant would not exist.”
The federal government is investing $18 million through its Strategic Innovation Fund into a $50.7 million upgrade project by Heico Canada Holding Company for its L’Orignal rolling mill facility and the two Sivaco Wire Group facilities in Ingersoll, Ontario and Marieville, Québec.
The upgrade project includes installation of a new state-of-the-art electric arc furnace at the Ivaco mill, which Olynyk said will allow the company to enter product supply markets in telecommunications, automotive, and oil and gas which were not available to it in the past. The project will also help create 86 new jobs spread across the L’Orignal, Ingersoll, and Marieville production plants.