NEW YORK — Steel Technologies LLC is expanding its Woodstock, Ontario, plant to meet demand for lightweight materials like aluminum and advanced high-strength steel.
The Louisville, Ky.-based flat-rolled steel processor will receive a grant of more than Canadian $855,000 ($639,000) from the Southwestern Ontario Development Fund to install new equipment and add 64,000 square feet to its existing 80,000squarefoot facility.
The grant will only be disbursed if Steel Technologies meets job and investment targets, a spokesman from Ontario’s Ministry of Economic Development told AMM in an email. Construction on the expansion project has already begun, the spokesman said.
Steel Technologies will invest about C$8.5 million ($6.4 million) in the expansion, which is expected to be completed by the end of 2018.
The company intends to double the plant’s current production.
“The 64,000-square-foot expansion at the Woodstock facility will give us the footprint we require to install new equipment, allowing Steel Technologies to process advanced lightweight materials to meet growing demand,” Mark Gemin, vice president of STC Steel Technologies Canada Ltd., said in a statement.
Steel Technologies did not immediately return requests for further comment.
The expansion will bring with it 15 new jobs on top of the 75 current employees at the Woodstock facility.
Steel Technologies processes flat-rolled steel and other materials for the automotive, appliance, lawn and garden, agriculture, construction, office furniture, hardware and consumer goods industries.
The Woodstock facility offers precision slitting services, and distributes high-carbon and alloyed flat-rolled products.