ArcelorMittal Montreal has announced plans for CAD27m investment to update the finishing line at its Longueuil bar mill, Québec.
This Updated finishing line will boost the mill’s production capacity to 500,000 metric tonnes per year and make new added-value products available to customers.This investment will consolidate 200 jobs at the Longueuil plant.
The Longueuil bar mill currently converts about 400,000 tonnes of steel billets per year. They are made into special quality and merchant quality bars, rebar and various other semi-finished products for customers in North America and Mexico. The bar mill is the world’s largest supplier of steel for leaf springs for the major automakers’ light and heavy trucks. The new finishing line will secure additional outlets for billets from the two ArcelorMittal Montreal steelworks in Contrecoeur and will increase the bar mill’s capacity by 100,000 tonnes per year.
Design engineering is currently underway and work on the finishing line will begin in the second quarter of 2016. The new line should be operational by the end of the second quarter of 2017.
|Company Name||ArcelorMittal Montreal|
|Estimated Cost||CAD 27million|
|Project Completion Year||2017|