Province supports expansion of MacDougall Steel

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MacDougall Steel Erectors Inc. (MSE) logo

The provincial government through P.E.I. Century 2000 Fund Inc. (PEICF) and Innovation P.E.I. is supporting the expansion of MacDougall Steel Erectors Inc. (MSE).

MSE is an established structural steel fabrication and erection business located in Borden-Carleton.

P.E.I. Innovation and Advanced Learning Minister Allen Roach says the firm is a growing manufacturer, exporting nearly all of its product across Canada and to the northeastern U.S.A., and has been a significant employer in rural P.E.I. for the past 16 years.

“This expansion will enable MSE to increase their production capacity to meet increasing demand for their fabricated structural steel. MSE will also build a training centre where Island workers can be taught how to erect structural steel,” said Minister Roach. “This investment will pay off almost immediately in jobs for Islanders and increased exports for our economy.”

In 2013, MSE employed 130 full-time equivalent positions. This project is expected to create up to 40 jobs over the next two to three years.

PEICF will provide $3.7 million in new financing towards the $4.5 million plant expansion and will also consolidate an existing $1.4 million loan issued for an earlier expansion. Innovation P.E.I. will provide an Innovation and Development Labour Rebate for up to $585,000 towards the 40 new positions to be created and a $41,000 non-repayable contribution towards the training facility. The training facility will be able to educate as many as 30 trainees per year.

MSE will expand its fabrication shop and purchase new automated production equipment. The expansion will increase production capacity to meet increasing demand, enable the fabrication of heavier sections of steel to compete for larger scale projects in western Canada, and improve production capabilities and productivity.

“With this expansion and purchase of equipment we will increase our production capacity allowing us to bid on larger projects within the western region of Canada,” said Kirk MacKinnon, chief financial officer of MSE.

“We feel this will be a great benefit to both the company and the province and are excited for the future.”

Organizations: MacDougall Steel Erectors

Geographic location: Canada, P.E.I., Borden-Carleton.P.E.I U.S.A.

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Recent comments

  • lighthouse.
    August 02, 2014 - 09:36

    First of all it is a loan to be paid back over an aggressive period of time I believe! Second this is a great investment on this money for the people of PEI. The employees are from PEI I am told and they make large amounts of money and this tax money helps to bring more revenue to the province and to the feds. This is new money new jobs and there is interest and the principle to pay back. All the employees spend their money on the island so it is a win win for all. Maybe even for you!

  • Charly
    June 22, 2014 - 16:09

    Mr. Ron MacDougall and Mrs. Gloria MacDougall are thee ultimate champion role model human beings of our planet Earth – PERIOD

  • Terry McKellar
    February 19, 2014 - 12:56

    This of course is another example of the governments of Eastern Canada subsidizing private industry with the tax payers money and one can assume that part of that money comes from transfer payments from the feds - in order for them to compete for projects in the West. Wrong - Wrong - Wrong and let's not even start talking about Quebec

  • mt
    February 17, 2014 - 14:36

    Why can't they go to a bank and borrow like the rest of us have to do. This new loan will bring the total to 5.1 million owing us taxpayers. At a time that the gov't says they have no money this is another bad investment. 5.1 million in loans for 40 new employees over the next 2-3 years does not sound very cost effective

  • Hard To Believe
    February 17, 2014 - 09:24

    Hard to believe , where is Roach finding all this money to give away ???????? When we ask for something for the people , we get Callbecks cry when she was premier . There is no money . I just don't know how these Liberals think .

  • don
    February 17, 2014 - 09:20

    well yuo voted ghiz in the 2nd time knowing he was no good the 1st time. so why are you crying? and he will give you some money to vote him in a 3rd time.

  • Too Happy
    February 17, 2014 - 07:22

    This is an island company that takes money from Alberta into the PEI economy the old fashioned way! They work for it! (see immigrant investor fund) They are actually a preferred vendor in Alberta because of their professionalism and their management. Kudos to the government for once for realizing that they are helping islanders to make more money and pay more taxes. Your average ironworker in Alberta pays more in taxes than most people on PEI make!

  • Good
    February 16, 2014 - 22:12

    Right on the government will help train islanders so they can leave pei for iron work in Alberta

    February 16, 2014 - 20:22

    PEICF will provide $3.7 million in new financing towards the $4.5 million plant expansion and will also consolidate an existing $1.4 million loan issued for an earlier expansion. They haven't paid back the money they got for an earlier expansion, and now the get another $4 Million Dollars that this province can't afford. Can anyone on this Island do anything without getting government money? And you think Harper was wrong when he said a culture of defeat?

  • freddybear
    February 16, 2014 - 20:16

    It amazes me that they still owe 1million plus on another loan one would think that the loan should be paid off before giving them anymore money. As for the training of islanders for these type of jobs they will leave the island just like the RN's the Government pays to train.They have to leave the Island as well.