RKO Steel ideally positioned for expansion

News release



Dartmouth-based manufacturing company to increase productivity, capacity to capitalize on growth opportunities

March 13, 2019 – Dartmouth, NS – Atlantic Canada Opportunities Agency

Implementing new technologies and improved processes to lower costs, enhance efficiency and hone competitive advantages makes good economic sense and creates highly skilled jobs. RKO Steel Limited is expanding its facility in Dartmouth, Nova Scotia and incorporating advanced manufacturing technologies into its production line. This will help the company increase both productivity and capacity while creating up to 30 highly-skilled full-time positions.

RKO Steel Limited will incorporate Computer Numerical Controlled (CNC) units at its expanded Thornhill Drive shop to better meet the needs of its clients and to take advantage of future growth opportunities. This project will also improve processes and increase efficiencies that will boost the company’s international competitiveness as well as the region’s economy.

Darren Fisher, Member of Parliament for Dartmouth – Cole Harbour, announced federal support for this project on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA).

The Government of Canada is making smart investments that will create good, middle-class jobs in our country. It is helping small and medium-sized businesses to start-up, expand or modernize and supporting not-for-profit organizations to fuel business growth. Support for this project is one way the Government of Canada is working to achieve its Atlantic Growth Strategy outcome of long-term economic prosperity in the region. 

Quotes

“To grow the Atlantic economy, more businesses must implement advanced manufacturing technologies. This is why the Government of Canada is supporting companies like RKO Steel Limited that are embracing technologically-advanced manufacturing to increase productivity and competitiveness and to spur economic growth in their communities.”

-       The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and Minister responsible for ACOA 

“Dartmouth's RKO Steel has a well-deserved reputation as a world-class steel fabricator that is committed to finding new and better ways to do business. Our Government believes in Atlantic Canada, and we believe in making smart investments in Atlantic Canadian companies like RKO Steel. This investment will help them scale-up and increase productivity, so they can continue to drive economic growth and create well-paying jobs for Canadians.”

-     Darren Fisher, Member of Parliament for Dartmouth – Cole Harbour 

“This investment from ACOA helps RKO to continue advancing with innovative manufacturing as we head into the Smart Manufacturing revolution, and allows us to continually grow our staff organically and bring on more of our great Nova Scotia workers. We truly appreciate the support from ACOA.”

-       Stewart Clark, Vice-President of Marketing and Sales, RKO Steel Limited 

Quick facts

  • The Government of Canada invested $675,000 in this project through the Regional Economic Growth through Innovation (REGI) program. 

  • RKO Steel Limited was incorporated on March 22, 1983 and is located in the Burnside Industrial Park in Dartmouth, Nova Scotia. The company fabricates and erects structural steel and various metals for the oil and gas as well as the construction and shipbuilding/ocean industries in primary markets in Canada, the Eastern United States and Europe. 

  • RKO Steel Limited, a past winner of the North American Steel Fabricator of the Year Award, currently employs 119 people. 

  • The company is seeking to increase its production of components for the Arctic/Offshore Patrol Ships (AOPS) Program. 

  • The Business Scale-up and Productivity stream of the Regional Economic Growth through Innovation program supports businesses at various stages of development. This includes helping high-growth firms accelerate their growth, scale up and enhance their productivity and competitiveness in both domestic and global markets. 

  • The Regional Economic Growth through Innovation program continues to build on the objectives of the Government of Canada’s Innovation and Skills Plan.

  • The manufacturing industry is an important contributor to Atlantic Canada’s economy. In 2016, the industry employed more than 78,000 people in the region, while producing goods and services valued at $7.2 billion. 

Associated links

Contacts

Chris Brooks
Director, Communications and Outreach
Atlantic Canada Opportunities Agency
902-426-9417 / 902-830-3839 (cell)
chris.brooks@canada.ca

Tom Skinner
Vice-President, Finance
RKO Steel Limited
902-468-1322 Ext. 246
toms@rkosteel.com 


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