Articles tagged with "Industrial"

Canada has introduced counter-tariffs and protective measures to support its steel and aluminum industries in response to U.S. tariffs. Prime Minister Mark Carney announced these actions and mentioned a mutual agreement with U.S. President Donald Trump to negotiate a trade deal aimed at resolving the tariffs issue within 30 days. This move highlights ongoing trade tensions and efforts towards a resolution.

The Canadian government, led by Prime Minister Mark Carney, has announced new measures to combat U.S. tariffs on steel and aluminum products. These measures include rules to prioritize Canadian steel and aluminum, as well as tariff-free products from other trade partners. This strategy aims to protect Canada's steel and aluminum industries and ensure the smooth operation of trade under current global conditions.

In April 2025, Canada's total investment in building construction dropped by $741.9 million to $22.3 billion, with significant declines in both the residential and non-residential sectors. The residential sector experienced a 4.5% decrease, notably in the multi-unit and single-family components. Ontario and Alberta led the national downturn in single-family home construction. The non-residential sector saw a slight decline, despite an increase in institutional investments, led by Alberta.

The Electrical Contractors Association of Ontario (ECAO) recognized top member companies with the R. Hugh Carroll Award for exemplary safety commitment in 2025. Multiple firms, including Rogol Electric and Symtech Innovations, were honored for their outstanding safety achievements. Additionally, certain members were given the new Recognition of Safety Achievement award for maintaining injury statistics below the industry average. Larry J. MacDonald of Black & McDonald Ltd. received the D.J.B. Wright Award for his leadership contributions to Ontario's electrical contracting industry.

Nippon Steel and U.S. Steel have finalized a major acquisition deal, with the Japanese company taking over the American steelmaker for nearly $15 billion. This comes after addressing national security concerns and navigating the political landscape. The acquisition marks a significant shift in the steel industry, reflecting increased global collaboration and investment.

JetZero, a startup in the aerospace industry, is planning to build a $4.7 billion factory in North Carolina. This facility aims to produce more fuel-efficient and spacious aircraft, creating 14,500 new jobs. The endeavor is part of the company's strategy to advance aviation technology and sustainability.

T1 Energy, a renewable energy company, has selected Yates for the preconstruction phase of their new solar power plant in Texas, valued at $850 million. The facility will have a capacity of 5 gigawatts. Yates, based in Mississippi, is also anticipated to be appointed as the general contractor for the project.

A worker has tragically died in an industrial accident in North York, Toronto. The incident occurred around 8:20 a.m. when a concrete slab fell on the male worker, resulting in immediate death at the scene. Toronto police are conducting an investigation into the incident.

Cyclic Materials, a Canadian startup, is planning a US$25-million magnet recycling facility in Kingston, Ontario. The 140,000-square-foot plant will house a research and development center and commence processing 500 tonnes of rare-earth elements annually by early 2026. This facility will play a pivotal role in the energy transition by recycling materials for EV motors, wind turbines, and more. Cyclic also plans to open its first commercial REE recycling facility in Mesa, Arizona by 2026.

Harden and RioCan REIT have revealed plans to redevelop the Méga Centre Notre-Dame mall in Laval, Quebec, following the sale of part of the property. Rosefellow has purchased a portion for $75 million, intending to construct an industrial campus. The redevelopment will include significant retail space expansions and new stores, enhancing the mall's commercial value. The transformation is expected to create a mixed-use hub that benefits the community by combining retail and industrial sectors.

Russia's Rosatom has been appointed as the main constructor for Kazakhstan's first nuclear power plant, a project also pursued by France, China, and South Korea. The Central Asian country, a key producer of uranium, seeks to address its electricity shortage through this project. While Rosatom will lead, Kazakhstan is exploring international financing options with Russia's support. The plant is to be built near the village of Ulken on the shores of Lake Balkhach.

Davie has announced its plan to acquire two shipyards in Texas from Gulf Copper & Manufacturing, with intentions to invest US$1 billion in upgrading them. This acquisition will support U.S. federal priorities and is expected to create roughly 4,000 jobs. The deal, marking Davie's expansion into the U.S., is anticipated to close by summer 2025, following regulatory approvals. The move will strengthen Davie's role in the U.S. shipbuilding industry and address the Arctic capability gap.