N.S. steel plant to close after $56M investment

Mar. 4, 2016 – The Canadian Press is reporting that a heavy steel manufacturing facility in Nova Scotia, that received $56.3 million of provincial money, is shutting down.
Business Minister Mark Furey says that the board of directors for DSME Trenton has informed government that the company is ceasing operations permanently. The decision comes less than a month after the province said it wouldn’t put any more public money into the manufacturing plant that had hoped to develop the capacity to produce 250 wind turbine towers and 200 blade sets per year.

At the time, the company said it was trying to secure orders in heavy steel fabrication in the wind, oil and gas and rail sectors. Furey’s statement says the company was in maintenance mode at the time of the shutdown and had 19 active employees.

— With files from The Canadian Press