MacDougall Steel Erectors Inc has expanded to handle larger components and larger volumes of structural steel in its Borden Carleton facility.
Mr Rob Moore minister of state (Atlantic Canada Opportunities Agency), and Premier Mr Robert Ghiz joined company officials, stakeholders and guests to announce government investments in the company.
The Government of Canada, through ACOA’s Business Development Program, provided a repayable contribution of CAD 500,000 to support the expansion project. The P.E.I. government has provided CAD 3.7 million in new financing towards the CAD 4.5 million plant.
In addition, the province is providing a labour rebate for up to CAD 585,000 towards the 40 new positions to be created and a CAD 41,000 non repayable contribution towards a workers’ training facility. The training facility will be able to educate as many as 30 trainees per year.
MacDougall Steel Erectors was established in 1998 and is now one of the largest steel fabrication companies in Atlantic Canada.
Mr Moore said that to successfully meet current and projected demands for products and services, companies must invest in productivity to remain competitive. Our Government is pleased to support innovative companies like MacDougall Steel Erectors Inc. as they seek new opportunities to increase sales and therefore create growth and positive economic spin-offs within their own local economy.
Premier Ghiz said that the province is pleased to be able to help the firm expand to meet the opportunities of a growing marketplace. We are showing that the Island can be an excellent base of operations from which companies can serve clients anywhere in the world.
Mr Ron MacDougall president of MacDougall Steel Erectors Inc said that the expansion has afforded the company new opportunity for work. In fact, MSE has already been awarded contracts that would not have been possible for us to complete with the shop and our equipment prior to this expansion.
He said that “This takes us to a whole different level in the industry. In growing and developing our company, one of MSE’s objectives is to keep Islanders employed providing families with a good income and benefits. We are very grateful to both the provincial and federal governments for their participation in making this newest expansion possible.”
Source – The Guardian