Economy
JFE Shoji Expanding in Canada
Written by Laura Miller
September 30, 2022
JFE Shoji continues to invest and expand in North America.
JFE Shoji Power Canada Inc. announced it will invest $20 million over the next 18 months to expand production of electrical transformer cores for use in oil-filled distribution and larger power transformer markets. This will increase its use of electrical steel, a product which is seeing increasing demand for its use in power transformers as well as electrical vehicles.
“The demands on expanding and upgrading our electrical grid and enabling the transition to more sustainable electrical power generation systems are significant,” said Ron Harper, president and CEO of Burlington, Ontario-based JFE Shoji Power Canada in a press release.
“JFE Shoji is committed to being a leading company in the investments in our supply chain to support expanded electrification of our communities and the decarbonization of our emissions. There have been many challenges to growth in the past year, and we intend to meet those challenges head on with investments in people, production equipment and automation,” Harper said.
JFE Shoji Power Canada provides products and services to electrical transformer OEMs across North America. Its parent company, JFE Shoji Corp., is an electrical steel producer based in Tokyo.
Los Angeles-based JFE Shoji America Holdings Inc. recently acquired steel framing company California Expanded Metal Products Co. (CEMCO).
By Laura Miller, Laura@SteelMarketUpdate.com
Laura Miller
Read more from Laura MillerLatest in Economy
ISM September survey captures deepening manufacturing gloom
The Institute for Supply Management’s (ISM) latest monthly report on manufacturing reflects a bleak view of American industry in September.
Key industries concerned over government shutdown’s impact on steel, manufacturing
Trade groups cautioned that a prolonged shutdown could strain US industry.
Chicago Business Barometer catches cold winds of contraction in September
The Chicago Business Barometer's September reading indicates a softening in overall business activity in the Midwest for the third consecutive month, with new orders and backlogs retreating further.
Metalforming market sentiment takes a dive in September: PMA
Metalforming manufacturers anticipate a decrease in near-term conditions, according to the Precision Metalforming Association's (PMA) Business Conditions Report for September.
AIA: Architecture firms still under pressure
Architecture firms reported a modest improvement in billings through August, yet business conditions remained soft, according to the latest Architecture Billings Index (ABI) release from the American Institute of Architects (AIA) and Deltek.