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
Architecture firm billings remain down in January
Architecture firms continued to report a sharp reduction in billings in January, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek.
New York state manufacturing rebounds in February
Business activity in New York state’s manufacturing sector recovered nicely in February after a sharp decline the previous month, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York. The general business conditions index rose 18 points to 5.7. This is a diffusion index, where a positive reading signifies […]
Dodge Momentum Index jumps to record high in January
The Dodge Momentum Index (DMI) rose to a record high in January, according to the latest data released by Dodge Construction Network.
CRU: China hits back with retaliatory tariffs on US
Targets include coal, liquified natural gas, crude oil, and other commodities
ISM: Manufacturing expands in January for first time in years
Following more than two years of contraction, US manufacturing activity rebounded in January according to the Institute for Supply Management.