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
'A beautiful soul': Funeral held for baby boy killed in wrong-way crash on Highway 401
A funeral was held on Wednesday for a three-month-old boy who died after being involved in a wrong-way crash on Highway 401 in Whitby last week.
'Sophisticated' cyberattacks detected on B.C. government networks, premier says
There has been a "sophisticated" cybersecurity breach detected on B.C. government networks, Premier David Eby confirmed Wednesday evening.
Police handcuff man trying to enter Drake's Toronto mansion
Toronto police say a man was taken into custody outside Drake's Bridle Path mansion Wednesday afternoon after he tried to gain access to the residence.
Biden says he will stop sending bombs and artillery shells to Israel if they launch major invasion of Rafah
U.S. President Joe Biden said for the first time Wednesday he would halt shipments of American weapons to Israel, which he acknowledged have been used to kill civilians in Gaza, if Prime Minister Benjamin Netanyahu orders a major invasion of the city of Rafah.
Rookie goalie Arturs Silovs to start for Canucks in Game 1 vs. Oilers
Rookie goalie Arturs Silovs will start in net for the Canucks as Vancouver kicks off a second-round series against the Edmonton Oilers Wednesday night.
Nijjar murder suspect says he had Canadian study permit in immigration firm's video
One of the Indian nationals accused of murdering British Columbia Sikh activist Hardeep Singh Nijjar says in a social media video that he received a Canadian study permit with the help of an Indian immigration consultancy.
Pfizer agrees to settle more than 10K lawsuits over Zantac cancer risk: Bloomberg News
Pfizer has agreed to settle more than 10,000 lawsuits about cancer risks related to the now discontinued heartburn drug Zantac, Bloomberg News reported on Wednesday, citing people familiar with the deal.
Quebec premier defends new museum on Quebecois nation after Indigenous criticism
Quebec Premier Francois Legault is defending his comments about a new history museum after he was accused by a prominent First Nations group of trying to erase their history.
U.S. presidential candidate RFK Jr. had a brain worm, has recovered, campaign says
Independent U.S. presidential candidate Robert F. Kennedy Jr. had a parasite in his brain more than a decade ago, but has fully recovered, his campaign said, after the New York Times reported about the ailment.