Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Norgalv will be constructing a new hot-dip steel galvanizing facility in North Bay, Ontario after it received $5mn in financing from the Ontario government. 


Once operational, the project, which embodies a full investment of about $21mn, will make the steel galvanizing company the first and sole provider of comparable galvanizing services throughout Northern Ontario. The galvanizing line will have a full production capacity of 2,000-2,500/mt of galvanized steel per month, Norgalv told Davis Index.


Norgalv has resumed the preliminary construction of the 35,000 sq. ft facility since the end of June, following a temporary interruption in production due to the COVID-19 pandemic. 


The new facility will support the steel value supply chain by helping manufacturers and machine shops get access to local and cost-effective galvanizing services, according to a news release. The galvanizing process attaches a protective zinc layer to metal surfaces for rust protection.


The funds received by Norgalv from the Ontario government will be used to construct the facility, purchase equipment, and establish a single hot-dip production line. The capital will be provided by the Northern Ontario Heritage Fund Corporation whose focus is on stimulating business development in the area. Once completely operational the facility will likely bring on about 45 new jobs.



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