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
Cuban government apologizes to Montreal-area family after delivering wrong body
Cuba's foreign affairs minister has apologized to a Montreal-area family after they were sent the wrong body following the death of a loved one.
What is changing about Canada's capital gains tax and how does it impact me?
The federal government's proposed change to capital gains taxation is expected to increase taxes on investments and mainly affect wealthy Canadians and businesses. Here's what you need to know about the move.
'Anything to win': Trudeau says as Poilievre defends meeting protesters
Prime Minister Justin Trudeau is accusing Conservative Leader Pierre Poilievre of welcoming 'the support of conspiracy theorists and extremists,' after the Conservative leader was photographed meeting with protesters, which his office has defended.
Quebec nurse had to clean up after husband's death in Montreal hospital
On a night she should have been mourning, a nurse from Quebec's Laurentians region says she was forced to clean up her husband after he died at a hospital in Montreal.
Bank of Canada officials split on when to start cutting interest rates
Members of the Bank of Canada's governing council were split on how long the central bank should wait before it starts cutting interest rates when they met earlier this month.
Northern Ont. lawyer who abandoned clients in child protection cases disbarred
A North Bay, Ont., lawyer who abandoned 15 clients – many of them child protection cases – has lost his licence to practise law.
'My stomach dropped': Winnipeg man speaks out after being criminally harassed following single online date
A Winnipeg man said a single date gone wrong led to years of criminal harassment, false arrests, stress and depression.
Police tangle with students in Texas and California as wave of campus protest against Gaza war grows
Police tangled with student demonstrators in Texas and California while new encampments sprouted Wednesday at Harvard and other colleges as school leaders sought ways to defuse a growing wave of pro-Palestinian protests.
Something in the water? Canadian family latest to spot elusive 'Loch Ness Monster'
For centuries, people have wondered what, if anything, might be lurking beneath the surface of Loch Ness in Scotland. When Canadian couple Parry Malm and Shannon Wiseman visited the Scottish highlands earlier this month with their two children, they didn’t expect to become part of the mystery.