Newspaper article The Canadian Press

Steel Fabricator Won't Be Receiving More Nova Scotia Provincial Money: Premier

Newspaper article The Canadian Press

Steel Fabricator Won't Be Receiving More Nova Scotia Provincial Money: Premier

Article excerpt

No more cash for Nova Scotia factory: premier

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HALIFAX - The Nova Scotia government is making clear it won't be putting any more public money into a heavy steel manufacturing facility in northeastern Nova Scotia that has already received $56.3 million of provincial money.

A news release from DSME Trenton said after a board meeting on Thursday that it is trying to secure orders in heavy steel fabrication in the wind, oil and gas and rail sectors.

Business Minister Mark Furey said after cabinet that there is no more government money available to invest in the company, a point Premier Stephen McNeil repeated a few minutes later.

A company release also said that Ernst and Young will continue to work on behalf of the firm to help attract third party investment. …

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