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Aluminum June 21, 2019 01:30:02 PM

Canada Invests $7.5M in Modernizing Alcoa's Quebec Plant

Paul Ploumis
ScrapMonster Author
The investment is in support of a $64.5 million upgrade project at the plant, aimed at bringing in innovations through state-of-the-art technology.
Canada Invests $7.5M in Modernizing Alcoa's Quebec Plant

SEATTLE (Scrap Monster): The Canadian government has made significant investment in upgrades of one of Alcoa’s Quebec plants. As per reports, the government has made an investment of $7.5 million in the Deschambault-Grondines plant in Quebec. This is in line with the government’s goal to strengthen the competitiveness of the aluminum sector for years to come.

The investment is in support of a $64.5 million upgrade project at the plant, aimed at bringing in innovations through state-of-the-art technology. The Government of Canada's Strategic Innovation Fund will help the company acquire cutting-edge technological equipment that will boost aluminum production at a lower cost. The project is expected to be completed before the end of 2021.

Commenting on the investment, Navdeep Bains, Minister of Innovation, Science and Economic Development stated that the investment will help the company maintain nearly 520 jobs and upgrade it to latest standards so as to stay competitive in the challenging market and expand its market footprints. Canadian aluminum producers and workers form the economic backbone of communities across Quebec, he added.

Alongside, the Canadian government in investing in several other steel and aluminum manufacturers including EVRAZ North America, Algoma Steel, ArcelorMittal and Elysis, a joint venture between Alcoa and Rio Tinto Aluminum.