The steel and aluminium sectors are key contributors to the Canadian economy, providing well-paying jobs in many regions.
The Canadian Government has now announced a C$10 million investment in an C$85 million project that will support more than 520 jobs at Alcoa’s aluminium plant in Deschambault-Grondines, Quebec, and that will be completed by the end of 2021.
This investment will help the Alcoa Deschambault Aluminerie innovate by acquiring cutting-edge technological equipment that will enable it to increase aluminium production at a lower cost and to better meet market demand in the short and long term. The Government is investing in Canada’s steel and aluminium producers – such as Evraz North America, ArcelorMittal and Elysis, an Alcoa Corporation and Rio Tinto Aluminium joint venture. These investments will ensure that these companies continue to provide thousands of middle-class Canadians with good jobs and to contribute significantly to Canada’s economy and manufacturing supply chains.
“Canadian aluminium producers and workers form the economic backbone of communities across the country, including in Quebec. This investment will help Alcoa maintain at least 520 jobs and upgrade its facilities to become more competitive and expand its market reach,” said Navdeep Bains, Minister of Innovation, Science and Economic Development.
“The Government of Canada’s Strategic Innovation Fund will enable the Alcoa Deschambault Aluminerie to increase its annual aluminium production capacity, while improving the plant’s long-term competitiveness on a global scale. This investment will help preserve high-quality jobs for our employees and subcontractors, benefiting the entire community of the greater Portneuf region,” said Jean-François Cyr, president of Alcoa Canada.
The Deschambault Aluminerie has been in operation since 1992 and was acquired by Alcoa in 1998. It houses the Aluminium Centre of Excellence, a training hub for Alcoans from all over the world and a centre for the development, transfer and standardization of best practices in manufacturing management.