NORTH BAY, ONT. — Steel galvanizing company Norgalv is on the receiving end of $5 million in funding to open a new plant in North Bay, Ont.
The funding will be provided through the Ontario government’s Northern Ontario Heritage Fund Corporation (NOHFC) and will be used to build a new facility, purchase equipment and establish a single production line. It is expected to create 45 new full-time jobs.
Once complete, Norgalv will be the only steel galvanizing company in Northern Ontario. Galvanizing adds a protective zinc coating to metal to protect it from rusting, indicates an Aug. 14 release, adding the new plant will strengthen the steel value chain as producers and machine shops will now have a local and more cost-effective source for galvanizing.
The NOHFC promotes economic development across Northern Ontario by providing financial assistance to projects that stimulate growth, job creation and skilled workforce development, adds the release.
“Today’s announcement is another chapter in what will be a long and prosperous journey for Norgalv in Northern Ontario and North Bay specifically,” said Andre Van Soelen, managing director of Norgalv Limited, in a statement. “Growing the economy and creating jobs are not mere slogans for this government, rather they are goals, proven by the assistance and support shown here today. Norgalv’s products will be manufactured in the North, used in the North, and hopefully exported from the North, resulting in increased job opportunities and economic growth for our region.”
Recent Comments
comments for this post are closed