The Success Stories

Bavarian Investment in Ontario: 125 new jobs in Hamilton thanks to the reopening of two bar and bloom mills

Aicher’s company took ownership in November 2010 of the bar and bloom mills that Stelco had closed beforehand. For the opening of the new plant, operated under the name Max Aicher North America, or MANA Steel, the Bavarian steel producer invested nearly 106 billion CAD and received a 9 million CAD loan from the Canadian Province Ontario. Clients of this company are the automotive industry, as well as the building and heavy industry.

Next to opening 125 new jobs, Max Aicher acheived another success: Exactly 5 month after the acquisition of the two bar and bloom mills, the first hot rolled steel bar was produced on April 13th 2011. This is a great accomplishment and validates the investment made in Canada. If MANA Steel continues on this successful streak, the manpower should be more than doubled over the next three years.

Business profile
Max Aicher is a Bavarian family business that was founded in 1924 in Freilassing and is nowadays one of the biggest steel producers in the region of the Danube. Not only are there establishments in Bavaria, but also in the Czech Republic, in Slovakia, Austria, Hungary and Romania. Max Aicher founded the company as a building business (Estate and civil engineering projects) in the time between the two World Wars, but it evolved in the 70’s as a steel production and in the 90’s towards recycling. In 2004, the company’s sales volume rose above its first billion.