ArcelorMittal Dofasco has announced plans for another major upgrade which officials say will sustain the company’s future in Hamilton.
The steelmaker is embarking on a $151-million modernization of the coilers within its Hot Mill, assisted by $23 million in provincial grants and loans.
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Vice-president of corporate affairs, Tony Valeri, says benefits will include better quality, productivity and energy-efficiency, while protecting 4,700 local jobs.
He notes, for example, meeting specifications that “our customers are driving forward” including demands within the automotive supply chain.
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Valeri says the project will also allow ArcelorMittal Dofasco to reduce unplanned delays and improve energy efficiency as it works to remain competitive.
Replacement of the 35-year-old coilers is expected to be completed in 2020.
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