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Global steel pipe producer Tenaris, which serves the energy industry, announced on Friday an expansion to its Sault Ste. Marie, Ont., operations.
The Argentina-based company promises to modernize and expand the local facility while adding 200 jobs. Tenaris already employs 800 workers in Sault Ste. Marie.
Premier Doug Ford and his Economic Development and Trade Minister Vic Fedeli were on hand to commit $72 million in provincial money to the expansion.
“Tenaris’ investment in Sault Ste. Marie is a strong vote of confidence in Ontario’s world-class workers, and in our plan to protect Ontario by building a more competitive and resilient economy,” said the premier.
“Amid global uncertainty, Ontario’s stable, reliable and predictable business environment continues to instill confidence and attract job-creating investments,” said Fedeli.
“We congratulate Tenaris on this latest milestone and look forward to seeing Northern Ontario’s talented steelworkers remain at the heart of their success,” said Fedeli.
Industry Minister Mélanie Joly along with Ontario Premier Doug Ford were in Sault Ste. Marie on Friday with Nipissing MPP Vic Fedeli on the left and Sault Ste. Marie MP Terry Sheehan on the right. They announced funding for pipe producer Tenaris which is set to expand. (Alex Flood/CBC)
Federal Industry Minister Mélanie Joly was also on hand, announcing $76 million in support from Ottawa.
“Canada’s steel industry is a cornerstone of our economic strength and a driver of our industrial future. Our government remains firmly committed to supporting the steel sector in Sault Ste. Marie. At a time of rising tariffs and trade uncertainty, our government’s investment in Tenaris reinforces local manufacturing, creates good-paying jobs, and delivers real, lasting benefits for the region and for Canada,” said Joly.
Martin Castro, president of Tenaris in Canada, said these discussions with the federal government and the province began months ago. He said it reflects the company’s confidence in Sault Ste. Marie, and in Canadian production.
The Tenaris tube-making facility in Sault Ste. Marie, Ont. (Alex Flood/CBC)
“With this more than $300 million investment, on top of more than $350 million invested since 2020, we illustrate Tenaris’ steadfast commitment to Canadian manufacturing,” said Castro.
“Today’s milestone builds on this momentum to expand Canada’s domestic supply chain for oil country tubular goods and line pipe.”