November 17, 2017 6:58 PM ET

Metals and Mining

Company Overview of Ivaco Rolling Mills, LP

Company Overview

Ivaco Rolling Mills, LP produces and supplies steel billets and hot rolled wire rods to customers in North America and internationally. It offers products in various customized grades for a range of industrial applications. The company was founded in 1970 and is based in L'Orignal, Canada. Ivaco Rolling Mills, LP operates as a subsidiary of Ivaco Inc.

1040 Highway 17

L'Orignal, ON K0B 1K0

Canada

Founded in 1970

Phone:

613-675-4671

Fax:

613-675-1084

Key Executives for Ivaco Rolling Mills, LP

President
Vice-President and General Manager
Compensation as of Fiscal Year 2017.

Ivaco Rolling Mills, LP Key Developments

Steelworkers Sign New Contracts with Ivaco Rolling Mills

Employees at the Ivaco Rolling Mills steel plant in L'Orignal have ratified new collective agreements providing improved wages, benefits and other significant gains. The employees, members of United Steelworkers (USW) Locals 7940 and 8794, have voted overwhelmingly to ratify three-year collective agreements with Ivaco, a leading producer of steel billets and hot rolled wire rod. The new contracts cover 370 USW members at the steel plant in this eastern Ontario community. The new agreements provide enhanced contracting-out protections for workers, improvements to benefits such as long-term disability coverage, vision care and life insurance, a new provision for mental health awareness training and improvements in contract language. Wage increases and adjustments for trades positions will range from $3.82 per hour to $7.11 per hour. Wages for production employees will range from $1.50 per hour to $3 per hour. A new provision calls for retention premiums of up to $2 per hour for key positions. Members of USW Local 9740, who work in office, clerical and technical positions at Ivaco Rolling Mills, will be negotiating a new collective agreement later this year to replace their existing contract that expires in November, 2017.

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Recent Private Companies Transactions

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