Algoma Steel and Roshel Form Joint Venture for Ballistic Steel Production
Algoma Steel and Roshel have established a joint venture, Roshel Algoma Defence Solutions Inc., to produce Canadian-made ballistic steel. This initiative aligns with the Government of Canada's Defence Industrial Strategy, supporting local manufacturing and defense procurements.
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Algoma Steel Group Inc. and Roshel Inc. have launched a joint venture, Roshel Algoma Defence Solutions Inc., to manufacture ballistic steel in Canada. This collaboration aims to enhance domestic capabilities for defense products, specifically for Light Utility Vehicles and other military applications, creating over 500 jobs in the process.
The venture is aligned with Canadian government policies on defense procurement and is expected to cater to both national and international defense needs. Additionally, it may extend to sectors such as infrastructure, aerospace, and marine, with potential for exports to allied nations. The partnership is pivotal given the increasing emphasis on local sourcing in defense manufacturing.
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