steel maker, Dofasco, acquired in a hostile takeover by Arcelor SA in January
2006, and since 2007 Dofasco a part of ArcelorMittal, the worlds number one steel
company, will begin building a $60-million pulverised coal injection (PCI) system
at its two blast furnaces in Hamilton to be completed in January 2009.
project is aimed at significantly reducing fuel costs.
investment decision was bolstered by an agreement with the Government of Ontario
to provide a $6.05 million, 5-year loan under the advanced manufacturing investment
atrategy (AMIS) program introduced by the government of Ontario.
provides loans to encourage technological innovation and the creation or retention
of jobs. In a global steel industry Dofasco has to compete with other plants worldwide
for capital investment. Programs like AMIS help ensure that Dofasco Hamilton remains
competitive into the future.
announcement is of special importance, as it demonstrates Arcelor Mittal''s commitment
to ensuring Dofasco has the necessary resources to compete in an increasingly
global market place said Dofasco VP Joan Weppler.
Premier Dalton McGuinty announced the AMIS funding at Dofascos Head Office in
Hamilton: "Hamilton steelworkers are among the best in the world and we''re
proud to partner with them by investing in innovative new technologies,"
said the Premier.