Industry News

Lakeshore-based aluminium downstream producer receives USD 5 million government aide

Views : 116
Update time : 2024-10-23 14:26:31
Can Art Aluminum Extrusion, an Electronic Vehicle (EV) aluminium part manufacturer from Lakeshore, has received USD 5 million to enhance its aluminium parts manufacturing capacity and produce new components for the EV market.

The federal government awarded the Canadian company as part of a larger initiative. The government has invested USD 12 million in six manufacturers: BSB Manufacturing Ltd., Clover Tool Manufacturing Ltd., CMP Automation Inc., Electrovaya Inc., and Marwood International Inc., in addition to Can Art Extrusion.

Related News
Read More >>
South Korea imposes 21.62% AD duty on China’s stainless steel plates South Korea imposes 21.62% AD duty on China’s stainless steel plates
Oct .30.2025
South Korea imposes 21.62% AD duty on China’s stainless steel plates
Taiwan’s stainless steel scrap imports soar in Sep Taiwan’s stainless steel scrap imports soar in Sep
Oct .30.2025
Taiwan’s stainless steel scrap imports soar in Sep
LME nickel prices slightly rebound amid favorable macro factors LME nickel prices slightly rebound amid favorable macro factors
Oct .30.2025
LME nickel prices slightly rebound amid favorable macro factors
Taiwan’s Tang Eng may benefit from China’s policy of tighter stainless steel capacity Taiwan’s Tang Eng may benefit from China’s policy of tighter stainless steel capacity
Oct .30.2025
Taiwan’s Tang Eng may benefit from China’s policy of tighter stainless steel capacity