Government of Canada Supports Wabi Iron & Steel with Over $3.2 Million Investment to Meet Growing Demand
January 28, 2025 – The Government of Canada is investing over $3.2 million in Wabi Iron & Steel to help the company meet growing demand for iron and steel products in Canada. This investment will support the company’s expansion plans, which include increasing production capacity and creating new jobs.
The investment is being made through the Regional Economic Growth through Innovation (REGI) program, which supports projects that promote economic growth and create jobs. Wabi Iron & Steel is a leading producer of iron and steel products in Canada, and this investment will help the company to continue to grow and meet the needs of its customers.
“Our government is committed to supporting businesses that are innovating and creating jobs,” said the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry. “This investment in Wabi Iron & Steel will help the company to meet growing demand for its products, and will create new opportunities for workers in Canada.”
“This investment is a significant step forward for Wabi Iron & Steel,” said Benoit Laplante, CEO of the company. “It will allow us to increase our production capacity and meet the growing demand for our products. We are grateful for the support of the Government of Canada, and we are excited to continue to grow and create jobs in Canada.”
The investment in Wabi Iron & Steel is part of the government’s commitment to supporting the growth of the steel industry in Canada. The steel industry is a key part of Canada’s manufacturing sector, and it supports thousands of jobs across the country. The government is working to help the industry to innovate and compete in the global marketplace.
About Wabi Iron & Steel
Wabi Iron & Steel is a leading producer of iron and steel products in Canada. The company has operations in Quebec and Ontario, and it employs over 1,000 people. Wabi Iron & Steel’s products are used in a variety of applications, including construction, transportation, and manufacturing.
About the Regional Economic Growth through Innovation (REGI) program
REGI is a $950 million program that supports projects that promote economic growth and create jobs. The program is administered by the Government of Canada’s Regional Development Agencies. REGI projects are typically focused on one of three themes:
- Business innovation and growth
- Clean growth and climate change
- Inclusive growth and community development
For more information on the REGI program, please visit: www.ic.gc.ca/eic/site/061.nsf/eng/h_03006.html
Government of Canada Supports Wabi Iron & Steel with Over $3.2 Million Investment to Meet Growing Demand
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