Whitby, ON – March 4th, 2025 – North American Steel is proud to announce that we are receiving $3.5 million in investment support from the Government of Canada through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). This significant investment will help strengthen Canada’s manufacturing sector by enhancing automation, increasing production efficiency, and creating new job opportunities.
Advancing Manufacturing in Canada
This funding will allow North American Steel to modernize its Whitby, Ontario facility, investing in state-of-the-art automation equipment that will boost production capacity and improve operational efficiency. These enhancements will enable the company to scale up its operations to meet growing demand while maintaining the high quality and reliability that customers expect.
“Manufacturing is a cornerstone of the Canadian economy, and investments like this ensure that companies like North American Steel can continue to grow, innovate, and remain competitive in both domestic and international markets,” said Mike Tripp, VP of Operations of North American Steel. “We are incredibly grateful to FedDev Ontario and the Government of Canada for recognizing the importance of supporting Canadian manufacturers as we expand our capabilities.”
“Across southern Ontario, businesses, like North American Steel, are working every day to generate jobs, foster innovation and deliver valuable manufacturing solutions for Canadians,” said the Honourable Ruby Sahota, Minister of Democratic Institutions and Minister responsible for the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). “This investment will drive progress, create opportunities and contribute to a stronger, more resilient economy for all Canadians.”
Creating Jobs and Strengthening the Economy
This investment will not only support the growth of North American Steel but also contribute to job creation in southern Ontario. The expansion of our operations is expected to generate new employment opportunities for skilled workers, further strengthening the local economy.
By enhancing efficiency and automation, we are positioning ourselves to better serve businesses across North America while ensuring long-term stability and sustainability within the manufacturing sector.
Supporting Sustainability and Reducing Environmental Impact
In addition to increasing production capacity, this investment will also help North American Steel implement more sustainable manufacturing practices. Through automation and modernized processes, we anticipate a significant reduction in material waste and energy consumption, aligning with Canada’s broader environmental goals. The project also includes measures to reduce our carbon footprint by 10% annually, supporting a greener future for the industry.
Government Commitment to Innovation and Growth
This investment reflects the Government of Canada’s commitment to supporting homegrown manufacturers in strengthening their operations, driving economic growth, and fostering innovation. By equipping businesses with the tools they need to scale and remain competitive, initiatives like this help solidify Canada’s position as a leader in industrial development and supply chain resilience.
About North American Steel
North American Steel is a leading Canadian manufacturer and service provider of high-quality pallet racking and storage solutions. With decades of experience in the industry, we are committed to delivering innovative, efficient, and cost-effective storage solutions to businesses across Canada and North America.
About FedDev Ontario
For 15 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada’s most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region. Learn more about the impacts the Agency is having in southern Ontario by exploring our investment profiles, our Southern Ontario Spotlight, and FedDev Ontario’s X, Facebook, Instagram and LinkedIn.
Media Contact:
North American Steel
marketing@naseco.ca
Cindy Caturao
Press Secretary
Office of the Minister of Democratic Institutions and Minister responsible for the Federal Economic Development Agency for Southern Ontario
Cindy.Caturao@feddevontario.gc.ca
