Algoma Steel Partners with Sault College on Site-Greening Initiative
13 October 2022 - 06:30AM
GlobeNewswire Inc.
Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the
Company”), a leading Canadian producer of hot and cold rolled steel
sheet and plate products, and Sault College (“the College”)
announced today that their collaboration on Algoma’s site-greening
initiative has taken root with a team of Sault College Forest
Technician – Conservation Program students attending on site to
plant upwards of 2,000 seedlings that they grew this year in the
Sault College greenhouse.
Today, nineteen second-year Sault College
students will be planting the seedlings on the wind berm along the
St. Mary’s River, a 2.2-acre stretch that buffers the wind from the
coal piles. A mix of red oak, eastern white cedar, jack pine, white
pine, red pine, white spruce, and willow seedlings are being
introduced to the area where biosolids were previously placed to
augment the soil and facilitate the propagation of ground
cover.
Through collaboration with experts and community
partners like Sault College, Algoma has developed a comprehensive
site-greening plan for the 120-year-old steelworks. The plan is to
create naturalized green buffer strips along the perimeter of the
site, by introducing soils, creating seasonal surface water ponding
areas, and vegetating with select native plants and tree
species.
“The collaboration between Sault College and
Algoma provides our students an experiential learning opportunity
that allowed them to see their efforts, from seed stratification to
sowing to tending to the subsequent planting of the seedlings, come
full circle. Algoma’s Site Greening Initiative is an industry
leading example of a long-term commitment to improving the overall
environment in and around the steel plant. This experience not only
helped our students to appreciate the realities of industrial
steelmaking but also to see first-hand the importance of an
initiative and commitment, such as this,” said Adam Hodgson,
Natural Environment Professor. “The growing and planting of these
seedlings will contribute to the creation of resilient,
biologically diverse green mosaics enhancing the quality of water
runoff while also capturing and reducing the local effects of
airborne dust particles. The benefits are far reaching, and this
was truly an unforgettable experience for the students.”
“Through close collaboration with our
outstanding partners at Sault College, Algoma’s planned
site-greening is moving quickly from concept to reality. The
program has benefited greatly from the College’s expertise in
reforestation and the engagement of students from the beginning of
the program, who can actively track and experience this important
initiative,” Algoma’s Chief Executive Officer Michael D. Garcia
commented. “This project is building an innovative ‘living lab’ to
augment the student’s education and provide valuable, real-life
experience that they can carry with them into their future
careers.”
About Algoma Steel Inc.
Based in Sault Ste. Marie, Ontario, Canada,
Algoma is a fully integrated producer of hot and cold rolled steel
products including sheet and plate. With a current raw steel
production capacity of an estimated 2.8 million tons per year,
Algoma’s size and diverse capabilities enable it to deliver
responsive, customer-driven product solutions straight from the
ladle to direct applications in the automotive, construction,
energy, defense, and manufacturing sectors. Algoma is a key
supplier of steel products to customers in Canada and Midwest USA
and is the only producer of plate steel products in Canada. The
Company’s mill is one of the lowest cost producers of hot rolled
steel coil (HRC) in North America owing in part to its
state-of-the-art Direct Strip Production Complex (“DSPC”), which is
the newest thin slab caster in North America with direct coupling
to a basic oxygen furnace (BOF) melt shop.
Algoma has achieved several meaningful
improvements over the last several years that are expected to
result in enhanced long-term profitability for the business. Algoma
has upgraded its DSPC facility and recently installed its No. 2
Ladle Metallurgy Furnace. Additionally, the Company has cost
cutting initiatives underway and is in the process of modernizing
its plate mill facilities.
Today Algoma is returning to its roots as a
customer-focused, entrepreneurial company with the courage and
growing capability to meet the industry’s challenges head-on. It is
investing in its people and processes, optimizing and modernizing
so that it might continue to be your partner in steel.
About Sault College
The vision of Sault College is to provide a
transformative life experience through empowering those who study
with us to think and learn in progressive, innovative ways,
including those we have not yet imagined. Sault College grants
Ontario College certificates, diplomas, advanced diplomas, graduate
certificates, and degrees to its graduates. The College is the
largest deliverer of apprenticeship training in all of Northern
Ontario. Sault College has a significant economic impact on the
community, with spin-offs in excess of $355 million. Over $2
million dollars in scholarships, bursaries, and awards are
distributed annually to students at the College. Located on the
border with the United States and situated in the middle of three
of the largest Great Lakes on the planet, in the traditional
territory of the Anishnaabe, Sault College is one of 24
publicly-funded colleges in the province of Ontario.
For more information, please contact:
Algoma Steel Inc.
Brenda Stenta Manager Communications &
Branding Phone: +1.705.206.1022 E-mail:
brenda.stenta@algoma.com
Sault College
Rick Webb Director, Human Resources and Corporate
Communications Phone: +1.705.542.9869 E-mail:
rick.webb@saultcollege.ca
Algoma Steel (NASDAQ:ASTLW)
Historical Stock Chart
From Mar 2023 to Mar 2023
Algoma Steel (NASDAQ:ASTLW)
Historical Stock Chart
From Mar 2022 to Mar 2023