STEEL PLANT TO CLOSE IN NOVA SCOTIA AFTER INVESTMENT OF US$ 56.3 MILLION

A heavy steel manufacturing facility in northeastern Nova Scotia that received $56.3 million of provincial money is shutting down.

Business Minister Mark Furey says in a statement today that the board of directors for DSME Trenton has informed government the company is ceasing operations permanently.

The decision comes less than a month after the province said it wouldn't put any more public money into the manufacturing plant that had hoped to develop the capacity to produce 250 wind turbine towers and 200 blade sets per year.