Germany

Germany

Teaming up for tower facility

Algoma Steel Inc, a Canadian steelmaker, is joining forces with Germany's Schaaf Industries Corporation (SIAG) to open a turbine tower manufacturing facility in Sault Ste Marie, Ontario. The factory will operate with two production lines on property adjacent to the Algoma steelworks. With both lines operating, it will have the capacity to produce 180 towers a year, beginning with over 20 employees and ramping up in parallel with production to finally employ approximately 140 people.

"For every barrel of oil discovered, the world consumes two. The time has come for Canadians to pursue more renewable sources of energy. This move toward value-chain integration represents the very sort of strategic development that will serve to position Algoma Steel as a world class company for the mid to long term," says CEO Denis Turcotte.

SIAG is a leading tower manufacturer in Europe, with seven factories that account for more than 13% of that continent's production capacity. Its expansion into Canada will allow it to supply the North American industry from a base close to its customers, says CEO Rüdiger Schaaf. "We are excited by this promising new market," he says. SIAG, through its Canadian subsidiary, will hold a majority interest in the partnership, which will be known as SIAG Great Lakes LP.

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