The Honourable Mélanie Joly, Minister of Economic Development and Official Languages and Minister responsible for FedDev Ontario, recently announced a FedDev Ontario repayable contribution of up to CAD $5 million for Valbruna ASW Inc. in Welland, to support its expansion to reach new markets in Canada and abroad.
Valbruna ASW Inc. is Canadas only specialty steel producer, unique in its ability to refine high-quality stainless steels. The company produces specialty steel materials for application in numerous sectors including medical, aerospace, defense and energy. By adopting new technologies, Valbruna ASW will become Canadas only steelmaker with the capability to produce stainless steel and nickel alloy, with improved machinability and heat and corrosion durability. As a result, Valbruna ASW Inc. will be able to increase its capacity to serve the U.S. market and increase domestic manufacturing.
Image credit: Valbruna ASW Inc