Canada Economic Development for Quebec Regions (CED) is offering a loan to Quebec’s Shawinigan Aluminium in order to upgrade its facilities. The scheme was under CED’s Quebec Economic Development Program (QEDP).
The aluminium alloy billet maker will receive C$700,000 (US$536,460.13) repayable amount which will be utilized to install independent electrical systems which will separate this plant entirely from the adjoining Rio Tinto Alcan plant. Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for CED, made this announcement recently.
The Government of Canada supports manufacturing firms such as Shawinigan Aluminium, which is a world leader in the manufacture of premium grade aluminium alloy billets. The company has created a niche of its own by focusing on quality to offer satisfying services to its global client base. This secondary aluminium processing firm bought back thecasting centre from the Rio Tinto Alcan plant to become a separate entity.
"By supporting the upgrade of Shawinigan Aluminium's manufacturing facility, the Government of Canada stands firm on its commitments and helps enterprises expand, innovate or export their products so that they can create high quality jobs for the middle class, thus ensuring prosperity for the Canadian economy," said Mr Navdeep Bains, Minister responsible for CED.
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Commenting on the grant, François-Philippe Champagne, MP for Saint-Maurice-Champlain and Parliamentary Secretary to the Minister of Finance said, "… we are pleased to support the development of Shawinigan Aluminium, thus enabling the firm to remain competitive, continue to provide quality products and maintain some 100 well-paid jobs here, in Shawinigan."
Shawinigan Aluminium manufactures a wide range of alloy billets using proven technologies and specialized tools. They produce billets as small as 81 mm in diameter and apart from standard alloys; they also design made-to-measure billets to suit client requirements.
The Shawnigan aluminium plant started operation in 1957, where it operated first under Alcan, then under Rio Tinto Alcan, until the pot rooms were closed in 2013 due to obsolete Söderberg technology. The plant was retrieved in 2014 to manufacture alloy billets.
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