Tenaris celebrates significant investments in Sault plant
Representatives from all levels of government joined officials from Tenaris on Tuesday to mark the culmination of $150 million in investments in its Sault Ste. Marie plant.
The investments are aimed at centralizing pipe-making operations, which the company says reduces its industrial footprint. Some money has been put toward automation and safety improvements.
Chairman and CEO Paolo Rocca said he sees a bright future for the company, adding he thinks Canada’s oil and gas sector will keep the company viable.
“Price of oil is still supportive, price of gas is still supportive,” he said.
“We are not getting to a situation of, let’s say, crisis of prices. So, in this environment, I think we can count on a high level of demand.”
Sault Ste. Marie Mayor Christian Provenzano said he’s grateful for the company’s investment in the city.
“This is a world-class manufacturing facility,” said Provenzano.
“We’re very proud of the fact that it’s in Sault Ste. Marie and we’re grateful for Tenaris for making the decision to make Sault Ste. Marie its home.”
Tenaris employs more than 600 people at its Sault Ste. Marie plant.
Company officials said centralizing all steel pipe manufacturing makes it a one-of-a-kind facility in Canada.
CTVNews.ca Top Stories
Expert warns of food consumption habits amid rising prices
A new survey by Dalhousie University's Agri-Food Analytics Lab asked Canadians about their food consumption habits amid rising prices.
Documents reveal Ottawa's efforts to get Loblaw, Walmart on board with grocery code
It was evident to the federal government as early as last fall that Loblaw and Walmart might be holdouts to the grocery code of conduct, jeopardizing the project's success.
opinion The special relationship between King Charles and the Princess of Wales
Royal commentator Afua Hagan writes that when King Charles recently admitted Catherine to the Order of the Companions of Honour, it not only made history, but it reinforced the strong bond between the King and his beloved daughter-in-law.
Charlie Woods, son of Tiger, shoots 81 in U.S. Open qualifier
Charlie Woods failed to advance in a U.S. Open local qualifying event Thursday, shooting a 9-over 81 at Legacy Golf & Tennis Club.
Improve balance and build core strength with this exercise
When it comes to cardiovascular fitness, you may tend to focus on activities that move you forward, such as walking, running and cycling.
New Norad commander calls Canada's defence policy update 'very encouraging'
American troops will be spending more time training in the Far North, the new commander of Norad says, a strategy that fits 'hand-in-glove' with Canada's renewed focus on Arctic defence.
B.C. tenants evicted for landlord's use after refusing large rent increase to take over neighbouring suite
Ashley Dickey and her mother rented part of the same Coquitlam duplex in three different decades under three different landlords.
Mountain guide dies after falling into a crevasse in Banff National Park
A man who fell into a crevasse while leading a backcountry ski group deep in the Canadian Rockies has died.
$70M Lotto Max winners kept prize a secret from family for 2 months
During a special winner celebration near their hometown, Doug and Enid shared the story of how they discovered they were holding a Lotto Max ticket worth $70 million and how they kept this huge secret for so long.